Particl and Litecoin are implementing cross-chain atomic swaps. The community's reaction seems to be a bit divided regarding the development.
What is cross-chain atomic swaps?
Distributed database that is used to maintain a continuously growing list of records, called blocks
Cross-chain atomic swaps is the technology that allows two people holding tokens on two different blockchains to trade directly – and instantly – without the risk of one party running off with the other's money before the trade is complete.
Thus, being able to exchange between different cryptocurrencies without exchanges getting involved is significant. Some people could argue this can be done already through decentralized peer-to-peer software, however, those tools are incredibly difficult to use for the average person on the street. Even advanced users find it too much hassle due to low trading volumes.
On the contrary, the developers can integrate this functionality into wallets directly, allowing for immediate exchanges between currencies.
The community's reaction
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency
In this particular case, users could instantly swap between Particl and Litecoin whenever needed. Particl's "part"of the community seems to be pretty excited about the news:
The pic from Reddit.com
However, the response from the Litecoin community is less positive.
Thus, some users do not see any benefits from the development. It seems there are some harsh feelings toward the Particl team. It does appear some people blame the team for shutting down ShadowCash altogether. Additionally, one user claims how the team pumped “the shit out of” SDC and then crashed the market before killing the project.
How this Particl-Litecoin project will really turn out remains to be seen.