The cryptocurrency market and its projects have really make it vey easy for us to understand the potential of the blockchain technology as a powerful advantage of the future. So the blockchain technology is really having effort on the crypto market and it is leading the future of financial markets.
However, over the past few years,the cryptocurrency market have encounter extensive obstacles in terms of the development of the blockchain based markets. Out of all the obstacles the crypto market have observed , the issues of trust have remain he greatest challenge towards centralised financial services in a decentralised environment.
The developers and the whole community is facing alot of unresolved issues which have been preventing a full scale implementation of the blockchain technology in a vast variety of industries. The creator of bitcoin known as Satoshi nakamoto presented to the world a revolutionary technology which would offer an important advantage to any project that would make use of it.
These important advantages includes openness, independence from trust based mechanisms and transparency which have been explored and also utilized by those that are involved in the field. The third custody have really affected the ecosystem in terms of sustainability, bringing vulnerability to manipulative and regulative actions.
All these have been causing alot of harm to the cryptocurrency market exchange. However,for this reasons the atomic wallet was created to solved the above mention problems or challenges affecting the market. The platform wants to solve the above mention problems by introducing a fundamental new platform for custody free, transparent,immutable cryptocurrency trading.
The atomic wallet platform is the simplest way to connect buyers and sellers within a decentralised framework. It is the new type of decentralised cross blockchain exchange.
THE PLATFORM
The atomic wallet team focused mainly on bringing decentralised experience to all their customers on all the platform. The platform's technology is created with the idea of omni channel product which the customers can be able to access from any kind of device he or she has and the platform supports the following platforms currently
》Mac0s
》Microsoft windoms
》Ubuntu
》Debian
》Fedora and further development will support the following
Web
■Java script web based applications
Mobile
■iOs
■Android
Browser plugin
■Chrome
■FireFox
The atomic wallet platform is centered o a unique proprietary engine specifically designed to solve a specific tasks. The whitepaper contains a large number of technical terms that describes certain elements of the platform. The platform have a powerful in demand service which gives the users the opportunity to reduce efforts that they spent on managing crypto assets and render it transparent and trustless.
The platform wants to satisfly their users,so the team members of the platform makes use of the best UI and security practices that will facilitate the functionality to the full range. They are essential operations that the users would like to do with their cryptocurrencies and they include
★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 address
★Select cryptocurrency node to use
★Select blockchain explorer to use
ATOMIC ORDERBOOK IMPLEMENTATION
Distributed orderbook (DOB) is actually a way that is use to represent market offers in a decentralised manner that is in accordance with the spirit of blockchain industry. It is based on BitTorrent protocol which is a communication protocol for a peer to peer file sharing used to distribute data and electronic files over the Internet.
This distributed order book is an immutable and also decentralised solution that is created to transmit information about the exchange orders among atomic wallet users. The DOB is been maintain by atomic wallet clients and it serves as nodes in the distributed network. Any time an order is been transmitted to the network, it will first be verified by all the atomic wallet clients that is available.
All the clients validate following Information before submitting it to the mempool.
Data consistency-... All the data is been submitted to the mempool in pre described by the order book protocol format and it should not contain injections nor interfere the dependencies in the orderbook that can appear.
Order legitimity_.. This analyse parameters such as digital signature.
Blacklist screening_... The absence of the orders address in the blacklist of spammimg.
So after the necessary checks have been processed, the atomic wallet will then add order to the distributed orderbook and then start seedimg it with the neighbouring atomic wallets. The diagram below summaries the order acceptance to the distributed order book mempool.
THE ATOMIC SWAP TECHNOLOGY
The initiator which is the first party wishes to trade coin B for coin A with the other party called the participant. The initiator will then allocate the amount of coin B to a particular contract and generates a secret.
It is this secret that will allow the participant to collect the contract output until the participant learns the secret,he or she cannot be able to spend from the initiators coin B contract. The participant will then creates a contract on the coin A blockchain in a similar way to the initiator.
After the contract have been created by both parties, neither of them can collect their coin back untill the time allocated expires. The initiator will then redeems the participant's contract by revealing the secret to the participant. The diagram below summaries the steps both party perform and the transfer.
THE ATOMIC TOKEN
The atomic wallet token is called AWC and it will run on the ethereum blockchain with ERC20.
◆Type____ ERC20 token
◆Ticker____ AWC
◆Name____ Atomic wallet coin
◆Decimal____ 8
◆Total supply___ 100,000,000 AwC
ROADMAP
TEAM MEMBERS
CONCLUSION
Atomic wallet platform is really an interesting platform with great concept joined together with awesome team members. The platform is centered on bringing truly decentralised experience to all the customers on all the platform. Its technology is created with the idea of omni channel products which the customers can access from any kind of device.
The platform has many interesting phenomenon with proffessional team members. However,I will advice everyone to invest in this platform because it worth doing so. For further information just click on any of the useful links below.
USEFUL LINKS
Website___ https://atomicwallet.io/
Twitter__ https://twitter.com/atomicwallet
Telegram__ https://t.me/atomicwalletchat
Medium__ https://medium.com/atomic-wallet
Facebook___ https://www.facebook.com/atomicwallet
Reddit___ https://www.reddit.com/user/atomicwallet/
Whitepaper__ https://atomicwallet.io/download/atomicwallet-whitepaper.pdf
Author details
Bitcointalk username__ Ifeoma
Bitcointalk profile link___ https://bitcointalk.org/index.php?action=profile;u=1616375
