Bitcoin atomy Market Exchange Disrupt!

in #bitcoin7 years ago

The original bitcoin block chain cut itself from bitcoin atom (BCA) from another controversial hard fork (hard fork is the divergence of permanent software from the previous version of the blockchain). Bitcoin Atom introduces atomic swaps as a potential means of undermining current trading-based trading patterns.

Atomic exchange
The new technology allows owners to exchange Bitcoin Atom for another currency without the use of an exchange. This effectively removes the middleman from the equation and reduces the user's transaction costs. Atomic exchange is a simple two-step process that involves putting an order in your node and receiving the cryptocurrencies you exchange. In this case, the transaction either takes place or not. As transactions are not in the hands of exchanges, more parties are involved, increasing the likelihood of errors and incurring transaction costs, reducing anxiety.

In addition, bitcoin atomic companies are committed to conducting lightning network swaps to achieve the cost-effectiveness of instant transactions and micropayments. Making small payments in Bitcoin is not worth it, as transaction costs have ballooned to double figures.

Fully decentralized
Atomic swaps support the concept of decentralized trading systems because the exchange is centralized and the concentration and control of the trading through the accounts creates a dependence on the exchange that basically uses the entire decentralization provided by the cryptocurrency Read and control the exchange. Exchange users abandon privacy and control their assets. For example, the exchange does not support new fork coins, just as Coinbase and Bitcoin Cash did when bifurcated for the first time - account holders may not get bifurcated coins.

Mixed consensus
Bitcoin Atomic uses a hybrid consensus model that combines network security with the proof of work (POW) and proof of profit (POS) to reduce the miner's capabilities. The different algorithms described above are used to reach consensus or agreement as part of the mining validation process before the validity of the transaction is added to the blockchain.

What is forked?
In a short time, there are two important differences, bitcoin has seen its controversy. Bifurcation occurs because miners and software developers try to solve the problem with the current blockchain technology. On the side of the fork is a new, upgraded blockchain (in this case: bitcoin atom), on the other side of the fork is the old path (the original bitcoin). In the past year, several difficult bouts emerged, each time a new version of bitcoin was created. In 2017, two separate coins created bitcoin cash, which is the most famous / notorious bitcoin gold. Each has its own unique features. For example, bitcoin cash has a larger block size, allowing for faster transaction processing and lower mining costs. Bitcoin Gold is easier with any GPU.

Atom power drives innovation
At first, bitcoin cash was considered a "digital bonus," with no real potential, but then gained enough value to become the third-largest currency in the market. After bitcoin cash crashes, the market is maturing, with bitcoin atoms having some huge potential to be accepted for their technical products and may upset the current deal-based buying and selling of cryptocurrencies.

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