ATOMIC WALLET REVIEW

eni198881 (0)(1)in #atomic • 5 years ago

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As there are diverse kinds of cryptocurrencies rising every day, there have been requirements for various exchanges opening up to meet people groups quick requirements for value-based purposes, this brought us to what a cryptocurrency exchange involves.

Cryptocurrency exchange, Crypto exchange or digital currency exchange (DCE) is a business that enables clients to exchange cryptocurrencies or digital currencies for different resources, for example, traditional fiat cash, or distinctive digital currencies. They can be advertise creators that commonly take the offer approach spreads as exchange commissions for their administrations or basically charge expenses as a coordinating platform.

We are having two principle sorts of cryptocurrency exchanges to be specific Centralized and Decentralized exchanges.

CENTRALIZED EXCHANGE: In the expression "unified cryptocurrency exchange," the possibility of centralization alludes to the utilization of a center man or outsider to help lead exchanges. Purchasers and venders alike trust this center man to deal with their benefits. This is regular in a bank setup, where a client confides in the bank to hold his or her cash. The he explanation behind this setup is that banks offer security and checking that an individual can't achieve on his or her own. On account of a concentrated cryptocurrency exchange, a similar guideline applies. Transactors trust not just that the exchange will securely total their exchanges for them, and they additionally make utilization of the system of clients in the exchange with the end goal to discover exchanging accomplices. Instances of incorporated exchanges are Coinbase/Gdax, Kucoin, Binance, Bitfines, Upbit. And so forth.

DECENTRALIZED EXCHANGE: This is the correct inverse of brought together exchanges. A decentralized exchange is an exchange showcase that does not depend on an outsider administration to hold the client's assets. Rather, exchanges happen specifically between clients (distributed) through a robotized procedure. This system can be accomplished by making intermediary tokens (crypto resources that speak to a specific fiat or digital currency) or resources (that can speak to shares in an organization for instance) or through a decentralized multi-signature escrow system, among different arrangements that are at present being produced. Instances of a decentralized exchange are forkdelta, tokenjar, etherdelta, atomic swap exchange 💱 Etc.

ABOUT ATOMIC WALLET

Atomic exchange is an online decentralized exchange that kills the broker impact on concentrated exchanges. The exchange is structured in an adaptable way that is effortlessly available, sheltered, advantageous and basic for the focused on end clients. The exchange makes it simpler for exchanging exercises with a quick exchange timing, destroyed shrouded changes at all not at all like other decentralized exchanges. Likewise there are diverse tokens being recorded on Atomic exchange daily,which has additionally recorded such huge numbers of tokens in its exchange including the Alpha of cryptocurrency Bitcoin, and different tokens too, for example, Ethereum, Litecoin, Dogecoin. And so on

HOW ATOMIC SWAP WALLET WORKS

The atomic wallet is all around intended to tackle the previously mentioned issues looked in brought together cryptocurrency exchanges. Atomic wallet being a decentralized exchange wipes out the middleman(third parties) contribution in exchanges making the exchange a shared platform. With every one of these advantages of the exchange, clients and clients are ensured a sheltered, palatable, secure and dependable platform for exchanging and transcations. Every one of these was conceivable because of the blockchain innovation utilizing a smart contract to execute exchanges.

The atomic swap wallet is a Platform worked to help the exchanging of multi-cryptocurrency tokens and coins. Additionally a coordinated guardianship free wallet with the atomic swap that is performs imperceptible exchanging and decentralized merchant book 📙 to deal with all exchanges and resources in a more secure and quick means. Atomic wallet is an exceptionally unique and one of every a benevolent wallet with any extraordinary highlights to influence exchanging knowledge to be all the more simple and convinient for clients. Highlights such a putting away data about different resources, balance seeing, simple finances exchange between wallets, stockpiling of vast assets/resources. The atomic wallet underpins more than 300 or more tokens and coins.

PROBLEM FACING CENTRALIZED EXCHANGES

1 Trust

"The root issue with traditional currency is all the trust that is required to make it work." – Satoshi Nakamoto. Satoshi never imagined incorporated exchanges. Bitcoin was produced to maintain a strategic distance from outsiders, for example, banks and brought together exchanges, that expect clients to confide in them.

2 Personal Documents

Concentrated exchanges regularly require individual data and evidence of character (IE: international ID, selfie), with the end goal to store or pull back on their platform. A decentralized exchange does not expect clients to unveil their personality, exchanges are directed secretly.

3 Security of Centralized Exchanges

With a solitary purpose of passage, it implies they are available to programmers through one server. In the case of something turns out badly, as it has on various occasions in the past with exchanges like Mt. Gox, you could wind up losing all your cash. Regularly you won't have any sort of government insurance when exchanging cryptocurrencies.

4 High Trading Fees

Some outstanding crypto exchanges charge between 0.25% to 3% in expenses, while a decentralized exchange for the most part requires a little settled expense, or now and again – no expense. Now and then it takes brutal exercises to figure out how to do things right, yet about $15 billion (USD) worth of bitcoins have been stolen from concentrated exchanges. The requirement for decentralized exchanges like atomic exchange is more dire than any other time in recent memory.

PROPOSED SOLUTION ATOMIC SWAP EXCHANGE WILL EFFECT TO THE ABOVE STATED PROBLEMS

It expands trust and security.

It requires zero KYC, yet give 100% protection

No compelling reason to execute your assets to an outsider wallet before starting a cryptocurrency exchange

Client control reserves

No Hacks and no server downtime

No shrouded charges at all

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ATOMIC TOKEN

Atomic Token is an utility token based on the Ethereum Blockchain that will fill in as an inner currency as methods for installment for cryptocurrency on ATOMIC EXCHANGE, making it a fundamental method to list different coins and token on the Atomic platform. As Atomic swap wallet becomes amazingly quick, the tokens will be in an extraordinary interest

ATOMIC TOKEN DETAILS

TYPE: ERC20 TOKEN

TICKER: AWC

FULL NAME: ATOMIC WALLET COIN

DECIMALS: 8

TOTAL SUPPLY: 100,000,000 AWC

ATOMIC TOKEN ALLOCATION

PRIVATE SALE TIER: 35,000,000 AWC (15%)

PRIVATE SALE TIER: 30,000,000 AWC (20%)

PRE-PUBLIC SALE: 30,000,000 AWC (10%)

PUBLIC SALE: 20,000,000 AWC (20%)

FOUNDERS AND ADVISORS: 30,000,000 AWC (30%)

BOUNTIES AND AIRDROPS: 5,000,000 AWC (5%)

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Atomic wallet can be downloaded and installed from all major operating software and will be made available soon to download for Andriod and Apple(ios) users

For useful information about ATOMIC WALLET project check the links below

Website => https://atomicwallet.io

Whitepaper => https://download.atomicwallet.io/atomicwallet-whitepaper.pdf

Telegram => https://t.me/atomicwalletchat

Twitter => https://twitter.com/atomicwallet

Github => https://github.com/Atomicwallet

Medium => https://medium.com/atomic-wallet

Reddit => https://www.reddit.com/user/atomicwallet/

Facebook => https://www.facebook.com/atomicwallet

Bitcointalk => https://bitcointalk.org/index.php?topic=4437634.0

Written by

Juliet Smith