Bitcoin atom is a novice platform which looks forward to offer a decentralized network. This platform will also enhance digital trade. As per the definition, digital exchange deals with the concept of sharing the assets, following the principle of digital exchange.
For the laymen, the question arises, “How is this even possible?” To this obvious question, the experts’ answer that this process of asset exchange is made possible with the help of hash time-locked contracts, also known as HTLCs.
Similarly, other potential investors ask that, “Why and how will it help?” To this question, the answer comes from the experts in a very simplified manner, they say, these HTLCs contracts would first of all help in eliminating any centralized medium that works as a harbinger. This step will ease the process by making it more flexible for the exchange between different networks. The exchanges that will take place through these swaps will be time saving and sorted. This is why there will be an upper and from these centralized exchanges.
So you as user, can easily place your order and within a jiffy and receive the exchanged crypto. This is as easy as eating a cake, right?
“One of a kind” Model:
Almost everyone knows that cryptocurrencies use either PoW or PoS. The most beneficial thing about Bitcoin atom is that it uses both of these which make it a hybrid mix. This combination brings us to two results, mainly:
• The increase in network stability.
• The decrease in influence of miners.
This is the reason why the Bitcoin atom is termed as a hybrid and unique model.
Motto and vision:
The most distinguishing feature of this platform is that Bitcoin Atom project has the features of atomic swaps. This is also sometimes called as cross chain swaps.
An atomic swap is a very ambiguous term to understand. Basically, an atomic swap or a cross chain atomic swap is a smart contract that is powered by crypto. All that this does is creates a direct and an immensely trustless mode of exchange between two parties.
This makes a lot of things possible. With the help of atomic swap, exchanging tokens between one another becomes quite easy. It also discards the need for a third party.
Benefits of Bitcoin Atom:
The reasons for investing in this platform are many. Some of them are listed below:
- Free, free, free: This is one of the most favorite lines of all times. The BCA is completely free and all that it needs in return is a Bitcoin Private Key. If this doesn't work out, then you can exchange BCA with your Bitcoin by using your wallet and at the rate of 1 BTC = 1 BCA.
- Let’s you earn BCA: this platform allows trading even if the users don’t own a bitcoin. The bitcoin bounty campaign will give the privilege to all the members to earn their own Bitcoin Atom (BCA). This process doesn't makes it mandatory to have a BTC. Transparency Ensured: All the swaps that are made on the platform are easily detectable. Consequently, creating fake coins in a huge amount would become impossible for the ones participating in the process with their little number of coins.
Conclusion:
Doubtlessly, Bitcoin Platform has caught all the eyes. Its most distinguishing features have won all the hearts.
The reason for so much attention is the potential. The platform ensures that it wipes off the crypto problem completely from the world. It has eliminated the need for centralized exchanges and everything will become totally decentralized. This will reduce hacks, exchange issues, and many more.
The world of cryptocurrency will totally be revolutionized after the launch of this platform.
For more details visit
Website : https://bitcoinatom.io/
Telegram : https://t.me/bitcoinatom
Twitter : https://twitter.com/atombitcoin
By:karanj
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1030341