BITCOIN ATOM (FORK) ATOMIC SWAP POWERED

BITCOIN ATOM (Fork) Atomic Swap powered

Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange – with on-chain atomic swaps on board. By using built-in hash time-locked contracts (HTLCs) and its own HTLC API, Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.

We believe that most cryptocurrency trades should be conducted on-chain in a decentralized way, as per the original Bitcoin’s approach to transacting in a completely trustless environment.

Atomic Swaps (AS), currently implemented via HTLCs on-chain and potentially via Lightning Network (LN) off-chain, bring an ability to swap assets directly between blockchains without any intermediaries involved. This ability is called atomic cross-chain trading, and we propose the Bitcoin Atom’s support for it at its core, by bringing AS API and a set of cross-chain trading utilities into the original Bitcoin core software and forking it into BCA.

Trading on centralized exchanges is a popular topic among cryptocurrency community members, especially with growing trading volumes and prices of cryptocurrencies, led by Bitcoin. However, the discussions can often revolve around the issues that exchange users face, due to the number and complexity of the steps involved, and the various issues that can arise.

The typical process of trading on third party exchanges includes the following steps:

1. registration

2. verification

3. verification processing

4. depositing your exchange account

5. placing an order

6. making withdrawal

7. withdrawal processing

8. receiving coins

All these steps can take a substantial amount of time, typically from 3 to 5 business days, depending on the exchange provider.

Now let’s take a closer look what is the process of exchanging cryptocurrencies via Atomic Swaps:

1. placing your order inside your node

2. receiving your exchanged cryptocurrency

You’re able to conveniently open your BITCOIN ATOM node and directly place a sell/buy order without any hassles or middlemen.

Key Advantages of Atomic Swaps Over Centralized Exchanges

• FASTER Trades

• ELIMINATE delays (caused by missing deposits/withdrawals, server downtime, etc.)

• RETENTION of your private keys, preventing the chance of losing your coins (i.e. Mt. Gox).

• MINIMIZE potential security breaches.

• KEEP your identity private (no verification process).

• DECENTRALIZE the whole trading process making it truly peer-to-peer.

• REDUCE trading fees to minimum.

By using built-in hash time-locked contracts (HTLCs) and its own HTLC API, Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.

PARTNERS

EXCHANGES

               

WALLETS

            

Bonus For Bitcoin Holders

All Bitcoin holders who possess their private keys at the moment of the fork (block number TBA) will receive Bitcoin Atom at the rate of 1 BTC = 1 BCA. You need to control your Bitcoin private keys in order to claim and transact Bitcoin Atom.

Bitcoin Atom is a fork of the Bitcoin blockchain with major protocol upgrades that will occur in mid-December (block number TBA). At the predetermined block number the original BTC blockchain will be forked into BCA, and any transactions made since then will be completely separate on Bitcoin and Bitcoin Atom networks. At that moment, Bitcoin Atom will go live on mainnet and become a fully functional cryptocurrency.

Specification

• Ticker Symbol: BCA
• Max Supply: 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)
• Difficulty adjustment: 2 Weeks
• Avg tx confirmation time: 5 Minutes
• Atomic swaps: Yes
• Segwit: Yes
• Replay protection: Yes
• Unique address format: Yes

Project's core values: Independence, Decentralization and Transparency

For additional information, please visit

Bitcoin Atom’s website https://bitcoinatom.io/

1. Bitcoin Atom's ANN: Click Here
2. Bitcoin Atom's Bounty: Click Here
3. Media / Info
4. facebook.com/atombitcoin
5. twitter.com/atombitcoin
6. medium.com/@bitcoinatom
7. reddit.com/user/BitcoinAtom
8. github.com/bitcoin-atom
9. bitcoin-atom.slack.com

BTT : https://bitcointalk.org/index.php?action=profile;u=1103736