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Can hash-based contracts on the blockchain be beneficial?
Most people use CEX exchanges without even realising that DEX offers users more choice, options and the ability to select the blockchain they prefer.
Many blockchains charge users huge fees for swaps. They may also charge a special fee for ‘GAS’ — this is most common in the $ETH blockchain, but users continue to make transactions there anyway.
On the $TON blockchain, transaction speeds and costs are very low. 0.1 $TON - 0.3 $TON.
It is now possible to make swaps more profitably and conveniently thanks to the
STON fi - AMM DEX platform, built on the $TON blockchain. It is the largest exchange developing technologies and attracting users to the $TON blockchain.
One of the developments that may soon be implemented is HTLC. This system has already been implemented on the $BTC, $LTC, and $ETH blockchains.
To make such a transaction, you need to create a special hash, which will allow you to unlock tokens for the person to whom you are transferring tokens. A time interval is created during which you must inform the other party that you are transferring $LTC with a generated hash, which the other party must know in order to collect these tokens.
In return, the other party also transfers their hash to you, which they generated, for example, in $LTC.
After both parties have successfully generated the hash, it must be locked in a smart contract. At the same time, the tokens are locked in the smart contracts of the opposing parties. They have the property of being cancellable after a set period of time if the transaction does not take place.
By the way, in addition to HTLC, full-fledged cross-chain transactions from the STON fi team may be implemented this year, which will be a new result of the development of the $TON blockchain. The $TON blockchain did not have the technology to make swaps from one blockchain to popular ones, such as $SOL, available.
While $TON technology and blockchain are still developing, you can farm liquidity pools on STON fi :
$BOMB / $USDT 88%
$FPIBANK / $USDT 10%