AtomicDEX

AtomicDEX is a cross-chain decentralized exchange and non-custodial wallet developed by the Komodo platform. It enables users to trade cryptocurrencies directly from their own wallets using atomic swap technology, avoiding reliance on centralized exchanges and institutions to custody funds.

The core mechanism is cross-chain atomic swaps based on hashed time-locked contracts. In a trade, both parties lock funds on their respective blockchains and reveal a shared secret to claim the opposing side’s funds. If the secret is not disclosed, the funds become reclaimable after a timeout, ensuring either a complete trade or no loss of funds. AtomicDEX combines a built-in wallet with a swap engine and can connect to other participants to negotiate trades, all without intermediaries.

Asset support and architecture: AtomicDEX supports a range of cryptocurrencies and tokens that participate in atomic swaps, with ongoing expansion to include additional assets. It provides desktop and mobile clients and aims to offer price discovery and liquidity within a decentralized environment. The project leverages Komodo’s broader security infrastructure, including elements of delayed proof of work, to support its ecosystem.

History and reception: AtomicDEX was introduced as part of Komodo’s cross-chain technology initiative to enable trustless trading across multiple blockchains. It is recognized for enabling non-custodial trades and avoiding KYC, though liquidity and asset coverage can vary by market. Ongoing development focuses on increasing asset support, improving user experience, and broadening cross-chain capabilities.

See also: Decentralized exchange, Atomic swap, Komodo Platform.