ATOMIC SWAPS WALLET

As a rule, for the Atomic swap to happen in the Atomic system, data is generated, ordered and gathered with the assistance of blockchain oracles from the systems where Atomic Swaps are prepared.

THE ATOMIC SWAPS

During the time spent in Atomic swaps, something we call "A CROSS-CHAIN" happens. A cross-chain is an exchange of cryptocurrencies between users. In a perfect world, party A sends Coin A to party B's Coin B address by means of blockchain, while party B does likewise with Coin B. These activities happen independently on parallel blockchains. Such setup raises the likelihood of both of the parties never regarding his/her finish of an agreement. One of the approaches to fathom this issue is inclusion of a confided in third party. Consequently, a nuclear cross-chain swap, on alternate hand,comes in to take care of this issue without the requirement for a third party. This Atomic swaps require each party to orchestrate a transaction contract where the contracts contain an output spendable by the contrary party, however the tenets required to collect is are different for each party included.

INNOVATIONS BEHIND THE ATOMIC SWAP

In the Atomic ecosystem, normally there is who we call the initiator who being the fore party wishes to carry out exchange coin B for Coin A with the member. Here, the initiator is deemed it fit to assign the planned measure of Coin B to a contract and creates a "mystery". This mystery will then later enable the member to gather the contract output. But he/she takes in the secret, the member will be not able spend from the initiator's Coin B contract. Subsequent to taking in the insider facts, the member at that point makes a contract on the Coin A blockchain in a comparable with the initiator.

In other to make the make, the contract, the member needs a cryptographic hash of the initiator's secret. The initiator would not get to this contract without uncovering the key to the member. The initiator recovers the member's contract, by uncovering the key to the member. The last reclaims the previous' contract utilizing the secret separated from him/her. Notwithstanding, after a due time and the member did not recover the contract output, it is then discounted back to the initiator's wallet. The member's contract can likewise be discounted back to the member, however simply after a large portion of the timeframe that the initiator is required to hold up before their contract can be discounted this is ordinarily between the hours of 1 and 2. The initiator can likewise exchange Coin A for Coin B and the system will be the equivalent, yet with each progression performed the other way on another blockchain. This strategy is viewed as nuclear as it gives each party somewhere around 24 hours to redeem the coins from the inverse blockchain before a refund can be performed.

Tokenomics

The Atomic Wallet atomic token will be an ERC20 token, called AWC (Atomic Wallet Coin) with a maximum supply of 100M AWC to be created.

Type: ERC20 Token

• Ticker: AWC

• Full Name: Atomic Wallet Coins

• Decimal: 8

• Total supply: 100,000,000 AWC

For more information about the project click the links below:

WEBSITE : https://atomicwallet.io/
ANN : https://bitcointalk.org/index.php?topic=4437510.0
WHITE PAPER : https://download.atomicwallet.io/atomicwallet-whitepaper.pdf
TOKEN : https://atomicwallet.io/token.html
TWITTER : https://twitter.com/atomicwallet
TELEGRAM : https://t.me/atomicwalletchat
REDDIT : https://www.reddit.com/r/atomicwallet/
GITHUB : https://github.com/Atomicwallet
MEDIUM : https://medium.com/atomic-wallet

Written By: chacha1000
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2015045