Bitcoin Atom (BCA)
Bitcoin Atom (BCA) brings a truly decentralized way of exchanging digital assets - with on-chain chain atoms exchange. By using its built-in hash time-locked contract (HTLCs) and its own HTLC API, Bitcoin Atom tries to interfere with the way we exchange current cryptocurrencies, providing freedom from intermediaries and centralized entities.
We believe that most of the cryptocurrency trade should be done on-chain in a decentralized way, in accordance with the original Bitcoin approach to transact in a totally unbelieving environment.
Atomic Swaps (AS), which is currently implemented through an on-chain HTLC network and potentially via an off-chain Lightning (LN) network, brings the ability to exchange assets directly between blockchains without the intermediaries involved. This capability is called the cross-linking of atoms, and we propose Bitcoin Atom support for it at its core, by bringing the US API and a set of cross-trade utilities to the original Bitcoin core software and shipping it to BCA.
The US model Bitcoin Atom is expected to bring transparency to digital asset trading, as efforts to increase volume through the exchange of chain atoms will be detectable by passive observers. This means that users can not appear with a small number of coins and then make a ton of false volumes in disguise.
The BCA network is also secured by utilizing a hybrid consensus called: both PoW and PoS models are installed, increasing network stability and reducing the miner's power, thus lowering the probability of 51% attacks. Despite having a Proof of Stake other than Proof of Work, Bitcoin Atom is not inflation in terms of emissions because PoS serves only the purpose of decentralizing network strength. Max BCA supply remains the same as the original Bitcoin (21M).
The core value of the project: Independence , Decentralization and Transparency .
Features
- HYBRID CONSENSUS
The BCA network is also secured by utilizing a hybrid consensus called: both PoW and PoS models are installed, increasing network stability and reducing the miner's strength, thus lowering the probability of 51% attacks. - LIGHTNING NETWORK NETWORK
The Bitcoin Atom development team is working on the implementation of LN, enabling instant exchange of goods from off-chain chains. LN deals are cheaper, more useful for smaller transactions and have better privacy properties. - ATOMIC SWAP POWERED
By using its built-in hash time-locked contract (HTLCs) and its own HTLC API, Bitcoin Atom tries to interfere with the way we exchange current cryptocurrencies, giving freedom from intermediaries and centralized entities.
Specification
Symbol Ticker: BCA
Max Supply: 21 Million
Distribution: Mining, Minting, Claiming
Algorithm PoW: SHA256
Block Interval PoW: 10 Minutes
PoS Block Interval: 10 Minutes
Block Size (actual): 1M (2-4M)
Adjustment difficulty: 2 weeks
Time average confirmation: 5 Minutes
Swap atom: Yes
Segwit: Yes
Protective: Yes
Unique address format: Yes
Max Supply: 21 Million
Distribution: Mining, Minting, Claiming
Algorithm PoW: SHA256
Block Interval PoW: 10 Minutes
PoS Block Interval: 10 Minutes
Block Size (actual): 1M (2-4M)
Adjustment difficulty: 2 weeks
Time average confirmation: 5 Minutes
Swap atom: Yes
Segwit: Yes
Protective: Yes
Unique address format: Yes
5 Reasons Why You Should Claim Your Bitcoin Atom
1. It's completely free. All you need to do is have access to the private key of your Bitcoin address, or hold your Bitcoin in one of the exchanges or wallets of Bitcoin Atom, and you will receive BCA at level 1 BTC = 1 BCA.
2. Bitcoin Atom has great potential to get great value . Just looking at market fork lids like Bitcoin Cash, Bitcoin Gold or Super Bitcoin, it is clear that Bitcoin ink has become a very popular investment option among Bitcoin users and investors. And Bitcoin Atom has a capability not shared by other forks; namely, Atomic Swaps.
3. Bitcoin Atom brings Swap Atom to blockchain Bitcoin . Atomic Swaps (AS), currently implemented through the Hashed Timelock Contracts (HTLC) on-chain chain, and potentially through the off-chain Lightning Network (LN) network, which brings the ability to exchange assets directly between blockchains without the intermediaries involved. This innovative technology makes trading easier, and helps fulfill Bitcoin's original vision as a decentralized peer-to-peer technology, and therefore attracts a lot of positive attention to Bitcoin Atom itself.
4. Bitcoin Atom has a bounty campaign, and you can get BCA . No bitcoin No problem! The Bitcoin Atom gift campaign enables community members to get BCA to promote it through social media channels, even if they do not have BTC at the time of fork. You can join the Bitcoin Atom gift campaign through the following link: https://bitcointalk.org/index.php?topic=2567797
5. Atom Bitcoin atom swap capability is expected to bring transparency to digital asset trading , as efforts to increase volume through the exchange of chain atoms will be detected by passive observers. This means that users can not appear with a small number of coins and then make a ton of false volumes in disguise.
