Another fork?
How will I access my coins?
Topic: ⚛️ SWAPS.ORG – TRADE NATIVE CRYPTO - XMR/BTC/ETH/ERC-20 - ON-CHAIN DEX ⚛️ - page 147. (Read 54920 times)
December 11, 2017, 09:54:58 AM
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.
December 11, 2017, 09:01:26 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.
December 11, 2017, 08:15:11 AM
thank you devi for the information hopefully the project is successful and can continue to grow.
Thank you for your support dina dini
December 11, 2017, 08:01:52 AM
thank you devi for the information hopefully the project is successful and can continue to grow.
December 11, 2017, 07:58:03 AM
so bounty now yes?
We intend to launch an official BCA Bounty campaign within 2 days
December 11, 2017, 07:54:31 AM
Who is in the team? I'd like to know if they have experience.
The team behind the Bitcoin Atom does have plenty of experience with other crypto projects. Our team members have been actively involved in the community from its early days, successfully building blockchain apps, bitcoin exchanges and contributing to community as much as we could. We believe now that the time has come to decentralize bitcoin by on-chain atomic swaps, thus to bring transparency to digital asset trading.
December 11, 2017, 07:45:40 AM
Who is in the team? I'd like to know if they have experience.
The team behind the Bitcoin Atom does have plenty of experience with other crypto projects. Our team members have been actively involved in the community from its early days, successfully building blockchain apps, bitcoin exchanges and contributing to community as much as we could. We believe now that the time has come to decentralize bitcoin by on-chain atomic swaps, thus to bring transparency to digital asset trading.
December 11, 2017, 07:36:15 AM
Who is in the team? I'd like to know if they have experience.
December 11, 2017, 07:28:33 AM
Oxford English dictionary contains more than 150K words in the current use. Should we expect the appearance of 150 000 forks for bitcoin?
How many of them include ATOMIC SWAPS?
We're speaking here about a very unique technology to be implemented into Bitcoin, not just some another random fork. I encourage you to learn more about the Atomic Swaps, HTLCs and Lightning Network, you might change your mind. Here is the link to our github December 11, 2017, 06:56:53 AM
We are actively partnering with many exchanges, wallets & miners, and will publish a list soon. If you're interested in partnering with us, please PM me.
Searching for new team members by any chance? I am interested to join you as front end developer. If you want I can share some of my works. Thanks
Please contact us at [email protected], we are both actively looking for new team members & engaging exchanges, wallets, pools.
Will do, thanks
December 11, 2017, 06:21:18 AM
so bounty now yes?
December 11, 2017, 05:59:06 AM
Oxford English dictionary contains more than 150K words in the current use. Should we expect the appearance of 150 000 forks for bitcoin?
December 11, 2017, 05:35:47 AM
Any news on block number?
Block number is yet to be announced. If you follow this thread closely, you can't miss it.
December 11, 2017, 05:24:46 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
December 11, 2017, 05:11:48 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?
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