ICO Review: Atomic Wallet Project

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Atomic Wallet introducing a platform for custody-free, transparent, immutable cryptocurrency trading. Atomic Wallet is a new type of decentralized cross-blockchain exchange.

Atom Wallet:

Hello, If you are interested in joining the Atom project, it's good to read the following reviews that can help you get information that might help you in seeing their vision and mission and also to know about the Atom Wallet.

Eternal. Can not be trusted. Distributed.

Custody-free multi-asset wallet with decentralized atomic exchanges and orderbooks.

Manage your crypto assets in a way

Satoshi will be used.

Atom Swap:

Cross-chain is a cryptocurrency exchange between users. Basically, A sends Coin A to B Coin B's party address via blockchain, while B does the same thing with Coin B. This action occurs independently on a parallel blockchain, in a one-way manner. Such arrangements increase the likelihood that one party will never respect the end of the agreement. One way to solve this problem is the involvement of trusted third parties. Cross-chain atomic exchanges, on the other hand, solve this problem without requiring a third party.

Atomic Swap requires each party to make a transaction contract. The contract contains output that can be used by the opponent, but the rules needed to collect are different for each party involved.

Atom Swap Technology:

The first party (called the initiator) wants to trade B Coins for Coins A with other parties (called participants). The proponent allocates the amount of B Coins intended to contract and produce "secrets". The secret will then allow participants to collect the results of the contract. Until he knows the secret, the participants cannot issue money from the Coin B. initiator contract.

Participants contract on Coin A blockchain in a manner similar to initiator mode. To make a contract, participants need a secret cryptographic hash from the initiator. The initiator cannot access this contract without disclosing the secret to the participants.

After the two parties made their contract, none of them could reassemble their coins until the appointed time expired. The initiator redeems the participant's contract, thus revealing the secret to the participants. The last 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 result of the contract, it is returned back to the initiator's wallet. The participant's contract can also be returned back to the participant, 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 Coin A for Coin B and the procedure will be the same, but with each step taken in the opposite direction on another blockchain. This procedure is considered atomic (ie by timeout) because it gives each party at least 24 hours to exchange coins from the opposite blockchain before a refund can be made.

The picture below provides a visual view of the steps taken by each party and data transfer between each party:

Atomic Wallet Features:

The main feature of this wallet is the decentralized Atomic Swap Exchange, which can enable cross-chain swaps and avoid completely the risks that using third party software can bring to you.

This wallet is 100% secure and has full and free encryption, so you can be sure that you will be having the highest possible level of security by using this wallet. Your funds are only controlled by you and nobody else in the world and the company is never allowed to transmit your private keys.

Better than that, Atomic Wallet provides support for more than 300 coins and tokens, being considered one of the most convenient ways that you can manage all your assets at the same time without having to use many wallet devices. The company is constantly looking for new tokens and adding them so it can always be updated and answer to the demands of the clients.

DOB is maintained by the Atomic Wallet clients serving as nodes in the distributed network. When an order is transmitted to the network it first gets verified by all of the Atomic Wallet clients available.

Atomic Wallet will use a custom-built Byzantine consensus algorithm that keeps DOB historical data safe without needing to “mine” blocks, even in the case of a situation where nodes malfunction or become susceptible to the actions of bad actors.

Atomic Wallet traders that monitor the Decentralized Orderbook for prices that are inconsistent with an external exchange, and then restore price consistency through arbitrage. Arbitrageurs are organically incentivized to keep prices consistent and hence are important participants in the Atomic ecosystem.

People, companies, communities, organizations or foundations that issue new Smart Tokens, configuring the initial supply, price, CW, and managing the initial issuance of tokens. This also includes creators of Relay Tokens, which can connect any existing ERC20 tokens to the network.

Supported coins:

Atomic Wallet is designed as multicurrency light wallet. We will support all major currencies but if you want to speed this process up the payments in AWC accepted to cut the line.