What is an Atomic Swap?

Atomic swaps are a system of trustless automatic exchanges facilitated by smart contracts. They allow two parties to trade tokens across different blockchains while preserving their autonomy and eliminating the need for centralized third parties while remaining void of counter-party risks without needing the identity of the parties involved. If you are new to the crypto world then this might sound like just an over complicated way to describe "trading." However, once we compare the process……