Atomic Wallet provides a powerful, in-demand service
that allows users to reduce effort spent on managing crypto assets and
makes it transparent and reliable
Atomic Wallet is feature-packed. It is the most secure,
trustworthy, transparent and decentralized wallet solution you can imagine.
GridCoin is a new Internet cryptocurrency based on peer-to-peer technologies, to bring humanity some real benefits by compensating coin miners for participation in BOINC projects with GRID tokens. This can lead to progress in medicine, biology, mathematics, science, climate technology, and astrophysics, all done by focusing a large percentage of computing power on BOINC research – rather than generating an unnecessary amount of computational energy for mining.
Gridcoin is built on the Bitcoin protocol but is distinct from Bitcoin because it is accessible to be mined with consumer-grade hardware, so special ASIC mining chips are not likely to be changed in the future. Gridcoin offers quicker (2.5 minutes on average) transaction confirmations and uses extensive script-based proof of work memory to validate transactions.
What is the main point of using GridCoin?
It has been calculated that bitcoin uses electricity for block solving algorithms for average 23,312-megawatt hours per day. The Gridcoin project aims mainly to transfer computer power to Boinc ventures, while mining operations are a second priority–so that Boinc use is tandem to scale up the network.
BOINC is a platform for decentralized high-throughput computing, i.e., a large number of autonomous computer-intensive jobs, where the output goal is a high rate of work fulfillment rather than a short turnaround time from specific jobs or crypto mining. It also provides low-level data processing mechanisms. The server distributes tasks while the system is operating worker nodes.
BOINC can also be used within a business (e.g. company) for in-house computing. In this case, the operating nodes are cluster nodes or other corporate computers and connected to the network of the organization.
Why is Atomic the best choice for your Gridcoin assets?
In Atomic, only you have full access to your funds. Atomic Wallet uses on-device intelligence and stores all private keys on your computer or/and smartphone. Your privacy is well-protected with the password you set and a 12-word mnemonic seed phrase. Atomic is a decentralized wallet for crypto management. All your keys never leave your device. Funds are secured and encrypted. Your private keys never leave your device. Built-in exchange and multi-blockchain support.
Gridcoin will place itself quite well relative to other cryptocurrencies. , the actual mining system and the BOINC project are clearly structured by the best students of the Berkley University. But the fascinating thing ever is, of course, the social factor of it. As the network is being developed, the opportunity to join the project is still there to take.
Investments in the currency can also be made on various start-up sites. Although it is not currently possible to use the coin as a means of payment, it may also be worth holding it as an asset. Paying for goods and services should also be possible in the future.
As said, keeping this coin as your main asset is a good idea, as it bears at least a 1.5% rate increase for each year!
Atomic Swaps is where the Wallet gets its name from. As the Atomic swap ecosystem evolves it will be a major crypto game changer. The swaps are decentralized and do not require a third-party to make the transaction.
Atomic swaps work cross-chain and, which secures you and your partner from any possible threats. Fees are also decreased, so there is no need to buy/sell tokens for the first time on an exchange, that will take a significant cut of your profits.
The Atomic Wallet currently supports BTC, LTC, and QTUM only atomic swaps, but the team works on adding additional coins for atomic swaps.
Step 1: Download the Atomic wallet app on your device.
Step 2: Upon successful installation, click the ‘Create’ button and choose a solid password that will be the first layer of protection for your account
Step 3: Once you have set your password, it will generate 12-word seed (mnemonic phrase) and prompt you to make a copy.
Step 4: After copying the keyphrase, you have the Atomic Wallet account ready to use. Please note that for your crypto assets, each atomic wallet address will be automatically generated from the mnemonic seed sequence. If you lose the seed, you won’t be able to recreate or recover the Wallet in case of PC loss or failure.