maniecool: ATOMIC WALLET

In a fast paced and rapidly changing world of cryptocurrency, it is important for cryptocurrency owners, investors, analyst and everyone in the cryptocurrency space to be kept abreast of current trends, innovations and analysis. Absolute control over information is an herculean task if not nearly impossible, there is increased risk of harsh user experience in the world of cryptocurrency and a rapidly advancing technology such as blockchain.
In a world of hackers, fraudsters and individuals who seek to take advantage of other people’s naivety, it is important to have access to tools, data, analysis and information to keep one up to date of current event happening in the everyday crypto space. Information is power, with the right tools, you are indomitable. But gathering these information from various sources proved to be a time sapping and effort consuming task. A perfect solution would be to have an ecosystem which provides these tools to everyone ranging from investors to cryptocurrency experts or people who are newly venturing into the crypto world in one giant platform and this is where ATOMIC WALLET .Comes in.

Atomic wallet is a decentralized multi-currency platform that provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. Atomic wallet platform is not just a wallet but also has a cross-chain Atomic swap exchange and a decentralized order book.

Atomic Swaps

A cross-chain is an exchange of cryptocurrencies between users. Basically, party A sends Coin A to party B’s Coin B address via blockchain, while party B does the same with Coin B. These actions happen independently on parallel blockchains, in a one-way fashion. Such setup raises the possibility of either of the parties never honoring his/her end of an agreement. One of the ways to solve this issue is involvement of a trusted third party. An atomic cross-chain swap, on the other hand, solves this problem without the need for a third party.

Atomic swaps require each party to arrange a transaction contract. The contracts contain an output spendable by the the opposite party, but the rules required to collect is are different for each party involved.

KEY FEATURES OF ATOMIC WALLET

ASSET MANAGEMENT: Atomic Wallet provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable. The asset management wallet functionality is built on the Simplified Payment Verification technology (SPV), which makes it possible for users to perform tasks such as;

Receive crypto assets to the generated wallet.

Import assets to the wallet using private keys of various formats.

Store private keys in a securely encrypted environment.

Send assets to other addresses.

Select cryptocurrency node to use.

Select blockchain explorer to use.

ATOMIC SDK

Atomic SDK will support following functions:

Create order and deploy it to the DOB.

Confirm order execution.

Receive order execution status.

Get list of available orders from the orderbook.

Atomic Swap technology

The first party (called the initiator) wishes to trade Coin B for Coin A with the other party (called the participant). The initiator allocates the intended amount of Coin B to a contract and generates a “secret”. The secret will later allow the participant to collect the contract output. Until he/she learns the secret, the participant is unable to spend from the initiator's Coin B contract.

The participant creates a contract on the Coin A blockchain in a similar to the initiator fashion. To create the contract, the participant requires a cryptographic hash of the initiator’s secret. The initiator could not access this contract without revealing the secret to the participant.

After both parties created their contract, neither of them can collect their coins back until the alloted time expires. The initiator redeems the participant’s contract, thereby revealing the secret to the participant. The latter redeems the former’s contract using the secret extracted from him/her.

When a certain period of time (typically 1 hour) expires and the participant did not redeem the contract output, it is refunded back to the initiator's wallet. The participant's contract can also be refunded back to the participant, but only after half the period of time that the initiator is required to wait before their contract can be refunded (typically 2 hours).

The initiator can also trade Coin A for Coin B and the procedure will be the same, but with each step performed in the opposite direction on another blockchain. This procedure is considered atomic (i.e. with a timeout) since it gives each party at least 24 hours to redeem the coins from the opposite blockchain before a refund can be performed.

The image below provides a visual of the steps each party performs and the transfer of data between each party:

How Does Atomic Swap Work?

We can see that the Atomic-Swap is developed to manage transactions among 2 different virtual currencies. Atomic Swap is a technique that can exchange digital money in "cross chain," straightly, without going from side to side any 3rd party services.

How does it works, can be completed in 2 ways:

On-chain

Off-chain

Among the 2 ways above, Atomic Swap works by applying Hashed Time lock agreements (HTLCs). The applying of this HTLC is derived from the idea of BTC community that applies Lightning Network.

The Benefits

It's worth highlighting the functions of the wallet, which will make it famous and in demand:

No longer run registration makes spending additional time;

No limits on the exchange: the Atomic-Wallet is regularly evolving, consumers are capable of exchanging every available digital money. Here you can forever find a collaborator for similar beneficial cooperation;

No scam with exchange rates: entire data are fixed, intellectual agreements don't allow deceiving clients;

It's guaranteed by the crypto exchange of chains or the term of return. There're clear laws that have to be followed to create the deal occur;

Straight exchange of one to one more with no 3rd party pairs. The lack of 3rd parties has a plus impact on such firm. There's no need to pay any commission;

Consumers can exchange at any moment: just a few moments is sufficient for this.

The process is safe and quick;

Centralized platforms are obligated to warrantee anonymity: consumer info is reliably secured from cyber attacks and hacking by scammers;

The interface of Atomic-wallet is distinguished by its exceptional style and simplicity. No further skill you don't need - the processes are performed easily and rapidly;

No decentralized solutions: the absence of one server positively effects the featuring of the Atomic-wallet platform.

Atomic token

Atomic Wallet will issue own token, called the AWC (Atomic Wallet Coin). A strict limit of 100M AWC will be created, never to be increased.

AWC will run natively on the Ethereum blockchain with ERC20.

Type: ERC20 Token

Ticker: AWC

Full name: Atomic Wallet Coin

Decimals: 8

Total supply: 100,000,000 AWC

Open Contract Source Code

Token economy and premises to following price growth is described in a special charter.

Initial Coin Offering (ICO)

Token issuing

A smart contract based on the Ethereum network is written for the effective implementation of the Atomic ICO project. On the day of the ICO launch, the Atomic team will publish the smart contract, which will initialize the issuing of AWC-tokens based on ethereum in accordance with the ERC20 standard.

The contract will support following functionality:

Crowdsale management

AWC tokens issuance (standart ERC20)

AWC tokens transmittance

The main function of the crowdsale part of the contract is to regulate the price of the token.

Additionally, this smart contract will keep records of the AWC-tokens provision to investors’ community and to founders.

Budget allocation

Budget Allocation

● Initial liquidity for market making: 40%

● Software development: 30%

● Legal and operational: 20%

● Marketing: 5%

● Unexpected costs: 5%

Token Distribution

● Private presale: 50%

● Founders: 30%

● Public sale: 15%

● Bounty/Airdrops: 5%

WHERE TO DOWNLOAD ATOMIC WALLET.Atomic Wallet can be downloaded and install from these trending Operating Systems for the now. However, more operating systems will be available in the near future. Be the first to know about Atomic wallet updates on the upcoming platform users like Chrome, Android and iOS here.

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WINDOWS | macOS | UBUNTU | DEBIAN | FEDORA

RoadMap

April 2018 - Alpha release

● Ethereum and Bitcoin asset management

● 200+ token assets support

● Integrated instant exchange service

May 2018 - Beta Version release

● Litecoin asset management

● First pair for Atomic swaps

● Distributed Orderbook over torrent protocol v. 1.0

June 2018