BITCOIN ATOM
The exponential growth of the crypto currency and the obstacles and obstacles it faces needs attention to make other people's lives in the world easier and make them believe in system efficiency. Crypto currency or digital currency has become an attraction for dealers, businesses and individuals around the world because of their unique and innovative concept behind this specially designed currency. The industry is worth billions of dollars with an estimated intersection of 7.1 trillion USD by the end of 2021. This early adaptation of the digital currency leads to the removal of barriers by presenting the best solution of challenges and problems in the sector, and one of them is the crypto currency exchange without third party involvement. The solution we will present is the Bitcoin Atom platform.
Here's what Bitcoin Atom explains:
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 number of blocks, the original BTC block will be attached to BCA, and any transactions made since then will be completely separate on the Bitcoin and Bitcoin Atom networks.
Bitcoin Atom discusses issues that are currently gripped by the world's most famous Blockchain. Of course it is Bitcoin. Bitcoin has since emerged from the scene, revolutionized, for having removed the mediators from the whole story, the fact that instant and inexpensive transactions have taken place, and the inability to resist the currency. All of this inspires the expansion we see today.
Bitcoin Atom (BCA) presents a completely decentralized way to exchange digital assets - with the exchange of chain atoms on board. 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.
Bitcoin Atom will play a key role in the lives of traders trying to sell and buy things at the same time. Currently crypto currencies alike stop trading digital assets or delay the process to the extent to which the parties fall into potential losses. It is this factor which is the main attraction for us to launch our system to market so that people and businesses do not need much waiting to process their transactions on-chain or off-chain.
Many larger exchanges have agreed to undergo a verification process and request BCA for the purpose of direct exchange of crypto currency without requiring third parties in a truly trustworthy manner.
Peer-to-peer technology has made the Bitcoin Atom platform more reliable and secure to conduct transactions while the implementation of time-locked hash contracts allows block and crypto-trader users to exchange and trade crypto currency without requiring crypto currency exchange. The direct interaction between the two parties involved leads to the preparation of the agreement, ultimately executing a time-locked hash contract and ensuring that transactions are processed quickly and safely.
Another major impact that the Bitcoin Atom system will bring is the elimination and elimination of intermediaries to process transactions and exchange of money. Bitcoin Atom will reduce the very low level of transactions of all other existing systems. Many crypto currencies claim to be the cheapest but the reality is not as described and claimed. They charge a fee for every transaction made using their platform, not only that, but also take their share in every addition of deposit and withdrawal of money from user accounts. Following this strategy clearly shows more money for crypto exchange and less money for valuable users as they pay a lot of fees for the smaller professional procedures and services they get from this crypto exchange platform. Trading on centralized exchanges is a popular topic among members of the cryptocurrency community, especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the issues facing exchange users, due to the number and complexity of the steps involved, and the various issues that can arise. especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the issues facing exchange users, due to the number and complexity of the steps involved, and the various issues that can arise. especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the issues facing exchange users, due to the number and complexity of the steps involved, and the various 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
- the withdrawal process
- receive coins
All of these steps can take a lot of time, usually from 3 to 5 business days, depending on the exchange provider.
Now let's take a closer look at what the crypto exchange process is going through Atomic Swaps: - Place your order inside your knot
- accept your Kripto Distractions
You can easily open your BITCOIN ATOM node and immediately place a sell / buy order without any hassles or intermediaries.
Key Benefits of Atomic Swap Above Centralized Stocks
Better Trade
REMOVING 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 really 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 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.
Specification
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)
Difficulty adjustment: 2 weeks
Average Tx confirmation time: 5 Minutes
Swap atoms: Yes
Segwit: Yes
Re-protection: Yes
Unique address format: Yes
Roadmap
Some Resources For Reference:
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Author: siska55
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1662258