What is Bitcoin Atom?
Bitcoin Atom discusses issues that are currently gripped by the world's most famous Blockchain. Of course it is Bitcoin. Bitcoin has since emerged from the scene, revolutionized, for having removed the mediators from the whole story, the fact that instant and inexpensive transactions have taken place, and the inability to resist the currency. All of this inspires the expansion we see today.
Anyone interested in cryptomir knows that the main Bitcoin crypto currency not only has positive characteristics, but also some shortcomings.
Bitcoin Atom seeks to eliminate existing Bitcoin deficiencies by combining a hybrid consensus approach, the exchange of atoms on the chain through HTLC and their faster analogue zipper. BCA will be the first crypto currency that adjusts Lightning's network with payment channels and provides instant atom swaps with one chain with a set of US tools and an API swap.
Trading on centralized exchanges is a popular topic among members of the crypto-kurra community, especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the problems faced by exchange users, due to the number and complexity of the steps involved, and the issues that can arise
Typical trading processes on third-party exchanges include the following steps:
1. Registration
2. Verification
3. Verification process
4. Deposit your exchange account
5. Make a reservation
6. Withdrawal
7. The withdrawal process
8. Receive coins
All these steps can take a lot of time, usually from 3 to 5 business days, depending on the exchange provider.
Now let's take a closer look at the crypto exchange process that is being done through Atomic Swaps:
1. Place your order inside your knot
2. accept your Crypto interruption
Bitcoin Atom will create a Bitcoin network snapshot, and based on this data, lends Bitcoin Atom to everyone who at that time has Bitcoin at that address. You will be credited 1: 1, so for every Bitcoin you have in Force, you will get one Bitcoin Atom. Fork is scheduled for January 2018.
Bitcoin Atom will introduce so-called atomic substitutes. These are transactions on cryptographic valves that occur directly on blockchain, or without exchange of shares! This will be done using the AS API and a cross-chain tool that will be added to the Bitcoin core code. Another interesting thing about Bitcoin Atom is the Proof of Work (POW) system, it is a mixed system with Proof of Stake (POS). POS no longer decentralizes the network. As for the specifications of Bitcoin Atom, the same as in Bitcoin. There will be a total of 21,000,000.
The Atom Bitcoin project is a fruit team led by professional engineers. In addition there are many developers, designers, architects and other marketing experts who assist them in project work. Together they have the knowledge they need to overcome the challenges that exist in their journey. Many projects lack the skills and variety of people like this project.
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
What are the Bitcoin Atom Benefits ?
1. You can get Bitcoin Atom for FREE. To do this you must have access to a private key in Bitcoin or hold Bitcoin at either an exchange point or wallet. Bitcoin Atom Publishing will take place at level 1 BTC = 1 BCA.
2. Bitcoin forks are currently very popular among Bitcoin users and investors. Bitcoin Atom has great potential to gain significant value compared to other Bitcoin inks (Bitcoin Cash, Bitcoin Gold, Super Bitcoin) thanks to options such as "swapping atoms", which do not have other forks.
3. Atom Bitcoin creates Atomic Swaps into blocks block chain. This innovative technology simplifies trade and helps fulfill Bitcombe's early vision of a decentralized peer-to-peer technology and therefore attracted a lot of positive attention to the ICA.
4. If BTC is not available, Bitcoin Atom can be obtained. You can join the Bitcoin Atom Bonus Campaign and promote the project through a social networking channel, receive a gift of ICA for this.
5. Possibility of Atomic Swap Bitcoin Atom must provide transparency for the trading of digital assets, because the effort to drain volumes through the exchange of atoms in the chain will be detected by passive observers. Thus, users can not display a small number of tokens, and then hide a lot of fake ones.
Token Details
Here is the details about Bitcoin Atom Token :
- Symbol: BCA
- Maximum Total Supply: 21 million
- Distribution: Mining, minting, and claiming
- PoW Algorithm: SHA256
- PoW Block Interval: 10 minutes
- PoS Block Interval: 10 minutes
- Actual Block Size: 1MB (2 to 4MB upgrades possible)
- Difficulty Adjustment: Every 2 weeks
- Average Transaction Confirmation Time: 5 minutes
- Atomic Swaps: Yes
- SegWit: Yes
- Replay Protection: Yes
- Unique Address Format: Yes
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.
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