Wednesday, January 17, 2018

BITCOIN ATOM (BCA)



Atomic Swap powered. Community-driven. Atom.


One of the oft heard critiques of Bitcoin and cryptocurrencies in general is their propensity for being hacked. A list of the biggest cryptocurrency hacks shows that over $600 million have been stolen from eleven hacks alone. However, a majority of the money that was stolen in these instances was due to cryptocurrency exchanges as opposed to problems with the blockchains themselves.
The irony of these hacks is that cryptocurrencies, as decentralized, trustless monies, should be more secure than their fiat counterparts. History has proven otherwise. This is because cryptocurrencies that are traded through exchanges have neither decentralization nor a trustless protocol. Instead, investors rely solely on a centralized authority to secure their investments.
Cryptocurrency exchanges mean well, and undoubtedly none of them enjoy being hacked. Unfortunately, good intentions alone don’t prevent hacks like those described above from happening. The fundamental problem with cryptocurrency exchanges is their centralization. There is one entity that operates the exchange, secures the network, and managers the flow of funds.
Additionally, these exchanges need to be connected to other centralized entities like banks and credit card companies because users must provide financial information when registering an account. This means that when a cryptocurrency exchange is hacked, both crypto and traditional assets are at risk.

Bitcoin Atom (BCA) presents a completely decentralized way to exchange digital assets - with the exchange of chain atoms on board. By using its built-in hash time-locked contract (HTLCs) and its own HTLC API, Bitcoin Atom tries to interfere with the way we exchange current cryptocurrencies, providing freedom from intermediaries and centralized entities.

We believe that most cryptocurrency trades should be done on a chain in a decentralized way, in accordance with the original Bitcoin approach to transact in a totally unbelieving environment.

 Atomic Swaps (AS), which is currently implemented through an on-chain HTLC network and potentially via an off-chain Lightning (LN) network, brings the ability to exchange assets directly between blockchains without the intermediaries involved. This capability is called the cross-linking of atoms, and we propose Bitcoin Atom support for it at its core, by bringing the US API and a set of cross-trade utilities to the original Bitcoin core software and shipping it to BCA.

Trading on centralized exchanges is a popular topic among members of the cryptocurrency community, especially with the increasing volume of trading and crypto prices led by Bitcoin. However, discussions can often revolve around the issues facing exchange users, due to the number and complexity of the steps involved, and the various issues that can arise.

It's completely free. All you need to do is have access to the private key of your Bitcoin address, or hold your Bitcoin in one of the exchanges or wallets of Bitcoin Atom, and you will receive BCA at level 1 BTC = 1 BCA.
Bitcoin Atom has great potential to get great value.
Just looking at market fork lids like Bitcoin Cash, Bitcoin Gold or Super Bitcoin, it is clear that Bitcoin ink has become a very popular investment option among Bitcoin users and investors. And Bitcoin Atom has a capability not shared by other forks; namely, Atomic Swaps.

Bitcoin Atom brings Swap Atom to Bitcoin blockchain. Atomic Swaps (AS), currently implemented through the Hashed Timelock Contracts (HTLC) on-chain chain, and potentially through the off-chain Lightning Network (LN) network, which brings the ability to exchange assets directly between blockchains without the intermediaries involved. This innovative technology makes trading easier, and helps fulfill Bitcoin's original vision as a decentralized peer-to-peer technology, and therefore attracts a lot of positive attention to Bitcoin Atom itself.    
Atom Bitcoin atomic swap capability is expected to bring transparency to the digital asset trade, as efforts to increase volume through the exchange of chain atoms will be detected by passive observers. This means that users can not appear with a small number of coins and then make a ton of false volumes in disguise.

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


Bitcoin Atom (BCA) futures started trading  on January 12, 2018, on Yobit at https://yobit.net/en/trade/BCA/BTC, to be followed soon by Exrates and other exchange partners.

BCA futures are currently trading at approximately 0.1 BTC per 1 BCA, or roughly $1350 at current BTC price.

All BTC holders who possess private keys or store BTC with one of our partners will receive 1:1 Bitcoin Atom (BCA) at the time of the fork (expected at block 505 888).

Bitcoin Atom (BCA) is a SegWit enabled Bitcoin fork with atomic swaps, hybrid consensus and lightning network.

Bitcoin Atom (BCA) 1:1 Fork Featuring
═ SegWit
═ Atomic Swaps
═ Hybrid Consensus
═ Lightning Network

Exchanges
═ OKEX
═ YoBit
═ Exrates
═ More TBA

Wallets
═ Coinomi
═ Bitcoin Atom
═ MyAtomWallet
═ ESR Wallet
═ More TBA

Join BCA Community: t.me/bitcoinatom

More info: bitcoinatom.io
yobit.net
Buy and sell Bitcoin Atom (BCA) on YoBit Exchange!


For more infor mation please visit links :


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