BITCOIN ATOM - EVOLVED BITCOIN WITH ATOMIC SWAPS AND LIGHTNING NETWORK
website : https://bitcoinatom.io/
Bitcoin Atom presents a totally decentralized approach to trade advanced assets — with the trading of chain atoms on board. By utilizing its implicit hash time-bolted contract (HTLCs) and its own HTLC API, Bitcoin Atom tries to meddle with the way we trade current cryptocurrencies, giving flexibility from delegates and incorporated elements.
The Blockchain Revolution makes the correct oversight on the planet. Gradually news about cryptocurrency showed up in the prevailing press. An ever increasing number of individuals need to go to this progressive occasion that isn’t obvious consistently. Blockchain innovation gives uncommon advance in the procedures we know today, changing each part of business and life that we live. It has been perceived by individuals who are eager and assembled in groups and are doing creative crypto new companies. Along these lines, the lost foundation in the crypto world is involved, however it likewise demonstrates the estimation of use control managed by this imaginative innovation.
One of these crypto new companies is unquestionably Bitcoin Atom. Bitcoin Atom examines issues that are as of now grasped by the world’s most acclaimed Blockchain. Obviously it is Bitcoin. Bitcoin has since risen up out of the scene, altered, for having expelled from the entire story, the way that moment and modest exchanges have occurred, and the failure to oppose the cash. The greater part of this rouses the extension we see today. However, decentralized innovation isn’t destined to be esteemed in a brought together securities exchange, which is regularly the subject of hacking or rot. They are additionally hesitant to utilize the group on them of late. Many presently disallow making new records for clients. This will expel Bitcoin Atom. Bitcoin Atom will make a Bitcoin arrange preview, and in light of this information, loans Bitcoin Atom to everybody who around then has Bitcoin at that address. You will be credited 1: 1, so for each Bitcoin you have at Force, you get one Bitcoin Atom. The Fork is planned for January 2018. Bitcoin Atom will present supposed nuclear substitutes. These are exchanges on cryptographic valves that happen specifically on blockchain, or without trade of offers! This will be finished utilizing the AS API and a cross-chain apparatus that will be added to the Bitcoin center code. Another fascinating thing about Bitcoin Atom is the Proof of Work (POW) framework, it is a blended framework with Proof of Stake (POS). POS is no more to decentralize the system. With respect to the determinations of Bitcoin Atom, the same as in Bitcoin. There will be an aggregate of 21,000,000.
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.
Bitcoin Atom’s AS model is expected to bring transparency to digital asset trading, as attempts to churn volume via on-chain atomic swaps will be detectable by passive observers. This means that users cannot show up with a small amount of coins and then create a ton of fake volume covertly.
BCA network is additionally secured by utilizing the so-called hybrid consensus: both PoW and PoS models are put in place, increasing network stability and reducing the power of miners, hence lowering the 51% attack probability. Despite having Proof-of-Stake in addition to Proof-of-Work, Bitcoin Atom is not inflationary in terms of emission as PoS only serves the goal of decentralizing network power. Max supply of BCA remains the same as of the original Bitcoin (21M).
Project's core values: Independence, Decentralization and Transparency.
Implementation
Bitcoin Atom is a fork of the Bitcoin blockchain with major protocol upgrades that will occur in January (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.
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.
Subsequently, the BCA team will focus on atomic cross-chain trading toolkit development, as well as integrating the LN model with off-chain swaps into Bitcoin Atom. The roadmap covering these milestones will be published separately.
Specifications
Scores are called BCA and are specifically made for use in this project. There will be a total of 21 000 000 in circulation. They are distributed by mining, minting and claiming. They use the PoW algorithm SHA256. Look at the picture below to see which stock exchanges you will participate in:
You can participate in marketing campaigns such as social media campaigns, various translations and signature campaigns.
To find out more about this project, read the blog that contains all the information about the project. You can find it here: https://medium.com/@bitcoinatom
Ticker Symbol: BCAMax 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
Security breaches
The irony of these hacks is that cryptocurrencies, as decentralized, trustless monies, should be more secure than their fiat counterparts. History has proven otherwise. This is because cryptocurrencies that are traded through exchanges have neither decentralization nor a trustless protocol. Instead, investors rely solely on a centralized authority to secure their investments.
