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Author Topic: ⚛️ [ANN] Bitcoin Atom - Fork 1:1 of Bitcoin - Atomic Swap Powered ⚛️  (Read 14559 times)
BitcoinAtom
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Bitcoin Atom (BCA) core dev


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December 04, 2017, 02:49:39 AM
 #1



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



Bitcoin Atom


Introduction

Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange – with on-chain atomic swaps on board. By using built-in hash time-locked contracts (HTLCs) and its own HTLC API, Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.

We believe that most cryptocurrency trades should be conducted on-chain in a decentralized way, as per the original Bitcoin’s approach to transacting in a completely trustless environment.

Atomic Swaps (AS), currently implemented via HTLCs on-chain and potentially via Lightning Network (LN) off-chain, bring an ability to swap assets directly between blockchains without any intermediaries involved. This ability is called atomic cross-chain trading, and we propose the Bitcoin Atom’s support for it at its core, by bringing AS API and a set of cross-chain trading utilities into the original Bitcoin core software and forking it into BCA.

Bitcoin Atom’s AS model is expected to bring transparency to digital asset trading, as attempts to churn volume via on-chain atomic swaps will be detectable by passive observers. This means that users cannot show up with a small amount of coins and then create a ton of fake volume covertly.

BCA network is additionally secured by utilizing the so-called hybrid consensus: both PoW and PoS models are put in place, increasing network stability and reducing the power of miners, hence lowering the 51% attack probability. Despite having Proof-of-Stake in addition to Proof-of-Work, Bitcoin Atom is not inflationary in terms of emission as PoS only serves the goal of decentralizing network power. Max supply of BCA remains the same as of the original Bitcoin (21M).

Project's core values: Independence, Decentralization and Transparency.




Implementation

Bitcoin Atom is a fork of the Bitcoin blockchain with major protocol upgrades that will occur in January (block number TBA). At the predetermined block number the original BTC blockchain will be forked into BCA, and any transactions made since then will be completely separate on Bitcoin and Bitcoin Atom networks. At that moment, Bitcoin Atom will go live on mainnet and become a fully functional cryptocurrency.

All Bitcoin holders who possess their private keys at the moment of the fork (block number TBA) will receive Bitcoin Atom at the rate of 1 BTC = 1 BCA. You need to control your Bitcoin private keys in order to claim and transact Bitcoin Atom.

Subsequently, the BCA team will focus on atomic cross-chain trading toolkit development, as well as integrating the LN model with off-chain swaps into Bitcoin Atom. The roadmap covering these milestones will be published separately.




Specification

Ticker Symbol: BCA
Max Supply: 21 Million
Distribution: Mining, Minting, Claiming
PoW algorithm: SHA256
PoW Block Interval: 10 Minutes
PoS Block Interval: 10 Minutes
Block size (actual): 1M (2-4M)
Difficulty adjustment: 2 Weeks
Avg tx confirmation time: 5 Minutes
Atomic swaps: Yes
Segwit: Yes
Replay protection: Yes
Unique address format: Yes




Website
bitcoinatom.io
bitcoinatom.net
bitcoin-atom.org
btcatom.org



Media / Info
t.me/bitcoinatom
facebook.com/atombitcoin
twitter.com/atombitcoin
medium.com/@bitcoinatom
reddit.com/user/BitcoinAtom
github.com/bitcoin-atom
bitcoin-atom.slack.com
en.wikipedia.org/wiki/Bitcoin_Atom




Exchanges
OKEx.com
YoBit.net
Exrates.me
More TBA




Wallets
Coinomi
Bitcoin Atom (full node)
MyAtomWallet (web wallet)
More TBA




Pools
Bilbotel.fr
More TBA



Block Explorers
TBA



Disclaimer
Credit goes to DCR, VTC, LTC, PPC, NVC, EMC and BCA dev teams.


www.bitcoinatom.io ATOMIC SWAPS & LIGHTNING NETWRK
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December 04, 2017, 02:56:20 AM
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First ! We will see
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December 04, 2017, 03:08:33 AM
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Thank you for your information! I like this introduction.I will introduce to many people!
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December 04, 2017, 03:14:20 AM
 #4

This is a free coin for bitcoin holders who will receive a free coin number equivalent to the bitcoin they have. When will claiming begin?


