What if Bitcoin was faster and had cheaper transactions? Recent Bitcoin scalability issues and the subsequent fork show that Bitcoin is still far from being a flawless cryptocurrency. Work is in progress and we see the positive results, however there is still a long way ahead.
ATB Coin is a cryptocurrency that aims to solve all those issues and consequently become the next-gen Bitcoin.
What Makes ATB Coin Interesting
People often refer to Bitcoin as a “currency of the future” or “technological breakthrough”. They are indeed right since one of the most exciting things about Bitcoin is the technology that backs it up. The idea of a financial system based on a decentralized blockchain is groundbreaking.
Now, according to its developers, ATB Coinis one step ahead of Bitcoin technology-wise. This allows this cryptocurrency to be faster, safer and have cheaper transactions than its former counterpart.
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Virtually no transactions per second (tps) limit. ATB Coin POS architecture allows it to handle millions transactions per second without any issues. To put this in perspective, VISA has a tps limit of 4,000, while Bitcoin could handle only up to 7 tps before last update.
Double Security. ATB Coin enjoys two levels of encryption security, which are ECDSA and SHA-256.
Immunity to the 51% attack. As a POS-based coin, ATB Coin is virtually immune to this kind of attacks. Anyone willing to perform this type of attack should possess 25.5 million ATB coins, which is simply put both unrealistic and pointless.
The implementation of SegWit, ATB coin enjoys four times faster block creation speed than other cryptocurrencies that are not powered by SegWit.
Lighting Network Protocol allows ATB Coin to enjoy unbelievable fast transaction speed. LNP is a side-chain payment solution on top of the original blockchain and it is the key to fast and agile microtransactions within the ATB Coin network.
Low Transaction Fees thanks to POS algorithm. It is no rocket science that POW cryptocurrencies require a lot of hashing power in order to process transactions. ATB Coin is expected to have about ten times less transaction fees than any POW coin.
Smart Contracts are also possible thanks to the usage of Segregated Witness.
Lightweight Wallet. There are two ATB Coin wallets to choose from and there is planned to be a wide array available in the future. ATB Coin wallets are lightweight, secure and are meant to be used on a daily basis. They also require less HDD space since they are based on a POS algorithm and do not require you to hold a full copy of the blockchain on your device.
Cloud Mining. You can mine ATB Coin passively by keeping your funds on the cloud. This is all that is needed for your wallet to be considered an active blockchain node. POS makes it almost impossible for mining monopoly to be created, since every node gets equal chances of getting the reward.
There are other positive features this new coin offers. We are talking about its architecture that grants protection against inflation and centralization, among others.
Let’s be honest – anyone can post a thread on Bitcointalk and announce a new ICO. The idea of replacing Bitcoin with something better was there since 2014, though for some reason no one was capable of doing that so far.
Why is ATB Coin different than other alternatives to Bitcoin? While only time will show what is ATB Coin capable of, there are several reasons why I am taking the time to review this ICO. Here are some of them:
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Detailed whitepaper. Personally I do not bother researching about ICOs that fail to provide a decent whitepaper. A serious team will always take the time to describe their project on a systematized manner.
Detailed plan. I also like the way ATB Coin wrote down the steps they plan to make and placed realistic milestones. Their goal might be ambitious, but their professional approach makes me think that they are actually capable of reaching it.
Team. The team behind ATB Coin is composed of highly-experienced professionals, led by Herbert W. Hoover III, a well-known investor, innovator and entrepreneur.
It is also worth mentioning that several important investors believe in ATB Coin. So far, about 6,100 people invested ATB 16,000,000 in ATB Coin.
I invite you to do your own research and share your thoughts with the community here in the comment section. If you decide to invest in this project, there is a 10% discount until august 31st. Current prices are 1 ATB = 1.62 USD.
This will be the last discount, since the official launch of the blockchain will happen September 1st, 2017.
Thank you for reading. As always, your comments, suggestions and questions are welcome.