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Really impressed by this detailed explanation and that illustration is really helpful to understand it properly. I think more upcoming projects will implement atomic swap so as to make the cross-chain settlement devoid of the third party.

Thank you and Have a great day.

Yes the beauty of atomic swap is that the third party is eliminated and after certain time lock if the cross-chain does not transaction does not execute, then it will be returned to the respective owners.

Thank you for replying and Have a great day.