XUC (Exchange Union)
Atomic cross-chain trading is a method of conducting transactions between different blockchain networks without the need for a trusted intermediary. It allows users to swap one cryptocurrency for another directly, with no counterparty risk.
In atomic cross-chain trading, smart contracts are used to ensure that the entire trade is completed or canceled in its entirety, preventing situations where one party fulfills their end of the deal while the other does not. This guarantees that neither party can walk away with the assets of the other without fulfilling the terms of the trade.
By using atomic cross-chain trading, users can trade assets across different blockchains seamlessly and securely. This method promotes decentralization and eliminates the need for centralized exchanges, reducing the risk of hacking or fraud associated with traditional trading platforms.
