Understanding blockchain concepts in 1 minute! ⏰ [Ep. 9]

ATOMIC SWAP 💥

💥Atomic (cross-chain) swap is a way to trade crypto directly with someone else - no exchange needed

💥Like a magic trade where both people get their coins at exactly the same time

💥If one person backs out, the whole trade cancels automatically ⚡️

💥No middleman = no extra fees

💥Increases privacy since you're not sharing details with centralized exchanges

💥Think of it like swapping baseball cards with a friend, but with a magic box that only opens when both cards are inside

💥It's the technology behind many decentralized exchanges (DEXs)