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XMR Developer Announces Bitcoin to Monero Atom Swap Ability – Privacy Bitcoin News

Trustless, cross-chain trades called atomic swaps have been a kind of holy grail for quite some time and a number of blockchain developers have worked to make them a reality. According to the developers from the Monero project, Atomic Swaps between Bitcoin and Monero are now accessible via the COMIT team’s asb software.

Cross-chain swapping Bitcoin and Monero in a trustworthy way

The Monero Project announced that Bitcoin (BTC) Monero (XMR) Atomic Swaps are now available through an implementation created by the COMIT network. The announcement was written by Monero developer Erciccione, who stated that “the atom-swap implementation developed by the COMIT team is mature enough to be used on Monero’s network”.

The developer’s post contains instructions on how to use the atomic swap protocol and users must use a program called “asb-software” developed by the COMIT team. Erciccione also asked people to start testing the protocol and [developers] know if you find any problems. ”The developer emphasizes that the software is new and may have“ unexpected bugs ”. “Be careful and only test with small amounts,” emphasizes the Monero protocol developer.

Bitcoin to Monero Atomic Swap Protocol can be used with the Privacy-Centric Tor Network

Monero has seen a surge in value since announcing this feature. Year-to-date, Monero (XMR) is up 226%, while XMR is up 42% last month. The Monero network is known for its privacy attributes, which are active by default, as there is no way for users to send transparent transactions. Disguised XMR transactions are transmitted using ring signature technology, bulletproofs and stealth addresses. A number of other privacy-focused coins have also seen significant monthly gains.

The Atomic Swap announcement states that the protocol will work over the Tor network, giving users even more privacy during the swap process. Erciccione says that is offering BTC XMR Atomic Swap services for those who have researched the proper way to use the protocol to find swap providers with liquidity. Other teams that have advanced atomic swap technology include blockchain projects like Komodo and Zcash.

Tags in this story

Anonymity, anonymous transactions, asb software, atomic swaps, bitcoin network, bitcoin to Monero, BTC, BTC to XMR, bulletproofs, COMIT team, cryptocurrency, Erciccione, Monero, Monero developer, Monero network, data protection, protocol, Ring signatures, stealth addresses, tor network,, xmr

What do you think of the Bitcoin to Monero atom swap protocol? Let us know what you think on this matter in the comments below.

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