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).
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.
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.
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
CLICK LINK BELOW FOR MORE :
Bitcoin Atom Site : https://bitcoinatom.io/
Bitcoin Atom Telegram : http://t.me/bitcoinatom
Bitcoin Atom Facebook : http://facebook.com/atombitcoin
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