Since the advent of digital technology such as Bitcoin has created a unique method to record all financial transactions that occur without the need to rely on the existing banking system. This technology is known as ‘Blockchain’. No matter how successful the digital currency is, the technology that drives it is very important. so many also argue that Blockchain can make the central bank regarded as goods no longer needed.
In this case the BITCOIN ATOM is a segment that activates a Bitcoin fork with an on-chain atomic swap on the board and a hybrid consensus. Atomic Bitcoin enables the exchange of decentralized digital assets by utilizing the time-locked hash contract (HTLC) and its own HTLC API, providing freedom from intermediaries and centralized entities.
BITCOIN ATOM (BCA) presents a completely decentralized way to exchange digital assets — with the exchange of chain atoms on board. Using its built-in hash time-locked (HTLC) contract and its own HTLC API, Bitcoin Atom is trying to interfere with the way we exchange current emergency crypts, which provides the freedom of intermediaries and centralized entities.
We believe that most cryptocurrency trades should be carried out on the chain in a decentralized way, in accordance with the original Bitcoin approach to transact in a totally unbelieving environment.
Atomic Swaps (AS), which is currently implemented through an on-chain HTLC network and potentially via an off-chain Lightning (LN) network, brings the ability to exchange assets directly between blockbars without the intermediaries involved. This capability is called cross-linking atoms, and we propose Bitcoin Atom support for it in essence, by bringing the US API and a set of cross-trading utilities to the original Bitcoin core software and sending them to BCA.
Trading on centralized exchanges is a popular topic among members of the crypto-kurra community, especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the issues facing bourse users, due to the number and complexity of the steps involved, and the issues that can arise.
TYPICAL TRADING PROCESSES ON THIRD-PARTY EXCHANGES INCLUDE THE FOLLOWING STEPS :
Registration
Verification
Verification process
Deposit your exchange account
Make a reservation
Make a withdrawal
Withdrawal process
Accept coins
All of these Steps can take a lot of time, usually from 3 to 5 business days, depending on the provider of the exchange.
Verification
Verification process
Deposit your exchange account
Make a reservation
Make a withdrawal
Withdrawal process
Accept coins
All of these Steps can take a lot of time, usually from 3 to 5 business days, depending on the provider of the exchange.
Now let’s take a closer look at the crypto exchange process that is being done through Atomic Swaps:Place your order inside your node
Request Crypto Disorder
You You can easily open your ATOM BITCOIN node and immediately place a sell / buy order without any hassles or intermediaries.
Request Crypto Disorder
You You can easily open your ATOM BITCOIN node and immediately place a sell / buy order without any hassles or intermediaries.
Key Benefits of Atom Swap Above Better Trading Centralized Stock Removes delays (caused by missing deposit / withdrawals, server downtime, etc.):
RETENTION your private key, preventing the possibility of losing your coins (ie Mount Gox).
MINIMIZE potential security breach.
Keep your personal identity (without any verification process).
DECENTRALIZE entire trading process so it is very peer-to-peer.
REDUCE trading costs to a minimum.
Bonus for Bitcoin Holders
RETENTION your private key, preventing the possibility of losing your coins (ie Mount Gox).
MINIMIZE potential security breach.
Keep your personal identity (without any verification process).
DECENTRALIZE entire trading process so it is very peer-to-peer.
REDUCE trading costs to a minimum.
Bonus for Bitcoin Holders
All Bitcoin holders who have their private key at the time of fork (block TBA number) will receive Bitcoin Atom for 1 BTC = 1 BCA. You need to control your Bitcoin private key to claim and transact Bitcoin Atom.
BITCOIN ATOM is a Bitcoin blockchain fork with a major protocol upgrade that will occur in mid-December (block number TBA). On a number of predefined blocks, the original BTC block will be attached to BCA, and any transactions since it will be completely separated on the Bitcoin and Bitcoin Atom networks. At that time, Bitcoin Atom will live on the mainnet and become a fully functional crypto.
THE SPECIFICATION IS AS FOLLOWS:
Ticker Symbol:
Maximum BCA: 21 Million
Distribution: Mining, Minting, Claiming
PoW Algorithm: SHA256
PoW Block Interval: 10 Minutes
PoS Block Interval: 10 Minutes
Block size (actual): 1M (2–4M)
Adjustment difficulty: 2 weeks
Average Tx confirmation time: 5 Minutes
Swap atoms: Yes
Segwit: Yes
Re-protection: Yes
Unique address format: Yes
Maximum BCA: 21 Million
Distribution: Mining, Minting, Claiming
PoW Algorithm: SHA256
PoW Block Interval: 10 Minutes
PoS Block Interval: 10 Minutes
Block size (actual): 1M (2–4M)
Adjustment difficulty: 2 weeks
Average Tx confirmation time: 5 Minutes
Swap atoms: Yes
Segwit: Yes
Re-protection: Yes
Unique address format: Yes
ROADMAP
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Author by: Hellokitty6
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