ATOMIC WALLET: The Platform that does free exchange between blockchain
Society has advanced
more in the
past several decades than it
has in a
millennium. Despite all our technological and societal advances, we
struggle to overcome some of the same fundamental challenges -global poverty,
disease, and the distribution of wealth and power, to name just a few. Crypto-currencies have developed
over the last few years, and have grown from a concept to a relatively stable
investment for many. With the
rise of a small number of big tech companies and governments using
technology to watch
their citizens, many people
now believe technology
only centralizes power rather than decentralizes it. There are important
counter-trends to this like encryption and cryptocurrency that take power from
centralized systems and put it back into people’s hands. Humanity has a long
way to go.
Before I proceed lets take a look at this video.....
https://youtu.be/f-HgTT93JV8
ATOMIC WALLET
Atomic wallet is a decentralized multi-currency platform that provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. Atomic wallet platform is not just a wallet but also has a cross-chain Atomic swap exchange and a decentralized order book.
FEATURES
Asset Management
Atomic Wallet provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. The asset management wallet functionality is built on the Simplified Payment Verification technology (SPV), which makes it possible for users to perform tasks such as:
Receive crypto assets to the generated wallet.
Import assets to the wallet using private keys of various formats.
Store private keys in a securely encrypted environment.
Send assets to other addresses.
Select cryptocurrency node to use.
Select blockchain explorer to use.
ADVANTAGES
PURPOSE OF ATOMIC TOKEN
AWC token will be used to pay for different fees on Atomic Wallet platform, such as:
Listing new assets in Atomic Wallet
Each cryptocurrency, foundation or token will be able to purchase integration within the Atomic Wallet for the AWC-tokens. The price of integration will be 100,000 AWC-tokens.
Listing new assets in Atomic swap exchange Each cryptocurrency, foundation or token will be able to purchase integration within the Atomic Wallet swap exchange market for the AWC-tokens. The price of integration will be 150,000 AWC-tokens.
HOW ATOMIC SWAP WORKS
Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without a third-party risks.
Atomic Swap is a technique that can exchange digital money in "cross chain," straightly, without going from side to side any 3rd party services. It can be completed in 2 ways:
On-chain
Off-chain
Among the 2 ways above, Atomic Swap works by applying Hashed Time lock agreements (HTLCs). The applying of this HTLC is derived from the idea of BTC community that applies Lightning Network.
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.
How it looks in the Atomic Wallet:
ATOMIC TOKEN
Atomic Wallet will issue own token, called the AWC (Atomic Wallet Coin). A strict limit of 100M AWC will be created, never to be increased.
Type: ERC20 Token
Ticker: AWC
Full name: Atomic Wallet Coin
Decimals: 8
Total supply: 100,000,000 AWC
Open Contract Source Code
Token economy and premises to following price growth is described in a special charter.
INITIAL COIN OFFERING (ICO)
Token issuing
A smart contract based on the Ethereum network is written for the effective implementation of the Atomic ICO project. On the day of the ICO launch, the Atomic team will publish the smart contract, which will initialize the issuing of AWC-tokens based on ethereum in accordance with the ERC20 standard.
The contract will support following functionality:
Crowdsale management
AWC tokens issuance (standart ERC20)
AWC tokens transmittance
The main function of the crowdsale part of the contract is to regulate the price of the token.
Additionally, this smart contract will keep records of the AWC-tokens provision to investors’ community and to founders.
TOKEN ALLOCATION
Private presale: 50%
Founders: 30%
Public sale: 15%
Bounty/Airdrops: 5%
BUDGET ALLOCATION
Initial liquidity for market making: 40%
Software development: 30%
Legal and operational: 20%
Marketing: 5%
Unexpected costs: 5%
ROADMAP
April 2018 - Alpha release
Ethereum and Bitcoin asset management
200+ token assets support
Integrated instant exchange service.
May 2018 - Beta Version release
Litecoin asset management
First pair for Atomic swaps
Distributed Orderbook over torrent protocol v. 1.0
June 2018
ERC20 token swaps
Lightning network implementation
Multi-language UI
26 new assets in the wallet
4 new assets in the atomic exchange
July 2018
Crypto against fiat conversion options integration
8 new assets in the wallet
4 new assets in the atomic exchange
Atomic exchange users ratings
Finish of the token sale
Custom nodes and block explorers usage.
August 2018
Web wallet
Mobile wallet for Android
Mobile wallet for iOS
8 new assets in the wallet
4 new assets in the atomic exchange.
September 2018
User chat in the wallet (trollbox)
Hardware wallet integration (Trezor, Ledger)
8 new assets in the wallet
4 new assets in the atomic exchange.
