Bitcoin has spawned a unique method of recording all financial transactions that occur without the need to rely on the existing banking system. The technology is known as ‘Blockchain’. No matter how successful the digital currency is, the technology that drives it is very important. One minister in the world even states that Blockchain can make the central bank regarded as something old or no longer needed.
After we know a little about what is blockchain we will review about one of the innovative projects that is Bitcoin Atom
What Bitcoin Atom
Bitcoin Atom (BCA) is Segwit which activates Bitcoin forks with on-chain atomic swaps on board and hybrid consensus. Atomic Bitcoin enables the exchange of decentralized digital assets by utilizing the time-locked hash contract (HTLC) and its own HTLC API, providing freedom from intermediaries and centralized entities.
Bitcoin Atom discusses issues that are currently dominated by the world’s most famous blockchain. 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.
The Atomic Bitcoin development team is working on a special toolkit for on-chain and off-chain network swaps, which enables the exchange of all crypto in inconvenient paths across different blocks. The off-chain lined lightning network is scheduled to launch in 2018.
Atomic Swaps:
1. Place your order inside your knot
2. 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
Key Benefits of the Atom Swap Above Better Trading Central Stock Deleted (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
- Distribusi: Mining, Minting, Claiming
- PoW algorithm: SHA256
- PoW Block Interval: 10 Menit
- PoS Block Interval: 10 Minutes
- Block size (actual): 1M (2–4M)
- Difficulty adjustment: 2 weeks
- Average Tx confirmation time: 5 Minutes
- Swap atom: Ya
- Followed: Ya
- Re-protection: Yes
- Unique address format: Yes
RoadMap
Thank you for taking the time to read the Bitcoin Atom review. to know more about Bitcoin Atom can visit the site below:
- Website: https://bitcoinatom.io/
- ANN THREAD: https://bitcointalk.org/index.php?topic=2515675.0
- Facebook: https://www.facebook.com/atombitcoin
- Twitter: https://twitter.com/atombitcoin
- Telegram: http://t.me/bitcoinatom
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1523483
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