Bitcoin Atom
Crypto Overview
Project Overview
Bitcoin Atom (BCA) was launched in 2018 as a fork of Bitcoin, aiming to implement atomic swaps, lightning network features, and SegWit support. The project claimed to enhance Bitcoin's capabilities by adding quantum computing resistance and a hybrid consensus model combining Proof of Work (PoW) and Proof of Stake (PoS).
Intended Utility Analysis
The stated purpose was to serve as a more technologically advanced version of Bitcoin with built-in atomic swap capabilities, allowing for trustless cross-chain trading. The project aimed to facilitate faster transactions and provide enhanced security features.
Actual Utility Assessment
Current analysis reveals extremely limited real-world adoption and usage. The project's development appears to have stalled, with minimal recent GitHub activity. There is little evidence of the promised atomic swap implementation being actively used.
Token Distribution and Founder Analysis
Limited transparency exists regarding the initial token distribution. The project's leadership and development team have become increasingly obscure, with little public communication or development updates in recent years. The project's website is no longer maintained, and social media channels show minimal activity.
Technical Implementation
While the initial technical specifications aligned with halal principles by focusing on legitimate technological advancement and actual asset exchange, the current state of development and maintenance raises significant concerns about the project's viability and intended utility.
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.