Interview with Komodo's CTO, How Atomic Swaps Will Change How Cryptocurrency is Traded

Cryptoslate interviewed Kadan Stadelmann, chief technical officer at Komodo Platform, on why atomic swaps could transform how cryptocurrency is exchanged.

The interview also covered how the Komodo team is surviving the down market and his predictions about the future of crypto and blockchain.

Our interviewee first defined Komodo as "An open, multi-chain platform that offers blockchain technology solutions to meet virtually any use case." He went on to introduce Cryptoslate to the Komodo blockchain starter kit, the platform's primary service.

Komodo uses the Bitcoin network to secure its blockchain by having its nodes back up records of the Komodo blockchain on the Bitcoin blockchain.

According to Stadelmann, the Komodo Software Development Kit provides developers with multi-coin wallets, a decentralized crowdfunding app, an open atomic swap decentralized exchange, and a block explorer.

According to the software developer, atomic swaps are "Safe and trustless." he attributes this to the fact that it is technically impossible for even bad actors to scam another party in an atomic swap.

Stadelmann used the Komodo atomic swap framework to explain how atomic swaps will impact crypto exchanges and wallets.

The entire cryptocurrency market benefits from increased liquidity since atomic swaps are not limited to a single exchange.

As more traders use the Komodo Atomic DEX buyers have access to more sellers and vice versa.

According to Stadelmann, wallet developers can adopt Komodo's atomic swap technology to enable their users to make atomic swaps directly from their wallets.