There are some currently existing working software, although most of them are not newbie-friendly. The only one I worked with is Komodo's, which is also easy to use, although they introduced KYC a while ago (and I think it was not truly 100% decentralized before either).

AFAIK, they had to implement KYC to be able to continue their works but the code is fully auditable, so their product can be forked to allow atomic swaps without KYC as well. Here's their GitHub repo for their Desktop DEX if you're interested.

Other Atomic Swap working products that I haven't used but know about are Blocknet's, Decred's, and BEAM's.

That defeats the whole point of having atomic swaps. We need the JoinMarket equivalent of Atomic Swaps. In other words, we need a open source version which is free of any centralized platform and worked on by independent developers.

There are a lot of issues preventing the existence of one that would have success. For one, JoinMarket requires only BTC which is easier to work with than cross-chain. You have to find people who want to change BTC for another coin at the same rate at the same time - and it's usually greedy people with exaggerated rates who are joining those markets.

Then, the setup itself is a quite big headache for the average user. We need something that is user-friendly and Komodo's is the closest one, although the KYC thing was a very big disappointment for me.

I'm quite surprised there is no fully working product for Monero and Bitcoin, honestly. It seems to me like that would be a huge hit.

I don't think all of the current implementations require centralized infrastructures. If I'm not wrong, Blocknet currently does not have any centralized infrastructure but I've never used it to know whether there's liquidity over there or not (although I do not think so). AFAIK, it's p2p. BEAM's atomic swap doesn't seem to have a centralized infrastructure either, but I may be very well wrong of course.

Monero guys are working on BTC-XMR swap:

https://www.reddit.com/r/Monero/comments/i1fknt/ccs_results_monero_atomic_swaps_research/
https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-implementation.html

I think there's huge potential there

Making it truly decentralised does still feel like a bit of a holy grail.  I used to think someone would solve it pretty quickly, but I'm slowly learning to temper those expectations.  It's not easy to combine the part where you want to have a peer-to-peer market where you can be paired with someone to actually make the swap with, plus the part where you want have it resistant to regulatory shutdown.  

So far, most people have tried to tackle the problem by developing a service, but the solution ideally needs to take the form of a protocol.  Not a simple conundrum to solve.

I saw somewhere that it has been implemented. I think there is a barrier to utilizing it because they still aren't widely popular and the other is that the crypto industry is still in nascent stages.

lets just wait for peoples lightning nodes to crash when day traders are 'botting' thousands of routes a second to find the right deals. so they can penny trade the micro percentage spreads of prices..
leaving everyones millisat reserves held up.

but shhh i didnt tell you that. especially when doomad will pretend it wont be an issue. ill let you all find out the hard way that lightning will end up using more bandwidth than bitcoins blockchain does.

just think.. BOTS. and then you might start thinking of the future risks

I think I land somewhere in the middle with my idea of how this will develop, if ever...
Rather than having a team of developers working actively for this with no gains, which could still be done but seems lack of funding in a world where millions are thrown at everything is a problem it would be the teams of services that need this for their own existence, and those could come from a lot of sources, from payments processors or services that want to offer the possibility of depositing tons of coins but not the hassle of dealing with all of them on exchanges to the developers of the coins themselves.


Franky1, how long do you plan on waiting for all your predictions about LN to finally come true?
You know, everyone here has limited time, think about what you want to spend it on.