Monero (XMR), the largest privacy-focused cryptocurrency past marketplace capitalization, has posted a 20% price surge post-obit the launch of the Atomic Bandy implementation program terminal week.

On Fri, the Monero Projection officially announced a rollout of the Atomic Swap implementation adult by the cross-blockchain protocol COMIT Network, aiming to simplify trades between XMR and Bitcoin (BTC).

Following the launch of Monero Atomic Swaps, XMR has seen a notable surge, with its price rising from around $265 on the launch day to an intra-week high of $331. At the time of writing, the privacy-axial cryptocurrency is trading at $318, down around two.4% over the past 24 hours, according to crypto tracking website CoinGecko. Following a solid bullish trend on major crypto markets, XMR is up over l% over the by 30 days.

Source: CoinGecko

Monero Project contributor ErCiccione said that the newly introduced swap deployment is a brand new applied science that allows users to exchange BTC and XMR without relying on a trusted third party similar a cryptocurrency exchange. "These swaps are called 'atomic' considering they merely take 2 possible outcomes: either the trade is successfully completed and each trader receives the other one'southward funds, or nothing happens and both traders keep the funds they started with," he explained.

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According to the declaration, users tin at present proceed with testing out XMR Diminutive Swaps by downloading the COMIT-designed software. ErCiccione cautioned users that the new swaps "might accept unexpected bugs" and recommended testing with small amounts.

Launched in 2022, XMR is a major privacy-focused cryptocurrency designed to support private and untrackable transactions. At the time of writing, Monero is the 30th largest cryptocurrency past market place cap, valued at $v.7 billion.