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Atomic Wallet - Multi-currency Wallet with Decentralized Atomic Swap Exchange

Atomic Wallet - Multi-currency Wallet with Decentralized Atomic Swap Exchange
Thursday 21 February 2019

 Distributed Ledger technology as well as virtual currencies is one of the most discussed issues today. A recently formed Blockchain tech, like Bitcoin virtual currency, meant to ensure transparency, security and decentralization. However, the most significant of these trailers – decentralization, was broken with the advent of cryptocurrency trading platforms.
Most exchanges that trade virtual currency store coins centrally, which is associated with many risks. The first and most important is the risk of theft of funds by hackers. Thus, the exchange Mt.Gox attacked by the attackers restored customer funds and its work only a year after the incident. The second, but no less significant risk is associated with the depreciation of the currency and the loss of its meaning due to centralized storage. The third risk is associated with the possibility of manipulating the value of virtual currencies by the cryptocurrency exchange itself, which can lead to losses for investors.
To solve all the existing problems of cryptocurrency trading platforms and ensure the normal development of Blockchain technology and virtual currencies will allow a new project called Atomic Wallet.

Project objective

The main goal of the developers of this project is to create a secure decentralized platform with an intuitive interface that allows you to effortlessly manage your own cryptocurrency assets.

Principle of operation

To work on this platform, each user will be able to use a specialized wallet, which can be downloaded from the official website of the project. It is worth noting that the Atomic Wallet application can be installed on devices running on operating systems:
  • Windows;
  • MacOS;
  • Ubuntu;
  • Debian;
  • Fedora.
This wallet can be used not only to store funds or trade virtual currency on the built-in exchange, but also to perform a number of other operations, including:
  • receipt of funds;
  • importing cryptocurrency assets into a wallet using secret keys;
  • storing keys in encrypted form;
  • transfer of assets to other persons;
  • the choice of crypto-currency units for use;
  • select the desired type of Blockchain to use.
One of the main features of this wallet is Atomic Swap. This technology allows the exchange of digital assets directly between two users without the need for a third party, provided the use of different Blockchain. Unlike the traditional fast exchange, when using Atomic Swap, the user will be protected from losing part of his / her own funds in the event of a change in the exchange rate of the cryptocurrency exchanged.

It is worth noting that the atomic Wallet supports more than 300 types of virtual currencies, and also provides users with the opportunity to use Fiat funds from a credit card to purchase crypto assets.
It is important to note that each wallet has a high level of security, which is achieved through encryption. At the same time, all local files stored on the hardware wallet and protected by AES symmetric encryption algorithm, which are transmitted to the Blockchain using BitTorrent, where they interact with TLS encryption chains. The AES encryption algorithm is now used by the US government to protect sensitive information, and the TLS algorithm is used to ensure complete user anonymity. Thus, by using these two encryption algorithms, atomic Wallet provides maximum protection of its owner's funds.

In addition, the project will release its own AWC token in a limited number. Moreover, after launching the project, the issuance of additional tokens will not be allowing the cost of the AWC will continue to grow.

Dates and details of the ICO

The developers plan to sell a total of 100 million AWC, of which only 25 million will be sold during public sales. Public sales started on October 1 this year.
Softcap project - $ 5 million.
The distribution of tokens is as follows:

Conclusion

Creating a secure wallet that allows you to trade virtual currency using a convenient and intuitive interface, characterized by high security and preserving the basic principle of virtual currencies – decentralization, is a very attractive idea. The Atomic Wallet project deserves attention, as it allows to solve most of the problems existing today cryptocurrency exchanges.
Moreover, investing in this project can be safely called safe, since at the moment it already has a finished product – Atomic Wallet version 1.34.0, which was launched on November 2, 2018.

Official resources project ATOMIC SWAPS WALLET:


AUTHORSHIP:
GPScrypto

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