Bitcoin Q&A: Atomic Swaps
Channel: aantonop
Date: 2017-12-22

Reducing the switching cost between cryptocurrencies with trustless cross-chain swaps. What happens when that decentralized multi-currency micropayment network becomes fully automated and instantaneous? 

"Atomic swaps are years away." No. https://blog.lightning.engineering/announcement/2017/11/16/ln-swap.html

Chapters
0:00 Let's say an average user buys things from 50 different brands will that need 50 different altcoins?
0:36 Switching cost
2:05 Atomic cross-chain swaps 
3:26 The lightning network
5:15 Go forth and build


This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/

Watch the full talk here: https://youtu.be/XCVaabu3J04

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Decentralized power, leaderless governance -https://youtu.be/E5VbDlQTPzU
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

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Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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