How to Claim or Not to Get Bitcoin Atom (BCA)
Bitcoin Atom (BCA) is one of Bitooin's most interesting forks, and a fork will soon rise, in Bitcoin block # 505888, estimated to occur on January 25-26, 2018.
If You Hold Bitcoin (BTC), You Are Eligible For 1: 1 Equivalent Bitcoin Atom (BCA)
If you hold a BTC (Bitcoin), you are eligible to qualify for a 1: 1 match rate of Bitcoin Atom (BCA). How can you claim your Atomic Bitcoin?
In Stock
You just need to transfer BTC to exchange partner Bitcoin Atom before fork date (25-26 January), block number 505888, to claim your BCA.
From the Wallet
You just export your current private key and import it into a compatible wallet with Bitcoin Atom to claim your BCA.
Mitra Bitcoin Atom Exchange and Wallet at this time
Exchange
Purse
ATOM Wallet (available soon)
For a list of Bitooin Atom exchange partners and the latest wallet, visit the Bitcoin Atom website at https://bitcoinatom.io/
What If You Do not Have Bitcoin (BTC)?
You have several other options available, to get Bitcoin Atom (BCA).
You Can Get Bitcoin Atom Through Our Bounty Program
You Can Buy Bitcoin Atomic Futures (BCA)
The exchange partner Bitcoin Atom YoBit offers Bitcoin Atom futures . For pricing and charts, see Bitcoin Atom's market page at CoinMarketCap .
You Can I Bitcoin Atom (BCA)
Bitcoin Atom uses the same hashing algorithm as Bitcoin (BTC), and thus, every mining operation prepared to mine BTC is prepared to mine Bitcoin Atom (BCA). And if your favorite cloud miner service has not been set up for BCA, please encourage them to do so. Tell them to email hello@bitcoinatom.io for all necessary details.
You Can Buy Bitcoin Atom at Stock, like Fork (block Bitcoin # 505888)
Bitcoin Atom exchange partners will offer Bitcoin Atom for purchase at the time of fork. And if your favorite cryptocurrency exchange has not been set up for BCA, please encourage them to do so. Tell them to email hello@bitcoinatom.io for all necessary details. The list of Bitcoin Atom exchange partners is currently listed and connected above, and you can always check https://bitcoinatom.io/ to see when else has been added.
Why Is Swap Atom Better Than Trade On The Stock?
Trading on centralized exchanges is a popular topic among members of the cryptocurrency community, especially with the increasing volume of trading and crypto prices led by Bitcoin.
However, discussions can often revolve around the issues facing exchange users, due to the number and complexity of the steps involved, and the various 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. make a withdrawal
7. the withdrawal process
8. receive coins
All of 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 what the crypto exchange process is going through Atomic Swaps:
1. Place your order inside your knot
2. accept your Kripto Distractions
You can easily open your BITCOIN ATOM node and immediately place a sell / buy order without any hassles or intermediaries.
It's easy and quick to use Atomic Swaps, as you can get through almost any step required by a third-party exchange provider.
And Swap Atom not only makes trading and exchange faster, but also offers other advantages over centralized exchange.
Key Benefits of Atomic Swap Above Centralized Stocks
• Better Trade
• REMOVING delays (caused by missing deposit / withdrawals, server downtime, etc.)
• RETENTION of your private key, preventing the possibility of losing your coins (ie Mount Gox).
• MINIMIZE potential security breaches.
• 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.
Stay tuned for the launch of Bitcoin Atom, which fulfills the true spirit of decentralized Bitcoin, while instantly improving your speed, comfort and security.
Implementation
Bitcoin Atom is a fork of Bitcoin blockchain with a major protocol upgrade that will occur in January (block number 505 888). 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.
All Bitcoin holders who have their private key at the time of fork (block number 505 888) will receive Bitcoin Atom for 1 BTC = 1 BCA. You need to control your Bitcoin private key to claim and transact Bitcoin Atom.
Furthermore, the BCA team will focus on developing the cross-atom trade chain toolkit, as well as integrating the LN model with off-chain exchanges to Bitcoin Atom. A roadmap that includes this milestone can be found on the official BCA website (see below).
Website
Media / Info
t.me/bitcoinatom
facebook.com/atombitcoin
twitter.com/atombitcoin
medium.com/@bitcoinatom
reddit.com/user/BitcoinAtom
github.com/bitcoin-atom
bitcoin-atom.slack.com
en.wikipedia.org/wiki/ Bitcoin_Atom
facebook.com/atombitcoin
twitter.com/atombitcoin
medium.com/@bitcoinatom
reddit.com/user/BitcoinAtom
github.com/bitcoin-atom
bitcoin-atom.slack.com
en.wikipedia.org/wiki/ Bitcoin_Atom
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TBA
Author by: Naomikatarina
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