Switcheo Launches Cross-Chain Atomic Swaps on EOS and NEO
Today, we are pleased to announce the launch of Atomic Swap between the EOS and NEO blockchains!
Switcheo users are now able to make cross-chain swaps between EOS and NEO, making Switcheo the first decentralized exchange to allow cross-chain trades between these two blockchains.
"The newly launched EOS/NEO market will allow users to trade seamlessly between all three markets currently supported by Switcheo. It functions similarly to the NEO/ETH market, which has become one of our most popular trading pairs."
- John Wong, VP of Engineering, Switcheo Network
EOS and NEO are both blockchains with fast transaction speeds, so Atomic Swaps between these two blockchains can be settled rapidly.
Switcheo also provides an algorithmic market maker as the counterparty for users, allowing for constant liquidity and market driven pricing.
To develop the EOS implementation of the Atomic Swap, Switcheo is working closely with Obolus.
"Technically it is very difficult to communicate between two blockchains. Switcheo has not only achieved that in a secure way, but also made it simple for users to move assets easily, by implementing time-locked smart contracts that run on both the EOS and NEO blockchains."
- Colin B., CTO, Obolus
Check out the newly launched EOS/NEO market today!
To find out more about atomic swaps, click here.
A step-by-step instruction guide for new users can be found here.
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