Atomic Swaps Wallet with Decentralized Exchange

A brief glance at the emerging market of crypto projects is sufficient to understand the potential of the blockchain as a powerful, advanced technology of the future. Yet, despite its vast prospects, a major part of blockсhain-based systems still remains at an entry-level, far from being qualified for a general user. Today, the developers’ community is facing a number of unresolved issues preventing a full-scale implementation of the blockchain technology in a vast variety of industries, where it could potentially be applied at a great profit.

Blockchain-powered technology is intent on leading the future of financial markets. Today, however, we still observe extensive obstacles for the development of blockchain-based markets. One of the greatest market challenges is the remaining necessity of trust towards centralized financial services in an otherwise decentralized environment. Third party custody risks affect ecosystem sustainability, bringing vulnerability to manipulative and regulative actions. Atomic Wallet radically solves problems described above by introducing a fundamentally new platform for custody-free, transparent, immutable cryptocurrency trading. Our platform is the simplest way to connect buyers and sellers within a decentralized framework. Atomic Wallet is a new type of decentralized cross-blockchain exchange.

Review

Atomic Wallet platform is based on a unique, proprietary engine, specially designed to solve its specific tasks. Therefore, this White Paper contains a large number of technical terms describing certain elements of the platform. Each original term is highlighted in bold and italic when first encountered in the text: for instance, Atomic Swap. At the end of the paper, a glossary with detailed explanations of the terms is available. Atomic Wallet provides a powerful, in-demand service that allows users to reduce efforts spent on managing crypto assets and renders it transparent and trustless. To make our platform even more convenient and beneficial for users, the Atomic Wallet team utilizes best UI and security practices thus facilitating use of our platform’s functionality to the full range.

Aforestated wallet functionality will be built on the SPV (Simplified Payment Verification) technology. This allows customers to avoid prolonged blockchain synchronization while preserving the security of so-called ‘full node wallets’ . The keys are stored in an encrypted manner on the end-user device or a hardware wallet (eg. Ledger, Trezor, etc.) Keys can be backed up with the passphrase for all the listed currencies or with a string format key for each currency. Besides the well-known custody-centric fails, market manipulation through falsification and distortion of market data, unfortunately, happens as well. Howbeit, blockchain establishes new forms of financial products. Adopting new opportunities this technology brings is the most guaranteed way for promising and smart projects to skyrocket. One of the undervalued possibilities is the creation of a completely decentralized and transparent Orderbook. Distributed Orderbook (DOB) is a way to represent market offers in a decentralized manner, in accordance with the spirit of blockchain industry. Atomic DOB is based on a BitTorrent protocol . BitTorrent is a communication protocol for peer-to-peer file sharing ("P2P") which is used to distribute data and electronic files over the Internet.

Order acceptance to the DOB mempool Atomic DOB is an immutable and decentralized solution created to transmit information about the exchange orders among Atomic wallet users. DOB is maintained by the Atomic Wallet clients serving as nodes in the distributed network. When an order is transmitted to the network it first gets verified by all of the Atomic Wallet clients available.

Atomic Wallet uses a custom modification of Byzantine fault tolerant consensus to guarantee that in any time there is one agreed version of the blockchain. It is assumed that the environment is decentralized, i.e., any node is allowed to fail or be compromised. Consensus is authenticated; consensus validators are identified with the help of public-key cryptography. 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. With the Atomic SDK, the “heavy lifting” has been done, allowing 3rd party developers to focus resources on figuring out the market needs, building successful user interfaces without worrying about how to make it happen. Atomic Wallet adopts various means of exchange. For some occasions, customers might be willing to use non-atomic exchange functionality. Being a custody-free solution, Atomic Wallet implements only instant exchange options.

The success of the Atomic Wallet is contingent on the participation of a variety of different users. We will briefly give an overview of the key roles that participants can play in the Atomic ecosystem. Traders . End-users that hold, convert and transfer blockchain assets. Blockchain Assets Issuers . People, companies, communities, organizations or foundations that issue new Smart Tokens, configuring the initial supply, price, CW, and managing the initial issuance of tokens. This also includes creators of Relay Tokens, which can connect any existing ERC20 tokens to the network. Cryptowhales . Traders with the amounts of assets too big to be normally adopted by openmarkets and willing to perform personalized or non-personalized risk-free OTC deals . Arbitrageurs. Traders that monitor the Decentralized Orderbook for prices that are inconsistent with an external exchange, and then restore price consistency through arbitrage. Arbitrageurs are organically incentivized to keep prices consistent and hence are important participants in the Atomic ecosystem. 3rd party developers . Companies or individuals creating services utilizing Atomic Wallet DOB and Atomic Swap code. Developers can build specialized Atomic Wallets, exchange Relays, Decentralized OTC platforms or implement part of the Atomic functionality in their existing services.

Atomic Wallet team is focused on bringing truly decentralized experience to all the customers on all the platforms. Atomic Wallet technology is created with the idea of omni-channel product which customer can access from any device he\she has.

Atomic token & ICO

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.

Detail Token

· 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. 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:

1. Crowdsale management

2. AWC tokens issuance (standart ERC20)

3. 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.

Download Atomic Wallet

Atomic Wallet is available for all major Operating Systems.
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