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What Does Atomic Cross-Chain Mean (What Does Atomic Chain Do)?

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What does atomic cross-chain mean? Atomic cross-chain refers to a one-time, ver

What Does Atomic Cross-Chain Mean (What Does Atomic Chain Do)?

What does atomic cross-chain mean? Atomic cross-chain refers to a one-time, verifiable transaction of a digital asset or virtual currency using a hash function.

In simple terms, it allows for the communication and transmission between any two cryptographic algorithms on a blockchain network, while ensuring data integrity. However, this functionality is not supported by Bitcoin, which uses a “bi-directional” approach, allowing transfers only between two chains using a single address. Ethereum’s smart contracts, for example, can execute this technique based on certain rules (such as Ethereum’s EIP-1559).

What Does Atomic Chain Do?

According to IMEOS news, the concept of atomic chain, proposed by EminGunSirer, a computer scientist and blockchain expert from Silicon Valley University, has recently been formally introduced.

In simple terms, it refers to a decentralized mechanism (such as Bitcoin) where a blockchain system operates without central servers or centralized institutions. It enables peer-to-peer transactions and ensures that each block can be verified, thereby ensuring network security and stability. So, what does atomic chain do? Let’s take a look at this article to explore the interesting aspects of its design!

Atomic chain is actually a distributed ledger, but its technical characteristics differ from many traditional database models. Its main feature is the ability to handle all types of data structures and state changes, making direct data exchange or storage impossible. This characteristic makes it more suitable for large-scale applications in the business field.

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