Sensing the need for greater security, Bitcoin Atom (BCA), a SegWit enabled Bitcoin fork, is creating a network that removes the need for centralized parties when exchanging cryptocurrencies.
They plan to do this via atomic swaps, which allow individuals to exchange digital coins directly between different blockchains. Not only will this model bring transparency to cryptocurrency trading, it will also secure the network from centralized parties.
The Greatest Threat Within the Crypto Community
Cryptocurrency exchanges mean well, and undoubtedly none of them enjoy being hacked. Unfortunately, good intentions alone don’t prevent hacks like those described above from happening. The fundamental problem with cryptocurrency exchanges is their centralization. There is one entity that operates the exchange, secures the network, and managers the flow of funds.
Additionally, these exchanges need to be connected to other centralized entities like banks and credit card companies because users must provide financial information when registering an account. This means that when a cryptocurrency exchange is hacked, both crypto and traditional assets are at risk.
The end result is that all users who trade on exchanges rely on them, i.e. trust in them. It is the centralized exchange that stores private financial information and makes a market for cryptocurrencies. When investors use exchanges, they place their full trust in the exchange. Cryptocurrency exchanges are no different from banks that consumers trust to clear transactions, safeguard deposits, and process payments.
The Greatest Threat Outside the Crypto Community
Cryptocurrency exchanges also open up a way for other centralized authorities to get involved. Many exchanges require users to register a bank account with their newly created account. By connecting the bank account with the exchange, users now have to trust two centralized parties. In some cases, banks delay or even block transfers to exchanges, resulting in a miserable experience for investors.
In other cases, federal authorities and regulators like the IRS order exchanges to turn over user transaction records. Though exchanges can fight governmental overreach, it’s often futile, as government agencies possess much more power. By connecting the crypto world with the fiat world, exchanges often do more harm than good.
How Bitcoin Atom Solves These Problems
By eliminating the need for centralized exchanges by using atomic swaps, Bitcoin Atom will already make cryptocurrency transactions much more secure. What’s more, when transacting directly on the network, users will only have to sign the transactions with their private key, which is never revealed. Thus in contrast to traditional cryptocurrency exchanges, users of the Bitcoin Atom network never have to give up their personal information.
Whereas traditional exchanges request and secure a variety of private data as a part of their verification process, no verification process is necessary on the Bitcoin Atom blockchain. The entire trading process is decentralized from start to finish. Even if the blockchain were compromised, which is nearly impossible as the network runs on a hybrid Proof of Work / Proof of Stake protocol, no personal information would be at risk.
The Bitcoin Atom network is rumored to happen sometime early 2018, and is receiving support from Coinomi. The promise of secure, truly decentralized trading should excite all cryptocurrency enthusiasts.
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.
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 (BCA) futures started trading today, January 12, 2018, on Yobit at https://yobit.net/en/trade/BCA/BTC, to be followed soon by Exrates and other exchange partners.
BCA futures are currently trading at approximately 0.1 BTC per 1 BCA, or roughly $1350 at current BTC price.
All BTC holders who possess private keys or store BTC with one of our partners will receive 1:1 Bitcoin Atom (BCA) at the time of the fork (expected at block 505 888).
Bitcoin Atom (BCA) is a SegWit enabled Bitcoin fork with atomic swaps, hybrid consensus and lightning network.
Bonus
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 fork of blockchain Bitcoin with a major protocol upgrade that will occur in mid-December (block number TBA). On a predetermined block number, the original BTC block will be attached to the BCA, and any transactions made since then will be completely separate on the Bitcoin and Bitcoin Atom networks. At that time, Bitcoin Atom will live on the mainnet and become a fully functional crypto.
Road Map
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Bitcoin Atom (BCA) 1:1 Fork Featuring
═ SegWit
═ Atomic Swaps
═ Hybrid Consensus
═ Lightning Network
Partner
⚡️Exchanges═ OKEX
═ YoBit
═ Exrates
═ More TBA
⚡️Wallets
═ Coinomi
═ Bitcoin Atom
═ MyAtomWallet
═ ESR Wallet
═ More TBA
Join BCA Community: t.me/bitcoinatom 👈
For More Information About Bitcoin Atom Please Visit :
My Bitcointalk username : Liana Kurniawan
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