Bitcoin Atom - Decentralized Asset Exchange On The Swap Atomic Lightning Network

Bitcoin Atom: Decentralized Asset Exchange on the Swap Atomic Lightning Network - Did you know about Bitcoin Atom? Bitcoin Atom discusses issues that are currently dominated by the most famous blockchain in the world. Of course Bitcoin. Bitcoin has revolutionized the field by removing moderators from the whole story, making direct and cheap deals, and the fact that they can not fight the currency. All this inspires the expansion we can see now.

Bitcoin Atom (BCA) offers a truly decentralized way to exchange digital assets. Bitcoin Atom tries to disrupt the current mode of exchange of emergency passwords, which provides central brokers and centralized entities with built-in hash key contract (HTLC) and its own HTLC API.

The Bitcoin Atom team believe that most cryptococcal transactions should be conducted in a distributed chain, in accordance with the original Bitcoin approach for handling in completely unreliable environments.

Carried out through off-chain lightning (LN) networks via an on-chain HTLC network, Atomic Swaps (AS) provides the ability to exchange assets directly between blockbars without intermediate intervention. This feature is called cross linking atoms and essentially suggests Bitcoin Atom support by importing the US API and a set of cross-transaction utilities into the original Bitcoin core software and transferring them to BCA.

Foreign exchange trading is a popular topic among members of the crypto-kurra community. In particular, transaction prices and Bitcoin encryption are increasing. However, discussions can be centered around the issues facing the exchange user due to the number and complexity of the steps involved and possible problems.


The general transaction process for third-party transactions includes the following steps
  • Registration
  • Confirmation
  • Verification Process
  • Deposit to account
  • Booking
  • Withdrawal
  • Withdrawal Procedures
  • Coin receipt
All of these procedures may take 3-5 business days, depending on the exchange. Let's take a closer look at the process of exchange of encryption through atomic exchange.
  • Place the order inside the knot.
  • Accept encryption abort.
Bitcoin Atom nodes can be opened easily and sales / purchase orders can be made immediately without interruption or intermediation.


Key Benefits of Atomic Exchange on Central Stocks
  • Better trade.
  • Delete delay (due to lost deposit / withdrawal, server downtime, etc.).
  • To protect against possible loss of coins, keep a private key (eg Mount Gox).
  • Minimize potential security breaches.
  • Keep your personal identity (without any verification process).
  • It's very peer-to-peer because the whole transaction process was held in December.
  • Reduce transaction costs to a minimum.


Bitcoin Atom Features

Hybrid Consensus

The BCA network is also secured by utilizing a hybrid consensus called: both PoW and PoS models are installed, increasing network stability and reducing the miner's power, thus lowering the probability of 51% attacks.

Lightning swap network

The Bitcoin Atom development team is working on an LN implementation, enabling instant exchange of goods from off-chain chains. LN deals are cheaper, more useful for smaller transactions and have better privacy properties.

Powered by Atomic Swap

By using its built-in hash time-locked contract (HTLCs) and its own HTLC API, Bitcoin Atom tries to interfere with the way we exchange current cryptocurrencies, providing freedom from intermediaries and centralized entities.

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 blockchains without the intermediaries involved. This capability is called the cross-linking of atoms, and we propose Bitcoin Atom support for it at its core, by bringing the US API and a set of cross-trade utilities to the original Bitcoin core software and shipping it to BCA.


Bitcoin Atom Wallet

Bitcoin Atom has Partners in Exchange:
  • OKEX
  • YObit.net
  • SECRET

Bonus

Forks for holders in Bitcoin (Block TBA number) All Bitcoin holders with private key when receiving Bitcoin Atom for BTC = 1 BCA. Bitcoin To own and exchange Atom, you must control Bitcoin private key.

Bitcoin Atom is a Bitcoin chain fork fork with major protocol upgrades in mid-December (TBA block number). At the block number specified, the original BTC block is connected to BCA, and all subsequent transactions are completely isolated from the Bitcoin and Bitcoin Atom networks. Bitcoin Atom then lives on the mainnet and becomes a full featured password.


Specification

Symbol Ticker: BCA
Max BCA: 21 million
Distribution: Mining, Mint, Cost
PoW Algorithm: SHA256
Blocking intervention PoW: 10 minutes
Block PoS interval: 10 minutes
Block size (actual): 1M (2-4M)
Adjustment Difficulty: 2 weeks
Avg. Tx Confirmation Time: 5 minutes
Atom Conversion: Yes
Here: Yes
Re-protection: Yes
Unique address format: Yes


Roadmap

Conclusion

Well that's a little explanation and information about Bitcoin Atom, so in conclusion, Bitcoin Atom Project is the result of a team of professional engineers. There are many developers, designers, architects, and other marketing professionals who assist this project. Together they have the necessary knowledge to get all the challenges. Many projects lack knowledge and many people love this project.

This project is very interesting and we have provided basic information here. We have tried to bring this promising project to you, but to get the last details of all the information, see the official blog that is very detailed and easy to understand. You are an expert or budding block technology. You can find it here: https://medium.com/@bitcoinatom.

There is nothing we want to do for the people we support this project and also for those who support it. Bitcoin Atom has a real preference for the currency market is encrypted, and we are confident that this will be a perfect success. You should go to https://bitcoinatom.io/ and find everything that matters.

Bitcointalk is the place to find the best information and opinions about this project, but you can ask questions. Then the people who work on the project will be willing to answer or help you as needed. Project presentation thread: https://bitcointalk.org/index.php?topic=2515675.0

You can also join the so-called bounty program. In other words, you can support your project through social networking, helping entrepreneurs to translate, create blogs, and participate in signing campaigns. For more information, please visit https://bitcointalk.org/index.php?topic=2567797.0
Further information:


Author: 
Bitcointalk Username: Bredd6767
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1204015
BTC Wallet Address: 1Hmp4iHpmGw4JCUPPnkPsvdLgoN7uWnsk8

Add your massage to every single people do comment here!

Click to comment