Bitcoin Atom
Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange with on-chain atomic swaps on board.
Introduction
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).
HYBRID CONSENSUS
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.
LIGHTNING NETWORK SWAPS
Bitcoin Atom development team is working on the LN implementation, allowing for instant off-chain atomic swaps. LN transactions are cheaper, more useful for smaller transactions and have better privacy properties.
ATOMIC SWAP POWERED
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.
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.
Specification
Ticker Symbol: BCA
Max 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
5 Reasons Why You Should Claim Your Bitcoin Atom
- It’s completely for FREE.
- Bitcoin Atom has great potential to gain substantial value.
- Bitcoin Atom brings Atomic Swaps to the Bitcoin blockchain.
- Bitcoin Atom has a bounty campaign, and you can earn BCA.
- Bitcoin Atom’s atomic swap capability is expected to bring transparency to digital asset trading.
Wallets:
Coinomi
Bitcoin Atom (full node)
MyAtomWallet (web wallet)
More TBA
Bitcoin Atom (BCA) Futures Now Listed on CoinMarketCap
Bitcoin Atom Futures Trading Now
Bitcoin Atom Futures trading details are now available on CoinMarketCap, at https://coinmarketcap.com/currencies/bitcoin-atom/
Current prices indicate a strong futures market for Bitcoin Atom, along with the the potential for strong market reception at the time of the fork, which will take place before the end of January (exact block and date TBA).
To trade Bitcoin Atom Futures now, you can easily set up an account on YoBit at https://yobit.net/en
For More Info:
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
ANN: https://bitcointalk.org/index.php?topic=2515675.0
Written by:
jatinjax
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1159246