October 2018
dApps browser
8 new assets in the wallet
4 new assets in the atomic exchange
MEET THE GREAT MINDS BEHIND THIS PROJECT
For more information, please visit:
Website: https://atomicwallet.io/
Whitepaper: https://atomicwallet.io/download/atomicwallet-whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4437510.0
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
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
Atomic wallet is a decentralized multi-currency platform that provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. Atomic wallet platform is not just a wallet but also has a cross-chain Atomic swap exchange and a decentralized order book.
FEATURES
Asset Management
Atomic Wallet provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. The asset management wallet functionality is built on the Simplified Payment Verification technology (SPV), which makes it possible for users to perform tasks such as:
Receive crypto assets to the generated wallet.
Import assets to the wallet using private keys of various formats.
Store private keys in a securely encrypted environment.
Send assets to other addresses.
Select cryptocurrency node to use.
Select blockchain explorer to use.
ADVANTAGES
PURPOSE OF ATOMIC TOKEN
AWC token will be used to pay for different fees on Atomic Wallet platform, such as:
Listing new assets in Atomic Wallet
Each cryptocurrency, foundation or token will be able to purchase integration within the Atomic Wallet for the AWC-tokens. The price of integration will be 100,000 AWC-tokens.
Listing new assets in Atomic swap exchange Each cryptocurrency, foundation or token will be able to purchase integration within the Atomic Wallet swap exchange market for the AWC-tokens. The price of integration will be 150,000 AWC-tokens.
HOW ATOMIC SWAP WORKS
Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without a third-party risks.
Atomic Swap is a technique that can exchange digital money in "cross chain," straightly, without going from side to side any 3rd party services. It can be completed in 2 ways:
On-chain
Off-chain
Among the 2 ways above, Atomic Swap works by applying Hashed Time lock agreements (HTLCs). The applying of this HTLC is derived from the idea of BTC community that applies Lightning Network.
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.
How it looks in the Atomic Wallet:
ATOMIC TOKEN
Atomic Wallet will issue own token, called the AWC (Atomic Wallet Coin). A strict limit of 100M AWC will be created, never to be increased.
Type: ERC20 Token
Ticker: AWC
Full name: Atomic Wallet Coin
Decimals: 8
Total supply: 100,000,000 AWC
Open Contract Source Code
Token economy and premises to following price growth is described in a special charter.
INITIAL COIN OFFERING (ICO)
Token issuing
A smart contract based on the Ethereum network is written for the effective implementation of the Atomic ICO project. On the day of the ICO launch, the Atomic team will publish the smart contract, which will initialize the issuing of AWC-tokens based on ethereum in accordance with the ERC20 standard.
The contract will support following functionality:
Crowdsale management
AWC tokens issuance (standart ERC20)
AWC tokens transmittance
The main function of the crowdsale part of the contract is to regulate the price of the token.
Additionally, this smart contract will keep records of the AWC-tokens provision to investors’ community and to founders.
TOKEN ALLOCATION
Private presale: 50%
Founders: 30%
Public sale: 15%
Bounty/Airdrops: 5%
BUDGET ALLOCATION
Initial liquidity for market making: 40%
Software development: 30%
Legal and operational: 20%
Marketing: 5%
Unexpected costs: 5%
ROADMAP
April 2018 - Alpha release
Ethereum and Bitcoin asset management
200+ token assets support
Integrated instant exchange service.
May 2018 - Beta Version release
Litecoin asset management
First pair for Atomic swaps
Distributed Orderbook over torrent protocol v. 1.0
June 2018
ERC20 token swaps
Lightning network implementation
Multi-language UI
26 new assets in the wallet
4 new assets in the atomic exchange
July 2018
Crypto against fiat conversion options integration
8 new assets in the wallet
4 new assets in the atomic exchange
Atomic exchange users ratings
Finish of the token sale
Custom nodes and block explorers usage.
August 2018
Web wallet
Mobile wallet for Android
Mobile wallet for iOS
8 new assets in the wallet
4 new assets in the atomic exchange.
September 2018
User chat in the wallet (trollbox)
Hardware wallet integration (Trezor, Ledger)
8 new assets in the wallet
4 new assets in the atomic exchange.
October 2018
dApps browser
8 new assets in the wallet
4 new assets in the atomic exchange
MEET THE GREAT MINDS BEHIND THIS PROJECT
For more information, please visit:
Website: https://atomicwallet.io/
Whitepaper: https://atomicwallet.io/download/atomicwallet-whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4437510.0
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
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
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