Bitcoin Atom – New Hard Fork Born!
Hard fork set to occur at block 505888
The latest hard fork of Bitcoin has arrived at block 505888. Known as Bitcoin Atom, the coin will be abbreviated to BCA. The wallet is expected to arrive in the next few days.
What’s Under the Hood?
BCA is a Segwit-enabled fork with combined proof-of-work and proof-of-stake. The team behind the fork claim to uphold the principles of Satoshi Nakamoto himself; this is perhaps why the team leader has taken steps to remain anonymous. This will, however, raise questions as to whether the latest fork will prove to be a pump-and-dump scheme.
However, the BCA Twitter has already moved to ensure that potential buyers are directed to the right place – for more information on Bitcoin Atom you can look here.
— Bitcoin Atom (@atombitcoin) January 24, 2018
The logo lives up the “atom” name.
A True Hybrid
BCA will not only be a hybrid in terms of its combination of POW and POS. It will also enable on-chain and off-chain mechanisms; atomic and lightning swaps. This, combined with exchanges using Bitcoin nodes, is the Bitcoin Atom solution to perceived centralization, speed and cost of transaction.
The futures chart at coinmarketcap suggests that opening prices will be around the $400 mark – not dissimilar to the opening cost of Bitcoin Gold. Bearing in mind the way that previous new coins have suddenly increased in price around release, investors may choose to wait a while to check that they are not getting involved in a Pump-and-Dump scheme before dipping their toes in the water. Nevertheless, the idea of a truly hybrid Bitcoin is certainly interesting, and there has been a lot of traffic both the BCA official website and the Twitter.
Are you going to get involved in BCA? Let us know in the comments section below!