Instant swaps on Layer 2

caution

This section of the documentation is still under construction. Stay tuned for more content!

This documentation section provides an introduction into instant swaps. The goal of instant swaps is to reduce the swap execution time. One way to achieve instant swaps is to enable atomic swaps with Layer 2 solutions.

Layer 2 solutions

Layer 1 solutions are defined as blockchains with a consensus mechanism in place and a certain block-time.

Layer 2 solutions build on top of Layer 1 solutions and enable instant off-chain transactions. Layer 2 solutions are bound to Layer 1 ledgers for settlement.

Examples for layer 2 networks:

• Lightning Network on top of Bitcoin.
• Raiden Network on top of Ethereum.