Let's Join Bitcoin Atom - EVOLVED BITCOIN WITH ATOMIC SWAPS AND LIGHTNING NETWORK
Hello friends cryptocurrency, meet again with Crypto News. on this occasion I will bring you a very awesome article. This article contains a project called Bitcoin Atom.
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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. Instead of trust being mediated by a bank or other centralised financial institution, transactions take place directly between users, peer-to-peer. These transactions are verified by network nodes through the use of cryptography. Special nodes, called miners, record transactions to a public distributed ledger called a blockchain. Bitcoins are issued to miners as an incentive to attract their computing power to secure the network.
Bitcoin Atom is a fork of the Bitcoin blockchain with major protocol upgrades that will occur in January (block number 505 888). At the predetermined block number the original BTC blockchain will be forked into BCA, and any transactions made since then will be completely separate on Bitcoin and Bitcoin Atom networks. At that moment, Bitcoin Atom will go live on mainnet and become a fully functional cryptocurrency.
Bitcoin Atom (BCA) is a SegWit enabled Bitcoin fork with atomic swaps, hybrid consensus and lightning network. Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange with on-chain atomic swaps on board.
Bitcoin Atom’s development team is working on a special embedded toolkit for both on-chain and off-chain atomic swaps, allowing for exchanging any cryptocurrencies in a hassle-free way across different blockchains. Lightning Network off-chain swaps scheduled to be launched in 2018.
All Bitcoin holders who possess their private keys at the moment of the fork (block number 505 888) will receive Bitcoin Atom at the rate of 1 BTC = 1 BCA. You need to control your Bitcoin private keys in order to claim and transact Bitcoin Atom.
Subsequently, the BCA team will focus on atomic cross-chain trading toolkit development, as well as integrating the LN model with off-chain swaps into Bitcoin Atom. The roadmap covering these milestones can be found on the official BCA website (see below).
Subsequently, the BCA team will focus on atomic cross-chain trading toolkit development, as well as integrating the LN model with off-chain swaps into Bitcoin Atom. The roadmap covering these milestones can be found on the official BCA website (see below).
Bitcoin Atom (BCA) uses the same hashing algorithm as Bitcoin (BTC), so basic mining details are the same, as far as requirements are concerned. The full node software (both compiled binaries and sources) will be published shortly after the fork at block number 505888. This will be announced separately in all BCA channels. Once this happens, miners will be able to start working on the new Bitcoin Atom chain.
The Bitcoin Atom team is pleased to announce that the Multipools mining pool has confirmed that it will list Bitcoin Atom (“BCA”), which will fork on January 25, 2018 at block number 505888.
Bitcoin Atom is this technology :
- The Power of Atomic Swap
- Advanced Interblockchain Mechanics
- Years of Blockchain Research
Bitcoin Atom Features
Hybrid Consensus
BCA network is additionally secured by utilizing the so-called hybrid consensus: both PoW and PoS models are put in place, increasing network stability and reducing the power of miners, hence lowering the 51% attack probability.
Lightning Network Swaps
Bitcoin Atom development team is working on the LN implementation, allowing for instant off-chain atomic swaps. LN transactions are cheaper, more useful for smaller transactions and have better privacy properties.
Bitcoin Atom development team is working on the LN implementation, allowing for instant off-chain atomic swaps. LN transactions are cheaper, more useful for smaller transactions and have better privacy properties.
Atomic Swap Powered
By using built-in hash time-locked contracts (HTLCs) and its own HTLC API, Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.
By using built-in hash time-locked contracts (HTLCs) and its own HTLC API, Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.
Atomic Swaps (AS), currently implemented via HTLCs on-chain and potentially via Lightning Network (LN) off-chain, bring an ability to swap assets directly between blockchains without any intermediaries involved. This ability is called atomic cross-chain trading, and we propose the Bitcoin Atom’s support for it at its core, by bringing AS API and a set of cross-chain trading utilities into the original Bitcoin core software and forking it into BCA.
Bitcoin Atom Wallets :
Bitcoin Atom have Partners in Exchanges :
- OKEX
- YObit.net
- EXRATES
Road Map
September 2017
Atomic Swap Research
October 2017
Concept Design
November 2017
On-chain AS Testnet
December 2017
Replay Protection
January 2018
Hybrid Consensus
Mainnet Launch
February 2018
HTLC API Impelementation
March 2018
AS Toolkit Release
Late 2018
As Lightning Network
Coin Specification
Ticker Symbol: BCA
Max Supply: 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)
Difficulty adjustment: 2 Weeks
Avg tx confirmation time: 5 Minutes
Atomic swaps: Yes
Segwit: Yes
Replay protection: Yes
Unique address format: Yes
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