ATOMIC WALLET: A decentralized multi-currency platform

wheading.PNG

We live in the time of successful formation and rapid growth of the block chain – based market. We see governments, banks, and corporations implementing block chain pilot projects, while independent users and investors are actively entering the crypto currency market. The financial sector is leading the way in block chain and digital assets in today’s world whereby making the digital economy block chain technology keeps on developing in the way businesses are been handled.  The use of Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies offering friction-less transactions and inflation control because of these, industries need to build bridge between traditional and emerging asset classes by making experiences traders to team up with experienced developers to build this bridge

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

wadvantages of atomic.PNG

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.

whow atomic works.PNG

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:

whow it looks.PNG

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

wtoken allocation.PNG

Private presale: 50%
Founders: 30%
Public sale: 15%
Bounty/Airdrops: 5%

BUDGET ALLOCATION

wbudget allocation.PNG

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

wteam.PNG

wteam1.PNG

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

wend.PNG

Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9

0

Publication author

offline 1 year

seunola1

0
Comments: 0Publics: 5Registration: 15-06-2018
Authorization
*
*
Войти с помощью: 
Registration
*
*
*
Войти с помощью: 
Password generation