Preimage Revelation Latency
Preimage revelation latency is the time it takes for the party holding the secret to broadcast the transaction containing the preimage on the blockchain. This delay is a crucial factor in the success of an atomic swap, as it must occur before the time-lock expires.
If the network is congested or if the participant is slow to act, the swap may fail even if both parties intended to complete it. This latency is influenced by network conditions, transaction fee settings, and the participant's own technical infrastructure.
Traders must ensure that their software is optimized to broadcast the preimage as quickly as possible to minimize the risk of failure. This is particularly important for high-frequency or large-value trades where the cost of a failed swap is significant.