BITCOINATOM: The Bitcoin Version You always wanted

Introduction

Humans create value and a system to exchange it among them. The system of value exchange has been in continuous development since ages. The commodities, the collectables, the cash generating assets and the currency are all part of the financial ecosystem. We have been trading in different ways since ages but the process and tools have changed due to the rapid development of technology. Still, we trade the prices of commodities and currency in the market. People decide the value of the commodity according to the supply and demand. Well, the market is not so simple because there are multiple factors which create changes in the pricing of different items listed for trade.

The newest member of the game is cryptocurrency, which, in short period of time created unexpected growth in the market. The rise in its price has made many investors and traders envious. The bitcoin created a wave which nobody thought was possible. But, it possesses quite a few limitations, which have given rise to so many of other cryptocurrencies. Every cryptocurrency aims to solve a specific problem. A few of the problem is centralisation in the cryptocurrency exchanges and requirement of the third party for the transaction between engaging parties. The true decentralisation of the currency and exchange still eludes us. If today, suppose we require to sell our bitcoin to earn Litecoin, we require a third party. The true decentralisation of the bitcoin is still in the development stage. Is there a way we can decentralise the cryptocurrencies exchanges?

SOLUTION OFFERED

The BCA is a Bitcoin Fork with multiple features such as hybrid consensus and lightning network. BITCOIN ATOM is developing the latest technology in the blockchain technology where you do not require an exchange for exchanging your Bitcoin with Litecoin. This is solved by Atomic swap or atomic cross chain trading. It is a kind of transaction of one type of cryptocurrency to another type of cryptocurrency without the requirement of the third party.

It is a true decentralisation of the currency as envisioned by the founder of bitcoin. Atomic swap is based on the hash time locked contracts (HTLC) which ensures smooth transaction between two engaging parties. The requirement for utilising HTLC is based on the implementation of the lightning network. Bitcoin atom aims to achieve a true decentralisation by utilising all these features.It will be distributed to the holders of Bitcoin and One BTC is equal to the one BCA. The Bitcoin fork will help you to get BCA in your wallet.

Future

Currently, they are working on the implementation of the Lightning network which will enable instant off chain atomic swapping. Many other companies are working on the atomic swap, which is the latest technology in the blockchain. Litecoin Fonder announced that he completed an atomic swap, but we are yet to see any clarity on the matter. The biggest hurdle in this kind of transaction is that user needs to download entire blockchain on his system for the transaction. This is practically impossible for any single user.

The second condition which must be satisfied for the successful atomic swap is the kind of cryptography algorithm used. Both the cryptocurrency used in the transaction must have the same algorithm, such as SHA-256. BCA is working on the true decentralisation and BCA Futures is being traded on Yobit.net and currently being listed by the coinmarketcap.com. The team behind this platform consists of experienced developers, who are confident that they will be able to conduct the forking before the end of January 2018. The exact block and date are still not announced, but we hope that it delivers what it promises.

For more information visit:

Website : https://bitcoinatom.io/

Telegram : https://t.me/bitcoinatom

Twitter : https://twitter.com/atombitcoin

Published By: Kishan748

Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561