THIS IS A PROJECT REVIEW ABOUT ATOMIC WALLET PLATFORM – A HIGH SCALE ECOSYSTEM CONTAINING BOTH CRYPTOCURRENCY EXCHANGE AND SECURE WALLET
Unless you’ve been living under the rocks, you would have heard about the blockchain technology. blockchain can revolutionize every sphere in our life. Digital currencies were the first ever application of blockchain technology, arguably without realizing its true potential. The real benefits of blockchain were realized with its possible application in many different industries. Since then a number of use cases of blockchain technology in different industries have been proposed including but not limited to finance, the Internet of Things, digital rights management, government, ecology, transport, and law.
It is believe that the success of the blockchain technology is attributed to its underlying application of cryptocurrency which provide a digital currency which can be used for performing a secure transaction across the globe without the barrier of locations. However, the mass of adoption of cryptocurrency as means of payment for financial transactions has been limited so far due to nature of the available infrastructures. Price volatility, inability of the networks to scale large amount of users, high fees and the centralized nature of the various exchanges and wallet available for managing cryptocurrencies are believe to be the major setbacks limiting the adoption of this technology.
Basically, exchanges are platforms which serves as a marketplace where the entire buying and selling of the cryptocurrencies take place. Most of these exchanges are centralized which means that there is a central server where all the activities are been stored. The stories of centralized exchanges been hack is everywhere which is cause by any security failure in the database leading to loss of millions of investments.
The Atomic wallet platform is been created to solve the underlying challenges faced by centralized cryptocurrency exchanges mentioned above and many more. The platform will empower the traders along with the whole market. It would usher them into a safer environment which would encourage them to execute volume trading without much fee.
Virtually everyone has funds in different coins and tokens, and these different coins do have different wallets making it cumbersome for users to manage their various assets conveniently. ATOMIC WALLET is putting an end to this, ATOMIC WALLET provides a highly secure wallet which supports more than 300 different coins/tokens to enables 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 techniques, which makes it easier to use the functionality of the Atomic Wallet platform in full.
Security is the utmost priority for any platform which offers payment and transaction services. ATOMIC WALLET, being an exchange and a wallet could not leave a stone unturned to make the security foolproof. Engineered on blockchain, ATOMIC WALLET has evaluated every aspect of security and made the platform stalwart to counteract any security threat. The platform has included all the necessary elements needed to make all the data on the platform absolutely safe. Blockchain itself provides a seal of security, but to reassure that everything is secure, atomic wallet has added every other parameter which makes its security paramount.
Clients are guaranteed the highest level of security because ATOMIC WALLET employ a strong encryption and custody free-solution. Only the user has the control over his funds without the interference of the third party. The private keys are encrypted and it will always be on the user’s device. The security of the entire platform is highly guaranteed because all the data entered when transacting with the blockchain will be fully encrypted, local data is secured with AES and the data obtained while interacting with the blockchain is secured with TLS asymmetric encryption.
The ecosystem is incorporated with Atomic Swaps which is a new technology that makes it possible to exchange cryptocurrencies directly without any third party being involved. It Uses decentralized Atomic Swap to proceed with cross-chain exchange avoiding third party risks. Since the ATOMIC PLATFORM is a decentralized custody-free ecosystem, it adopts other exchanges (shapeshift and changelly) for users who might not want to use the atomic ecosystem exchange.
THE ATOMIC WALLET ROADMAP.
THE TEAM MEMBERS
For useful information about ATOMIC WALLET project check the links below
Website => https://atomicwallet.io
Whitepaper => https://download.atomicwallet.io/atomic ... epaper.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
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