Blockstream Swaps enters beta testing phase, fills Boltz gap in BTC ecosystem

Blockstream announced that its trustless service for moving Bitcoin across the main chain, the Lightning Network and the Liquid sidechain has entered the beta testing phase. 

The Blockstream Swaps service, which was announced as the solution to the Boltz-shaped hole that appeared in the Bitcoin ecosystem, arrives about one week after Boltz shut down its own swap service, citing headaches from waves of AI attacks.

The August 17 announcement directed interested users to request access. Blockstream has not committed to a date for general rollout.

Blockstream did not replace Boltz

An atomic swap is a trade where two parties exchange assets without any intermediary holding either side. The trade either clears in full or collapses and both parties keep what they started with.

Blockstream’s atomic swap version runs on the same primitive as Boltz’s while leaning on hashed time-locked contracts. However, the Adam Back-led firm went out of its way to clarify that it is “not seeking to replace any providers.” 

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