Atomic — The first Wallet with Atomic Swaps
Atomic wallet is a multi-asset management and storage tool for cryptocurrency enthusiast. It is a distributed platform with amazing features that are appealing to its diverse users. These features include a built-in Atomic swap, integrated exchanges like Shapeshift and Changelly for swift transactions. The Atomic wallet team seeks to address the security issues (hacks, theft etc.) regarding cryptocurrency wallets and to help users effectively and efficiently manage their digital assets.
In this report, we are going to look at certain things that are peculiar to the Atomic Wallet project.
Atomic Swaps
A cross-chain is an exchange of cryptocurrencies between users. Basically, party A sends Coin A to party B’s Coin B address via blockchain, while party B does the same with Coin B. These actions happen independently on parallel blockchains, in a one-way fashion. Such setup raises the possibility of either of the parties never honoring his/her end of an agreement. One of the ways to solve this issue is involvement of a trusted third party. An atomic cross-chain swap, on the other hand, solves this problem without the need for a third party.
Atomic swaps require each party to arrange a transaction contract. The contracts contain an output spendable by the the opposite party, but the rules required to collect is are different for each party involved.
Atomic Wallet Product (MVP)
MVP stands for minimum variable product. It could be referred to as a product with enough features to satisfy the initial customers and provide feedback for future development (Beneyto, 2018). The team behind the project has deployed a working product which is being utilized by users across the globe. The platform is currently available as a desktop application for Windows OS, MacOs and other Linux distributions. They also have plans to release the mobile version in autumn. The wallet comes with many exciting features to help users have a better experience. It enables users to manage and store varieties of digital assets like Bitcoin, Etherium, Litecoin, ERC20 tokens and several others that are being added as the product evolves.
Atomic Wallet: a light wallet solution
The Atomic swap is an extra functionality of the Atomic wallet to help users of the product to seamlessly exchange their crypto assets. We all know the hustle we go through when it comes to using centralized exchanges. We sometimes face the issues of our funds being prone to attacks, delayed withdrawal process due to identity verification, high fees for transactions etc. The atomic swap process was intended to address this issues.
With atomic swap, users get to enjoy benefits including identity verification not being mandatory, fixed exchange rates, unlimited transactions, direct exchanges of one coin for another without intermediary pairs and several others. Unfortunately, this functionality doesn’t support all coins and Atomic wallet has made provisions for that by introducing ShapeShift (instant exchange and fixed rate) as an optional exchange.
Featured Coins
Conclusion
Every atomic swap uses a hashed time-locked contract, which is a part of the scripting language used for most major cryptocurrencies in existence right now. Both parties submit their individual transaction to the appropriate blockchain. User A sends bitcoin on the Bitcoin blockchain, and user B sends ETC on the Ethereum Classic chain. The recipient can only claim this transaction by revealing a secret number.
Team Members
Partners
RoadMap
April 2018 — Alpha release
- Ethereum and Bitcoin asset management
- 200+ token assets support
- Integrated instant exchange service
May 2018 — Beta Version release
- Litecoin asset management
- First pair for Atomic swaps
- Distributed Orderbook over torrent protocol v. 1.0
June 2018
- ERC20 token swaps
- Lightning network implementation
- Multi-language UI
- 26 new assets in the wallet
- 4 new assets in the atomic exchange
July 2018
- Crypto against fiat conversion options integration
- 8 new assets in the wallet
- 4 new assets in the atomic exchange
- Atomic exchange users ratings
- Finish of the token sale
- Custom nodes and block explorers usage
August 2018
- Web wallet
- Mobile wallet for Android
- Mobile wallet for iOS
- 8 new assets in the wallet
- 4 new assets in the atomic exchange
September 2018
- User chat in the wallet (trollbox)
- Hardware wallet integration (Trezor, Ledger)
- 8 new assets in the wallet
- 4 new assets in the atomic exchange
October 2018
- dApps browser
- 8 new assets in the wallet
- 4 new assets in the atomic exchange
Token Details
Token Sale
Private Pre-Sale
- Minimum contribution: $100,000
- Maximum contribution: $1 million
- KYC: Required for all investors
Public Sale
- Start Date: September 1, 2018
- Maximum number of issued tokens: 100,000,000. This amount of emission is possible only on condition that all investments are collected to the maximum allowable amounts of 1,000,000, and a hard cap is reached.
-Minimum number of issued tokens: 25,000,000. This amount of emission is possible only on condition that all investments are collected with minimum allowable amounts of 100,000, and the minimum amount necessary for the development of the project is achieved.
Token Parameters
Ticker: AWC
Full name: Atomic Wallet Coin
Decimals: 8
Total supply: 100,000,000 AWC
Team vesting plan: 25% per year
Budget Allocation
Initial liquidity for market making: 40%
Software development: 30%
Legal and operational: 20%
Marketing: 5%
Unexpected costs: 5%
Token Distribution
Private presale: 50%
● Founders: 30%
● Public sale: 15%
●Bounty/Airdrops: 5%
More information :
WEBSITE: https://atomicwallet.io/
WHITEPAPER: https://download.atomicwallet.io/atomicwallet-whitepaper.pdf
GITHUB: https://github.com/Atomicwallet
TWITTER: https://twitter.com/atomicwallet
TELEGRAM: https://t.me/atomicwalletchat
Bitcointalk username: ku10ng
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1274487
ETH Wallet Address: 0xdC85Cb26F7CdAF165C5d5e242A20509a99CA1194