Topic: ⚛️ SWAPS.ORG – TRADE NATIVE CRYPTO - XMR/BTC/ETH/ERC-20 - ON-CHAIN DEX ⚛️ - page 146. (Read 54767 times)
December 11, 2017, 11:46:40 AM
AS is the future of coin exchange. Good thought Dev. Just make sure you pursue this lofty ideal ultimately, and this could be the thrue hier to BTC's soon-to-be-vacant throne
December 11, 2017, 11:24:55 AM
There will be pre-mined coins?
is it used to be a pre-mined coins before a fork? December 11, 2017, 11:04:58 AM
pretty scrap project information and missing a lot of nianse.It seems quite interesting and promising but does not inspire trustDo you have a telegram?
What's missing - happy to provide it?
Telegram is on the front page of the website (bitcoinatom.io): https://t.me/bitcoinatom
December 11, 2017, 11:02:30 AM
Exciting Bitcoin fork project, but why you chose the ASIC friendly SHA256 algorithm over a GPU or a CPU mining algorithm?
And why did you implement a two-week difficulty adjustment?
And why did you implement a two-week difficulty adjustment?
I'm wondering the same on two-week difficulty adjustment
December 11, 2017, 10:53:28 AM
I like swaps, you receive free coins only for holding Bitcoins 
how many bitcoins have I to have to participate in the fork? December 11, 2017, 10:45:32 AM
More info about Atomic Swaps, HTLCs and Payment Channels in LN allowing for off-chain swaps:
https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts
https://en.bitcoin.it/wiki/Payment_channels
https://en.bitcoin.it/wiki/Lightning_Network
https://rusty.ozlabs.org/?p=462
Our goal is to simplify decentralized exchange of value in cryptos and eventually make it instant & hassle-free out of the box.
https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts
https://en.bitcoin.it/wiki/Payment_channels
https://en.bitcoin.it/wiki/Lightning_Network
https://rusty.ozlabs.org/?p=462
Our goal is to simplify decentralized exchange of value in cryptos and eventually make it instant & hassle-free out of the box.
December 11, 2017, 10:42:17 AM
Is there any article about this fork?
December 11, 2017, 10:39:46 AM
Exciting Bitcoin fork project, but why you chose the ASIC friendly SHA256 algorithm over a GPU or a CPU mining algorithm?
And why did you implement a two-week difficulty adjustment?
And why did you implement a two-week difficulty adjustment?
I'm wondering the same on two-week difficulty adjustment
Please check my post above on 2-week adjustment: retargeting on every block would result in ridiculous oscillation in the difficulty level when there's a hot streak and several blocks are found in short succession or a cold streak where a block isn't found for a long period
December 11, 2017, 10:37:36 AM
Exciting Bitcoin fork project, but why you chose the ASIC friendly SHA256 algorithm over a GPU or a CPU mining algorithm?
And why did you implement a two-week difficulty adjustment?
And why did you implement a two-week difficulty adjustment?
We already had a similar question, and our thinking on it is the following:
Atomic Swaps are the way forward for exchanging - this is called innovation for decentralization.
Bitcoin holders will receive one Bitcoin Atom for each Bitcoin they hold.
Merry X-mas
if you want to decentralize, get rid of sha256 and move to a gpu only algo.Bitcoin holders will receive one Bitcoin Atom for each Bitcoin they hold.
Merry X-mas
There already exist forks which attempt to decentralize the system by moving to a GPU-only algo. BCA, however, takes a different approach (in terms of block generation & consensus model) and uses a hybrid PoW/PoS, providing processing power decentralization.
Regarding 2-week difficulty adjustment: nothing surprising actually, as retargeting on every block would result in ridiculous oscillation in the difficulty level when there's a hot streak and several blocks are found in short succession or a cold streak where a block isn't found for a long period - as per Compro01 (bitcoin.stackexchange) and common sense.
