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Blockchain platform Qtum is introducing the atomic swaps Bitcoin (BTC) on its mainnet infrastructure, according to a press release shared with Cointelegraph on January 9th.
Atomic swaps are a technology that allows the exchange of a cryptocurrency for another without the need for a trusted third party or a centralized exchange infrastructure.
The implementation of Qtum-to-BTC atomic swaps has been realized with the use of Hash Time-Locked Contracts (HTLCs) and is based on the code of open source cryptocurrency Decred. HTLC – according to the announcement of Qtum – is the safest way to implement swaps.
The team also announced plans to publish "0 Value UTXOs", which will allow users who do not hold Qtum tokens to interact with smart contracts while a third party pays commission.
As reported by Cointelegraph in February, Qtum is a cryptocurrency platform that supports smart contracts and decentralized applications (DApps). At the time of printing, the Qtum cryptocurrency token increased by 2.6% on the day, trading around $ 2.39, according to CoinMarketCap data.
One of the major differences in Qtum, compared to Ethereum (ETH) – probably the most popular cryptocurrency platform that also supports smart contracts and DApp – is that because the former uses the Undent Transaction Output (UTXO), its blockchain allows to get a smart contract lighter interactions.
As reported by Cointelegraph in December, Qtum awarded $ 400,000 to a Columbia University research team to finance the development of an intelligent programming language. The language, dubbed DeepSEA, is intended to support "smart contracter eterosur reliable, reliable and ultimately adoptable".
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