How Does an Atomic Swap Differ from Using a Centralized Crypto Bridge Service?
An atomic swap is trustless and decentralized, using smart contracts (HTLCs) to directly exchange assets between two users on different chains. A centralized bridge requires users to trust a third-party custodian to lock the asset on one chain and mint a wrapped version on the other.
The bridge is a single point of failure and censorship risk, whereas the atomic swap removes the need for this trusted intermediary.