Bitcoin Atom (Fork) - Atomic Swap
More and more people want to follow the revolution on blockchain, Blockchain technology is showing rapid progress to date, everyone is enthusiastic and recognizes the new innovations that some crypto startup team
One is Bitcoin Atom, Bitcoin Atom discusses issues that are currently gripped by the world's most famous Blockchain. Of course it is Bitcoin. Bitcoin has since evolved 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 this inspires the extensions we see today. Below we will explain some details about Bitcoin Atom.
What is Bitcoin Atom?
Bitcoin Atom is a branch of Bitcoin itself, 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, giving 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.
The US model Bitcoin Atom is expected to bring transparency to digital asset trading, as efforts to increase volume through the exchange of chain atoms will be detectable by passive observers. This means that users can not appear with a small number of coins and then make a ton of false volumes in disguise.
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. Despite having a Proof of Stake other than Proof of Work, Bitcoin Atom is not inflation in terms of emissions because PoS serves only the purpose of decentralizing network strength. Max BCA supply remains the same as the original Bitcoin (21M).
Implementation
The core value of the project: Independence, Decentralization and Transparency
Bitcoin Atom is a branch of Bitcoin blockchain with major protocol upgrades that will occur in January (block number 505 888). 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.
All Bitcoin holders who have their private key at the time of fork (block number 505 888) will receive Bitcoin Atom for 1 BTC = 1 BCA. You need to control your Bitcoin private key to claim and transact Bitcoin Atom.
Furthermore, the BCA team will focus on developing the cross-atom trade chain toolkit, as well as integrating the LN model with off-chain exchanges to Bitcoin Atom. A roadmap that includes this milestone can be found on the official BCA website (see below).
Bitcoin Atom Specification
Symbol Ticker: BCA
Max Supply: 21 Million
Distribution: Mining, Minting, Claiming
Algorithm PoW: SHA256
Block Interval PoW: 10 Minutes
PoS Block Interval: 10 Minutes
Block Size (actual): 1M (2-4M)
Adjustment difficulty: 2 weeks
Time average confirmation: 5 Minutes
Swap atom: yes
Segwit: Yes
Protective: Yes
Unique address format: Yes
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.
Map of Bitcoin Atom Road
Website
bitcoinatom.io
bitcoinatom.net
bitcoin-atom.org
btcatom.org
Media / Info
t.me/bitcoinatom
facebook.com/atombitcoin
twitter.com/atombitcoin
medium.com/@bitcoinatom
reddit.com/user/BitcoinAtom
github.com/bitcoin-atom
bitcoin-atom.slack.com
en.wikipedia.org / wiki / Bitcoin_Atom
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1165540
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