Home News Blockchain platform Qtum launched BTC atomic swaps on its mainnet

Blockchain platform Qtum launched BTC atomic swaps on its mainnet

Qtum platform now features atomic swaps which allow users to directly exchange one cryptocurrency for another. This was made possible by the implementation of Hash Time-Locked Contracts (HTLC’s) technology.

Qtum has added atomic swaps function to its mainnet, as reported by Cointelegraph.

Atomic swaps are a technology that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure.

As they claim in Qtum, HTLC technology is one of the most secure ways of implementing the atomic swaps. An atomic swap itself is derived on the basis of Qtum token.

The team has also announced plans to release “0 Value UTXOs,” which will allow users that don’t hold Qtum tokens to interact with smart contracts while a third party pays the fee.

Last month, Qtum allocated a grant of $400 000 to Columbia University research team to fund the development of DeepSEA – a smart contract programming language.