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   1619

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

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.