“Atomic Safe Swap” Will eliminate human error for P2P exchange
Kirobo launched the ‘Atomic Safe Swap’ technical program . Atomic safe swap will allow a safe P2P trading at exchange without any chance of risk to lose money in absence of any mediator.
Kirobo is a Blockchain company. This company has a goal to bring lots of revolution in the blockchain to make technology much more efficiently, better & risk free for people.
Recently this company launched a program which is known as Atomic safe swap which is totally based on the biggest need of the crypto market. This will eliminate the risk of P2P trading at exchange.
In case of Bank services that don’t allow the use of their online banking features for crypto exchanges, then in that situation Exchange faces problems to give their services at the best level to their users. In that case they needed to go with the P2P trading. But with the use of P2P trading, it remains very risky in some cases but here Kirobo company introduced their program “Atomic safe swap”.
Atomic safe swap is based on a logic layer which is built on the Ethereum blockchain. The solution will facilitate simultaneous token swaps with a smart contract, while securing transactions with a proprietary authentication consensus.
In the present time, automatic softwares & mediators are working on Exchanges that are fascinating the P2P transactions but are not safe in cases of intentional or human error. But here Atomic safe swap is based on a different concept.
In this technology of Kirobo, Funds will not leave the custody of any party unless both will authorize the transaction and when the passcode will have been entered. The first party has the right to cancel the trade through Kirobo’s Undo Button.
When both parties agree and the secondary party inputs the correct passcode, then funds will leave the custody to complete the whole transaction.
Asaf Naim, CEO of Kirobo stated
Korobo’s mission is to make cryptocurrency safe to use for everyone, no matter how experienced they are with these assets. Atomic Safe Swap will help us move towards that goal. The tool takes the complexity and suspicion out of the trading process while offering lower transaction fees. We fully expect to dramatically stimulate the cryptocurrency ecosystem for years to come.”
Well here all things are good for the crypto users of all the countries where banks perfectly don’t work, but still here one thing is a problem, that is, Big bank account that will facilitate to hold the funds of the P2P orders and also that will lead into a particular amount of fees to users. While P2P trading is free of transaction fees at many exchanges like Binance P2P.
Read also: Tron founder is transferring from business to school : Reports
