In January 2018, Bitcoin Atom (BCA) will take place, which should solve the problem of slow processing of transactions. The exact date is not called, but the authors of the project say that the new platform will be able to improve the situation at the time of confirmation of transactions.
The situation with the speed of bitcoin-transaction confirmation leaves much to be desired: Bitcoin-Exchange Bitpay recorded an increase in the number of miners, which resulted in the appearance of a huge number of unprocessed transactions. Bitpay says that the transaction time varies from a few hours to several weeks. SegWit in the Bitcoin network is not spreading too fast, although many key players in the market have expressed support for this decision. Someday everything will work out, but the authors of the Bitcoin Atom project do not want to wait: in January they will hold a hard-core and promise that the new network will function much faster.
Details concerning the new project, while a little. In September, the Decred Cryptocurrency announced a new method of currency exchange: On-Chain Atomic Swaps (the so-called platform technology for atomic swaps). The new feature allows users to exchange cryptocurrency in a digital "over-the-counter" environment, that is, without the participation of exchanges.
Bitcoin Atom will be able to work with the new On-Chain Atomic Swaps method to solve the problem of slow processing of bitcoin transactions. BCA will allow to completely decentralize the exchange of digital assets with the help of hash-time contracts HTLC through the network Ligtning Network. Security of the ICA will be provided through a hybrid consensus of two models - PoS (Power of Snake) and PoW (Power of Work), which increase network stability and reduce the power of miners. The BCA emission is limited to 21 million coins.
Recall that in September last year, Decred's cryptocurrency announced the latest method of currency exchange: On-Chain Atomic Swaps. The new option allows users of cryptocurrencies to exchange coins in a digital "over-the-counter" environment, that is, without the participation of the exchanges themselves.
The new Bitcoin Atom cryptocurrency will be able to work with the On-Chain Atomic Swaps method, which allows it to solve the problem of slow processing of bitcoin transactions. BCA will allow to completely decentralize the exchange of digital means by means of hash-time contracts HTLC through the network Ligtning Network.
The platform will use a combined consensus building algorithm: PoS should democratize the mining process, and PoW should increase the stability of the network.
The new service plans to issue 21 million tokens, which will be credited to all bitcoin owners at a rate of 1 BCA per 1 BTC. To do this, you must have access to the private keys bitcoin or store bitcoin on one of the exchange points or wallets that already support BCA. December 27 it became known that the BCA is supported by the Coinomi wallet and the OKEX trading exchange, Yobit.
