Bitcoin Cash swap simulation organised by counterparty. ASM is single-party with no counterparty: Orbital Swap converts MBA and FIATm assets against covenant-fixed backing on one chain, and Multichain locks an asset under an oracle condition and mints a transferable IOU on another chain. DEX is two-party and needs a counterparty: Order book is a native CLOB where you place manual limit orders by default or deploy an AMM bot to become a liquidity provider, and Atomic swap is a cross-chain HTLC where two parties agree and settle trustlessly.
BCH swapsimulation
Zero Counterparty Automated Swap Mechanism:
Contract-fixed rate, zero order-book, size-independent.
Asset type
You convert
You receive — exact
0
Backing rate—
Slippage · any size0 · none
Counterpartynone · covenant
Mechanismredeem → claim
Try 1 unit or 1,000,000 — the rate never moves. You still exchange two assets — exchange is the function — but through this automated swap mechanism, not a P2P market: no order, no maker on the other side. The covenant converts against the asset's own BCH backing.
Holdings
Reservoirs · bounds quantity, never the rate
Zero Counterparty Automated Swap Mechanism:
Contract-fixed rate, zero order-book, size-independent.
Source chain
You lock (source chain)
Ethereum · native
You mint (destination chain)
0 BCH · CashToken
IOUtransferable · claim on source
Mint fee (0.3%)—
Counterpartynone
Trustlock VM + oracle
No counterparty — you alone lock, the oracle attests the condition, the BCH covenant mints the IOU. The IOU is transferable and redeemable for the locked asset's claim on the source chain. Trust = the lock VM + the oracle (not a person). CLTV timeout refunds the lock.
Lock → mint flow
1 · Lock on source chain
VM locks ETH under an oracle condition.
2 · Oracle attests condition
Oracle signs {lockTxid, amount, recipient}.
3 · Covenant mints IOU
checkDataSig(oracleSig) gates the mint.
4 · IOU live & transferable
εETH on BCH, claim redeemable on source.
Decentralized P2P Exchange.
Central Limit Order Book.
Limit price (BCH per MUSIC)
Size (MUSIC)
Best ask / bid—
Fills now?—
Provide liquidity for the MUSIC / BCH pair. Deposit both sides for a two-sided market — or one side for one-way quotes.
Deposit BCH · funds bids
Deposit MUSIC · funds asks
Spread %
Levels / side
Range · outer bound—
Sides funded—
An AMM needs both assets of the pair: BCH funds the buy ladder, MUSIC funds the sell ladder. Configure once and a bot makes & maintains the AMM orders across the range — same book, same matching as manual orders. The AMM is just a CLOB with order-making automated.
Order book · MUSIC / BCH
AMM = bot-maintained · maker = manual human order. One book, one matching engine.
Holdings
Decentralized P2P Exchange.
Central Limit Order Book.
You give
BCH Bitcoin Cash
You receive — best match
0USDT Tron · TRC-20
Best bid / ask—
Matched counterparty—
Coordinationhashlock + timelock
Trustnone · atomic
The order book matches a counterparty who wants the opposite trade; the HTLC then settles it. No oracle, no escrow — the same hashlock binds both legs, so either both redeem or both refund on timeout. Trustless, but P2P: someone must take the other side.
Order book · BCH / USDT · cross-chain intents
cp·… = a counterparty's resting cross-chain intent. Match one, then settle via HTLC. P2P only — no AMM, no oracle.