Atomic Wallet: A Multi-Currency Decentralized Atomic Swap Exchange
There are two main types of cryptocurrency storage-cold and hot storage. The hot method allows you to manage your encryption online and spend it at any time. Such wallets require internet access, as they are supporting permanent connection with blockchain. The cold method represents a hardware portfolio designed for the storage of funds without the need for internet connection. You can use a personal computer, phone, flash card or just a piece of paper. However, hardware wallets are considered the safest.
The security of your cryptofunds isn’t just a goal — it’s actually an ongoing process. Unfortunately you are the only one responsible. Choosing a cryptocurrency wallet is the first step, but additional security is needed.
It was in 2008 that Satoshi Nakamoto created Bitcoins, an electronic payment system for individuals, now widely used around the world. In January 2009, the first blockchain was mined and the Bitcoin client was released for the first time, until the Bitcoin network was created.
If you have traded with Bitcoins, you are certainly aware that Bitcoin wallets are important before you can buy or sell Bitcoins. The wallet is similar to that of a bank account and allows you to receive Bitcoins, store them for a while, and then send them to other Bitcoin users.
Remember that there are two main types of Bitcoin wallets and one is the wallet of software that you can install on your computer or mobile phone. With this wallet, you will have complete control over the security of your Bitcoins, although sometimes the software portfolio may be a bit difficult to install and maintain. The second type of portfolio is the web wallet, also known as the hosted wallet because it is hosted by a third party.
The web portfolio is much easier to use, but for this type of portfolio, you should be able to trust the provider to maintain a high level of security to protect your Bitcoins.
Atomic Wallet provides a powerful on-demand service that allows users to reduce the effort spent on managing cryptocurrency assets and makes it transparent and reliable. To make the platform even more convenient and useful for users, the Atomic Wallet team uses the best user
interfaces and security methods, making it easy to fully utilize the features of the Atomic Wallet.
Atomic Wallet ecosystem
The success of the Atomic Wallet is contingent on the participation of a variety of different users. We will briefly give an overview of the key roles that participants can play in the Atomic ecosystem.
Traders . End-users that hold, convert and transfer blockchain assets.
Blockchain Assets Issuers . 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.
Cryptowhales . Traders with the amounts of assets too big to be normally adopted by openmarkets and willing to perform personalized or non-personalized risk-free OTC deals .
Arbitrageurs. 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.
3rd party developers . Companies or individuals creating services utilizing Atomic Wallet DOB and Atomic Swap code. Developers can build specialized Atomic Wallets, exchange Relays, Decentralized OTC platforms or implement part of the Atomic functionality in their existing services.
The main functions of Atomic Swap are:
Peer to Peer order, based on blocks
Fast and secure data transfer with Atomic Distributed Order Book
Atomic Distributed Order Book is protected against spam and fraud
The lowest transaction fees: for example, each party pays 0.0002 BTC and 0.0001 LTC for the exchange of BTC-LTC for any number of coins
The order is a proposition, not an obligation
Order placement does not block customer funds
The order can be executed with multiple transactions
Offline traders can not trade
The execution is managed manually
The applicant may reject the execution
Atomic swaps are a binding contract between the two parties. In the contracted transaction, there is a contract for each blockchain. A key element of this process is that the contracts contain an output that can be spent by either party, but the rules required for the exchange are different for each party involved.
In Atomic Wallet, every single data that is stored on a user device or sent while interacting with blockchains is fully encrypted. Ultimately Secure local data with the AES symmetric encryption algorithm and then data is transferred via the BitTorrent protocol or interacting with the blockchain are secured with TLS asymmetric encryption.
The Advanced Encryption Standard (AES) is a symmetric block cipher chosen by the US government to protect classified information and is implemented in software and hardware around the world to encrypt sensitive data.
Transport Layer Security (TLS) is a protocol that ensures the confidentiality and integrity of data between two communicating applications. It is the most common security protocol currently used for web browsers and other applications that require secure data exchange over a network, such as file transfers, VPN connections, instant messaging, and VoIP.
Conclusion
Atomic Wallet is a wallet that I recommend for everyone to use, the interface is so beautiful and user friendly. You can download the wallet on any operating System and the mobile application is almost ready. The Atomic wallet Coin is a great coin that is worthy of investment.
More info
★WEBSITE★WHITEPAPER★FACEBOOK★TWITTER★TELEGRAM★BOUNTY★
My BTT profile