     
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BitcoinAtom
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Bitcoin Atom (BCA) core dev


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December 04, 2017, 03:14:47 AM
 #5

Thank you for your information! I like this introduction.I will introduce to many people!


Thank you for your support bonbon2014,

We as developers will keep publishing updates on BCA launch progress.

www.bitcoinatom.io ATOMIC SWAPS & LIGHTNING NETWRK
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December 04, 2017, 03:23:32 AM
 #6

This is a free coin for bitcoin holders who will receive a free coin number equivalent to the bitcoin they have. When will claiming begin?

Yes, technically correct.

Mainnet fork date is yet to be announced, ETA for it is mid-December.

We will announce the specific block number after all mainnet fork preparations are finalized.

www.bitcoinatom.io ATOMIC SWAPS & LIGHTNING NETWRK
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December 04, 2017, 03:34:07 AM
 #7

Difficulty adjustment: 2 Weeks

LOL

Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
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December 04, 2017, 03:37:48 AM
 #8

another IFO?my god  its alot of ifo coin
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COINPAYMENTS.NET


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December 04, 2017, 03:39:52 AM
 #9

Where is the ICO? without it there is no fun, I need to beg for any bounties and any translations of any dead or alive languages. tell me how can I swap atomicly BCA with ACY (note that ACY is the ticker of my activity token, even though I didn't specify that in the ANN thread, so when you find my thread and can't find anything like ACY, don't be surprised or disappointed, I came up with the ticker name after I hopelessly abandoned my Bitcoin killer project). don't be shy, lol away.

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December 04, 2017, 03:43:59 AM
 #10

another fork of the Bitcoin blockchain, do we really need so many folks ?  creat a token base on ethereum blockchain

is so easy and didn't  cost so much i think.

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December 04, 2017, 03:52:25 PM
 #11

BITCOIN ATOM implements core fundamentals that Satoshi Nakamoto outlined in his whitepaper and his thinking, which is decentralization and removal of dependency on any one party or system. Back then the ecosystem was not as developed, with multiple cryptocurrencies as it is now.

While cryptocurrencies can be exchanged P2P and on exchanges, it is inefficient, costly, and subject to hacks, and credit risk -- in general anything which is centralized could be compromised, and should be avoided if possible.

We believe that with crypto becoming an asset class, Atomic Swaps are the future of trading and exchanging value. We feel that BITCOIN ATOM is the future of Bitcoin as it is the only implementation of atomic swaps embedded in Bitcoin.


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December 04, 2017, 06:37:17 PM
 #12

Difficulty adjustment: 2 Weeks

LOL

Nothing is too difficult for Chuck Norris

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December 04, 2017, 06:42:24 PM
 #13

Jeez here comes another alt to leech off bitcoin with the same bullshit explanation as every other alt trying to leech off bitcoin...

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December 04, 2017, 07:06:30 PM
 #14

Atomic Swaps are the way forward for exchanging - this is called innovation for decentralization.

Bitcoin holders will receive one Bitcoin Atom for each Bitcoin they hold.

Merry X-mas Roll Eyes

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December 04, 2017, 10:41:17 PM
 #15

Yep Atomic is the way Forward, That's what the Pillar project is working on.. Smiley

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December 04, 2017, 11:23:32 PM
 #16

you have no website, no wallets, no block explorer, you have nothing, this is not an ANN, it's a PRE-ANN  at best, it'll likely be forgotten and fail

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December 05, 2017, 05:15:12 PM
 #17

The king is dead, long live the king!

 Shocked

Don't worry, everything is coming: website, wallets, block explorer and more...

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December 05, 2017, 05:18:48 PM
 #18

wallets  Huh Huh Huh Huh
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December 05, 2017, 05:25:51 PM
 #19

how many bitcoin hard forked coins now? i can't count now. so many.. hahaha Grin Grin Grin Grin

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December 05, 2017, 07:42:36 PM
 #20

Only one that can do embedded atomic swaps, which we believe is the next generation of trading tokens.

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