Hellow,,,
on this occasion I will explain about and detail a project named BITCOIN ATOM (BCA), and here is an explanation:
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).
What is Bitcoin Atom(BCA)???
Bitcoin Atom (BCA) is a SegWit enabled Bitcoin fork with atomic swaps, hybrid consensus and lightning network.
Implementation
Bitcoin Atom is a fork of the Bitcoin blockchain with major protocol upgrades that will occur in January (block number 505 888). 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 505 888) 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 can be found on the official BCA website (see below).
Project’s core values bounty bitcoin atom coposed is:
- Independence
- Decentralization
- Transparency
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
Key Benefits of the Atom swap above centered stock
- Better Trade.
- DELETE 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 very peer-to-peer.
- REDUCE trading costs to a minimum.
WE ARE CREATING A TRULY DECENTRALIZED BITCOIN
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.
This project seems very interesting and here we provide you with basic information.
We try to bring you closer to this promising project, but to know all the information, to the level of detail, we recommend that you see official blogs, very detailed and clear to understand, you are an expert or a beginner. in blockchain technology, which can be found at the following link: https://medium.com/@bitcoinatom
Bounty Campaign
You can also participate through the so-called bounty program. This means you can support projects through social networks, help founders in translations, blogs, participate in signature campaigns, etc. For more information see: https://bitcointalk.org/index.php?topic=2567797.0
Bitcointalk
is a place where you can find the best information and people’s opinions on this project, but you can also ask questions and the people who work on the project will be happy to answer or help you if needed. Thread with project announcement: https://bitcointalk.org/index.php?topic=2515675.0
There is nothing else we want to do for those who work on this project, and also those who will support it. Bitcoin Atom brings the true preference to the crypto currency market and we believe it will be a complete success, and you should not forget to go to https://bitcoinatom.io/ and find out everything you’re interested in.
Partners
ROADMAP
For More Information :
Website : https://bitcoinatom.io/
Facebook : https://web.facebook.com/atombitcoin?_rdc=1&_rdr
Twitter : https://twitter.com/atombitcoin
Telegram : https://t.me/bitcoinatom
ANN THREAD : https://bitcointalk.org/index.php?topic=2515675.0
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1109350
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