[ANN] Bitcoin Atom - Fork 1:1 of Bitcoin - Atomic Swap Powered

piebeyb · Thu Jan 25, 2018 2:19 am

Bitcoin Atom forked on block 505 888 https://bitcoinatom.io 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 505 888). 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 505 888) 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 can be found on the official BCA website (see below).

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
http://bitcoinatom.net
http://bitcoin-atom.org
http://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
Bitlish.com
More TBA

Wallets

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

Pools

Bilbotel.fr
MultiPools
More TBA

Block Explorers

TBA

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