One might be wondering why Atomic wallet? We all know that there is a broad spectrum of cryptocurrency wallets and exchanges out there and amazingly, new wallets are entering into the market day in and day out. It would be trivial for Atomic wallet to develop a product that isn’t either original or a product that wouldn’t be improving what already exists. The issues of third-party custody risks relating to the development of blockchain-based markets have led to the emergence of this promising project by the Atomic wallet team. The consequences of this problem negatively affect ecosystem sustainability, bringing vulnerability to manipulative and regulative actions. In this presentation, we are going to look at the atomic wallet product in general and deduct some of the benefits associated with its utility.
Atomic wallet provides a comprehensive and intuitive asset management tool to assist users in managing their crypto assets effortlessly. The platform inculcates the best user interface and security practices to meet the usability and user experience goals. Users of the product with regards to managing assets would be able to perform operations such as receiving cryptocurrencies to a generated wallet, there is also the ability to import assets to the wallet using private keys of various formats, securely store their private keys, send crypto assets to other addresses, specify the cryptocurrency node and blockchain explorer use etc. All these great features will be built on SPV (Simplified Payment Verification) technology.
The most interesting feature of the entire system is the Atomic swap. This function facilitates the exchange of assets between two individuals. In most cases, transactions like this require the presence of a trusted third party. But the atomic cross-chain swap eliminates this process chain. Both individuals who wish to swap their coins need to create a contract. Assuming Ben (initiator) wants to swap his coin A for James’s (participant) coin B. Ben has to allocate a specified amount of his coin (i.e. coin A) to a contract and generates a secret. The secret works more like a key that will allow James to collect the output of the contract. The participant will also have to go through the same process to generate his contract and secret.
How To Create Atomic Swap Order In Atomic Wallet
After both parties creating their contracts, they won’t be able to collect back their coins until one party fails to redeem the contract output in a given time frame (probably an hour). For instance, after both Ben and James complete creating their offers via contract, if James fails to redeem the output of Ben’s contact after some time, Ben would get a refund of his coins and James could equally get a refund after about two hours(ie. double of Ben’s refund time frame).
In conclusion, the Atomic Wallet is simply a great tool for traders, investors, developers etc. It has amazing features to meet the average user needs. Its benefits are enjoyed by varieties of stakeholders.
The Atomic SDK will make life much easier for developers. They would be able to create sophisticated distributed blockchain apps. Atomic Wallet will make it protocol readily available for integration. Atomic SDK will support the creation and deployment of order to the DOB, address execution confirmations, receive the status of executed orders and retrieve a list of orders from the orderbook. Third-party exchanges like shapeshift and Changelly have been integrated into the platform for users to enjoy a variety of service.
Atomic Wallet has a desktop version of its application and it is available on Windows, MacOS, and Linux. Users can make good use of the application until the mobile version is out.
Partners
Team
Roadmap
Q4 2017 - Start
Project started, the first line of code written
Q1 2018 - First Atomic Swap
Desktop release, BTC-LTC Atomic Swap implemented
Q2 2018 - Exchange + 10 assets
TOP-10 assets added, Instant exchange integration
Q3 2018 - 50k Downloads
Android app released, AWC token is listed on IDEX
Q1 2019 - 150k downloads
10 new assets added. 150.000 downloads. Atomic became profitable!
Q2 2019 - iOS App + Staking
iOS release, stacking for major POS assets, AWC migration to Binance Chain
Q3 2019 - Trading Desk + Lightning
Trading desk on major exchanges, Lighting implementation
Q4 2019 - Hardware Wallets support
Hardware wallets support, 300.000 downloads, More Pairs for Atomic Swaps
Website: https://atomicwallet.io/
White Paper: https://atomicwallet.io/
Telegram: https://t.me/atomicwalletchat
Twitter: https://twitter.com/atomicwallet
Facebook: https://www.facebook.com/atomicwallet
Reddit: https://www.reddit.com/r/atomicwallet/
Medium: https://medium.com/@atomicwallet
Bitcointalk username : HUHU2341
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