WALLET ATOMIC SWAPS
Platform - Has an Integrated Exchange
Revolution occurs in several fields in every aspect of our lives. ranging from mild to serious with him. I have no exception that we have a tendency to send cash. in the past we will only send letters of cash persecution, and also the time needed. at present, can send cash in a concise manner and where we have a tendency for it. Social networking giants like Facebook, WHATSAPP and Skype are investing in solutions to send cash via instant electronic messages. Crypto must be at the forefront of the new wave, but instead be left behind. Digital cases will not be able to compete with the smallest instant electronic messages to transfer cash.
In the world of cryptologic developers should be able to offer a much better resolution for causal cash from social media companies, large international banks, and senders. Crypto already has a solution for decentralization, in the absence of Pembamtas, safe, digital, international currencies that will send messages to anyone, anywhere. Cryptocurrency contains competitive advantages with lower value and in less time and can be used by each. Crypto in the community must be at the forefront of this paradigm shift, and not leave it on the current electronic messaging platform.
ATOMIC aims to begin introducing in the community as crypto on today’s electronic messaging platform, in the same way as a currency that exchanges directly. we will oppose a bigger challenge after we have a tendency to achieve this.
Atom Wallet provides a powerful "on demand" service, which allows users to reduce the effort needed to manage kriptovalyutnymi assets and make it transparent and reliable. To make the platform more convenient and useful for users, the Atom Wallet command uses the best user interfaces and security practices that facilitate full Atom platform functionality.
Atomic Swap basic functions:
- Blokcheyne-based colleagues order.
- Fast and secure data transfer through the Atom Distributed Order Book.
- Distributed Atom Order Book is protected from spam and fraud.
- Lowest transaction fee:for example, each party pays 0,0002 BTC and 0,0001 LTC to exchange BTC-LTC for a number of coins
- Orders are proposals, not obligations.
- Order placement does not block customer funds.
- Orders can be executed with multiple transactions.
- Offline traders cannot trade.
- Execution is managed manually.
- Applicant can refuse execution.
Atomic Swap technology
The first party (called the initiator) wishes to trade Coin B for Coin A with the other party (called the
participant). The initiator allocates the intended amount of Coin B to a contract and generates a
“secret”. The secret will later allow the participant to collect the contract output. Until he/she learns
the secret, the participant is unable to spend from the initiator’s Coin B contract.
The participant creates a contract on the Coin A blockchain in a similar to the initiator fashion. To
create the contract, the participant requires a cryptographic hash of the initiator’s secret. The initiator
could not access this contract without revealing the secret to the participant.
After both parties created their contract, neither of them can collect their coins back until the alloted
time expires. The initiator redeems the participant’s contract, thereby revealing the secret to the
participant. The latter redeems the former’s contract using the secret extracted from him/her.
When a certain period of time (typically 1 hour) expires and the participant did not redeem the
contract output, it is refunded back to the initiator’s wallet. The participant’s contract can also be
refunded back to the participant, but only after half the period of time that the initiator is required to
wait before their contract can be refunded (typically 2 hours).
The initiator can also trade Coin A for Coin B and the procedure will be the same, but with each step
performed in the opposite direction on another blockchain.
This procedure is considered atomic (i.e. with a timeout) since it gives each party at least 24 hours to
redeem the coins from the opposite blockchain before a refund can be performed.
Roadmap
April 2018
MVP Release
Asset Management Support Ethereum and Bitcoin for ERC20 tokens
Integrated Instant Exchange Service
May 2018
Beta release
The first pair to exchange atoms
Liteccoin asset management
June 2018
Introduction
implementation of ERC20 token network
Multilingual interface
26 new assets in the wallet
4 new assets in the Atom exchange
July 2018
8 new assets in the wallet
4 new assets in
Exchange Settlement
Atom sales of token atomic user ratings Exchange atoms
August 2018
Web purse
Mobile wallet for Android
Mobile purse for iOS
8 new assets in the wallet
4 new assets in the Atom exchange
September 2018
Special chat in wallet (trollbox)
Integration of hardware wallets (Trezor, Ledger)
8 new assets in the wallet
4 new assets in the Atom exchange
October 2018
DApps browser
8 new assets in the wallet
4 new assets on the Atomic Exchange
To find out more information, visit the official page below.
Official Links:
WEBSITE | ANN | PAPER PUTIH | TOKEN | TWITTER | TELEGRAM | REDDIT | GITHUB | MEDIUM
By kevinvaonav
