Bitcoin Atom Fork to be Completed Soon

Bitcoin Atom aims to eliminate weaknesses in BTC by bringing a hybrid consensus approach, on-chain atomic swaps via HTLCs and their faster off-chain lightning analogs
22 January 2018   1260

Bitcoin Atom (BCA) is a SegWit enabled Bitcoin fork with atomic swaps, hybrid consensus and lightning network which will be implemented on block #505888 on January 25–26, 2018. The fork aims to eliminate weaknesses in BTC by bringing a hybrid consensus approach, on-chain atomic swaps via HTLCs and their faster off-chain lightning analogs.

Features of Bitcoin Atom:

Hybrid Consensus

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.

Lightning Network swaps

Bitcoin Atom development team is working on the LN implementation, allowing for instant off-chain atomic swaps. LN transactions are cheaper, more useful for smaller transactions and have better privacy properties.

Hash time-locked contracts (HTLCs)

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.

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

All Bitcoin holders who possess their private keys at the moment of the fork #505888 will receive Bitcoin Atom at the rate of 1 BTC = 1 BCA.

Wallet partners:

  • Coinomi wallet
  • ESR wallet

Exchanges:

  • OKEX
  • YObit.net
  • Exrates

Links:

  • Facebook
  • Twitter
  • Telegram
  • GitHub

German Exchange to launch Bitcoin Products

Deutsche Boerse, the Frankfurt Stock Exchange holder, is deciding about the providing cryptocurrency products
24 May 2018   75

Reporting in London on Wednesday, at a significant event of the sphere, Jeffrey Tessler (the firm's chief of customers, products and core markets), declared: "We are deep at work with it." Nevertheless, any move into the crypto space from the stock exchange might not be forthcoming fast. When CME Group and Cboe Global Markets both started bitcoin futures trading last December, Tessler further claimed during the event that Deutsche Boerse is "not at the same stage." According to his point of view, the company is attempting to understand the volatility of the bitcoin market first and insuring clients and regulators are "in line" before stepping ahead with any offerings.

Whilst a move into offering bitcoin products is not definite, the exchange has already been active in the blockchain field. Deutsche Boerse unvealed details to CoinDesk about its plan to move the majority of its post-trade services to a blockchain last June. It affirmed at the time that it was interested in building a system, using Hyperledger's open-source Fabric protocol, in order to transfer securities and move commercial bank money, while still undertaking cross-jurisdictional compliance with regulators.

Also, as recently as March, the group declared it wish to deploy a platform for more operative securities lending using R3's Corda blockchain tech.