Liquality: Atomic Swap protocol for trustless cross-chain exchange

Historically, the inability for individual blockchain networks to interoperate has forced users seeking to exchange assets across protocols to do so via centralized exchanges. This introduces counterparty risk, as well as exposing traders to potential censorship and service fees. Despite the recent proliferation of so-called ‘decentralized exchanges’ on Ethereum, none support native cross-chain swaps, limiting the products available to exchange to Ether and Ethereum-based assets.

Cross-chain atomic swaps present an exciting avenue for censorship resistant, non-custodial exchange between speculators with network incompatible assets, thereby opening up the exchange design space and eliminating coordination costs between willing counterparties.

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