Atomic Swap
Simply put, an atomic swap is the exchange of one type of cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More for another, like bitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More swapped for ethereum, without the supervision of a trusted third party. A relatively new notion, cross-chain atomic swapping looks to change the way users transact with one another. In order to prevent one user withholding their agreed upon amount of currency, atomic swaps use hash time-locked contracts (HTLC)HTLCs require the recipient of payment to acknowledge their ... More.
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition