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http://atomicdac.org/repository/atomic_slider_one.png
ATOMIC DAC
Decentralized, Cross-Chain Exchanges for all Blockchain Technologies

Visit the website: atomicdac.org (http://atomicdac.org)
Read the documentation: http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033)

ATOMIC on NXT Asset Exchange: 11694807213441909013
ATOMIC on BTER: https://bter.com/trade/atomic_btc (https://bter.com/trade/atomic_btc)
ATOMIC on CoinMarketCap: http://coinmarketcap.com/assets/atomic/ (http://coinmarketcap.com/assets/atomic/)

Introduction
Everyone reading this already understands that crypto-currency in one form or another is here to stay, it will be the future of transaction, ledger, voting, communication and much more. However, before crypto-currency becomes something that the general public will use it must be ATOMIC. Cross chain trading currently requires the use of a centralized exchange or a workaround which introduces central points of failure, and require that funds be frozen (nLockTime) or a contract to be used until it can be confirmed that the exchange did actually happen. This is where ATOMIC comes into play. ATOMIC is the spiderweb that will attach the blockchains and assets of all of the crypto-currencies.

What is ATOMIC
• A Decentralized Autonomous Corporation. ATOMIC will be run transparently, with direct community involvement, open source, and once a critical mass has been reached it will become a full DAC with no central points of failure, agenda, laws or anything else that could slow it down.
• Cross-chain trading (think NXT to BTC) in a 100% decentralized, contract and fund freezing free way.
• Trading of assets (ex: Gold to Silver)
• Proof Of Exchange (POE) and Proof Of Gateway (POG) these are two brand new crypto-currency technologies which will allow for members of the spider network performing exchanges and verifications to profit in entirely new ways without any special mining hardware or setup.

Why do we need ATOMIC
• 100% transparent and public ledger backed exchanges across blockchains (trading of any asset or any coin)
• Transactions from one blockchain to another will be as fast, if not significantly faster than any existing centralized method of exchange.
• The ability to spend any coin, anywhere (ex: ATOMIC will allow users to spend NXT at a store which only accepts payments to a BTC wallet) without having to wait for a deposit, confirmations, exchange, withdrawal, more confirmations and then finally spend the coins.
• As ATOMIC is run as a DAC it can constantly be changed by the community, without any agenda or central management to prevent progress.

How ATOMIC will work
• ATOMIC will make use of blockchain and wallet technologies but will not be a coin in itself, 'mining' will be a combination of POE and POG.
• POE: Proof of Exchange will act to verify that an exchange between two blockchains has been completed successfully, in a publicly verifiable ledger. Once an exchange has been declared confirmed by ATOMIC, it will be double checked at 4 checkpoints.
• POG: Proof of Gateway will insure that the exchange process happens as quickly as possible. As part of the decentralized spiderweb ATOMIC, 'miners' who are able to confirm exchanges the fastest will receive the largest percentage of the POG fee reward. (Ex: first confirmation: 25% of the reward, second confirmation %15 of the reward, and so on descending returns for each additional confirmer up until 100% of the reward has been paid out at which point the exchange will be confirmed)

End of summary, please read the rest of the documentation here: http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033)

#### original OP
11694807213441909013 is the correct assetid, anything else is a fake one

[Dividend Announcement]

NXTventure will offer a 1:10 Atomic dividend, asset 11694807213441909013. The ex-dividend block will be as of 1400 GMT on Tuesday. NXTventure assetholders of record that block will receive the dividend.

For every 10 NXTventure assets you own, 1 Atomic asset will be sent as a dividend.

Atomic is a joint venture project where I will only be offering advices, but it is for what I feel is a promising new tech. I cannot stop the tradings from happening, but I advise to wait for finding the details before trading and if you are buying then please do not be making any large buys until you know what Atomic is. Only buy with small amounts and this is still months away from any release. I will not take any responsibility for the market pricings.

There are just so many deals going on that I am just completing them so I can take it off my todo list. Again, I advise no buying panic.

James

P.S. JLH has received 10% of Atomic

Another project? whatever i'm watching

NINJA LAUNCH OR GO HOME

There will be no mining for Atomic, at least not like anything in the past.

James

I am just offering advices for Atomic

Strange  ::)
AE asset says that it description is in this thread. But it is not.  ???

shut up and take my NXT ;D ;D

it will be

atomic, as in atomic cross chaining between coins?

a new asset?

after i reading through the whole posts i decide to buy JHL..You know why!

I don't know at all,plz give me a advice.  ;)

There's already a scam asset called Atomic for sale on the Nxt AE, linking to this thread. (The real ATOMIC isn't for sale yet.) Make sure not to buy the scam asset please.

High level details about Atomic will be posted the day after the NXTventure dividend

James

Hey everyone, I'm glad to see that there has already been enough interest generated to warrant someone creating a scam clone of the asset! I'd also like to thank jl777 for acting as a collaborator and source of advice and guidance for this project.

I would like to tell you guys a little bit about myself as I am going to be leading the development of the ATOMIC DAC project and get it to a point that it can be run completely as a DAC. I have been lurking here for a very long time. I first heard about crypto-currency on May 22nd 2010 when 10,000 BTC were used in exchange for a pizza. I've been obsessed ever since. I've seen many coins that I thought were going to become huge die, way too many P&D's, scamcoins, scam exchanges (luckily I wasn't goxed) as well as revolutionary technologies and ideas that have helped us create a more decentralized world. As this will be run with the goal of reaching full DAC status, I eventually shouldn't matter to the project any more than anyone else reading this.

Back when it was profitable, I ran a SCRYPT GPU and ASIC (mostly GridSeeds) mining farm which generated income for myself and the friends that I was working with at the time. I put my C++ and *NIX skills to the test by writing some software that we used internally to generate scripts, and later to control pool management, configuration, profitability as well as check on our operation with an Android application that I wrote with the Qt Framework. We had our miners managed 24/7 by Raspberry Pi control units that I setup and eventually began selling. 
 
By the time that this mining farm became close to unprofitable we sold most of the equipment and I began taking C++ and Qt Framework development jobs as a freelancer (creating altcoins, Rasbperry Pi GPIO software, general C++ software development) . I had worked in IT for 4 years at the local school district and a manufacturer that made parts for Tesla with a few UNIX, CentOS and Windows servers. I felt however now that I needed a job again, I would be better off working on my own time as a C++ developer so that when the next big idea came to me, I would be 100% ready to dedicate my life to it.

That next big idea is ATOMIC. When I was thinking about what it is preventing crypto-currency from becoming the standard form of exchange one thing in particular seemed to be an issue. That is why when I saw the announcement of the superNET I knew that ATOMIC was finally a possibility. I will be collaborating with jl777 on this project and he will be providing me (and has already) with invaluable advice and guidance to make sure that ATOMIC is designed to be the absolute best.

Please ask away I will answer any questions that I can!

This sounds great, are you planning to be listed in some major exchange?

+1
c-cex, bittrex or something like that?

It will only be available on NXT Asset Exchange to begin with
We will not be actively promoting Atomic until it is close to beta release
No Atomic will be sold by NXTventure or JLH for a while, as there is no need for any more cash.

cryptaxe might sell off some assets for some of his expenses, but I dont think it will be very much until after the tech is done.

So, get a NXT account if you want to get the Atomic during this very early stage.

This is a high risk, early stage project. I will not be making any market actions and I will not be responsible for whatever tradings that happen.

I strongly suggest to wait until the initial source code is released!

James

You can make a buy order right now from the NXT wallet using this asset ID: 11694807213441909013

At this very early stage you may need to wait some time before any sell orders are made on the asset. Please stay tuned for updates regarding technical specifications as well as opportunities to invest. But for now making a buy order will be the easiest way to make sure that you are invested once a sell order is available. As jl777 has stated, there is a lot more information that is on hold!

If I am going to personally make a sell order, I will post here and on my twitter or anywhere else people get information from me before hand!

i will not be selling any of the Atomic anytime soon, I am as usual HODL
10% of Atomic will be in the hands of NXTventure owners, it is up to them to make a market
I suggest to HODL, but I expect that this advice will not be followed

James

I assume ATOMIC is an integral part of the supernet, possible teleporting mechanics, but would really like to know more details...waiting patiently.

Current AE buy orders range from 0.1 to 0.2 - cryptoax, could you please advise the initial sell price and when you will fill orders (at least roughly) so I don't need to refresh this thread multiple times a day to find out? Thanks.

the initial sell price will be determined by the NXTventure owners who will be getting the dividends
Neither of us is planning to sell for a while

If we are not selling anything, it is hard for it to be a scam
We are advising to wait before trading
This will be an opensource project so people can evaluate when it is published

From your signature I can understand your pain...conflict of interest and all...but I certainly would not consider ATOMIC a scam.

Wow!another project form Jl777..hmmm.Can't miss it!

So many project ...
May i ask one question?
How can you finish all of your project 777?

I am not coding this project. I am just giving helpful advices. I can help with quite a few projects when I dont have to do any of the actual work

James

when you succeed with many scams and hype like jl777 then staying quiet is not an option. it's like you can't quite when free money(BTCs) are coming your way for free nonstop. when all the shitty ideas keep coming and all the free money keep coming then he's can't quite. his greediness will prevailed and anyone get caught in the middle will getting burns! this will happen in the next 3 months when nothing is deliver. you will see none of his shitty scams will work, included jl777hodl, multigate, supernet, or bitcoindark etc. this is what i call serial scammer in cryptocurrency.

Ok.That' make me feel good too.But you are a superman james.sometimes you need to take rest.

Actually coding (not debugging) is quite restful for me, has the same effect as meditation

So many trolls here but i have to say in JL777 we trust!

https://www.youtube.com/watch?v=1Tko1G6XRiQ :)

wait? or buy? i need a few thousands nxtventure but the price is too high?
jl777 what do u think what is a fair price for nxtventure?
we are at 70 nxt...?!
can u sell me 10,000 + nxtventures?

Please can you tell me what is this? as soon I heard James is involved I hurried up here, I do, follow and buy anything James is involved with blind eyes.

Please can someone tell me in plain English when and how can I buy this that I quite I don't understand what its, yes call me silly me buying anything I don't know what its, but it belong to james and anything James touch turn into gold.

Long Live James!

You can't buy it yet. If you have NxtVenture asset, you will automatically receive this asset as dividend. So, if you have or buy NxtVenture before 2PM GMT Tuesday, you'll receive Atomic. Once the dividend is released, then NxtVenture owners will have a chance to sell, so it'll likely be available to buy.

As to what it is, at the moment, that's still a secret.

many thanks, please tell me this is what I need to buy and I buy right now

https://trade.secureae.com/#16212446818542881180

just by buying NxtVenture I get atomic?

Please what is atomic and what is Nxtventure and all this will be link to supernetwork or jl777hodl ?

Please James slow down you are doing so many projects that its hard to spy on you for me to buy anything you do :)

Long Live James ( I am number 1 fan of James)

I don't have any plans to sell shares right now, but as I have told others I will post here or on my twitter account if I am going to!

As jl777 said, he is advising myself and anyone that I add to the development team. This is being developed with the goal of reaching full DAC status meaning that at the final stage the community will be in 100% in control.

This is the closest guess to what this project is that I have seen so far!

That is the correct asset. Information about it is here:

https://nxtforum.org/nxtventures/nxtventure-the-way-for-the-most-promising-enterprises-to-get-ae-listing/

It's a fund that invests in promising projects. Investors receive dividends of assets in which the fund invests.

That's is really cool, please just one more question, so you can only get atomic only before Tuesday, Then you will not be able to get more atomic after Tuesday or will I get more atomic once a month? also where do I check other coins I am acquiring by having nextventure, will add automatically where..in SAE?

Long Live James!

I presume it'll just be a once off dividend of Atomic. However there'll be dividends of other assets in future months for NxtVenture holders.

I don't use SAE, but the dividend asset will appear in your Nxt account, so I assume you'll see it in SAE.

You can also order ATOMIC once there are some sell orders on the market, such as when I need to pay another developer, webhost, etc!

There are now some sell orders at around 800NXT per share of ATOMIC available right now! Remember that the correct id is: 11694807213441909013

Why would/did someone pay 1000 NXT for an asset which has zero definition and information about it.

Just crazyness.

Atomic Dividends have been paid to NxtVenture holdings:

https://nxtforum.org/nxtventures/nxtventure-the-way-for-the-most-promising-enterprises-to-get-ae-listing/msg102688/#msg102688

unbelievable...
do some people know more then me?
there were a few sold for 1000 NXT! that means a marketcap like NXT itself...

There were 5 tokens sold at that price overall. Relax, just some market manipulation. Why would anyone want to buy something at this price without knowing what it is? Or even knowing what it is? :)

I'm totally relaxed btw.

But, there we actually trades, not just bid/asks. 5 sold/bought at 1000 NXT a piece, and 5 at 800 NXT. 5,000 NXT for me it quite a bit. Of course, for some whale, it's nothing.

Thanks, received my lillte Atomic dividends. You guys rock!

so people dont know what they are buying? And price was established, how?  :o

LOL someone bought for 1000 and someone for 40 ???   :o ;D  How is this planet called again?

With no information available, one way to determine a price would be by the fact that the number of distributed assets is 1/10th that of NXTventure. With NXTVenture trading around 77 NXT, 7.7 NXT seems like the right price for Atomic to me right now.

At least it is low volumes and most people are heeding my advice to wait for more info.

There have been enough info leaked for people to get a decent idea of what Atomic is, but it is early stage so please stay calm and no buying panics. Until there is source code released I would suggest just the risk capital that you can afford to lose without much worries.

Again, I take no responsibility for any Atomic tradings. It is all up to the buyers and sellers and I have not done any Atomic tradings of any kind myself other than the initial issuance.

I will update OP with some high level details tomorrow. Until then try not to do any tradings

James

P.S. 1 for 40 is not even $2 so the volumes are the most important thing to look at.

this calculation is far-fetched...
who says, that the new asset will have just 1/10 of the market cap of NXTventure? It can get a market cap of 1 $ or 1Billion $. Noone knows.
Look at all the things in the coinmarketcap-page and try to choose. Its impossible...

But with 7 its worth 7 million NXT. Hm.. For a pig in a poke?  ???

Watching the Blondie video now. I can only conclude that drugs must be involved somewhere.
One Way Or Another (see what I did there?) this sounds awesome. Awaiting details with interest.

Thats pretty easy.  You put a sell order with an huge price out. Then you buy it with your second account. Do it a couple of times and people think it is worth really much. Then put a way lower but still way to expensive sell order out and a fool false for it and buys.
Not a scam but a bad behavior to make money of newbs.

Monitoring this.

Please do not fall for these type of tricks. Unfortunately there is nothing that can be done to stop anybody from doing such things.

At least the market is behaving somewhat rationally now, with a giant spread between bidders and sellers and little trading volume. Tomorrow more is revealed to allow for better informed price discovery.

James

So mystery much nxt

The issurer did not sell atomic asset,who is selling?
What's the issuring price?

There's no issuing price. 10% of Atomic was distributed to holders of NxtVenture as a dividend. NxtVenture owners are setting the price.

another jl777 asset/coin?

 
Nice surprise on my account : 150 ATOMIC for free
Money is always falling from the sky when you're into James projects.

Thanks James !

Someone else is creating the feature/asset, and jl777 believes it is a good idea and is advising, helping out.

small correction: money is always falling from the sky, if you are a hero member ;-)

ATOMIC

Document version 1, more details to be released soon.

If you feel after reading this document that you have skills to contribute to this project, please send an email to cryptaxe@gmail.com

Introduction
Everyone reading this already understands that crypto-currency in one form or another is here to stay, it will be the future of transaction, ledger, voting, communication and much more. However, before crypto-currency becomes something that the general public will use it must be ATOMIC. Cross chain trading currently requires the use of a centralized exchange or a workaround which introduces central points of failure, and require that funds be frozen (nLockTime) or a contract to be used until it can be confirmed that the exchange did actually happen. This is where ATOMIC comes into play. ATOMIC is the spiderweb that will attach the blockchains and assets of all of the crypto-currencies.

What is ATOMIC
   •   A Decentralized Autonomous Corporation. ATOMIC will be run transparently, with direct community involvement, open source, and once a critical mass has been reached it will become a full DAC with no central points of failure, agenda, laws or anything else that could slow it down. Initial versions will probably not be a fully automated DAC.
   •   Cross-chain trading (think NXT to BTC) in a 100% decentralized, contract and fund freezing free way.
   •   Trading of assets (ex: Gold to Silver)
   •   Proof Of Exchange (POE) and Proof Of Gateway (POG) these are two brand new crypto-currency technologies which will allow for members of the spider network performing exchanges and verifications to profit in entirely new ways without any special mining hardware or setup.


Why do we need ATOMIC
   •   100% transparent and public ledger backed exchanges across blockchains (trading of any asset or any coin)
   •   Transactions from one blockchain to another in near realtime
   •   The ability to spend any coin, anywhere (ex: ATOMIC will allow users to spend NXT at a store which only accepts payments to a BTC wallet) without having to wait for a deposit, confirmations, exchange, withdrawal, more confirmations and then finally spend the coins.
   •   As ATOMIC is run as a DAC it can constantly be changed by the community, without any agenda or central management to prevent progress.

How ATOMIC will work
   •   ATOMIC will make use of blockchain and wallet technologies but will not be a coin in itself, 'mining' will be a combination of POE and POG.
   •   POE: Proof of Exchange will act to verify that an exchange between two blockchains has been completed successfully, in a publicly verifiable ledger. Once an exchange has been declared confirmed by ATOMIC, it will be double checked and
   •   POG: Proof of Gateway will insure that the exchange process happens as quickly as possible. As part of the decentralized spiderweb ATOMIC, 'miners' who are able to confirm exchanges the fastest will receive the largest percentage of the POG fee reward. (Ex: first confirmation: 25% of the reward, second confirmation %15 of the reward, and so on descending returns for each additional confirmer up until 100% of the reward has been paid out at which point the exchange will be confirmed). Instead of rewarding miners for hash power, the miners are rewarded for running coin daemons. The more daemons that are run, the more likely the miner is involved in making a trade happen and getting a reward.

Is it for real ??

Decentralized Autonomous Corporation / Cross-chain trading / assets Gold to Silver / Proof Of Exchange (POE) / Proof Of Gateway (POG)

And you tell us this ?


Panic buy now then  :D

EDIT :


This is a very different project.
InstantDEX goal is to provide an instant trading like on centralized exchange to compete with them.

Will this compete with and/or replace InstantDEX?

keep in mind this is still early stage, so until there is source code released I would categorize it as high risk.

actually it will be designed to integrate tightly with InstantDEX. As you know InstandDEX uses the NXT blockchain for clearing the transactions, at least in one of its clearing modes. This requires asset<->asset or asset<->NXT trades. With MGW assets, this is not a problem, but what about coins without MGW support? What about non NXT assets?

So, InstantDEX will be using Atomic to clear trades that cannot be cleared by the NXT blockchain. The subatomic method of overlapped micropayment channels is deprecated with Atomic. There were just too many issues with subatomic, the locking of funds, so many back and forth offchain comms, etc. With Atomic, InstantDEX can clear the tx with a single Atomic tx.

Atomic will actually enhance InstantDEX and InstantDEX will be an active client of Atomic. But Atomic is not just a helper for InstantDEX. It will be able to be the official record of any cross chain transaction for any client, not just InstantDEX

Ok, so it is quite an exciting thing and if there was a working version now, I would be in a buying panic too. But we must wait for the code, there are some significant tech challenges with this project.

James

This is absolutely awesome if it will happen.

But how should an investor make money out of it?
Are their some fees that will be shared between the shareholders or something?
At the moment the devs have 90% of the shares and it is currently valued as round about 2m$.
Even if they succeed it looks like financial suicide at the moment for the buyers.

Sorry for a silly question. But isn't that similar to your supernet?

The fees will be distributed to the assetholders and I am content to just collect these fees so I dont have any urges to sell even at the current valuation.

The exact details of the revenue share between the "miners" and assetholders is not determined yet. It needs to be high enough so the miners have the incentive to setup nodes with some extra for profits, the rest would go to the assetholders.

At the current valuation it is indeed a risk and represents a believe that in the future there will be quite a few Atomic tx. Since Atomic will do both coins and assets and the latter especially has the potential to include real world equivalents, eg. gold, etc. if you are believing that long term crypto decentralized trading will encompass more than just altcoin/BTC tradings, then the ceiling becomes bigger as to the number of Atomic tx that are possible.

Also, cryptaxe has 40%
JLH has 10% and it is a long term HODL
NXTventure assetholders (100+ people) have 10%
NXTventure itself has 40% and it is owned by 100+ people

While I will not venture to say what the proper value for Atomic is, the market has set this price and I have done my best to prevent any buying panics. Please do not buy Atomic if you dont feel it has the potential that is reflected by the price.

James

 :P so we can trade all coins without exchange .

Atomic will be inside the SuperNET core helping InstantDEX clearing the cross chain transactions in addition to being available for other clients

So, Atomic can be thought of as an enhancer to supernet trading function, the ticker tape where the SuperNET tx will be recorded.

We will be starting technical discussions in this thread on the implementation details so things will become clearer.

James

i cant seem to find atomic on the AE any more

jl777 is providing myself and the development team I have begun forming with advice and help. Please let me know if you have any questions in regards to ATOMIC features and how it is going to work!


No! Seeing what jl777 was doing with the superNET in general as well as InstantDEX was actually what finally reassured me that the project I knew cryptocurrency needed was now a possibility  :)

What does InstaDEX do, then?

I said I wouldnt intervene in the market tradings, but I think there is simply not enough Atomic asset to go around, so I have convinced cryptaxe to put 10,000 assets on the market at 60 NXT, which is a level that is significantly below the current market price.

Hopefully this will provide enough assets to satisfy the market's hunger for Atomic. If the 10000 is not enough, put more bids at 60 NXT to indicate interest and maybe more can be made available.

For those that purchased Atomic over 60 NXT, PM CryptAxe with your tx details and he will send you additional Atomic assets so your average cost per Atomic will be 60 NXT.

James

It dynamically creates orderbooks for arbitrary pairs of coins/assets and lets any two nodes in the SuperNET agree to the trade.

Placing my sell order right now  :)

You mean it finds the path of least resistance between any two pairs of coins?

[Just to put this in perspective: this means it has a $2,250,000 market cap.]

yes, and creates the environment for tradebots to do whatever they are programmed to

To put that into perspective, http://coinbrief.net/multi-key-bitcoin-wallet-bitgo/
$12 mil in VC was raised for multisig wallet co, so it seems the market and VC's are all saying that crypto is a promising market.

Maybe it is due to the power of the SuperNET?

No more waiting up for james to ANN.
instead just buy NxtVenture and wait for James to ANN the new dividends.
Moon.

can you believe NXTventure was being sold below 20 NXT just a short while ago

@jl777
I see description of NXTventure like "NXTventure will pay monthly dividends in the assets it acquires" and For every 10 NXTventure assets you own, 1 Atomic asset will be sent as a dividend.
my question is atomic will been paid NXTventure assets monthly?

No. NXTventure's business is to help issue assets, so its dividends are in the form of the assets it was involved in. The monthly was an estimate as to how often there would be a dividend. Once a particular asset is dividended out, that is it for that asset.

The details of each dividend is different.

Some months dont have any dividends, some have 4(!)

James

Does that mean that the person who sold Atomic to himself for 1000Nxt to set a high initial price could put in a claim for a huge amount of Atomic?

if is is dishonest on top of manipulative, he could try, but we will of course use common sense to weed out such nonsense

Awesome. :D

Hey James,I want to know how many stages are there(different prices?)?
And I know nothing about tech.Is it possible BTC guys will do something to prevent us from doing the cross chain thing(it is reasonable when I stick to Btc and reject any other coins)?

The btc protocol can't prevent us from doing that. It's easy to change the client and add some features, such as coindesk already did with its toshi.

OK,what features?

Thx for your reply.

any enhancements, that you want to do with your wallet. bitcoin is only the protocol between the clients, but what you do client side is your own decision.
anyone can write a new client.

What about the initial distribution?
10% for JH holders,10%for NXTventure holders,40% in James acc(belongs to James or?),40% in the ask 1 acc(the acc raise money for the project)?
What if the ask1 is sold out?Does it mean the first stage?

The way that I am implementing the exchanges will not involve the BTC Developers in any way. Atomic will make use of blockchain technology but a group such as the Bitcoin Foundation would not be able to make any changes to it or prevent BTC or any other coin from being exchanged via Atomic.

I do not own the 40% of Atomic personally, it is owned by NXTventure, which in turn is owned by 100+ people. I do own about a quarter of NXTventure, so indirectly I own about 10% of Atomic

There are no "stages", this is not an ICO. It was a NXTventure dividend and the dividend receivers set the market price. Due to the demand we had decided to make 10000 available. From time to time it is possible for more to be made available, but there is no set schedule

James

I have been watching this atomic cross chain trading thing for a while, and it is interesting to see that you guys issue asset for this relatively old problem.
The reason that this ATOMIC was not implemented before is because it is difficult. The closest solution is as below:
https://github.com/TierNolan/bips/blob/bip4x/bip-atom.mediawiki

But this is obviously not enough for what you have planned. Considering you guys have gotten million dollars in valuation, maybe you could hire really smart guys with this money to solve it.

It will be helpful if you could give more details about this POE/POG, and convince us that it will really work as you expected. Meanwhile, ATOMIC assetholders will not get anything before it is finished and the price of ATOMIC will be totally speculating before that.

Take this as risk reminder of the challenges in ATOMIC development, and I would love to see ATOMIC could finally come true.

By the way, you could choose the MGW approach, but even though there is multi-sig, you still have to trust the gateway, which is not perfect DAC. Another possible idea is similar to DPOS, and users dynamically elect agents to handle the exchanges. If this is what you want to do, I am in.

It is a difficult problem indeed and I have warned of the risks.

The POE and POG are the way to ensure that there are the most connections possible between all the various blockchains. if these do not exist, then making a cross chain tx is problematic. So think of this as the "bandwidth" for doing atomic tx. The bandwidth by itself is not enough.

Inside the MGW (multigateway) I am doing a primitive form of atomic exchanges, BTC for mgwBTC asset and vice versa. I have also done overlapped and synchronized micropayment channels using offchain exchanges of signed and validated transactions. not exactly atomic, but the performance profile is close.

So at the application level it is possible to achieve close to atomic exchanges, but there are always some issues regarding timing or some other things.

By having a "ticker tape" blockchain where all the atomic trades are recorded, this provides a single efficient place to verify the status of a tx pair involved in an atomic swap. Now if everybody were honest, then we would be done. Of course we need to prevent double spends, transaction malleability, etc.

So I am envisioning that at first an atomic tx will be having some chance of being invalidated, but as time passes then the confidence level grows, just as with any decentralized blockchain. There is a tradeoff between instant results and accurate results and the details as to what tradeoffs are chosen are not completed yet.

It is possible that the tradeoff decision is totally up to the client of Atomic. Since InstantDEX is a built in client of Atomic we will be working at the same issue top down and bottom up. It is likely I will release the InstantDEX without full Atomic support at first as it wont be ready yet, but there are several hard-coded ways to do the InstantDEX tx. The Atomic will just make my life a lot easier.

Stay tuned as we work out all these details and feel free to contribute with ideas, suggestions, criticisms, etc. We want an open process and invite all that want to help, to help!

James

Just added some details, and this is another reminder.

The closest solution for atomic cross-chain trading is as below:
https://github.com/TierNolan/bips/blob/bip4x/bip-atom.mediawiki

But this is obviously not enough, and another possible idea is to combine the idea of DPOS, and users dynamically elect agents to handle the exchanges.

so are there any more assets being sold for 60 NXT?

I have a buy order for 60 in AE.

MGW is more a proof of concept in this regard as the gateway function is similar but different from exchanging

with the miners available and adding some reputation system would allow for some semi-automatic method

clearly there is a tremendous need for a solution and now there is capital to fund the development, a ready mass market from SuperNET and so this is the explanation for the interest in Atomic

will watch this.

crosschain technology is hard to implemented but promising. :)

decentralization through jl777 seems a bit contradictory with the principle of decentralization  ;D

Part of the reason that I have said I was holding off on this project until I saw the superNET is exactly what you said, implementing direct cross chain trading is difficult. In the early stages of ATOMIC, relying on a multisig gateway (which as you said, is not a perfect DAC) in order to begin functioning is an option (I prefer making use of InstantDEX's decentralized opt-in style approach over a centralized exchange though). Atomic is however acting as a tickertape for these exchanges and actually performing the exchanges would be secondary to keeping track of and verifying them (the final version will be able to make exchanges directly from the api which I plan to implement a web application, mobile application and desktop application for). Once you have the ability to verify cross chain exchanges (whether atomic or not) via a singular blockchain rather than having to check the transactions on source and destination coin's blockchains I believe that decentralized exchanges such as InstantDEX will be able to cooperate with the ATOMIC network. This means that once ATOMIC is up and running using InstantDEX as a backbone, confirming and ensuring that all exchanges happen as securely and quickly as possible it will be then that the concept will be proven and tested enough in order to reach 100% DAC status. What this means is that once myself and the developers that join the project have proven and tested ATOMIC, in a controllable environment (making use of InstantDEX) it will then be ready to move on to the next stage. When dealing with something this complex in software you always want to work iteratively and ATOMIC is no exception. So I don't want people to apply all of the worries of the previous attempts at cross chain utilization to ATOMIC as ATOMIC isn't attempting to solve the issue in the same way.

I'm working on setting up a website with some more information about POE and POG right now. As soon as I have it ready I will be posting on this thread so that you guys can dive into the fundamentals of the project and hopefully more intelligent questions such as yours will flood into my inbox!

Atomic will start trading on bter soon

James

it seems not enouth,Can we buy it with 60nxt?

how about list this on coinmarketcap?

yes please!
I dont deal with things like that, but i think anybody can submit the request

here is the request form.

https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/formResponse (https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/formResponse)

it seems we need a logo and  a website.

how about dev team set a bounty for this?

thanks

I filled out the form. Just pointed to this thread for the web site and didn't specify a logo. Those things can be modified if/when they add it.

how to list this on coinmarketcap:


we need these things:


1 What is the coin's official website?

do not have one?

2 Which exchanges is it traded on? List all that apply.

https://bter.com/trade/atomic_btc (https://bter.com/trade/atomic_btc)


3 Please provide a URL that shows the total number of coins in real time.
Required. For example, Darkcoin's total number of coins can be found at

https://nxtblocks.info/#section/assets_exchange/market/11694807213441909013 (https://nxtblocks.info/#section/assets_exchange/market/11694807213441909013)

4 Please provide a URL of the coin's official logo

we need a logo.

5 Please provide any other information that would be useful.
e.g. announcement thread links

https://bitcointalk.org/index.php?topic=780833.120 (https://bitcointalk.org/index.php?topic=780833.120)

thanks, it seems we need a logo and a simple website for this.

hope they can add a bounty for this.

also if we want some promotions, we need some articles to introduce this asset.
only few people know this asset. also some of them may do not know how buy or sell asset on nxt blockchain.

I don't think so, several AE assets are listed and not all of them have a web site or a logo. But, still, having those things would be nice if someone wants to spend them time to make/host them.

I have been working with a graphic designer and should have something soon!

you are right.

coinmarketcap have 2  different listing board.

Currencies and Assets.

Atomic may been listed on the Assets board.

here are the all Assets been listed on coinmarketcap.

http://coinmarketcap.com/assets/ (http://coinmarketcap.com/assets/)

1   MaidSafeCoin MaidSafeCoin   Mastercoin   20,619 BTC   0.00004556 BTC    452,552,412   39 BTC   3.18 %   
2   InstantDEX InstantDEX   Nxt   4,002 BTC   0.00400198 BTC    1,000,000   2 BTC   0.61 %   
3   jl777hodl jl777hodl   Nxt   3,553 BTC   0.00035527 BTC    10,000,000   37 BTC   7.53 %   
4   sharkfund0 sharkfund0   Nxt   3,424 BTC   2 BTC    1,374   5 BTC   6.19 %   
5   SuperNET SuperNET   Nxt   2,368 BTC   0.01035390 BTC    228,679   152 BTC   0.62 %   
6   Swarm Swarm   Counterparty   2,210 BTC   0.00006892 BTC    32,060,494   0 BTC   0.03 %   
7   Coinomat Coinomat   Nxt   1,808 BTC   0.00060283 BTC    3,000,000   10 BTC   1.01 %   
8   Nxttycoin Nxttycoin   Nxt   1,780 BTC   0.00000890 BTC    200,000,000   41 BTC   -12.25 %   
9   Storjcoin X Storjcoin X   Counterparty   1,710 BTC   0.00004124 BTC    41,469,270   11 BTC   6.61 %   
10   NEMstake NEMstake   Nxt   1,551 BTC   2 BTC    775   22 BTC   2.17 %   
11   MGW MGW   Nxt   401 BTC   0.00040095 BTC    1,000,000   2 BTC   1.51 %   
12   LTBcoin LTBcoin   Counterparty   179 BTC   0.00000145 BTC    123,600,368   0 BTC   2.23 %   
13   ReserveShare ReserveShare   Nxt   91 BTC   0.00009061 BTC    1,000,000   1 BTC   -19.49 %   
14   FoldingCoin FoldingCoin   Counterparty   38 BTC   0.00000103 BTC    37,500,000   0 BTC   5.78 %

will ATOMIC been added into the superNET?

ATOMIC is being designed from the ground up to seamlessly become part of SuperNET core

That's really  great.

hope coinmarketcap can list this asset. :)

Progress update:

Artwork:
I have received numerous applications from the community from talented artists who want to work on the ATOMIC project (thank you) and have selected one in particular with a promising portfolio. He is working right now designing variations of a logo and a few other bits of artwork for ATOMIC so that the community can select the best. He's also going to be making all of the graphics for the software and the website! As soon as I have received the first round of artwork (he says it will be ready this Wednesday) I will ask him to introduce himself on this thread to the community and then he will be added to the team page on the upcoming website.

Development:
A second C++ developer is currently in the process of joining the team (He will be posting here and added to the team section of the website ASAP)
All development of ATOMIC will be viewable on GitHub and the ATOMIC website as soon as the domain is announced (waiting on artwork and a few other things)
I am also seeking a developer with QML/QtQuick experience, please send your info to cryptaxe@gmail.com (this position will also be posted on coinality)

Website:
Domain name (TBA) has been purchased and the website is just about finished (mainly waiting on the artwork). The website will be used as the main area to find documentation, discussion, and statistics (number of peers, average transaction time, etc) of the ATOMIC network. We are going to need to implement a blockchain explorer with some slight differences to the current open source options and are seeking a member of the community who would like to work with me on this segment of the project when the time comes, send your info to cryptaxe@gmail.com.

I'd also like to announce that starting in October, the ATOMIC team will be holding weekly (or more) google hangouts to be used both for discussion and planning within the development team but also to allow the community to ask questions, provide feedback and make suggestions. I have found someone who may fill the position of a discussion moderator as well as assist with organizing questions from the community and filtering out spam/FUD but if you would like to apply send your info to cryptaxe@gmail.com

That's all for now but I look forward to answering any new questions that you guys may have  :)

Another update:
I have posted the job that I described in the above post on coinality: https://coinality.com/jobs/c-qmlqt-or-android-dev-mobile-app/

Will any more Atomic assets be issued at 60? There are currently 3 buy orders at that price.

has been listed on coinmarketcap:


http://coinmarketcap.com/all/ (http://coinmarketcap.com/all/)

34   ATOMIC ATOMIC    $ 1,244,796   $ 2.07    600,000 ATOMIC *   $ 44,942   ?

but it seems the total number is wrong?

we have 1000000 ATOMIC, not 600000 ATOMIC?

somebody should get them to fix this

They normally only list asset that have been distributed. So if some of the assets are held by issuer and not traded then they don't include it. Nxttycoin had the same problem. The issuer is holding coins in reserve for later distribution, thus when coinmarketcap found out they reduced the number of assets listed, reducing its displayed marketcap 5 fold. (Dunno if that is the issue here, but it could be.)

NXTventure issued it, but it has already been dividended out and fully tradable, not that there are any plans other than long term HODL

I'm going to find out tomorrow whether or not the second C++ developer is going to be joining the team. I've had 3 applications from the community for the mobile developer position and I'm going to be interviewing them in the next few days but more applications are always welcome!

We've had a member of the NXT community join the ATOMIC team to promote the technology as well as manage social media accounts etc, He should be stopping by to say hi soon!

Here is the reply from the coinmarketcap:


There's nothing wrong, it just excludes the issuer account's tokens from the available supply count since they're not available to the public.  If you want to see total supply count there is a separate page for it: http://coinmarketcap.com/assets/views/market-cap-by-total-supply/ (http://coinmarketcap.com/assets/views/market-cap-by-total-supply/)

Could someone summarise in a nutshell what's special about this coin, beyond the jl777 involvement?

yes, we need some introductions and promotions.

While ATOMIC does make use of blockchain technology is it not a typical altcoin that is mined in the standard way. The most important thing that ATOMIC will introduce into crypto-currency is a single blockchain that can be used to verify transactions between the blockchains of different coins. For example in the past to purchase something at a store that accepts dogecoin, and you only have BTC, you would have to sell the BTC for dogecoin, wait for that transaction to complete and for their to be enough confirmations on the network all before completing your purchase. With ATOMIC you need only wait for the single ATOMIC blockchain to confirm the exchange (this is where POE, proof of exchange) comes in.

Is there any revenue in the Atomic asset? Will people have to buy Atomic to make use of services, will it be scarce?

You will not need to purchase assets in order to use the service!

Actually I meant: why would investors buy this asset? Why will it go up in price? :)

I see a value in being able to use any cryptocurrency at businesses that accept various coins which you may not have in your wallet as well as being able to make instant exchanges between currencies and verify all of the transactions on one blockchain rather than several.

LOL! I absolutely agree on the value of the service, but investors are more interested in the price of the asset.
Does the asset increase in price? Are there fees? Dividends? Or should we consider any investments in it a 'donation' for a good cause?

just buy some. ;D

the assetholders will receive prorata percentage of the recording fees, net of what the miners are making

Thanks, James, for your answer about future revenues. I feel dumb, but could you elaborate on what 'recording fees' are? I've never heard of those (outside the music industry ofcourse). How does mining enter into this? :)

I googled it, and Bitcoin wiki says: "Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin"

By recording fee, I mean to record a transaction pair on the "ticker tape".

Imagine the Atomic blockchain as a ticker tape for all the cross chain trades. The miners that are on both blockchains for a specific trade are the ones that record it into the blockchain. For this there a small fee (details not determined yet) and this is used to compensate the miners and the assetholders.

If the fees charged are too high, then nobody will use it. If the price is too low, it wont add up to much even if the volumes go sky high. So the exact pricing model cannot be determined until there is actual usage data and it will probably be maximized using some sort of auction process.

Now let us imagine a world a bit into the future, where real world transactions are wanting a blockchain to record important things, eg. contracts, deeds, etc. How many such things are happening? Can recording fees of a few dollars be charged? This is the type of expansion into the real world that Atomic can achieve. Of course, being integrated into the SuperNET as the default ticker tape blockchain will provide for a nice baseline level of revenues.

Atomic is still early stage. You can help its future with ideas on how to monetize a "ticker tape" blockchain

James

Update!

I'm very happy to announce that we have taken on the additional C++ developer that I told you guys about and we have also received the artwork that all of you have been anticipating.

Logo/Style voting:

I have created an imgur album which shows all 5 of the style options here: http://imgur.com/a/pHBJb#0  (http://imgur.com/a/pHBJb#0) Please take your time to look at all 5 of the styles in the album and let us know which one your like the most or give us any suggestions that you might have! Please leave a comment with the number (1-5) of the style that you like the most! If you leave your NXT address as well you may also receive a small reward of ATOMIC assets  :)

Style 4:
https://i.imgur.com/ctfJq7O.png

desciption/info on bter incorrectly contains information for FreeMarket
does seem to have the correct asset id though.


ATOMIC Asset (ATOMIC) Info
ATOMIC NXT Asset ID: 11694807213441909013. Total Assets: 1,000,000. FreeMarket is a decentralized marketplace that supports physical items for an initial fixed listing cost of 7.77 NXT. Please check the official website http://nxtfreemarket.com and the official thread https://nxtforum.org/index.php?topic=5408.0 for any changes and updates. A 20% revenue sharing agreement with SuperNET allows for 80% of the listing fees to be distributed as dividends.

[url]https://bter.com/trade/ATOMIC_BTC[\url]

Definately love number 4. It's so clean and clear and the colour works really well. 3 is good too but I feel that red works better. 1 and 5 are just too childish feeling.

NXT-5VRS-6H2G-GJJH-AVMFV

I like Style 4 and Style 2. However Style 2 looks like atomic hazard logo ;D.


If you don't mind here is my simple modification of the Style 4:

https://dl.dropboxusercontent.com/u/916428/forum/atomic_01.jpg

https://dl.dropboxusercontent.com/u/916428/forum/atomic_02.jpg

https://dl.dropboxusercontent.com/u/916428/forum/atomic_03.jpg

I like Style 2 Best  :)

NXT-7WWM-Z57T-5MSK-7AJYC

Call me crazy b ut I like the original better. The 3d centre mixed in with the 2d design style really speaks to me about what Atomic is all about... breaking barriers. Of course that could just be me and such a look is breaking many design guidelines. If I  had to pic one of these three, I'd have to say 1 but something feels off about it.

l like styles 2 and 4 the best as well. 2 is good for the sake of keeping the logo simple but distinctive. It looks like a radar display pinging the other blockchains. 4 is more elegant, but will be hard to display as a very small logo.

NXT-LEH6-UQ45-A7R6-5QD93

imho style 4 looks the best, although i dont really like the red background colour.

would it be possible to have more dark/grey metallic colours in it? something that looks more futuristic.

tbh seeing this sea of red instantly let me thinks of communism  :P

Thank you for the feedback I agree with you  :)


I will ask the artist about making a darker/more futuristic looking version of style 4! Thanks for the feedback  :)

Those look great! I'm going to send over all of this info to the artist right now. It looks like the general consensus is that style 4 is the best overall. Everyone that has voted should have received some ATOMIC by now, if not please PM me with your NXT address!

This one is my favourite.

Update: We will be appending this information to the ATOMIC technical document

ATOMIC Ledger Process

Brief: As ATOMIC will act as a single “ticker tape” that can keep track of exchanges between all crypto-currencies, assets, or any future blockchain related technologies, how will we keep track of and verify all of the exchanges in a decentralized way? One part of the ATOMIC network called the ATOMIC Ledger (the blockchain of the network) will make use of newly available attributes of Bitcoin transaction scripts for a portion of the process. If you would like to read more about transactions scripts there is a great article on the wiki: https://en.bitcoin.it/wiki/Script

Coinbase header script data (Block):
   Upon the generation of a block the generation transaction contains the coinbase which can contain any small amount of random data as it is the input of the generation transaction. Bitcoin core currently does not actually make use of this data so there is no risk in ATOMIC appending transaction information. Some mining pools will append the name of their pool or other information for example. While the data isn't seen by most users of Bitcoin, the data can be accessed via the RPC interface or directly as strings from the blockchain database file stored locally. This small data area of each block in the blockchain is a great place for ATOMIC to store information that must be verifiable by all members of the network and backed by a decentralized blockchain. As the amount of data that we can fit into the coinbase is very small (the entire script must be less than 100 bytes) this area is going to be lightly used.

OP_RETURN data (Transaction):
   The main area that ATOMIC will be appending information however will be within the OP_RETURN attribute of transaction scripts which has been enabled in every transaction since Bitcoin core version 0.9 was released. ATOMIC obviously does not use the same blockchain as Bitcoin but it is good to know that the OP_RETURN attribute has seen major use for a long period of time in the core Bitcoin network which means it has been well used and abused. As this feature has been well tested we can take a look at both the positives and the possible drawbacks of using OP_RETURN as a solution for appending small amounts POE related data.
   OP_RETURN data is different from the coinbase data described above as instead of being part of each block generated, OP_RETURN is a part of every transaction. This means that when the ATOMIC network has confirmed an exchange via POE or when an exchange is being broadcast to the 'miners' of the network in order for it to be confirmed we can use OP_RETURN to store relevant data. With this portion of the ATOMIC ledger process we will be able to broadcast, verify and store exchange information in a 100% decentralized way. As with the coinbase of each block described above, the OP_RETURN data from transactions is not displayed to typical users of Bitcoin unless they request the information from the command line or manually view data in the blockchain. We will be developing an open source addition to current blockchain explorers which will allow this information to be viewed as the ATOMIC network will need to.

Multiple forms of verification:
   Another benefit of making use of these two separate areas of decentralized storage is that by design the messages in the block coinbase can only be generated by the miners of network where as transactions may be generated by any user. One option for a slight amount of added security would require that all new 'miners' go through a significant verification process (ruled by the network not by a central authority) similar to the waiting period that is required by Proof Of Stake coins before they will begin minting coins. This would mean that in order to be able to actually add data to coinbase you must have already proven your node as being reliable and stable.

so what is the point in coins having individual block chains? seems like everything will just merge onto one blockchain in the future, if this project is a success. very cool if this works out..actually this is a pretty big deal. so much great stuff coming out right now!


for revenues - it will be just like NXT's PoS? all transaction fees will go to asset holders?

the miners will need some fees, but the majority will go to asset holders

We need all the different blockchains to preserve decentralization. Having just one blockchain for everything is a bit too centralizing in my opinion. Like SuperNET that connects all the coins at the RPC API level, the Atomic creates a shared record, so it is all part of creating a "single" crypto ecosystem but composed of all the different current and future cryptos.

Plus in practice there is no way to get everyone to just agree on one blockchain.

Atomic will become the official ticker tape of crypto and eventually even real world transactions as they migrate into crypto.

James

Couldn't have said it better myself, ATOMIC will allow any coin to integrate but has no goals of monopolizing the blockchains :)

amazing idea

You can say that again. It helps any coin integrate.

Brilliant. SuperNET is having a calming and charming effect on BTT too!

I actually like the no 1 icon - it gives a very friendly and welcome feeling.
and I like the idea with the empty sections that could be used to fill in different colors for different sequences or progressing steps at various stages in a program or wallet..

NXT-M888-3RBA-HVWZ-CV4YY

The general consensus has already decided on style #4 but I would like to thank you for voting and you'll be receiving some ATOMIC  :)

I like this hybrid project.

Update:
As we are wrapping up the process of getting the ATOMIC blockchain running for testing but before we actually generate the main net genesis block we would like to hear the opinions of those in the community about a few of the variables that we have had to set such as block time and number of coins.

Block Time:
   When deciding on what we wanted to make the block time for the ATOMIC network we took many things into consideration. First of all we wanted to make sure that the security of the blockchain was not compromised. When setting the block time you are playing with a double edged sword. Faster block times mean faster, but some would argue less secure transactions. Longer block times are arguably more secure but transactions take significantly longer. For example the original Bitcoin blockchain has block times of 10 minutes, while Litecoin has a block time of 2.5 minutes and Dogecoin a block time of just one minute. Although ATOMIC is not another altcoin it is just as important to the developers that we find a time fast enough to enable the advances we want to make with ATOMIC without compromising security. This is why we have settled for a block time of 5 minutes which places us right in between the block times of Litecoin and Bitcoin. We believe that a 5 minute block time is the best possible solution to reach a balance of speed and security on the ATOMIC network.

Number of coins:
        As ATOMIC itself is not a 'coin' and we are making use of transactions as a method of storing ledger information we believe that setting the number of coins to be generated to infinite is the best option. ATOMIC does not have to face the same issues as Bitcoin in regards to maintaining value by acting as a deflationary currency as it isn't a currency at all. Other well tested crypto-currencies like Dogecoin have adopted an infinite number of coins as a way to ensure that their miners will never leave once the rewards dry up. ATOMIC would be making use of an infinite number of coins simply to ensure that new blocks will always be generating which is required for ATOMIC to act as the main ledger / ticker tape of all cryptocurrencies. While it may not be an issue right now, 5 years from now we do not want ATOMIC to run out of blocks!

We are open to discussion on these topics and we would love to hear any arguments for alternative values which may work better for ATOMIC, although we have put a lot of time into making these preliminary decisions.

2x bitcoin frequency is what I would have recommended and that happens to be 5 minutes!

I was thinking that the miners would probably get more from InstantDEX revshare than whatever the coins they mine would be worth. Not sure what utility the coins actually have here (other than being able to use existing codebase and they all spit out coins from coinbase) and maybe some speculative market will be created, or maybe there will be some use for these coins that we come up with.

OK, I came up with a use!

Not all blocks will have the same value. One block might have a DOGE<->LTC swap another could be recorded a Legal Deed for a real estate transaction. The InstantDEX revshare would be based on the economic value of the tx a specific miner was involved in. This will be quite "lumpy" and provide results like solo mining. The coins could be the equivalent of a mining pool. The InstantDEX revshare could be allocated between the specific miner and the entire set of Atomic miners.

If this split is 50/50 (maybe 2/3 vs 1/3?) then the revenues allocated to the entire set of Atomic miners would be allocated based on the number of coins they have. Basically each coin would be a share of the mining pool and when there are revenue sources other than just InstantDEX, this could become quite a bit larger than a share of 0.1% trading commissions

The coins are perfect to represent the proportional value of mining, but I dont like the rapid emmissions that a lot of coins have. It gives the earliest miners a disproportionate number of coins. Hopefully we can get a lot more linear emission, so that a miner joining later is making close to the same rate. After all there is no arms race for hashrate, so any sort of exponential difficulty increase seems wrong.

James

@blocktime

i agree, nothing much to add there.

@number of coins

i think the two most important reasons to mine a coin is either the miner believes and want to support the coin or mining for profit.
like you said atomic is actually no real coin in a sense, so it will be very important to give miners an incentive to mine.

is it possible to create a system where the amount of circulating coins is dynamicly adjusted?
imho a stable price which is profitable is a very good incentive for miners. 

That's a great idea in some ways it reminds me of the way that the USPS handles insurance levels on shipments. The higher that the declared value is, the higher the insurance cost and thus higher the rewards for the miners(or postal workers ;) ). I actually considered making levels of miner based on things like number of coins in wallet and the age of the coins in order to help decide what nodes are the most active an reliable so you have given me inspiration in that area as well! I'm going to keep all of this in mind and post back here once we have the process written out in detail and figure out a way to maintain a level playing field for newcomers.

I will look into adjusting the number of coins in circulation but I'm 99.99% sure that's impossible as that capability would probably not be wanted in a decentralized currency because it would be seen as a backdoor of sorts. Also keep in mind that with many kinds of assets or even blockchain based things we haven't imagined yet moving through the ATOMIC network it could be possible to reward miners in mores ways that one. That would be another thing that I haven't heard of in any other crypto-currency.

Maybe it's a good idea to totally avoid the word 'coin'.
Call them 'tokens'.

Yeah that's why I've been putting 'coin' in quotation marks most of the time because it's still questionable how the 'coins' will be used. I think we will start calling them tokens from now to avoid confusion until we make a final decision.

Proof Of Gateway Summary (more details soon)
   POG or Proof Of Gateway will be an important part of the ATOMIC network as its responsibility will be to keep track of and measure the statistics of each node on the ATOMIC network. These statistics collected by the POG process will be used to determine which nodes on the network are the fastest and most reliable among other things and thus deserving of larger rewards. Once a node on the ATOMIC network has qualified as a full node (which is described in the next paragraph) the following attributes will be used to rank the node in comparison to all other nodes.

*Connection: Those wishing to profit as 'miners' on the ATOMIC network should be running nodes 24/7  on reliable systems with reliable connections. This does not mean that users who wish to open the software every once in a while will not be able to profit as a node, but those with dedicated nodes will be heavily favored to benefit the network.

*Age of held coins: In order to maintain a level playing field for newcomers this will be the least important of all of the attributes that will be used to rank nodes. The only good decentralized way for us to prove that a node has been a member of the network for a long period of time will be via the coin-age attribute. Nodes that have coins held which have a coin age of over 30 days will receive a slight boost in the rankings to reward their consistent participation in the network.

*Number of successful additions to the ledger: Each addition to the ATOMIC ledger will boost the rankings of the responsible node and the first nodes to confirm the addition.

*Number of blockchains the node has access to: The more blockchains that a node of ATOMIC can keep track of the more significant the reward to the node will be and the higher the chances will be that your node will be selected to be involved in the first steps of an ATOMIC exchange.

In order to be considered a full node, the node must pass a series of tests many of which are already built into Bitcoin core. The blockchain must be in sync, and the correct ports to allow outside connections must be forwarded. For most users, this will mean that NAT port forwarding must be configured. This is the same process that Bitcoin wallets require in order to run as full nodes and participate in the network by allowing new nodes to get in sync with the blockchain.

There are a few more tidbits that I don't want to release yet in regards to this process but I think they will be well liked by this community.

Note: CryptAxe will be managing blockchain seeds similar to the starter seeds available for Bitcoin and some other crypto-currencies. This means that you will not need to wait for days while the blockchain syncs up once it has reached a large enough size and can simply torrent the majority of the blockchain ahead of time. (this torrent will be recreated as demand requires but most likely monthly or on a per GB added to the blockchain basis)

there will be fees for the recording of the tx pair and these fees will be accumulated for dividends to assetholders

The specifics on fees have not been determined yet and it will be optimized. Clearly if it is too high then nobody will use the Atomic blockchain, so we need to test different fee structures to make sure it is not impacting usage.

InstantDEX plans to use the Atomic blockchain, so it will have a built in default customer.

James

Update: I spent a whole lot of jl777's time discussing how we would implement this and a lot of people have been asking so I would call this a big update :)

Atoms

An explanation of how the coins on the ATOMIC network will work as well as information about the fees, rewards and profit to both miners and shareholders of ATOMIC assets

Coins:
  As the ATOMIC network is making use of blockchain technology but is not just a typical altcoin we have decided to call the coins on the network Atoms. Atoms will be used first as a way to append transactions onto the ATOMIC ledger, and second they will be used to reward nodes on the network, or 'miners'.

I. Appending Transactions:
  Atoms may or may not contain information related to ATOMIC exchanges. For example if a user pays to exchange NXT to BTCD, the Atoms used to facilitate the exchange will contain information to verify the exchange which will inherently be added to the ATOMIC Ledger in the next block on the chain. Adding this extra data will make the transactions larger (in bytes) and the more coins that are sent, the larger the transaction will be.  Users will also be able to send Atoms directly between themselves without adding any of this extra data so the backbone of the network will not be strained, and the blockchain will not increase greatly in size for transactions between users that are not part of an exchange. This selective process will allow the coin to be used both as a regular coin with no additional functionality while at the same time allowing the network to append exchange information without any additional setup, delay, or any difference at all in how the coin functions as far as the end user can tell.

II.  Reward miners:
  The cost of mining ATOMIC is much lower by comparison than the cost of mining Bitcoin or Litecoin. Instead of setting up miners with expensive ASICs, crypto-currency enthusiasts may profit by running the ATOMIC software on just about any platform you could imagine from Raspberry Pi's and desktops to VPS instances. What this means for miners is much more steady as well as larger profit margins which are influenced more by participation in the network than the total hashrate of the network.

Fees:
The fees on the ATOMIC network will serve to reward both the miners and asset holders. The standard transaction fees required by blockchain technology will be rewarded directly to the miners (according to the Proof Of Gateway protocol described earlier).
   
The asset holders will receive dividends in the form of the accumulation of non-Atom transaction fees. For example if user A with Bitcoin wants to send money to user B who only wants Litecoin, user A will pay a tiny fee in Bitcoin to a special address that will initiate the exchange. Due to the  nature of the ATOMIC network, the exchange requires that the user also have enough Atoms in their wallet to cover the transaction fee to the miners.

This process gives the power to set the price of Atoms to the nodes on the network while also rewarding asset holders directly with fees collected by the exchange process.

   

   

Hey everyone, just wanted to let you know that I have uploaded the documentation with all of the updates so far and a few additional tidbits in odt and pdf format to the website and you can download both of them right here: http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033) The website is almost ready to go, you'll see that we have added some graphics as well as a status area which will be used to show how many nodes are up, how many transactions have made their way through the ATOMIC network, the size of the blockchain and the number of downloads of the wallet. You can also feel free to join the mailing list that we have setup by clicking the big yellow button.

Right now the other dev and I are working on the finishing touches of the alpha build. I still need to finish up the user interface (Qt) but if I get it done today (fingers crossed) I will be sure to post some screenshots for you guys.

Hi, I'm Eureka from China, a skilled C#  programer.
I believe decentraliation will change the world.
I'm the only author of the cointrade platform (website developed by me too: http://cointrade.pw  (http://cointrade.pw) ) ,Metro style using C#,WPF,MEF and so on, and you can
view Chinese screenshots here:https://bitcointalk.org/index.php?topic=324469.0 (https://bitcointalk.org/index.php?topic=324469.0) and English screenshots here https://bitcointalk.org/index.php?topic=384366.0 (https://bitcointalk.org/index.php?topic=384366.0)
I have developed many software (see http://eesoftware.com (http://eesoftware.com)) and many websites (see http://www.ee-studio.com (http://www.ee-studio.com))
Now I will be working on the ATOMIC team building a community in China as well as helping them with development!

Looking good gang...keep up the good work. Eureka, well done on the development move in China. Good luck in the coding.

Welcome to the team Eureka you will be a huge help to this project and I'm glad that we have you on board! With Eureka's help we will be able to cross language barriers and help our friends in China start using ATOMIC and his help as an additional programmer on the team means that we can start moving development even faster  :)

Just to let you guys know we now have a section of our own on the superNET forum here: https://forum.thesupernet.org/index.php?board=39.0

Can you inform us a bit more about how this will work?
Will it be a wallet-kinda-thingy? Forging?

jl777 do you ever finish what you start, or do you just make 999 new coins and assets with empty promises?

If you take a look at the documentation http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033) (I'd recommend downloading the odt or pdf so it's easier to read) you'll see that we are rewarding miners with two new protocols. POE (Proof Of Exchange) and POG (Proof Of Gateway). The actual process will appear to be somewhat similar to POW for miners however this process will not involve any special mining hardware like ASICs or GPUs. You would simply open up our wallet and (if enabled) automatically begin processing transactions on the ATOMIC network.

Since you are interested in more details and others may be as well I will work on getting a more detailed explanation of POE and POG into the documentation. Let me know if you have any other questions and you can keep checking here or join the mailing list on the website if you want to be alerted when we make the updates to the documentation  :)

@CryptAxe
No no mate - the info I quoted from your post above was all I needed thanks :)
No need to waste precious time writing even more :)

Thank you! I'll end up adding the info anyways later though just for anyone else interested.

ATOMIC is not a coin, please read the thread  ;D

Or the documentation :) http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033)

Speaking of documentation, I've just added the final bits of information to version 1 of the documentation. The next revision will be a big one involving code samples, info graphics and we are currently in the process of working on an explainer video (this is being outsourced so it does not take away from our coding time). I hope that you can take some time to read what I have added to the documentation and leave any comments or questions!

Download the full documentation:
http://atomicdac.org/?page_id=11033 (http://atomicdac.org/?page_id=11033)

Proof Of Exchange Summary (more details soon)
   POE or Proof Of Exchange is arguably the most important contribution to crypto-currencies that the ATOMIC project will make. Proof Of Exchange is the process via which the ATOMIC network will make use of the information appended to the ledger (please read the beginning of this document for an explanation of how we will be appending the data). Once an exchange has been submitted to the ATOMIC network, it will undergo the following process and be processed according to the POE protocol.

*Initiation of exchange or transaction(s): At this point in time the cooperating exchange will have already begun the process of the exchange and will now have submitted the required information to the ATOMIC network and its nodes in order to begin the POE process. 

*Script check: The ATOMIC network will then check the transaction script's OP_RETURN attribute which will have been appended to the initial transaction to make an initial confirmation that the transaction is legitimate. This is a denial of service prevention technique which will be explained thoroughly prior to release but for now just realize that this is the least important of the security checks on the network and is entirely to prevent blockchain bloat or attempts at a massive number of false exchanges, although such attempts would be pointless due to the nature of the POE process

*ATOMIC Exchange Data: Now that the transaction has made its way into the network, but has not been appended to the blockchain (the block will not have been mined yet) the first check which is explained in the Multiple Forms of Confirmation section of this document will be performed. This involves reading the OP_RETURN information (which any wallet on the network may append information to) and if the data is valid, ATOMIC will move on to step two. Please note that the exchange will not have been confirmed at this point, it has only proven itself to possibly be valid.

*Header Data: Next, as also explained in the multiple forms of verification section, the coinbase header will be checked. Unlike the previous check however, this data is not open for appending by any member of the network. Only full nodes that are in 'mining' mode on the ATOMIC network which have proven themselves via the POG protocol are able to append information to this area of the ledger.

Hi CryptAxe. I am cross-posting a quote from CIYAM (Ian) who was working on automated transactions for NXT (AT will launch on NXT testnet on Oct 15...up to devs and community to go live). CIYAM has now decided to work with the Qora platform if enough crowdsource funds are raised.

Link to ANN: https://bitcointalk.org/index.php?topic=522102.msg9125859#msg9125859

To the point: please see the bold below. It appears that Ian and his team are working on a similar project as ATOMIC. For now, it appears that it's done with a unique language created by Ian.

My purpose here is to simply be a messenger and I would hope that you and CIYAM would at least communicate ideas so not to waste time and energy. Maybe there is a chance for collaboration.

From what I know CIYAM and some members in the NXT community are in a ruffled state (nothing like a successful product to mend wounds) but that's really beside the point. Simply for what it's worth.

I wouldn't mind them using the code from the demo we are releasing if it helps them out  :)

Hi everyone, i am criptix from germany and from today on i will be working as the community manager for Atomic. I will support the development team by handling matters regarding the forum, social media and marketing for the english and german speaking area!

I started to get interested in crypto early this year and begun to mine different coins while learning alot about cryptography,
economics and daytrading.
I am sure crypto is here to stay and just needs some fine-tuning until it will reach mainstream.
I believe bitcoin created a new road by being decentralized and open source - now 5 years later we have hundreds of new coins and
assets build on different decentralized public ledgers.
The main problem i see is that the majority of trades between cryptocurrency/assets depends on centralized exchanges.
A new way was MGW being distributed.
And now we have Atomic which has the vision of closing the gap completely by enabling a decentralized exchange between different cryptocurrencys/assets.

I am sure we can build a strong community around Atomic which will in the end support the whole Cryptoverse.
Good times ahead friends :)


Greetings
criptix

Nice one! Welcome criptix.
I'm super curious how this will turn out!

If you'd like to get updates quickly there is a mailing list on our main website www.atomicdac.org :) By the way if you check the site in the next 20 minutes and it looks broken it's because I'm messing with it

This is from a thread on the superNET forum but I thought everyone here might want to see it too:

so ATOMIC is advertising the prices of coins across all exchanges within a block chain?

maybe this - atomic is advertising the transactions between coins across all exchanges within a blockchain? i'm not sure i understand why someone would want to participate in this? what is the incentive?



visualized it would look like this

http://i58.tinypic.com/f3yvk.png



mining is not traditional mining (PoW), but more like a PoS system? the more tokens you have, the more likely you are to earn rewards for that block?
more so PoS. much like when you open a wallet (like BTCD) and receive XX amount of BTCD relative to the size of your stake. Not sure what the incentive is to collect tokens though? to collect more tokens? which are profitable how?

what is the difference between Atomic Asset and "Atom" (token)
atomic asset holders will receive dividends for transactions (in BTC?) while atom holders will receive atoms as a forging reward

oh, so in order for a transaction to be put onto the atomic block chain, users will have to pay Atoms (tokens). then miners will be able to mine these tokens in a system similar to PoS. all they have to do is have a full node

why would someone want to pay tokens for their transaction to go onto the Atomic chain?



\

Hi visual,
thanks for your questions and let me try to answer them:


I think the best way to describe Atomic would be a decentralized exchange based on the bitcoin technology.
Basically it is a decentralized exchange run by everyone who wants to participate (as a miner) in the Atomic network.
Imagine bittrex or cryptsy without the need of a website - pure and straight cross-blockchain trading of coins/assets, that is Atomic.
You can see mining in the Atomic network as a process of exchanging coins/assets between different ledgers.



The mining process is based on two new protocols:
1. Proof of Exchange
2. Proof of Gateway

Proof of Exchange is the protocol that trades coins between different ledgers - it makes use of bitcoin transaction scripts and the coinbase header.
Proof of Gateway is to make Atomic as efficient as possible - it is an algorithm to rank and reward the miner(s) of the Atomic network based on how reliable, fast etc they are.  
For example holding Atoms for more then 30 days will be rewarded with a slight ranking boost (least important).
Atoms will be needed to use the Atomic network aka cross-blockchain trading of coins/assets.



There are two kinds of fee's:
1. Transaction fee's on the Atomic ledger payed with Atoms
2. Non-Atom fee's payed in the respected currency/asset which the user wants to trade.

I.e. User A wants to trade BTC -> BTCD. User A will have to pay x Atoms (1) + x Bitcoins (2) to a special adress.

The Atom fee's will be payed to the miners, the non-Atom fee's will be payed to the Atomic asset holders.
 




because they would be able to exchange one currency/asset directly into a different one without the
need of centralized points of failure exchanges :)

right now what i understand is that the process will be fully decentralized and trustless - this is a total new level which we didn't saw yet.

if you didnt read the documentation yet, it already has alot of information and will be updated along with the working process:

www.atomicdac.org

I hope i could help you and make some points a bit clearer, if not just ask  ;)

The user experience will not require any purchasing of tokens prior to making an exchange. If a user has Atoms in their wallet already, then those Atoms will be used to append exchanges to the ledger. Otherwise in the case that a user does not have any Atoms in their wallet, they will automatically be included in the ledger fee (which is insignificant). So one never has to worry about funding their wallets or anything like that, but they can if they want to. I suggest you also take a look at the POG section of the documentation as criptix has pointed out, it explains how the Atoms are going to be used for multiple purposes including measuring the age of nodes using the coinage of their oldest coin!

So this "decentralized exchange" called Atomic will be embedded in a GUI? (supernet GUI I'm assuming?) Which users can use to input trades with whatever pair is supported on the network.

As opposed to now where exchanges hold wallets for coins. To get NXT, you have to pay BTC usually. But if you had a coin like Bitstar and wanted NXT, you would have to convert to BTC and then you could purchase NXT because there are no BITS/NXT pairs.

With Atomic, I could just put up a BITS ask within the BITS/NXT pair and trade peer to peer? During this transaction, I will have to pay a fee in BITS and Atoms.




So if a person has no Atoms, they will pay extra in whatever coin they are exchanging?

We have our own GUI, but you got the rest of that correct. You could trade any coin pair as we do not maintain any wallets at all so as long as there is a node with the coin available, you can trade it! And yes if the person has no Atoms they will pay for their usage as a part of the exchange fee. Keep in mind that it will still be an insignificant fee.

Very cool, do you think you'll release a GUI by the end of 2014?

Our goal is to begin alpha testing within this community sooner than that  :) If you'd be interested in helping out with that process go ahead and send me a pm or email!

I have just added Eureka's Chinese translations to the documentation section of www.atomicdac.org (http://www.atomicdac.org) obviously most people on here wont be able to read that but you should take a look anyway as I at least find it pretty awesome that we are now an internationally known project (making it to the top of bter's news list in China yesterday) and Eureka has been spending time posting the information in every place that a Chinese crypto-currency investor/enthusiast would look.

And then on top of that at the same time we have Criptix working in Europe as well as the U.S. working on a list of crypto news outlets/blogs etc so that we can hopefully become a featured technology and more well known in the crypto-currency scene.

Everything is looking great today, I just had a meeting with one of the other developers and we have officially gotten to the point that we can append useful information to the blockchain and we are now working on an algorithm to effectively compress and decompress the information that we append without adding any delays to the transaction (this is to minimize the size of the blockchain, however we may ditch compression in favor of overall performance) This will most likely be a subject that we open up to community discussion and voting prior to the alpha release of ATOMIC.

We've also added two other members to the team to work on an QTQUICK/C++ mobile interface (android and windows phone for sure, iOS maybe depending on whether or not the holy Apple gatekeepers decide to let us in)

are technical skills required? i am interested if they are not. as a non techie, i might be a good "end user test dummy"

why would an exchange advertise for you? seems like Atomic is competition to bTER?

Nope we can actually make money for BTER :) If you haven't had a chance you should check out the documentation at http://atomicdac.org/ (http://atomicdac.org/). It would be very good to have non techies on the team for testing purposes. What operating system(s) do you have access to if you don't mind me asking? You can send me an email from the contact area as well if you would rather talk to me over email!

sorry how would be possible that bter make money from this exchange
only bter or every exchange ?
will atomic drive the price in a way or the other (up
down)
or you intended that with atomic any coin will possibly be
more used so with more market than with only normal exchange?

if think evey day but what all cryptos and btc need is a failing state
of wherever to buy 99 % of the coins and declare them legal money
of the state (even a big industry but for them there are better way
 like making their own coin see amazon coin )
if they don't fail instantly maybe the coins will be appreciated.

Hi,

i think currently every exchange is working with their own internal ledger/database.
what they could do is using Atomic itself. It is cheaper, as fast as their own system and the most important: decentralized and publicly verifiable/auditable.

Tbh this will probaly boost the userbase and volume of every exchange by alot and in the end increase the income of the exchange.

Form CryptAxe ,  now I become a tester for this project, it's pleasure.

Welcome to the team, can't wait to start getting feedback from our testers once we enter the alpha testing phase  :)

hello cryptaxe i'm really excited to take part in the team as tester
 ;D

the people of the exchange to contact to make them know of this possibility
cryptsy there is chris
poloniex there is chicken
an admin in chat

for bittrex for me is a little difficult but
some one in the other dev of the coin i have
in my portfolio know for sure

i'm sure it can be made known

maybe even mcxnox can be moved in atomic direction
and make his exchange a little more open to alts.
good work everybody
 

Cool project guys. We've been working since June with hybrid assets towards a similar initiative here (http://internetofcoins.org) (+ forumthread (http://bitcointalk.org/index.php?topic=827804)). We'll be publishing our whitepaper soon, perhaps you can use some of our ideas as inspiration for further development as we're aiming for a fully open-source client anyway. All in the spirit of working towards satisfying cross-blockchain solution(s) for the cryptosphere :)

i read half of it but i'll have to reread it again now that i understand the asset much better

Please send me an email, you can find my email address on atomicdac.org on the contact page I'd love to see what approach you guys are taking, looking forward to the documentation :)

i have volunteered to help with testing for this project. looking forward to how atomic turns out!

http://www.coinssource.com/atomic-bridging-cryptocurrencies-and-real-world-transacting/

thanks for posting, great article :)
although the last part the author mistook the atomic asset with the actual atomic coin - i will forward it to them :)

As we have been getting some media exposure in the past few days, I thought it would be worth while to take a hour or two break from coding this morning to write up a short article about some of the merchant applications of the ATOMIC network as well as answer a few questions people have been asking about how we can be assist members of the crypto-currency community, and their businesses with the ATOMIC project. You've probably also noticed that a whole lot of people have been posting in this thread announcing that they have joined the team in a position of tester. This is because we are getting close to being ready to test and release the project and anyone else who would like to join the team as a tester should send me a message or email :)

If you would prefer to read the following on our website here is the post:
http://atomicdac.org/?p=11076 (http://atomicdac.org/?p=11076)

How ATOMIC will benifit merchants
ATOMIC will have benefits for all existing and future blockchain companies

Many on bitcointalk and other forums have already figured out some of the ways that the ATOMIC network will make trade/commerce a smoother, faster and more secure process. In this post I would like to respond to many of the questions which have arose through this discourse as well as suggest what industries in crypto-currency and all other fields may be the first to adopt ATOMIC, and why. This is far from a complete list and I will be updating it regularly, I would recommend joining the mailing list to receive the latest info about the ATOMIC project.


Merchants (Online and brick/mortar)

More and more businesses will begin to accept crypto-currency payments in the future (we’ve already seen Newegg and PayPal among others finally begin to accept crypto payments just recently) and any merchant that accepts crypto-currency payments in one coin or another is by default already accepting ATOMIC payments. This has major advantages for both customers and business owners.

The key benefits for merchants who will accept ATOMIC payments (although ATOMIC will still function without support of the particular merchant, there will be benefits to running an ATOMIC node at the physical location. For example, a merchant who already accepts crypto-currency payments will automatically accept payments from the ATOMIC network, however a merchant running an ATOMIC node will be able to accept other forms of blockchain based payments, some of which already exist, and many more that haven’t been invented yet)

    Broader range of customers: In the past, a merchant would be limited by the number of wallets that they personally run, currency types/coins that their crypto payment processor accepted or even just a limited knowledge of crypto-currency lacking the thousands of crypto-currencies that have evolved since the initial release of Bitcoin. With ATOMIC payments, merchants will be able to accept absolutely any crypto-currency without any special setup besides what they already have in place to accept crypto payments (or any other blockchain based asset if they are running an ATOMIC node).
    Faster payments: ATOMIC will introduce a constant verification time for ALL crypto-currencies. We all know that making a purchase in person with BTC can go really well if the merchant is setup with a payment processor that takes on some amount of risk and instantly “verifies” transactions. However, the process can also be lengthy and frustrating with other setups which is part of what led to the big bang of altcoins with much faster verifications than Bitcoin. The ATOMIC ledger operates at the speed of the ATOMIC blockchain which means that verifications will be very fast (we are pushing for instant) for all crypto-currencies and you will always have the option to make payment in a currency like NXT or LTC which have faster transaction times if the merchant is not setup for instant verifications.
    No middle – man: With nobody to run away with all of the moolah, the decentralized approach to the ATOMIC network can assure merchants that their transactions are private, secure, and as cheap as possible. Making use of an ATOMIC node as a point of sale payment gateway will also inherently be free and require no sign up, account creation or revelation of private information and the merchant will have the additional benefits above such as being able to accept all forms of crypto payments as quickly as possible.

Mining Pools:

Mining pools are in a very unique situation in the world of crypto. They transfer a very high volume of coins between their server wallets, cold wallets, possibly hot wallets, and then finally they are withdrawn and sent to their miners. Many of the best mining pools already offer the ability to automatically exchange the conglomerate of several different kinds of mined coins into one coin (such as Bitcoin) before withdrawal so that the life of the exchange and the miner is made happier. However the process on these pools is sometimes clunky, not to mention it includes large exchange and withdraw / transfer fees if the process is handled by a third party exchange which is how many pools are doing it. Mining pools who instead make use of the ATOMIC network as either an intermediary between themselves and their miners wallets (exchanging the coins as they are withdrawn into the one coin type that is the miners wallet) or they can make it a part of their cold storage process (exchange the coins right after they are mined and then move the converted single coin type into cold storage) this will make the cold storage process and the withdrawal processes much easier.

    One coin to withdraw them all: ATOMIC will allow mining pools to automatically and cheaply exchange mined coins automatically and autonomously.
    Simplified withdrawal process: Instead of storing numerous addresses for separate wallets, miners can specify one wallet address which will then be set as the default coin to which they would like to withdraw. When it comes time for the exchange to send the miner their coins, they will be exchanged in the air and arrive at the destination wallet as the type of coin desired.
    Simplified cold storage: Instead of maintaining many cold storage wallets for each individual crypto-currency blockchain, ATOMIC will allow mining pools or anyone else that may find use in the feature, to first exchange all of their different coins into one coin type before moving them into cold storage. This will simplify the process so greatly and ATOMIC exchanges will be cheap enough that it will be well worth it for mining pools to adopt a new, more simple method of cold storage that involves less moving parts and therefore may operate more smoothly and securely.

Crypto-currency exchanges:

With recent events and historical (if you could call it that) involving crypto-currency exchanges you could see why it might be beneficial for any exchange running today to make use of the ATOMIC ledger as a way to audit and verify the contents of both hot and cold wallets. The ATOMIC network will provide a currently undisclosed (don’t want to make promises for features before they are proven) auditing mode of the POE algorithm that we have developed in order to server as a decentralized auditing system. That’s all I’m putting out there for now in regards to this but be sure to sign up for the mailing list if you would like more updates as soon as we are ready!

The author meant to give you the analysis of the coin itself for the last part :D
edit: im the author btw :D

hi great article and i understood that :)

But in the last part you described the "Atomic Asset" which will provide shareholders a part of the transaction fees as dividends (it can be purchased on the NXT Asset Exchange or Bter.com); the other part of the fees goes to the miner/full nodes who will get "Atomic Coins" for their network contribution.  So Atomic Asset =/= Atomic Coin
The exact numbers arent decided yet but will be released as soon as possible along the working process.

Will drop you a note when the paper is released! :)

Thanks to the amazing work of criptix we have now made it onto cointelegraph! I just finished reading this great article and I hope that you guys will be as happy as I am that this project is getting attention on media outlets like Coins Source and Coin Telegraph :)

Here's the article: http://cointelegraph.com/news/112812/atomic-a-decentralized-ledger-for-all-blockchain-based-technology

I actually also just stumbled upon this news article as well, my Russian isn't great now but it appears to be positive!
http://www.moneynews.ru/News/19067/

try explaining this shit to merchants...go ahead i dare ya  ;D

This is just the beginning the things just started to roll  ;)

Is there any more information about the asset - are the NXTVenture dividends the only assets which have been released? Are the 1 million on the AE the total number which will ever be created? Are there any plans to sell the rest in a crowdsale, or will they be sold as and when necessary or what?

As far as i know this will be the one and only.
no more will be created :)

There probaly will be another sale but that depends on cryptaxe and also peoples demand for the asset.
In any case there will be a public announcement to inform everyone, so no worries about a ninjasell or etc!

Already started!


The asset ID listed in the thread is the only one :)

I absolutely wont make a huge sell order without first alerting everyone as I did last time, seems that people would like me to release a bit more of my assets into the wild so I will consider another sell at some point in the near future if enough people would like me to!

Update and news roundup for those of you who haven't subscribed to the mailing list
although I assume most have as the number is getting up there.

*Last call for alpha testers, we will be beginning alpha testing of our API,
ledger process, and POG in just a few days and although we do have enough testers
this is the final call for anyone else who would like to be included before we
move on to the beta stage.
This is who I have approved so far for testing, I'm only
approving about 1/4 of the people who have asked for the
alpha but the beta is going to be open to everyone:
CryptAxe
Tigew (mobile dev team)
Skitter (mobile dev team)
eureka
criptix (community manager)
visual111
nine009
mamamae

Here is what the ATOMIC desktop wallet looks like right now for the alpha testers:

https://i.imgur.com/1waSwZy.png

As you can see, transactions arrive in a queue very similar to bitcoin, however you can
see that the transactions show the source, and destination coin (if applicable) as well
as what type of transaction occurred. Double clicking any of these transactions will bring
you to our blockchain explorer which has been modified to suit our needs and display data
appended via the Proof Of Exchange process.

*Information for developers and future customers of the ATOMIC DAC:
note this is all trimmed down so it will fit on the forum, full contents
as well as examples of calling from different languages available soon
at atomicdac.org
API CALLS (examples shown in c++):
    /*
     * Check the status of the ATOMIC
     * network, the API of the exchange
     * selected, and the ATOMIC API
     *
     * Any result other than 0 indicates
     * that there is an issue
     *
     * CODES:
     * 0: Good
     * 1: Connection issues
     * 2: Overloaded
     * ..... etc
     */
unsigned int status();
    
Example:
AtomicAPI api;
if (api.status > 0) {
  std::cout << "The network cannot handle a request right now\n";
  }
    /*
     * Overloaded exchange function
     * will be passed an atomic
     * object directly instead of
     * having to create one from params
     * or data from socket
     */
unsigned int atomicExchange(AtomObject *aObject);
This will be the main way that customers and developers will communicate with the
ATOMIC network. The wallet generates atomobjects for every transaction, but developers
are able to actually generate them without the wallet, so that they can be sent over
an sslsocket, or via an http request to the ATOMIC network without the developer of
software which should make use of the ATOMIC ledger having to install or configure
their own nodes or wallet.

    /*
     * Check the transaction
     * at the ID specified.
     *
     * Return -1 if does not
     * exist
     *
     * Return 0 for exist but
     * no confirms
     *
     * Anything returned above
     * 0 will be additional
     * confirmations.
     *
     * ex: -1 = does not exist
     * 0 = exists with 0 confirms
     * 10 = exists with 10 confirmations
     *
     * *Stops counting at your systems limit
     */
    int checkTX(string txid);

    /*
     * return total amount spent
     * in transaction ID
     */
    float checkTXAmount(string txid);

checkTX and checkTXAmount are self explanitory.

You may be wondering how it is that we are going to do everything that we have talked
about with such a simple API. The reason for the simplicity is that the API calls
themselves have been designed in a way which we hope will allow for minimal changes
in the future to the API itself (good for compatibility) and instead make changes
to the atomobjects which are passed.

Okay that's too much of a wall of text already, go ahead and sign up for the mailing list
for more info and you should be seeing a sneak peak of the mobile wallet as well some time
soon from the mobile dev team who are wrapping up the mobile app (Android only for now)

Hey everyone and a good morning to you all! I'm just a little late to the introduction party so don't hate on me too much.

I'm one of the 2 devs working on the mobile app of Atomic. I'm a computer science major and love everything about it.
CryptAxe approached me with this idea of his and I jumped on board immediately, this surly is the future of inter-coin trading/spending.
This however is not the first project I've had the pleasure of working with CryptAxe, on during late 2013 we ran a cryptomining operation
right before scrypt for ASICs happened. We are a dedicated group teaming with energy ready to produce a product to the best of our
abilities, just don't expect the mobile app to be the prettiest, we are focusing on utility first  ;).

We chose the name Covalent for the app because we feel that Atomic is very much like a covalent bond, electrons being shared
between to atoms or currencies being tradable between 2 block chains with seamless automation, another reason we chose this
name in particular is how the app will work by pairing itself to your client at home or to the blockchains network. We are shooting
for a minimalist design we would rather have function over form.

That intro aside I'm posting here today to not only introduce myself but get some feedback on the current look of the application
as well as the icon that we will be using for the it.

https://i.imgur.com/XYTFK5l.png https://i.imgur.com/TV3PVaW.png https://i.imgur.com/scGyYmV.png

https://i.imgur.com/mCDn0Dt.png  https://i.imgur.com/C7PI6FZ.png  https://i.imgur.com/N8Cr1ZL.png  https://i.imgur.com/f31hYA5.png  https://i.imgur.com/bCZin3S.png 

Hello everyone i'm ready to start testing ,
for android i can test almost any app
on one hundred phone and android sistem
 ;D

Good ,News !


I'm ready!

Awesome stuff and kinda way faster then i though ;)

Cant wait for the starting of the alpha testing

dropping by to post that I am ready for alpha testing!

there is a way to have a site like this with for any alt coin
as escrow ? :
https://trustatom.com/contracts/new/joint-escrow
LTCD is in the making i feel is coming to be part of Atomic

One of the greatest aspects of a DAC is that I really have no control (and I don't want to) of who actually makes use of the ATOMIC API. This website could definitely make use of the ATOMIC ledger, and if they were interested in working with me I have actually already been thinking up ways in which we could handle escrow with any coin on the ATOMIC network. Did you just stumble upon this or do you know the developers? I'd love to chat with them

i'm part of the comunity the team is Trolloffire great programmer, but is sick now
so litecoindarkdev e xircom the guy for the android wallet and PR
nothing sure the coin is in the making but this week updates with pos and finally
is made anonymous.
i wanted to know because the site i mentioned make 2 party deposit btc
and the site became the escrow
but there is a flaw if the 2 party don't want to release the funds
the coin rest in the site hands
like bitbet does
if there was a time limit to fulfill the contract for the 2 party
would be like :
 i have a coin i sell an ipo the money are in escrow with the atomic site
so the coin has the intrinsec value so no premine needed for the dev and the coin has always
a value
and if after 2 month the value isn't more than the value of the ipo
who has the coin can retake the money back as little under the ipo price
as fimn does

wow. you use OP_RETURN for this.. even bitcoin core developers are against this kind of usage since you bloat the chain.

Please go ahead and take a look at the documentation http://atomicdac.org/?page_id=11033 :)

We are making use of the OP_RETURN segment of transaction scripts in order to store a very small amount of information (about 70 bytes right now, although we have raised the limit for testing to 200 bytes to allow us to expand in the future).

most Bitcoin transactions are around 250 bytes in size, depending on the amount of inputs in the transaction script. Therefore an ATOMIC transaction, in the worst possible scenario (large number of inputs for example) the script generated could end up being around 300 bytes in size.

If you take the 70 bytes, which as I said is more than we actually use) and multiply that by 80,000 which is a few thousand more Bitcoin transactions than there have been today, the total amount of data would be 5 megabytes per day.

http://www.matisse.net/bitcalc/?input_amount=5600000&input_units=bytes&notation=legacy

Having 80,000 transactions a day would be great, and anyone who can't handle 5 MB a day (once we get to that huge amount of transactions which has taken years for Bitcoin) is free to use the light version of the software :) please feel free to send me an email any time with your questions or criticisms!

Oh we can most certainly help with that issue! As you're a member of that community already could you please go ahead and post that I'd love to help them out and work with them in any way possible :)

how do I get this coin? mining ,IPO,ICO????  ??? ???

NXT AE 11694807213441909013 (asset ID)

or on BTer https://bter.com/trade/atomic_btc

thats the atomic asset which will provide dividends based on the atomic transaction fees.
the atomic coin itself will be mineable, alpha testing for it is starting very soon now :)

Has alpha testing begun? Any news?

hey i messaged crypt, the alpha testing will start soon, but there are some mining specific problems that have to be solved prior to it
i will share news as soon as possible  ;)

Has alpha started yet??   ;)

from slack atomic channel


cryptaxe [10:47 AM]
Hey @bezbezbez messaging you on here in response to your bitcointalk message, we have op_return transaction data recording working, I'm still working on the mining aspect of the network but we are on track for the end of year beta testing start that criptix and others have mentioned

Alpha testing has not yet begun, if you'd like to get an update as soon as the final call for testers goes out then please join the mailing list at atomicdac.org.

We are now finished with the process of appending transaction data via transactions scripts as described in the documentation. What we're working on right now is the proof of exchange algorithm (and the way that we will be making payments to nodes who earn rewards). I'm nearly done writing up a paper about how exactly this process will work but essentially the coinbase transactions of newly discovered blocks are going to contain a pubkey for which only the node that mined the block owns the private key. That public key will be used to create transactions whose output is only spendable by the node which own the private key. So for example, ATOMIC Node 'X' discovers a new block that can be inserted into the blockchain, their public key is inserted into the coinbase and as the POE protocol approves exchanges there will be additional rewards (in atoms) inserted into the blockchain whose output is ONLY spendable by the node that processed all of those transaction. This way, the ATOMIC network can reward 'miners' for not only appending a block to the ledger, but also for processing the transactions (the reward for processing transactions will be significantly larger than those who just mine blocks without running as a full node and processing transactions) Don't confuse this with the way that bitcoin handles transactions, we are doing it a little differently to allow more useful transactions that we can build utilities on top of.

We'll be using a very similar process for handling the dividends that will be paid out to the owners of the ATOMIC assets, they will obviously be receiving their percentage of the income generated by ATOMIC.

Huge storm happening in my town right now, if I go dark for a few days don't worry I'm not dead (but my electricity probably is)

~CryptAxe

any profit from the supernet core,
just wonder.

good luck cryptaxe.
i would sent you some watt of mine if i could.

hope its all good there :)


atomic will play a very important role in supernet because it will enable cross-blockchain trading between all supernet coins.
that means that atomic will definitly have a secured profit source except in the case that supernet will not work (but chances for that are probaly less then 1%)  ;)


also supernet is just the first step, because atomic will be able to enable cross blockchain trading for all coins/assets that is based on blockchain technology itself!

thanks, but first need to allow the atomic  to enable cross blockchain trading in all coins.

would be a great tool ONLY in my opinion if was using BTC...

i don't see the reason to have another coin....
since it is based on the blockchain...... and of course we have BTC here why have one more altcoin ???

of course it's always my opinion you can have your opinion etc..

would not use it...trust it ....etc i do trust bitcoin and i have dogecoin to have fun no need any extra.. the tool for the options you can have would be good only in BTC.

you misunderstood the purpose of atomic.

atomic has not the goal to become a currency like btc.

it is a decentralized autonomous company, a system through which people will be able to do cross blockchain trading in the future.

important to know is: atomic will support every technology based on the blockchain - even if it is not a descendant of bitcoin.
tbh i think this is a huge step for the future of crypto.

in my opionion atomic is actually giving btc strength as a reserve currency in the light of bitcoin vs altcoin discussion.

any updates on atomic?

hi everyone,

i will get in contact with cryptaxe and ask him, the last thing i heard is that they were finishing up the mining process :)

how to withdraw Atomic from Bter?

it depends on bter when they can

You can now withdraw Atomic and NxttyCoin NXTTY   from bter, how can i transfer them to trade.secureae.com?

i assume you already made an account on SAE?
If yes, just login into SAE and then:

1. click on Account top right -> click on Account Details

2. NXT Account ID is your wallet adress where you have to send to from bter ; if its the first deposit you will also need to copy & paste the nxt public key.



@development

Cryptaxe and team are working hard on the finalization of the alpha.
i will try to gather information to give everyone an update what is done so far in the next few days :)

where is atomic block explorer?

withdrawals should be back on now. check it!

hi guys,

there are some really nice updates including the start of the alpha testing.
i will post all information regarding the updates tommorow, its time to go to bed now :)

looking forward to it!

There is no web based block explorer yet, but there will be one available before the regular release! If you take a look at the OPAL wallet you can also get a vague idea of how the built in block explorer (in the ATOMIC client) will work :)

Unfortunately we can't make much use of any of the existing open-source blockchain explorers except as a reference since they aren't able to get the information from transaction scripts that is actually pertinent to our blockchain.

------

Also glad to see that BTER is back to life, this onslaught of centralized exchange issues will certainly pave the way (or give people a reason to pay attention to) decentralized exchanges.

Hello everyone,

as ATOMIC is preparing to go into testing, we wanted to give you a preview about the actual progress and where ATOMIC is heading to.
Following are a few pictures of the working ATOMIC-Qt wallet with explanations of the different tabs.
All of the screenshots are from a Debian system but the interface is basically the same on all other operating systems.
This update is mainly intended for everyone signed up/signing up for the alpha testing so it will be more on the technical side.

https://i.imgur.com/9KajYK5.jpg

This shows the startup screen of ATOMIC-Qt, which will be the first thing testers see when they startup the client.
A function runs several checks on your client configuration to make sure that everything is working and will help you fix any errors that are found.
The goal was to make it easy to use and quick to understand.

https://i.imgur.com/jvaqt5b.jpg

The second picture shows the Ledger Maintenance page when the maintainer is not running (mining is disabled).
In the alpha testing release we will use a modified version of cpuminer that supports the POG (Proof Of Gateway) protocol which is built in along with a modified p2pool.

https://i.imgur.com/knBm44U.jpg

The third picture shows the ledger maintainer page when the maintainer is running (mining enabled).
There is a built in web interface and alpha testers will also be able to see console output from the maintainer.
For the first time Alpha testers will have a chance to see how Proof of Gateway and the peer to peer 'mining' network of ATOMIC works - which is very differently than anything that they are used to.
Instead of competing for hash power, ledger maintainers (as described in the documentation) are rewarded for maintaining an active full node, which assists the network in recording cross chain transactions
to the Atomic Block chain. This means that all nodes are rewarded, for actually being a part of the network.

https://i.imgur.com/7DZjrHE.jpg

The fourth picture shows the DAC Voting Tab which may begin with testing in either alpha or beta stages of ATOMIC.
As described in the ATOMIC documentation, DAC asset owners and atom token owners will be able to influence and control the decisions of the DAC.
Asset and token owners will be able to create votes on a subject of their wish and publish it for the network to decide.

https://i.imgur.com/CGqdMy4.jpg

The fifth picture shows the current development version of the vote submission page and shows the idea behind the voting system and the decision making of a DAC.

https://i.imgur.com/wYIXd5T.jpg

The sixth picture shows the multisig/escrow widget that we have included.
We had to develop a library for dealing with multisig payments for asset holders, as well as for holding funds, storing the funds of a DAC vote and so on.
We made a QT widget which gives users access to this library and enables them to create and spend multisig blockchain transactions.
Our main goal for the Alpha testing is to test the multisig system as much as possible because it plays a main role in the ATOMIC DAC.

I hope the pictures and explanations gave you a gist of how the network and the DAC will work, else i advise strongly to take part in our alpha testing and of course read the documentation (http://atomicdac.org/?page_id=11033)  ;)


Also for all alpha testers who signed up please send an email to cryptaxe (email on atomicdac.org contact page (http://atomicdac.org/?page_id=11037)) with the following informations (all optional of course):
* Operating system(s) you have access to (We recommend starting a virtual machine for testing)
* Crypto Currencies that you want to test with
* Number of nodes you plan to run
* Do you have any devices like raspberry pis, or old low end computers that you plan to test
* Download and Upload speeds of your connection(s)
* Source or Bin download?

Yes pretty sure the ability of cross chain trading is enabled. Ledger maintaining is the mining part of it.

Also would make no sense of cryptaxe asking which coins we would like to test if cross chain trading would not work :)

why would you want that?

Let's say BTC-NXT  ;D

i got message from cryptaxe that cross chain trading is actually disabled, because we need to get multisig and also InstanDex working bug free.
but a roughly estimation is that it will be probaly enabled before beta testing / a while after starting alpha testing.

remember, we are arriving at alpha stage right now! it is not unusual that not all aspects of the software is working :)

I can definitely see where the confusion came from, I'm going to revise the UI in the next few days whenever I need a short break from coding. Exchanges will not be enabled in the beginning of alpha testing, we will be incrementally rolling out the features that we have for testers and keeping track of any issues that need to be fixed. The point of this, as criptix said in his update post, is that there are many individual parts (the escrow / multisig functionality for example) which when combined allow for the decentralized cross chain ledger that is described in our documentation. In order to properly test them, they need to be tested individually rather than as a group so that issues are easier to hunt down.

Anyone wanting to know the basics of how/what the entire project is please take a look at our website: http://atomicdac.org/ you will find documentation, links to a few news articles that have been written about ATOMIC, and you can join the mailing list to get an email update whenever something important happens with ATOMIC.

Any questions you have left after reading the documentation feel free to post again here, pm me or hunt down my email address :)

~CryptAxe

how to join for testing?

hi please pm cryptaxe and/or send him an e-mail: cryptaxe@gmail.com

if you also could add the following informations:



thanks for showing interest  :)

Is there a Time schedule?

good to see the project rolling

hi, any update here?

no word from him i will see on github his activity

I will get in touch with cryptaxe later on slack when im home :)

Devs can take part in slack of supernet for better talks. :)

Yeah, a status update would be nice on this. You have such a nice logo - don't let it go to waste ;)

Hi guys,

sorry for the late answer, but i talked with cryptaxe and everything is running pretty good.
The main thing is that there will be a beta starting soon!
I will give you guys a proper update tommorow which will outline the goal for the beta and the development status so far.
I just need to get home and get access to my pc :)

Hi all,

here are the promised details :)

Neat. Thank you!

Some update,great. :)

Dead?

Hi it is not dead but the development has some time issues regarding one of the devs.
I already spoke with cryptaxe and he tries to get exact information on when the other dev is ready.

We should get some definite infos by next week

Status? :)

Dead?  ::)

Left a message in the slack channel on aug 25th, no response yet

Hello guys,

i got in talk with cryptaxe and we still have the same problem with the dev that i mentioned before.

He feels confident though that this matter will be solved by no later then the end of this month/september.

By then we will be able to give you guys more information, so please try to have some more patience. :)


greetings
criptix

Next week!
Next month!
Next year?
We are patient, but information is scarce and doesn't seem accurate.
May be Cryptaxe had some issue with one of the Dev. but what I find worrisome is that Cryptaxe doesn't seem to have any activity related to this project anymore.
Hope you prove me wrong!

Hi, i spoke with cryptaxe 4 days ago and he wanted to make the next announcement post himself.

That is the reason i didnt post yet.
I will ask him later when he will do it!

Thanks so much for answering criptix.

Could this: https://nxtforum.org/general-discussion/quack-nxt-atomic-asset-swap/
be in competition with Atomic developped by cryptaxe?

Posting here for anyone not in slack where main communication happens

"@channel Hey everybody, thank you for remaining patient in light of the lack of
communication or reports of progress. I regret to inform you that as of now,
I will no longer be able to dedicate as significant of an amount of time to the             
ATOMIC project. As many of you know, I have run into trouble with a programmer             
who was hired to complete a large and complex segment of the ATOMIC-DAC                     
project's backend code. I believe that this individual is absolutely the best               
match for the project, he has proven himself in terms of his programming /                 
computer science skill, and has released large and popular open source c++                 
projects in the past. This project became too much of a challenge to be                     
completed in any kind of timely manner with only a few developers.                         
                                                                                           
This doesn't mean that the project is completely dead, although I can absolutely           
understand that this looks like giving up. I have to eat, so I need to work                 
on other things now. People have been understandably getting more and more                 
frustrated with me, or with the project not being finished, and you deserve not             
to be confused about what is going to happen. I can't let people wait any longer           
without a clear answer. As I am unable to provide you with a release date, I               
will provide you with the truth of the situation. I do not know if/when the                 
programmer will ever finish the code, and I know that without him finishing his
part of the code, what I have so far will not be good enough to live up to my
standards and be released. I know that I have no money to hire anyone else, and
nobody has offered to help work on the code of the project. I know that interest
in the market from the cryptocurrency community is not enough to support the
project (it hasn't been since the initial fund raising we did). I know that a lot
of the code is done. It is possible still, that we will be able to release this
project to the community, but I don't know when or if that is going to happen.

I will post here and on my website if I have any other news.Sorry,

~CryptAxe"

I feel sorry for you CryptAxe and hope you'll be able to find the help you need to bring this project to fruition.

hi cryptaxe and everyone else,

im feeling very sorry and bad how the project ended up or actually not ended done.

btw. you told me the coding is pretty much done did you try to talk and ask jl777?

im just not sure what to say right now :(

i still hope that you dont give up and can finish atomic!

greetings
criptix

What kinds of coding do you need have done? What language is it in? Is there existing in progress code?

Hello, Patrick.
Can you message James in slack?
Thnx. 

Thanks for posting. Hopefully you'll all come to some sort of solution

atomicdac.org does not respond anymore

I noticed this is also removed from SuperNET client projects panel..

Unless one day James is bored and revives the project, this project is dead.
Lost quite some money on it too. You win some, you lose some...

But wait, isn't Atomic also in the InstantDEX engine handling transactions or is it just same kind of technology?

Dead?

Yeah :/

Seriously? i satomic as a project abandoned? I bouht assets on nxtAE :/
Cant JL777 find new dev to continue project?

I didnt hear anything new from cryptaxe so far neither from james. so for now i think it is dead.

Although i really hope james could do something here :/

I have still shares myself and can feel you ppl...

It seemed to be the right decision.

So this is confusing at least, taken from Supernet Weekly No7 report, dated 19 April which is 12 days after the above post.


http://coremedia.info/index.php/supernet/item/245-supernet-weekly-no7

If Atomic is dead then something should be done about this because it would not be fare to be encouraging people to talk about when at best it might happen at worst it's just plane dead.

Some clarity would be welcomed.

This project is dead and the atomic cross-chain transactions that jl777 is talking about will be his own implementation. That's how I understand it.

Thanks for that.

Dead?