BITCOIN ATOM:
Decentralized way of digital asset exchange .
Introduction
Digital asset exchange is now easier through a decentralized way, Bitcoin Atom (BCA). This app attempts to disrupt the way we exchange the cryptocurrencies by using built-in hash time-locked contracts also known as HTLCs and its own HTLCAPI. Its decentralized nature gives independence from any centralized entities. Being in a trustless environment, cryptocurrency trade should be on-chain in a decentralized way.
Digital asset exchange is now easier through a decentralized way, Bitcoin Atom (BCA). This app attempts to disrupt the way we exchange the cryptocurrencies by using built-in hash time-locked contracts also known as HTLCs and its own HTLCAPI. Its decentralized nature gives independence from any centralized entities. Being in a trustless environment, cryptocurrency trade should be on-chain in a decentralized way.
Atomic Swap
Through Atomic swap assets can be swapped between blockchains without the involvement of mediators via HTCLs on chain and off chain. This ability of swapping is known as atomic cross-chain trading and by bringing ASAPI and set of cross-chain trading utilities into the original Bitcoin core software and forking it into Bitcoin atom shows the support for it.
Through Atomic swap assets can be swapped between blockchains without the involvement of mediators via HTCLs on chain and off chain. This ability of swapping is known as atomic cross-chain trading and by bringing ASAPI and set of cross-chain trading utilities into the original Bitcoin core software and forking it into Bitcoin atom shows the support for it.
AS Model
Through Bitcoin atom’s AS model, transparency is expected in digital asset trading. This is done through on-chain atomic swaps which will be detected by passive observers. This will not allow users to create tons of fake volume with a small amount of coins.
Through Bitcoin atom’s AS model, transparency is expected in digital asset trading. This is done through on-chain atomic swaps which will be detected by passive observers. This will not allow users to create tons of fake volume with a small amount of coins.
Hybrid Consensus
The so called hybrid consensus securitizes the BCA network by putting PoW and PoS models in place which increases the stability of the network and reduces miners power, hence 51% attacking probability is lowered.
The so called hybrid consensus securitizes the BCA network by putting PoW and PoS models in place which increases the stability of the network and reduces miners power, hence 51% attacking probability is lowered.
Core Values
Bitcoin Atom has three core values:
* Transparency
* Independence
* Decentralization
Bitcoin Atom has three core values:
* Transparency
* Independence
* Decentralization
Specifications
* Maximum supply of 21 million
* Pow Block interval of 10 minutes
* 1 M (2–4 M) block size
* 2 weeks of difficulty adjustment
* Atomic swaps
* Segwit
* Replay security
* Unique address format
* 5 minutes time of Avg tx confirmation
* PoS block interval of 10 minutes
* Maximum supply of 21 million
* Pow Block interval of 10 minutes
* 1 M (2–4 M) block size
* 2 weeks of difficulty adjustment
* Atomic swaps
* Segwit
* Replay security
* Unique address format
* 5 minutes time of Avg tx confirmation
* PoS block interval of 10 minutes
Bitcoin weaknesses
Many of us are aware of bitcoin’s weaknesses. People nowadays are fully dependent on exchange operators such as MtGox and btc-e for cryptocurrency exchange. BCA believes that this centralized way should be eliminated and mistakes of the past should be avoided by making decentralized apps for such exchanges to uncomplicated the exchange procedures. BCA solves all these problems by introducing a hybrid consensus approach.
Many of us are aware of bitcoin’s weaknesses. People nowadays are fully dependent on exchange operators such as MtGox and btc-e for cryptocurrency exchange. BCA believes that this centralized way should be eliminated and mistakes of the past should be avoided by making decentralized apps for such exchanges to uncomplicated the exchange procedures. BCA solves all these problems by introducing a hybrid consensus approach.
Among all the cryptocurrencies, Bitcoin Atom will be the first one to adopt the lightning network with its payment channels.
ESR Wallet
Bitcoin atom will be ESR wallet supported, which is a universal wallet with a full range of banking services. With the support of popular cryptocurrencies, this wallet has the ability to use a virtual bank account.The ESR wallet team owns more than 300 ATM’s located in the USA. The users of this wallet will be able to store and use BCA along with other supported cryptocurrencies and fiat currencies.
Bitcoin atom will be ESR wallet supported, which is a universal wallet with a full range of banking services. With the support of popular cryptocurrencies, this wallet has the ability to use a virtual bank account.The ESR wallet team owns more than 300 ATM’s located in the USA. The users of this wallet will be able to store and use BCA along with other supported cryptocurrencies and fiat currencies.
Key Benefits of this integration
It has three key benefits:
* ESR wallet will be able to store Bitcoin Atom.
* Users of ESR wallet who hold Bitcoin will be able to receive equal amount of Bitcoin atoms without having to move their BTC.
* BTC holders who want to receive Bitcoin Atom can easily do so by moving their Bitcoin to the ESR wallet before the time of Bitcoin Atom fork.
It has three key benefits:
* ESR wallet will be able to store Bitcoin Atom.
* Users of ESR wallet who hold Bitcoin will be able to receive equal amount of Bitcoin atoms without having to move their BTC.
* BTC holders who want to receive Bitcoin Atom can easily do so by moving their Bitcoin to the ESR wallet before the time of Bitcoin Atom fork.
The development team of Bitcoin Atom is working on a special toolkit for On-chain and off-chain atomic swaps simultaneously which allows a hassle free way of exchanging cryptocurrencies across different blockchains
For additional information please visithttps://bitcoinatom.io/
For additional information please visithttps://bitcoinatom.io/
Bitcoin Atom atomic swaps can be performed currently by two parties i-e testnet and mainnet and supports all the coins
Bitcoin Atom can do atomic swaps with the following cryptocurrencies:
* Litecoin
* Ether
* Bitcoin
* Bitcoin Cash
* Decred
* Syscoin
* Dash
* Particl
* Viacoin
* Vertcoin
Bitcoin Atom can do atomic swaps with the following cryptocurrencies:
* Litecoin
* Ether
* Bitcoin
* Bitcoin Cash
* Decred
* Syscoin
* Dash
* Particl
* Viacoin
* Vertcoin
Zcash is also ecpected to be included in the above list soon.
Bitcoin Atom is scheduled to be launched in 2018
Bitcoin Atom is scheduled to be launched in 2018
WEBSITE : https://bitcoinatom.io/
Bitcoin Atom Facebook Url :https://www.facebook.com/atombitcoin
Bitcoin Atom Twitter Url :https://twitter.com/atombitcoin
Ann Thread :https://bitcointalk.to/index.php?topic=2515675
Bitcoin Atom Facebook Url :https://www.facebook.com/atombitcoin
Bitcoin Atom Twitter Url :https://twitter.com/atombitcoin
Ann Thread :https://bitcointalk.to/index.php?topic=2515675
Author:https://bitcointalk.org/index.php?action=profile;u=1752966
My eth:0xB3cE19Ad89635B5642b45eb58CF7D5BEC0af100f
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