About Bitcoin Atom
Bitcoin Atom is a proposed bitcoin fork including nuclear swaps, cross breed agreement, and Lightning Network bolster. The hard fork is recorded under the image BCA. It will be traded 1:1 with bitcoin.
The objective of Bitcoin Atom is to convey genuine decentralization to the universe of bitcoin. To do that, Bitcoin Atom's advancement group has utilized highlights like inherent hash time-bolted contracts (HTLCs) and its own HTLC API so as to upset the way we trade digital forms of money, giving freedom from middle people and brought together elements (like trades).
Nuclear swaps, then, enable clients to swap resources straightforwardly between blockchains without the requirement for a go-between. You can swap Litecoin and Bitcoin Atom, for instance, without surrendering control up to the minute your Bitcoin Atom leaves your wallet and your accomplice's Litecoin touches base in your wallet. This expels the requirement for trades.
The final product is a more straightforward sort of computerized resource exchanging. Any endeavors to stir volume utilizing on-chain nuclear swaps will be noticeable by detached eyewitnesses. That implies clients can't appear with few coins, at that point make a huge amount of phony volume secretively.
In view of these and different advantages, Bitcoin Atom imagines a brilliant future. The hard fork for Bitcoin Atom propelled in mid-December. We should investigate how it functions.
How Does Lightning Network Hard Fork Bitcoin Atom Work?
Bitcoin Atom's system is secured utilizing crossover accord, which implies both PoW and PoS models are set up, expanding system solidness and lessening the energy of mineworkers. This brings down the assault likelihood by 51%.
Regardless of having confirmation of stake and verification of work, be that as it may, Bitcoin Atom isn't inflationary as far as its outflow: PoS just serves the objective of decentralizing system control. the greatest supply of BCA continues as before as the first bitcoin (there are 21 million BCA).
The Bitcoin Atom hard fork happened in mid-December. Any bitcoin holders who held bitcoin before the hard fork possess a proportionate measure of Bitcoin Atom. You will get Bitcoin Atom at a rate of 1 BTC = 1 BCA.
The coins are appropriated through mining, stamping, and guaranteeing.
You would already be able to assert your Bitcoin Atom. As of December 25, wallet producer Coinomi has reported help for Bitcoin Atom. Bitcoin Atom wallet clients who hold bitcoin (BTC) can assert BCA by means of their Bitcoin Atom wallet. Coinomi has done likewise for the past Bitcoin Cash (BCH) and Bitcoin Gold (BTG) forks, and it was the primary wallet to help those hard forks also – so it bodes well they would bolster Bitcoin Atom.
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
Key Benefits of Atomic Swap Above Centralized Stocks
- Better Trade
- REMOVING 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 really peer-to-peer.
- REDUCE trading costs to a minimum.
- 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.
Conclusion
Bitcoin Atom, or BCA, is a Segwit-enabled bitcoin fork featuring on-chain atomic swaps, the Lightning Network, and a decentralized consensus mechanism that combines PoW and PoS. It’s a unique project that also utilizes has time-locked contracts, or HTLCs, and its own HTLC API to create “true” decentralization and independence.
Bitcoin Atom was originally scheduled to launch with a hard fork in mid-December. Then, the date moved to late December. As of December 29, the hard fork doesn’t seem to have taken place. The Bitcoin Atom Twitter account appears to have been suspended from Twitter, so it’s hard to get a current status update on the project.
The last update from the team was posted on Medium on December 27. That update claims they’re still on track to implement Lightning Network into Bitcoin Atom in 2018, and the project appears to be moving forward.
Please visit links below if you need more information about Bitcoin Atom :
============================================================================
My profile :
ETH address :
0xA6460C4FF0A704E20148f18031d19AFA4aa0edF9
Komentar
Posting Komentar