The Komodo project launched on Friday the public beta of its latest product, AtomicDEX. The platform seeks to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE).
Using atomic swaps allows users to trade directly with the native tokens. Someone buying Ether (ETH) with BTC would just exchange ownership of the respective coins on their blockchains, without having to use intermediary tokenized representations.