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Atomic Swaps Explained - Bitcoin Litecoin DecredAtomic swaps are peer-to-peer trading mechanisms used for transferring cryptocurrencies across different blockchains without the need for trusted third parties. An atomic swap is an exchange of cryptocurrencies from separate blockchains. The swap is conducted between two entities without a third. Atomic swaps are automatic exchange contracts that allow two parties to trade tokens from two different blockchains. Sometimes referred to as.