Good evening dear readers and crypto friends, back again with Stevano, on this occasion I will discuss the Atom project
Atom Swap
Cross-chain is a cryptocurrency exchange between users. Basically, A sends Coin A to the B Coin B party address through the blockchain, while B does the same thing with Coin B. This action occurs independently on the parallel blockchain, in a one-way way. Such arrangements increase the possibility that one party will never respect the end of the agreement. One way to overcome this problem is the involvement of trusted third parties. On the other hand, atomic cross-chain exchanges solve this problem without the need for third parties.
Atomic swap requires each party to make a transaction contract. The contract contains output that can be spent by the opponent, but the rules needed to collect are different for each party involved.
Teknologi Atom Swap
The first party (called the initiator) wants to trade Coin B for Coin A with another party (called the participant). The initiator allocates the number of Coins B intended for contracts and produces "secrets". The secret later will allow participants to collect contract results. Until he knows the secret, the participants cannot spend money from the Coin B initiator contract.
Participants contract in the Coin A blockchain in a manner similar to the initiator mode. To make a contract, participants need a confidential cryptographic hash from the initiator. The initiator cannot access this contract without disclosing the secret to the participants.
After both parties make their contract, none of them can reassemble their coins until the specified time ends. The initiator redeemed the participant's contract, thus revealing the secret to the participants. The latter redeemed the contract maker using secrets taken from him.
When a certain period of time (usually 1 hour) ends and the participant does not redeem the results of the contract, it is returned to the initiator's wallet. Participant contracts can also be returned back to participants, but only after half the time period required by the initiator to wait before their contract can be returned (usually 2 hours).
The initiator can also trade A Coins for Coin B and the procedure will be the same, but with each step taken in the opposite direction with another blockchain. This procedure is considered atomic (ie with a time limit) because it gives each party at least 24 hours to exchange coins from the opposite blockchain before a refund can be made.
The image below provides a visual display of the steps each party has taken and data transfers between each party:
Prinsip pertukaran
Token Atom
Atom Wallet will issue its own token, called AWC (Atomic Wallet Coin). A tight limit of 100M AWC will be made, never increased.
Issuance of Tokens
Initial Coins Offer (ICO) Smart contracts based on the Ethereum network written for effective Atomic ICO project implementation. On the day of the launch of the ICO, the Atom team will issue a smart contract, which will initialize the issuance of ethereum AWC-tokens in accordance with the ERC20 standard.
Kontrak will support the following functions:
- Crowdsale Management
- AWC token problem (ERC20 standard)
- Transfer of AWC tokens
The main function of the crowdsale part of the contract is to set the price of the token.
In addition, this smart contract will keep records of giving AWC-tokens to the community of investors and founders.
The source code of the smart contract for the AWC-token launch can be found here: https://github.com/Atomicwallet.
Budget allocation
Each swap atom uses a locked time-key contract, which is part of the scripting language used for most of the main cryptocurrency at present. Both parties send their respective transactions to the appropriate blockchain. User A sends a bitcoin to the Bitcoin blockchain, and user B sends an ETC to the Ethereum Classic chain. Recipients can only claim this transaction by revealing a secret number.
Just enough discussion of the Atom project from me can hopefully be useful and help you.
For more detailed information, you can visit the official link below:
WEBSITE: https://atomicwallet.io/
ANN THREAD: 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
Authour: Syevano
Profil bitcointalk: https://bitcointalk.org/index.php?action=profile;u=939773
ETH Address: 0x600551EA1C7fE83F9f63254B3b054DcAe9cC2251
