Bitcoin Atom discusses the problems that are currently covered by the most famous in the world of Blockchain. Of course, this bitkoyn. Bitcoin has since appeared on the scene, revolutionized, for removing mediators from all of history, the fact that instant and inexpensive transactions and an inability to resist currency have occurred. All this inspires the expansion that we see today.
Bitcoin Atom (BCA) is a completely decentralized way of exchanging digital assets — with the exchange of chains of atoms on board. Using its built-in hash-contract with temporary blocking (HTLC) and its own HTLC API, Bitcoin Atom tries to prevent the exchange of current crypto-currencies, providing freedom from intermediaries and centralized objects.
We believe that most transactions with crypto-currencies should be performed in a chain of decentralized ways, in accordance with Bitcoin’s original approach to the transaction in a completely non-believing environment.
Atomic Swaps (AS), which is currently implemented via the HTLC network over the network and possibly through the Lightning (LN) network, provides the ability to exchange assets directly between the chains without intermediaries. This capability is called cross-linking of atoms, and we offer Bitcoin Atom support for it at its core, introducing the US API and the cross-trade set into the Bitcoin source software and sending it to the BCA.
Trading on centralized exchanges is a popular topic among the members of the crypto-currency community, especially with the growth of trading and cryptographic prices led by Bitcoin. Nevertheless, discussions can often revolve around the problems encountered by users of the exchange, due to the number and complexity of the steps involved and the various problems that may arise.
Typical trading processes on third-party exchanges include the following steps:
- Registration
- Checking
- Verification process
- Make your own exchange account
- Make a reservation
- To draw a conclusion
- The output process
- Receive Coins
All these steps can take a lot of time, usually 3 to 5 working days, depending on the exchange provider.
Now let’s take a closer look at what happens to the ugly crypto process through Atomic Swaps:
- Place your order in your site
- Take the Crypto Distraction
You can easily open your BITCOIN ATOM node and immediately place an order for sale / purchase without any problems or intermediaries.
The main advantages of the nuclear report over centralized reserves
- The best trade
- DELETION of delays (caused by a lack of deposit / withdrawal of funds, server downtime, etc.)
- DELETE your secret key, preventing the possibility of losing your coins (for example, Mount Gox).
- MINIMATE the potential security breach.
- Keep personal identification (without any verification process).
- DECENTRALIZE the entire trading process, so it’s really peer-to-peer.
- Reduce trading costs to a minimum.
Bonus for holders bitcoins
All bitcoat holders that have their secret key during the fork (TBA block number) will receive a Bitomo Atom for 1 BTC = 1 BCA. You need to manage your Bitcoin private key to claim and broadcast Bitcoin Atom.
Bitcoin Atom is a plug-in fork with a basic protocol update, which will occur in mid-December (TBA block number). On a predefined block number, the original BTC block will be attached to the BCA, and any transactions made since then will be completely separate in the Bitcoin and Bitcoin Atom networks. At that time Bitcoin Atom will live on the network and become fully functional cryptographic.
Specification
- Ticker Symbol:
- Maximum BCA: 21 million
- Distribution: mining, chasing, claim
- PoW algorithm: SHA256
- Interval of PoW interlock: 10 minutes
- PoS interlock interval: 10 minutes
- Unit size (actual): 1M (2–4M)
- Correction of complexity: 2 weeks
- Average confirmation time Tx: 5 minutes
- Exchange of atoms: Yes
- Segwit: Yes
- Repeat protection: Yes
- Unique address format: Yes
Road map
If you are interested in this project or want to learn more you can visit the website below :
- Website : https://bitcoinatom.io/
- Facebook : https://www.facebook.com/atombitcoin
- Twitter : https://twitter.com/atombitcoin/media
- Telgeram : https://t.me/bitcoinatom
- GitHub : https://github.com/bitcoin-atom
- Reddit : http://reddit.com/user/BitcoinAtom
- Slack : https://bitcoin-atom.slack.com/join/shared_invite/enQtMjgxMTQ5MTIyOTk3LWQ2MDg3MDMzZTZmNjQyMTFiOGU0NTc4NWE0NmJlN2Q1ZjhkNjQ4MjgxMGU5MWE0Mjg4ZGU1NWE3ZTY3NDQ4NGY
Author by: Hellokitty6
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