Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Tier Nolan
Atomic Swaps and Their Importance in Blockchain Space
The increase in the number of cryptocurrencies affords the consumer a more extensive choice of coins. However, exchanging them when needed proves a tedious affair due to the different blockchain technologies. Usually, the parties will have to find a third entity, such as a cryptocurrency exchange, to act as the transaction's trustee. Consequently, it could be expensive and time-consuming as not all cryptocurrency exchanges support all coins. Therefore, the only recourse is migration of accounts or sourcing for intermediary currencies.…
5 years ago