What is the difference between exchange, instant exchange and atomic swaps?
How users will communicate with each other to proceed with atomic swap?
Place order in the atomic order book — decentralized order book powered by BitTorrent protocol, so users distribute orders peer-to-peer without any centralized servers.
How Atomic exchange works?
Let’s assume you’re going to proceed with DCR to LTC exchange:
You create Atomic swap order in Atomic wallet
Select order from BitTorrent order book
Enter amount of DCR to receive or LTC to send
You confirm the swap
The second party receives notification
The second party confirms the swap
Your and second party’s Atomic Wallet checks the contract
You both receive your coins
I wish you had an explanation somewhere about how you will make your fee?
Network fee for contract creation in the first blockchain
Network fee for contract redemption in the second blockchain
Atomic wallet service fee for successful atomic swap
Network fee for contract creation in the second blockchain
Network fee for contract redemption in the first blockchain
If swap is interrupted or failed
Network fee for contract creation in the first blockchain
Network fee for refund in the first blockchain
Network fee for contract creation in the second blockchain
Network fee for refund in the second blockchain
Are you working on the code only, or the GUI too?
We are developing an end-customer solution — Atomic scripts code and GUI.
