RE: Steemit Blog Contest: My favorite Cryptocurrency: Rune coin on Thorchain is one of my favorites.
THORChain is an computer code application
But the coin attached to this computer node application is called Rune coin.
It is called an atomic swap. In an atomic swap you trade your cryptocurrency for the one you want in one step. When you perform an atomic swap you trade one token for another without using an exchange.
I believe that there's no fee attached to it for someone to use this swap instead of the usual long processes.
I have never heard of atomic swap until now. I was charged for every swap I did on cryptocurrencies and from one wallet to another.
it's more secure then sending currency from your wallet to an exchange wallet,
I'm all about the security it offers though it's still prone to cyber attacks and frauds. I guess all online platform are faced with the same fate.
❤️❤️❤️❤️
Becky.
Hi @beckie96830
Thank you for sharing your thoughts and experiences.