What is Bitcoin Atom (BCA)?
Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange – with on-chain atomic swaps on board. Atom extends the basic bitcoin protocol to allow for atomic swaps with future extensions intended to support lightning networks. Bitcoin Atom attempts to disrupt the way we exchange cryptocurrencies today, giving independence from intermediaries and any centralized entities. The coin was first announced on 4 December 2017.
Bitcoin Atom’s AS model is expected to bring transparency to digital asset trading, as attempts to churn volume via on-chain atomic swaps will be detectable by passive observers. BCA enables truly decentralized digital asset exchange by utilizing hash time-locked contracts and its own HTLC API, giving independence from intermediaries and any centralized entities. Atom 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.
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Where to buy Atom crypto coin?
Bitcoin Atom (BCA) is available on 3 platforms. Several exchanges have already agreed to verify the BCA fork and allow users to trade their newly minted coins. We recommend this secure exchange to buy this currency. It is worth knowing that 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. Lightning Network off-chain swaps are scheduled to be launched in 2018. Bitcoin Atom (BCA) futures started trading January 12, 2018, on this Exchange Platform.
Users must have access to their private keys, unless their exchange will provide support for the newly minted coins. Users can also access BCA coins directly by creating accounts on one of the exchanges and trading other tokens for BCA.
BCA futures are currently trading at approximately 0.1 BTC per 1 BCA, or roughly $1350 at current BTC price.
Predictions, reviews and price
Bitcoin Atom (BCA) has many positive reviews on forums. We can assume that the predictions are good, but we still need time to say – with absolute certainty. The idea of the project is good, because by eliminating the need for centralized exchanges by using atomic swaps, Bitcoin Atom will already make cryptocurrency transactions much more secure. Also, whereas traditional exchanges request and secure a variety of private data as a part of their verification process, no verification process is necessary on the Bitcoin Atom blockchain.
“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.” (BCA Team)
Good Luck BCA!!!