Monero has grown by 20% after getting support for atomic swaps – Bits Media

20 August, the developers of the anonymous cryptocurrency Monero added support for atomic swaps to quickly exchange XMR for BTC. After that, the coin rate increased by 20%.

For atomic swaps (direct exchange of tokens between blockchains) Monero developers have implemented Interseter protocol Comit. If on Friday the XMR coin was traded in $265, then the very next day her course reached $320. This is not a historical record yet, However, a noticeable increase in the course. Now XMR occupies 28 line in the Coinmarketcap rating.

Atomic swaps are technology, allows you to exchange cryptocurrencies without a trusted intermediary, eg, cryptocurrency exchange. They also allow you not to trust the second participant in the transaction. The exchange transaction can only have two outcomes - successful, when and the exchange of tokens occurs, And unsuccessful, In this case, coins remain in the wallets of the previous owners. Therefore, cases, When one user sent tokens, And the second appropriated them, Without sending your own, It cannot be.

While atomic swaps for the exchange of XMR for BTC are working in test mode, Therefore, the developers warn
About possible errors and bugs. To test swap users, users need to download a special version of the application.

In early August, the founder of Monero Ricardo spani (Riccardo Spagni) was arrested on charges of South Africa in fraud. The arrest occurred in American Nashville. However, the arrest was not related to the development of Monero and almost did not affect its price.