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New Atomic Swap Tool Will Let You Easily Swap Bitcoin for Monero

A new testnet tool for the Monero ecosystem will allow investors to “swap” XMR for Bitcoin more easily than before by utilizing the atomic network once it’s rolled out, a developer shared over the weekend. Swapping BTC to XMR On a Reddit post published this weekend, developer “h4sh3d” said their research on Monero Atomic SwapsRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Automated decentralized exchange between bitcoin and similar currency?

I want to create a cryptocurrency that's backed by bitcoin, that's running on it's own different blockchain and consensus algorithm. Is it possible have a decentralized exchange between bitcoin and the new currency so that the only way to get the new coin is to exchange your bitcoin and if you want you can get your bitcoin back by returning your new coin? And this to be done in a safe way without a central exchange and ANYONE having access to all of the new coin, and without risk for your bitcoin as long as both the bitcoin and new…

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