Within the cryptocurrency world, decentralization is lastly beginning to take heart stage once more. Albeit lengthy overdue, it appears some initiatives are lastly coming collectively. Switcheo introduces its atomic swaps on NEO and EOS this week. A really outstanding improvement which exhibits how versatile the cryptocurrency trade could be at occasions.
NEO and EOS Cross-chain Swaps
It’s quite attention-grabbing to see how atomic swaps could be facilitated between ecosystems that are very completely different from each other. Albeit EOS and NEO each present dApp help, it appears each initiatives are heading in reverse instructions presently. Nonetheless, that doesn’t imply there received’t be an curiosity in swapping between these two currencies on the fly. Ideally with out going via an “middleman” corresponding to Bitcoin first.
Switcheo acknowledges there may be numerous untapped potential to be explored on this regard. That is without doubt one of the main the explanation why the platform now gives a direct EOS/NEO marketplace for merchants to reap the benefits of. Transactions will likely be achieved between each chains immediately, making this platform the primary to offer cross-chain swaps between these two blockchains.
Read more about this from Coin24x7: https://coin24x7.net/crypto-news/three-causes-to-be-excited-about-switcheo-enabling-neo-eos-swaps/
For more information on Switcheo: