Review of the ATB Coin Blockchain Genesis Block
Dear Investors & Cryptocurrency Users!
As previously reported, ATB Coin code review has been completed, and for that reason electronic wallets are ready for launch. The wallets will be available for download immediately after the network launch. The last phase we must accomplish for a successful transition to ATB Coin blockchain is the Genesis Block generation.
Our users are often asking why the generation process takes long and what exactly is required to get done.
The process of forming a genesis block takes time and any trustworthy company will not neglect this process. It affects the quality of network and ensures there are no bugs as well as provides reliable transactions in the future operations of the platform.
Importing information about initial investors to the block genesisDuring the rapid development of ATB Coin and some case studies for the successful generation, developers need to import the balances of all investors to the genesis block. This process is carried out in the following stages:
Collection and data processing about investors from all the steps and sources;
Identification of data on depositors who invested funds directly to the wallet without registering an account at ATBcoin.com;
Defining personal accounts and one-time addresses that where used for the investment;
Identification of investors who made their investments through exchanges.
Generating Private KeysFor all the investors, including those who transferred money using their accounts at ATB Coin website, private keys will be generated to load the wallet, create addresses for charge funds and save time to obtaining them. Thus, investors can independently import a private key into the wallet and receive their balance instantly, without waiting for a script to operate.
Network OperationAfter generating the genesis block with the balances of all depositors, the last round of tests will be finalized by unit testing, and the system will start working by POW, which will last for a particular time and within this time balances will be transferred to the accounts of the users. Immediately after that, the consensus will automatically switch to PoS, the wallets will be updated on the site as well as GitHub code.
As previously reported, this process will end on September, 14. By this date, all users will be able to download wallet, compile a node locally and initiate Lightning transaction, check all the changes in the code.
