ATOMIC SWAP - SECURE CRYPTO ASSET WALLET AND EXCHANGE

vocalwalls (29)in #blockchain • 6 years ago

Hey guys, I trust you having a splendid day, as am I. today I will be sharing with you the best and most convenient way by which we will soon be able to store our crypto assets and safely make crypto exchanges.

A Brief Look At The Industry
The blockchain has the most secure means of transaction and storage, but yet from history we still find out that crypto wallets and exchanges have lost considerable amount of money in the process of being hacked or simply because due to system loopholes such as Mt.Gox trading platform and some others who survived and many who didn’t, now I know you might have wondered, if the blockchain is secure how come they still experience these kinds of attacks and loses.

Well the truth is, the blockchain might be secure, but it still depends of the platforms expertise in adopting the blockchain technology and how well they can keep it secure, I read an article which said it was important for Mt.Gox to go for a better and improved system to come, so it goes to say these wallets and exchange who have lost much just didn’t properly protect themselves.

However, the exchanges and wallets which have survived till now have learned a great deal from past mistakes and improved their system, but even at that they still suffer some setback. Today, I will be sharing with you a better and more efficient system which will soon be taking over the industry.

INTRODUCING ATOMIC WALLET AND EXCHANGE
ATOMIC which have seen the flaws in current and past wallets and exchange, aims to provide a global powerful and unmatched level of security for its wallet and exchange.

SECURITY PROBLEMS OF EXISTING WALLETS AND EXCHANGE
Listed below are a few of the security challenges faced by existing exchanges and wallets.

Custody risk: today's exchanges provides huge exchange volumes which might sound pleasant to the ears but the downline is, because of this they inherit custody risks which go against the very thing the blockchain stands for, openness, transparency and independence, which was made evident in the Mt.

Dox collapse that took more than a year for the market to recover from.

Falsification of market data: some of today's exchanges now use the promises of false market data to drag investors into their platforms, by falsifying the current market data consciously or unconsciously.

A Look At Atomic Swap's Strategy
The aforementioned are but a few of the security challenges faced by exchanges and wallets today and they are what the Atomic wallet and exchange have aimed to fix with a fundamentally new approach which is based on the idea of decentralized asset exchange.

The Atomic is creating a convenient and versatile solution for wallets and exchanges, Atomic will be based on a unique, proprietary engine which is specifically designed to solve specific tasks.

The Atomic wallet will be providing a powerful in-demand service which will allow its users to spend less effort in managing their crypto assets and render it secure and transparent.

What Makes Atomic Different From Others?
The Atomic exchange will be making use of the BitTorrent protocol which is a communication protocol for peer-peer sharing of files which is used to distribute data and files over the internet, the

Atomic exchange will be integrated into the wallet features.

An integrated ATOMIC exchange with wallet will provide the following

An order is an offer and not a commitment, which will operate by customer posting an ad for an upcoming trade if the trading comes, users have the capacity to withdraw from the trade

Order placement will not obstruct users until orders have been connected with buyers or sellers, funds will not be moved.

What Do I Think?
Atomic will be the safest wallet and pee-peer exchange on our time when it fully launches, I did suggest you get on board now and not later.

Official website: https://atomicwallet.io/
White Paper: https://atomicwallet.io/
Github : https://github.com/Atomicwallet
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