What is a Cross-Chain Swap?

A cross-chain swap, also known as an atomic swap or peer-to-peer exchange, is a trustless and decentralized mechanism for exchanging assets between different blockchain networks without the need for intermediaries or centralized exchanges. Cross-chain swaps leverage smart contracts and cryptographic techniques to enable direct and secure peer-to-peer transactions across disparate blockchains, allowing users to trade assets seamlessly while maintaining full control over their private keys and funds. Cross-chain swaps facilitate interoperability and liquidity between blockchain ecosystems and support the growth of decentralized finance (DeFi) and token economies.