Bitcoin Atom
Crypto Overview
Overview
Bitcoin Atom (BCA) was launched in 2018 as a fork of Bitcoin, aiming to implement atomic swaps, quantum resistance, and lightning network capabilities. The project intended to improve upon Bitcoin's technology by offering faster transactions and enhanced privacy features.
Purpose and Utility
The stated purpose of Bitcoin Atom was to serve as a medium of exchange with advanced features like atomic swaps, allowing direct cryptocurrency exchanges without intermediaries. However, research indicates extremely limited current development activity and virtually no observable real-world adoption of these features.
Business Model Analysis
The core technology and intended use cases of Bitcoin Atom align with Islamic principles, as it aims to facilitate legitimate peer-to-peer value transfer and commerce. There are no inherent elements that would violate Sharia principles in its basic functionality.
Development and Adoption
The project shows minimal recent development activity on its GitHub repository. The official website is no longer accessible, and there appears to be very little community engagement or ecosystem development. Trading volumes are extremely low across exchanges that still list the token.
Token Distribution
Limited public information is available about the initial token distribution model or current token holdings. The project aimed to follow Bitcoin's distribution model through mining, but detailed data about founder allocations or vesting schedules is not readily accessible.
Crypto Impact
To assign a comfort level investing in Bitcoin Atom from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bitcoin Atom.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.