BITCOIN ATOM ICO
We believe that most cryptocurrency trades should be carried out on the chain in a decentralized way, in accordance with the original Bitcoin approach to transact in an entirely unlimited environment.
Bitcoin Atom (BCA) brings a truly decentralized way to exchange digital assets - atoms exchange chains on the board. Using its built-in hash time-locked (HTLC) contract and its own HTLC API, Bitcoin Atom tries to interfere with the way we exchange current emergency crypts, which gives freedom from intermediaries and centralized entities.
Atomic Swaps (AS), which is currently implemented through an on-chain HTLC chain and potentially off-chain Lightning Network (LN), brings the ability to exchange assets directly between blockchains without the intermediaries involved. This capability is called cross-linking atoms, and we propose Bitcoin Atom support for it in essence, by bringing the US API and a set of cross-trading utilities to the original Bitcoin core software and sending it to BCA.
The BCA network is also secured by utilizing the so-called hybrid consensus: PoW and PoS models are installed, increasing network stability and reducing the miner's strength, thus lowering probability 51%. Despite possessing Proof of Ownership other than Proof of Work, Bitcoin Atom is not an inflanioter in emissions because PoS only serves to decentralize network strength. Max BCA supply remains the same as original Bitcoin (21M).
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 detected by passive observations. This means that the user can not appear with a small number of coins and then make a ton to capture the disguised volume.
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. The Fork is scheduled in 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 Atom Bitcoin specification, as in Bitcoin. There will be a total of 21,000,000.
IMPLEMENTATION
Bitcoin Atom is a Bitcoin blockchain fork with a major protocol upgrade that will occur in January (block number TBA). In the specified block, the original BTC block will be attached to BCA, and each transaction will therefore be completely separate on the Bitcoin and Bitcoin Atom networks. At that time, Bitcoin Atom will live on the mainnet and become a truly funcional crypto.
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.
Typical trading processes on third-party exchanges include the following steps:
- Registration
- Verification
- Verification process
- Deposit your exchange account
- Make a reservation
- Make a withdrawal
- Withdrawal process
- Accept coins
All these steps can take a lot of time, usually from 3 to 5 business days, depending on the exchange provider.
Specification
- Symbol Ticker: BCA
- Maximum BCA: 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)
- Adjustment difficulty: 2 weeks
- Left confirmation average tx: 5 Minutes
- Swap atoms: Yes
- Segwit: Yes
- Re-protection: Yes
- Unique address format: Yes
For More Information Please Visit Our Link:
Website: https://bitcoinatom.io/
ANN: https://bitcointalk.org/index.php?topic=2515675.msg25698432#msg25698432
Twitter: https://twitter.com/atombitcoin
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Telegram: https://t.me/bitcoinatom
CREATIVE : AGUSOMEN
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