Understanding AtomicDEX
AtomicDEX is a comprehensive application that combines a cryptocurrency wallet and a decentralized exchange.
It is available on desktop, mobile, and web platforms.
With AtomicDEX, users can perform various actions, such as sending, receiving, and trading numerous cryptocurrencies.
The unique aspect of AtomicDEX is that users are not required to download the entire blockchain.
24-Word Seed Phrase
One of the critical features of the AtomicDEX wallet is the use of a 24-word seed phrase.
Users must keep this phrase safe or remember it, as it is essential for recovering funds in case of a forgotten password.
The decentralized exchange on AtomicDEX operates through peer-to-peer (P2P) order books powered by atomic swaps.
Atomic swaps enable direct cryptocurrency transfers between parties without the need for intermediaries.