ATB coin
ATB Coin is a blockchain-based cryptocurrency designed to deliver blazing fast, secure and near-zero cost payments to anyone in the world.
Crowdfunding of ATB Coin tokens began June 12, 2017, and was continue for the next four consecutive weeks.
Contents
Description
ATBcoinA DPOS cryptocurrency that leveraging the most helpful features of Proof-of-stake algorithm and makes it even more efficient, flexible, and agile due to the use of SegWit technology.
Technological characteristics
The strongest features of ATB Coin allow it to stand ahead of competition:
- In ATB Coin POS algorithms the transactions are processed at least twice as fast as POW-based cryptocurrencies.
- SegWit technology implements four times increase in the block size, so every ATB Coin block will be created in 2.5 minutes versus 10 minutes in POW-based currencies.
- Transaction fees are estimated to be at least 10 times lower than POW-powered cryptocurrencies, thanks to a lack of physical mining of coins in the POS algorithm and the inclusive distribution of coins among network members.
- SegWit increases the block size limit (which improves the network’s security) and decreases the transaction time, improving transaction malleability and allowing smart contracts and sidechains like Lightning Network[1]
- Lightning Network allows for sending immediate and free transactions to one or more users in the network due to multi-signature payments and smart contracts. One Lightning Network goal is to create micropayment channels off the blockchain so users can send unlimited payments to each other.
- The active nodes in the ATB Coin network are randomly selected and receive a daily reward for contribution to achieving the distributed consensus.
- ATB Coin uses cryptographic algorithms to ensure blockchain integrity and the safety of users’ coins.
- ATB Coin offers a host of proprietary characteristics, such as a lightweight wallet, cloud mining options and other features designed to make daily use convenient.
Concept
- Incorporates the features of DPOS based cryptocurrencies together with the advantages of SegWit technology capabilities- Uses several cryptographic algorithms for purposes of ensuring the blockchain integrity and safety of its users coins- ATB Coin will be initially powered by SegWit in the very first placeand Lightning Network in the near future- Thanks to the usage of SegWit that implements a 4 time increase in the block size, every block in ATB Coin will be generated in 2.5 minutes against 10 minutes in POW based cryptocurrencies
More information in the project whitepaper: [1]
Prospects
Being the one cryptocurrency combining the newest technologies, ATB Coin has all chances to overcome well-known inefficiencies within government central banks and other cryptocurrencies.
Сoin’s ambitious plans for global growth are already in place and are moving forward. This cryptocurrency is developed with the world’s most advanced protocols built-in such as SegWit, Lightning Network, and Smart Contracts. Borderless micro payment transactions are recorded in as little as microseconds. “Our team is well-positioned to move forward with our intermediate goal of opening offices across the U.S., Canada, Latin America, and Asia,” said Herbert W. Hoover III, ATB Coin co-founder.
Social Media
External Links
- http://www.newsbtc.com/2017/06/14/atb-coin-cryptocurrency-ico-now-underway-across-globe/
- https://www.newswire.com/news/ongoing-atb-coin-ico-raises-over-14-million-in-2-weeks-from-over-1000-19638233
- https://www.cryptocompare.com/coins/atb/overview/BTC
- https://www.coinstaker.com/initial-coin-offering/atbcoin-ico/
- https://atbcoin.com/
- https://changelly.com/blog/what-is-segwit/