number of shortcomings.
Bitcoin Atom seeks to eliminate the existing shortcomings of Bitcoin by combining a hybrid consensus approach, atomic swaps on the chain through HTLC and their faster analog zippers. BCA will be the first crypto currency that adapts the Lightning network to payment channels and provides instant atomic swaps with a chain with a set of APIs AS and swap tools.
Short review
Bitcoin Atom (BCA) is the Bitcoin fork with SegWit support with atomic swaps on board and a hybrid consensus. Bitcoin Atom allows you to truly decentralize the exchange of digital assets, using hash-time contracts (HTLC) and your own HTLC API. This provides the holders of the ICA independence from intermediaries and any centralized facilities.
Bitcoin Atom team develops a special built-in toolkit designed for both atomic swaps on the chain and off-line, which allows you to easily and quickly switch to any cryptothermy in different chains. In 2018, it is planned to launch emergency swaps of the lightning network.
The exchange of assets directly between the chains without any intermediaries makes possible Atomic Swaps (AS), implemented through HTLC through the chain and through the Lightning Network (LN) network. This is called atomic cross-chain trading, which is based on the support of Bitcoin Atom, by providing an AS API and a set of internetworking utilities to Bitcoin's original software and deploying it to the BCA.
The Bitcoin Atom team expects that the Bitcoin Atom model will provide transparency for the digital assets trading, as attempts to outflow volume through atomic swaps on the chain will be detected by passive observers. This means that users can not display a small number of coins, and then hide a ton of counterfeit volume.
The BCA network is additionally provided by using the so-called hybrid consensus: the installed PoW and PoS models increase network stability and reduce the power of the miners, which reduces the probability of an attack by 51%. In addition to Proof-of-Work Proof-of-Work, Bitcoin Atom is not inflationary in terms of emissions, since PoS serves only to decentralize network capacity.
The maximum amount of BCA is equal to the original Bitcoin (21 million).
In the future, the BCA team plans to develop tools for creating inter-service trading chains, as well as integrating the LN model with over-the-counter swaps in Bitcoin Atom.
Specifications
Symbol: BCA.
Maximum output: 21 million ISA tokens.
Distribution: Mining, Minting, Claiming.
PoW algorithm: SHA256.
Interval of PoW interlock: 10 minutes.
Interval of PoS blocking: 10 minutes.
Block size (actual): 1M (2-4M).
Correction of complexity: 2 weeks.
Average confirmation time tx: 5 minutes.
Atomic swaps: Yes.
Segwit: Yes.
Playback protection: Yes.
Unique address format: Yes.
Benefits
1. You can get Bitcoin Atom absolutely FREE. To do this, you must either have access to personal keys in Bitcoin or hold Bitcoin on one of the exchange points or purses. Issuance of Bitcoin Atom will take place at the rate of 1 BTC = 1 BCA.
2. Bitcoin forks are currently very popular among Bitcoin users and investors. Bitcoin Atom has a great potential for obtaining significant value compared to other Bitcoin forks (Bitcoin Cash, Bitcoin Gold, Super Bitcoin) thanks to such an option as "Atomic swaps", which other forks do not have.
3. Bitcoin Atom creates Atomic Swaps to a block bitlock chain. This innovative technology simplifies trade and helps to fulfill Bitcombe's initial vision as a decentralized peer-to-peer technology and therefore attracts a lot of positive attention to the ICA.
4. If BTC is not available, Bitcoin Atom can be earned. You can join the Bitcoin Atom bonus campaign ( https://bitcointalk.org/index.php?topic=2567797 ) and promote the project through social networking channels, receiving a reward in the form of an ICA for this.
5. The possibility of Atomic Swap Bitcoin Atom should provide transparency for trading in digital assets, as attempts to drain volume through atomic swaps on the chain will be detected by passive observers. Thus, users will not be able to display a small number of tokens, and then hide a huge mass of fake ones.
In order to learn more about the ICA, and also about when the fork will take place, stay tuned!
Contact Information
Official website: https://bitcoinatom.io/
Branch on BT (Eng): https://bitcointalk.org/index.php?topic=2515675.0
Bounty BitcoinTalk branch: https://bitcointalk.org/index.php?topic=2567797.0
Telegram: http://t.me/bitcoinatom
Facebook: https://www.facebook.com/atombitcoin
Twitter: https://twitter.com/atombitcoin
GitHub: https://github.com/bitcoin-atom
My BitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=983544
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