In our crypto engagement daily, we do stumble upon amazing news or info that do throw us into further research.
Its possible Atomic Swap protocol is not something new to many but to a newbie in the space, it's certainly a strange term.
One of the major problems in blockchain transactions is scalability (congestion within a network) this is common to the Ethereum network and many protocols have emerged to provide a solution to this problem. Blockchain technology has brought in the replacement of a trusted party or an escrow service for those who wish to transact and assets can be held and transferred according to the smart contract.
In the study, Atomic Swap allow connection between blockchains while adhering to the core principles of censorship resistance and persmissionlessness. The recent announcement of no limits, delays, refused orders, blocked funds or exploits by Orion Protocol brought in the limelight to what Atomic Swap bridge of Orion set to do.
Orion Protocol is set to launch its first peer-to-peer atomic swap bridge which will allow instant cross-chain and cross-exchange liquidity aggregation.
Since the launch of its terminal, it has been a user-friendly platform for traders, crypto enthusiasts, DeFi investors and Crypto project owners. If you check out SolarFlare you will see through how the platform has been able to decentrally launch tokens been a decentralized launch solution unlocking IDOs for $ORN stakers, this has increased the value of Orion utility token ($ORN).
The uniqueness of Orion Bridge can be found in the following:
The working principle of Orion Protocol is determined by three core technologies which are:
These three technologies making the working of Orion bridge unique will also add more assets as this will be the V1 of the bridge with Interoperability function and token that will follow the launch includes:
According to the documented information, new assets will be added every week with a different chain.
