An atomic swap uses a Hashed Timelock Contract (HTLC), which functions as a two-way virtual safe. HTLC requires both parties to acknowledge receipt of funds within a specified timeframe
Jan 7, 2023 00:00:00
Mar 26, 2023 00:00:00
ICO Details
Ticker Symbol:
DCO
Blockchain Network:
Ethereum
Token Type:
ERC20
Category:
Rating:
What is Dcomy?
The decentralised economy must be built upon blockchain technology. Its very building blocks are smart contracts. Consequently, it is necessary to promote and enhance smart contract interoperability.
This means that users on one platform can communicate and interact with users on another platform, as well as share data and content. The more well connected DApps across blockchains are, the better business logic and flow they can embody and implement, thereby creating a more cohesive and expressive decentralised economy landscape.
An atomic cross-chain swap is a distributed coordination task where multiple parties exchange assets across multiple blockchains. Existing solutions primarily rely on a trusted bridge to implement the cross-chain swap. In contrast, DCOMY takes a provably-secure cryptographic approach to implement the atomic cross-chain swap.
An atomic swap uses a Hashed Timelock Contract (HTLC), which functions as a two-way virtual safe. HTLC requires both parties to acknowledge receipt of funds within a specified timeframe. With this, traders can execute cross-chain trades without relying on the infrastructures of centralised trading platforms.
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