What are Atomic Swaps and Why Are They So Important?

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There was some big news for those involved in the cryptocurrency world. For the first time ever in cryptocurrency history, a cross chain atomic swap between Bitcoin and Litecoin was executed. Or more simply put, we can transact cryptocurrencies without the need for and exchange. This feature allows peer to peer transactions without middlemen and fees involved. YouTuber DataDash explains how atomic swaps work and the importance of them.