Atomic Cross-Chain Swaps: Development, Trajectory and Potential of Non-Monetary Digital Token Swap Facilities

Annals of Emerging Technologies in Computing (AETiC) Vol. 3, No. 1, 2019

The Chinese University of Hong Kong Faculty of Law Research Paper No. 2019-01

9 Pages Posted: 15 Jan 2019

See all articles by Mahdi H. Miraz

Mahdi H. Miraz

Xiamen University Malaysia Campus; Wrexham Glyndŵr University; The Chinese University of Hong Kong (CUHK)

David C. Donald

Chinese University of Hong Kong - Faculty of Law

Date Written: January 1, 2019

Abstract

Since the introduction of Bitcoin in 2008, many other cryptocurrencies have been introduced and gained popularity. Lack of interoperability and scalability amongst these cryptocurrencies was – and still is – acting as a significant impediment to the general adoption of cryptocurrencies and coloured tokens. Atomic Swaps – a smart exchange protocol for cryptocurrencies – is designed to facilitate a wallet-to-wallet transfer enabling direct trades amongst different cryptocurrencies. Since swaps between cryptocurrencies are still relatively unknown, this article will investigate the operation and market development thus far and query the advantages they offer and the future challenges they face. The paper contains detailed literature and technology reviews, followed by the main analysis and findings.

Keywords: blockchain, cryptocurrency, swap, interoperability

Suggested Citation

Miraz, Mahdi H. and Donald, David C., Atomic Cross-Chain Swaps: Development, Trajectory and Potential of Non-Monetary Digital Token Swap Facilities (January 1, 2019). Annals of Emerging Technologies in Computing (AETiC) Vol. 3, No. 1, 2019 , The Chinese University of Hong Kong Faculty of Law Research Paper No. 2019-01, Available at SSRN: https://ssrn.com/abstract=3312624 or http://dx.doi.org/10.2139/ssrn.3312624

Mahdi H. Miraz (Contact Author)

Xiamen University Malaysia Campus ( email )

Malaysia

Wrexham Glyndŵr University ( email )

Mold Rd.
Wrexham, LL11 2AW
United Kingdom

HOME PAGE: http://mahdimiraz.theiaer.org/

The Chinese University of Hong Kong (CUHK) ( email )

Shatin, N.T.
Hong Kong
Hong Kong

HOME PAGE: http://www.mahdimiraz.theiaer.org

David C. Donald

Chinese University of Hong Kong - Faculty of Law ( email )

Faculty of Law
6/F, Lee Shau Kee Building
Shatin, New Territories
Hong Kong
852 3943 1042 (Phone)
852 2696 1040 (Fax)

HOME PAGE: http://www.law.cuhk.edu.hk/en/people/info.php?id=10

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