In the cryptocurrency environment, swaps refer to the direct transfer of coins between users (“wallet-to-wallet”) according to the peer-to-peer model (P2P), i.e., without the use of intermediaries (intermediation) such as crypto exchanges. The procedure requires a high degree of interoperability of DLT technologies and is considered to be disruptive (disruption) for payment transactions.
More Term Definitions
- Point Of Contact (PoC) Definition
- Sidechain Definition
- Sourcing Definition
- Zerocoin Definition
- Digital Currency Definition