Good news, everyone!
"We describe a protocol for an on-chain atomic swap between Monero and Bitcoin, but the protocol can be generalized for any cryptocurrency that fulfills the same requirements as Monero to any other cryptocurrency that fulfills the same requirements as Bitcoin. For an exhaustive list of prerequisites, see chapter 3.
Participants send funds into a specific address generated during the process (the lock) on each chain (cross-chain) where each party can take control of the funds on the other chain (swap) atomically (i.e. claiming of funds on either chain is mutually exclusive from the ability to claim funds from the other chain.)
During this process participants does not expose their funds at risk if they follow the protocol accordingly, meaning that the swap is trustless and does not require any sort of collateral, allowing two strangers to trade without risks nor the help of a third-party."
https://www.reddit.com/r/Monero/comments/i1fknt/ccs_results_monero_atomic_swaps_research/
"We describe a protocol for an on-chain atomic swap between Monero and Bitcoin, but the protocol can be generalized for any cryptocurrency that fulfills the same requirements as Monero to any other cryptocurrency that fulfills the same requirements as Bitcoin. For an exhaustive list of prerequisites, see chapter 3.
Participants send funds into a specific address generated during the process (the lock) on each chain (cross-chain) where each party can take control of the funds on the other chain (swap) atomically (i.e. claiming of funds on either chain is mutually exclusive from the ability to claim funds from the other chain.)
During this process participants does not expose their funds at risk if they follow the protocol accordingly, meaning that the swap is trustless and does not require any sort of collateral, allowing two strangers to trade without risks nor the help of a third-party."
https://www.reddit.com/r/Monero/comments/i1fknt/ccs_results_monero_atomic_swaps_research/