What Is AtomicDEX? AtomicDEX is a cryptocurrency wallet and decentralized exchange rolled into one application available on desktop, mobile, and web. It allows users to send, receive, and trade numerous coins such as Bitcoin, Ethereum, and BNB and ERC-20 and BEP-20 tokens. With AtomicDEX, there is no need to download the whole blockchain in the process. One of the AtomicDEX wallet’s main features is the use of a 24-word seed phrase that has to be kept safe or to be remembered by the user, as it is required to recover funds in the event of a forgotten password. The decentralized exchange on AtomicDEX uses P2P order books powered by atomic swaps that enable the transfer of cryptocurrency from one party to another, without the use of a third-party intermediary. AtomicDEX is one of the ecosystem products built with Komodo AtomicDEX API – an open-source framework that is compatible with 99% of cryptocurrencies. DogeDEX and GleecDEX are two additional examples of products that use Komodo AtomicDEX API. Author: Kadan Stadelmann, CTO of Komodo Kadan Stadelmann is a blockchain developer, operations security expert, and Chief Technology Officer of Komodo, an open-source technology provider that offers all-in-one blockchain solutions for developers and businesses. Komodo works closely with organizations that want to launch their own custom decentralized exchanges, DeFi platforms, and independent blockchains. Its flagship technology and end-user application is AtomicDEX – a mobile and web-compatible non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one dApp. Kadan strongly identifies with Komodo’s open-source vision and ideology. His dedication to the Komodo project is founded on an unwavering desire to make the world a better place. In addition to cryptography, blockchain technology, and development, Kadan is interested in literature, mathematics, astrophysics, and traveling.
February 13, 2023