What Is Atomic Wallet Coin (AWC)?

What Is Atomic Wallet Coin (AWC)? Complete Guide Review About Atomic Wallet Coin.

What Is Atomic Wallet Coin (AWC)?

Atomic Wallet Coin is a non-custodial decentralized wallet. It means that you own your backup phrase and private keys, thus, you fully control your funds. They have no access to your wallet and your sensitive information. Your 12-words backup and private keys are stored locally on your device and strongly encrypted. Moreover, your funds are not located in the wallet itself, there are safely stored on the blockchain.

Atomic Wallet Coin connects directly to the blockchain nodes and shows the information about your balances, transaction history and everything you see in the wallet. It also allows you to perform transactions on the blockchain. Atomic Wallet also provides you with exchange and buying crypto services with the help of your partners.

Atomic Wallet Coin Storage Key Points

Coin BasicInformation
Coin NameAtomic Wallet Coin
Short NameAWC
Circulating Supply10,603,658.69 AWC
Total Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

What is a 12-word backup?

Your 12-word backup is the key to your wallet. It has essential meaning for keeping your funds safe. Think about it as a login to your bank account whoever owns it, can access your funds. 12-word backup is a master key that is provided to you when you first create the wallet. Public and private addresses for each coin are derived with specific algorithms from your backup. If you keep your 12-word backup safe, your wallet is safe. Atomic Wallet Coin recommend to store it offline in two different places. Never share it with anybody, even the members of your team.

Is Atomic Wallet safe?

Atomic Wallet Coin is an interface that gives you access to your funds on the blockchain. The most important information, such as your private keys and backup phrase, is stored locally on your device and is strongly encrypted. The wallet and all the operations within it are protected with a password. Atomic Wallet doesn’t store any of your private data, making you the exclusive owner of your keys and funds. Answering the question, your wallet is safe if you follow these basic safety rules.

Keep your device safe. If your device is compromised, the wallet can be compromised too. Never share your 12-word backup or private keys with anybody. Your backup is like a key to your wallet, whoever owns it, owns the funds. Take your passwords seriously. Make a unique and strong password for Atomic Wallet and store it in a trusted password manager.

Network Security

Atomic Wallet Coin utilizes the existing decentralized security framework of chain. It utilizes chain network validators and nodes to ensure security, including witnessing cross chain transactions. Bonded RUNE works to ensure that network security is maintained, and malicious behavior punished. In order to ensure the security of smart contracts, the team will perform frequent security audits in partnership with the chain core contributing team. They will also commission multiple paid audits from reputable audit firms.

Slow rollout and deployment

Atomic Wallet Coin will start with local testing when making changes to smart contracts. This will be followed by a period of testing on public testnets, where all community members will be encouraged to test your changes and report any issues. They will launch certain products and features in a closed beta before opening them to the public, in order to test security with real funds but limited risk.

This aim to keep your smart contracts as simple as possible, and will avoid building future functionality into one large contract. Instead, they will add functionality only when needed, and via separate, interoperable, and equally simple contracts. They rely on a secure and audited base for reusable functionality and libraries (OpenZeppelin).

Adhering to blockchain properties

All of your math is based on block numbers instead of timestamps in order to avoid timestamp dependence, and because they are cautious of trenchancy bugs arising during state transitions. The initial period of stewardship will be conducted by 9 members elected by the DAO. The initial DAO will be based on a modified version of the Aragon Company DAO template. Aragon’s code has been tried and tested, and we trust the security of its contracts. Atomic Wallet Coin will be working closely with several Aragon Experts to ensure the success of the initial launch DAO.