Bitcoin Atom, Proof of Work (POW) System
Greetings all hopefully on healthy always, today I would like to introduce my latest post about the project, Bitcoinatom, let me follow the postings I made, and here are the reviews.
Blockchain Revolution
creating the right mistake in the world. Slowly news about crypto currency appeared in the mainstream media. More and more people want to attend this revolutionary event that is not visible every day. Blockchain technology provides extraordinary progress in the processes we know today, changing every aspect of business and life that we live. It has been recognized by people who are enthusiastic and gathered in teams and are doing innovative crypto startups. In this way, the lost infrastructure in the crypto world is occupied, but it also shows the value of utilization power afforded by this innovative technology.
One of these crypto startups is definitely Bitcoin Atom
Bitcoin Atom discusses the issues that are currently gripped by the world's most famous Blockchain. Of course it is Bitcoin. Bitcoin has since emerged from the scene, revolutionized, for having removed the mediators from the whole story, the fact that instant and inexpensive transactions have taken place, and the inability to resist the currency, All of this inspires the expansion we see today.
But technology is decentralized
not born to be valued in a centralized stock exchange, which is often the subject of hacking or decay. They are also reluctant to use the crowds on them lately. Many currently prohibit creating new accounts for users. All this will remove Bitcoin Atom. 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 at Force, you get one Bitcoin Atom. Fork is scheduled for 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 is no more to decentralize the network. As for the specifications of Bitcoin Atom, the same as in Bitcoin. There will be a total of 21,000,000.
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
The withdrawal process
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 :
Place your order inside your knot
Accept your Kripto Distractions
You can easily open your BITCOIN ATOM node and immediately place a sell / buy order without any hassles or intermediaries.
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.
Bitcoin Atom is a fork of blockchain Bitcoin with a major protocol upgrade that will occur in mid-December (block number TBA). On a predetermined number of blocks, the original BTC block will be attached to 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
Specification
- Ticker Symbol:
- 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)
- Difficulty adjustment: 2 weeks
- Average Tx confirmation time: 5 Minutes
- Swap atoms: Yes
- Segwit: Yes
- Re-protection: Yes
- Unique address format: Yes
Bitcoin Atom Project
is a fruit team led by professional engineers. Besides them there are many developers, designers, architects and other marketing experts who assist them in project work. Together they have the knowledge they need to overcome the challenges that exist in their journey. Many projects lack the skills and variety of people like this project.
This project seems very interesting and here we provide you with basic information
We try to bring you closer to this promising project, but to know all the information, to the level of detail, we recommend that you see official blogs, very detailed and clear to understand, you are an expert or a beginner.
Details Information :
Website : https://bitcoinatom.io/
Telegram : https://t.me/bitcoinatom
Facebook : https://www.facebook.com/atombitcoin
Twiter : https://twitter.com/atombitcoin
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1082840