Reference:
https://bitcoin.stackexchange.com/questions/9305/why-not-retarget-on-every-block
https://en.bitcoin.it/wiki/Adaptive_difficulty
December 11, 2017, 10:27:49 AM
Is this a decentralised project?
Yes Schopenhauer365, BITCOIN ATOM is a decentralized open source project. All our codes will be available on Github
December 11, 2017, 10:19:54 AM
project is quite good and interesting. For 1: 1 fork for Bitcoin is the same as Bitcoincash. one question from me? what is the predicted price for BitcoinAtom when it releases in exchange?
December 11, 2017, 10:14:17 AM
Sounds like this fork has a purpose at least. I love the idea of atomic swaps, this is truly the way we should exchange our coins. I hate centralized exchanges and also the decentralized solutions that are availible for now are not really satisfying, so I really believe that atomic swaps will be the future of exchanging crypto. I will stay tuned and monitor this project. Lets see if we have a fork here that will achieve something new.
We feel you bribed, I'm sure each of us has already experienced those delays, missing coins, unresponsive support and many other issues related to centralized exchanges. This will not be happening with Atomic Swaps. BITCOIN ATOM is here to make sure of that
December 11, 2017, 10:12:40 AM
i will stay tuned for more update for your project,dev. and waiting about Bitcoin Atom program promotion , like bounty campaign maybe or etc.
Thank you tperkara, please see the following:
Will it be a bounty campaign?
Due to receiving a number of messages asking about the BCA Bounty program, we are considering to create one, spreading a word about Bitcoin Atom.
All details regarding Bounty will be published in this thread.
We plan to launch an official BCA Bounty campaign within 2-3 days
December 11, 2017, 10:03:03 AM
There will be pre-mined coins?
December 11, 2017, 09:54:58 AM
Another fork?
How will I access my coins?
How will I access my coins?
December 11, 2017, 09:52:23 AM
Is this a decentralised project?
December 11, 2017, 09:46:32 AM
One more question. Your website states "Bitcoin Atom (BCA) brings a truly decentralized way of digital asset exchange with on-chain atomic swaps on board". Does it mean you consider bitcoins to be centralized? How will BCA be more decentralized than bitcoins?
No, we do not consider Bitcoin to be centralized, but everything here is about the extent to which decentralization takes place in a system.
Many of us know that Bitcoin has several weaknesses related to its pure PoW approach, for instance today we observe the increasing centralization of miners (e.g. Chinese pools). In addition to that, the most common way people exchange cryptos today make them completely dependent on exchange operators such as MtGox and btc-e - we consider that this way should not be centralized in order to avoid making mistakes of the past.
Bitcoin Atom attempts to solve both of the aforementioned problems by bringing a hybrid consensus approach, on-chain atomic swaps via HTLCs and their faster off-chain lightning analogs.
Thanks for the answer. I must admit it makes sense. I've heard about MtGox although I wasn't involved in crypto back then. I wish you good luck devs, seems to me your project can make bitcoin better.
BITCOIN ATOM is providing substantial additional value, that's for sure. We really appreciate your nice words! Thank you longwintershere
December 11, 2017, 09:45:54 AM
I like swaps, you receive free coins only for holding Bitcoins
December 11, 2017, 09:34:55 AM
Sounds like this fork has a purpose at least. I love the idea of atomic swaps, this is truly the way we should exchange our coins. I hate centralized exchanges and also the decentralized solutions that are availible for now are not really satisfying, so I really believe that atomic swaps will be the future of exchanging crypto. I will stay tuned and monitor this project. Lets see if we have a fork here that will achieve something new.
Yes, it sounds different than other forks. Let's see if it has success, I think it will have. 
December 11, 2017, 09:03:04 AM
Sounds like this fork has a purpose at least. I love the idea of atomic swaps, this is truly the way we should exchange our coins. I hate centralized exchanges and also the decentralized solutions that are availible for now are not really satisfying, so I really believe that atomic swaps will be the future of exchanging crypto. I will stay tuned and monitor this project. Lets see if we have a fork here that will achieve something new.
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