Bitcoin Atom enables truly decentralized digital asset exchange by utilizing Hash Time-locked Contracts (HTLCs) and its own HTLC API, giving independence from intermediaries and any centralized entities.
Using the power of atomic swaps, advanced inter blockchain mechanics, and years of blockchain experience Bitcoin Atom (BCA) aims at creating a truly decentralized Bitcoin.
Bitcoin Atom’s development team is working on a special embedded toolkit for both on-chain and off-chain atomic swaps, allowing for exchanging any cryptocurrencies in a hassle-free way across different blockchains.
Basically, Bitcoin Atom aims at introducing backing for both on-chain and off-chain decentralized trades in a single trading app, available on all major platforms.
Explained below are some of the key features on the Bitcoin Atom (BCA) platform:
The Bitcoin Atom (BCA) network is additionally secured by using the acclaimed hybrid consensus (i.e both Proof-of-work and Proof-of-stake) models which are put in place, thereby increasing network stability and reducing the power of miners. This also lowers the 51% attack probability.
Lightning Network Swaps:
Another feature on the Bitcoin Atom platform is the Lightning network swaps, which is undergoing completion by the Bitcoin Atom development team. This feature allows instant off-chain atomic swaps. Lightning Network transactions are cheaper, more useful for smaller transactions, and have better privacy properties.
Atomic Swap Enabled by (HTLCs):
By using built-in Hash time-locked Contracts (HTLCs) and its own HTLC API, Bitcoin Atom (BCA) attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities.
Bitcoin Atom (BCA) is a crypto token having BCA as its ticker symbol. Users can generate BCA through the process of mining. Bitcoin Atom has a Maximum supply of 21,000,000 BCA and a circulating supply of 18,418,931 BCA as of the 29th of September 2020. It is currently traded in STeX.
How was your experience?
Give this wiki a quick rating to let us know!