August 10th, 2021 | Updated on June 29th, 2022
Atomic swap is a peer-to-peer exchange of cryptocurrencies from one party to another, without going through a third party service like a crypto exchange. During this entire process, the users have full control and ownership of their private keys. On September 20, 2017, Decred and Litecoin did the first known successful implementation of the atomic swap.