One network, two layers
This is the ATLAS network from low Earth orbit. The blocks of light are land, the bright squares are wallets, and the diamond is Primius, the federation server. Wallet positions are examples.
Pay and message people directly from one wallet. The alpha runs on the test network, so builds go out by invitation while we harden it.
atlas-debug.log from the ATLAS data folderATLAS splits the work in two. A small federation of servers orders and seals transactions into blocks. Everything else moves straight between wallets. Keep scrolling to follow it.
This is the ATLAS network from low Earth orbit. The blocks of light are land, the bright squares are wallets, and the diamond is Primius, the federation server. Wallet positions are examples.
Messages, Epistles, group chats and payment requests travel straight from one wallet to another. No server reads or relays them.
When you pay, your wallet signs the transaction with its Ed25519 key and sends it to a federation server. The server checks the signature and spend rules, then lists it in the mempool it broadcasts.
The server seals waiting transactions into a block and sends it out, so every wallet holds the same history. Amounts and balances inside stay private.
If a wallet can't reach a federation server, it hands the signed transaction to nearby peers. Each passes it on until one reaches a server, which settles it as normal.
| Sender and receiver addresses | Public |
| Fees, and which server holds each transaction | Public |
| Amounts sent | Private |
| Wallet balances | Private |
| Messages and Epistles | Peer to peer only |
Your PIN covers viewing and small payments. Anything above your limit asks for your passphrase. After a payment settles, the receiver can still send it back as long as their wallet hasn't spent since.
ATLAS moves digital USD, a payment stablecoin backed one to one by dollar reserves. Here is how dollars get into your wallet, and why holding them is different from keeping money in a bank.
Send money in any currency to the ATLAS National Trust Bank. Once your identity is verified (KYC), the bank mints new digital USD straight into your wallet, one to one, and retires it when you redeem back to your bank account.
The bank is the issuer, not a money transmitter. It creates and retires the tokens itself rather than passing your funds along to someone else.
Buy digital USD from other holders or from exchanges that list it, the same way you would buy any other stablecoin.
Trade another asset for digital USD in a single swap through a third-party service. Both sides complete together or neither does, so nobody is left holding half a trade.
The plan is to route payments across stablecoins. You pay in the stablecoin you hold, the receiver gets the one they hold, and the conversion happens along the way. Neither side has to think about which coin the other uses.
| Bank deposit | ATLAS digital USD | |
|---|---|---|
| What you hold | A loan to the bank. Legally, the bank owes you the money. | A digital bearer asset in your own wallet. Whoever holds the keys holds the funds. |
| Where the money goes | Onto the bank's balance sheet, where it can be lent out. | Reserves held one to one in cash and short-term Treasuries, published monthly. |
| If the institution fails | FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. | Not FDIC insured. By law, holders are paid from the reserves before any other creditor. |
| If you lose access | The bank can verify you and restore access. | Your recovery words restore the wallet. Without them, funds can't be recovered. |
Deposit insurance exists because a deposit carries real risk: the bank has lent your money out. Insurance limits that risk up to a cap. It doesn't remove it.
Digital USD has risks of its own. Its value depends on the issuer's reserves, and on you keeping your keys and recovery words safe. That's why the law requires full reserves and public monthly reports.
ATLAS digital USD is not legal tender, is not issued or guaranteed by the United States government, and is not FDIC insured. Issuance begins only after the ATLAS National Trust Bank receives its charter and approval as a payment stablecoin issuer.
Addresses and fees are public on the ATLAS chain. Amounts and balances never are, so the explorer shows who transacted, not how much.
| Height | Age | Txs | Fees | Sealed by |
|---|
| Transaction | Fee | Waiting | Status |
|---|
Every ATLAS wallet is protected by an Ed25519 key. Its address is public, but working backwards from the address to the key takes about 2126 operations with the best attack known, roughly 85 trillion trillion trillion. Scroll to give the attacker more power.
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A billion guesses every second, running day and night.
Ten trillion guesses a second. The kind of rig people build to mine coins.
A billion billion guesses a second, all of it aimed at one wallet.
Every machine on the planet, working together on a single address. Still billions of years.
Turning a private key into an address is a single fast step. Reversing it is the elliptic-curve discrete log problem, which has no known shortcut on ordinary computers.
Each guess above counts as one operation. A real elliptic-curve step costs far more than that, so the true times are longer.
Your recovery words rebuild every key in your wallet. Keep them offline. Anyone holding them doesn't need to break anything.
A qubit can hold a blend of 0 and 1 at once. Shor's algorithm uses that to work backwards from a public key to its private key.
IBM's Condor processor has 1,121 physical qubits. They're noisy, and no machine today can run Shor's algorithm anywhere near this scale.
IonQ's September 2026 blueprint for a fault-tolerant trapped-ion machine. One 256-bit elliptic-curve key, roughly a month of running.
A March 2026 paper led by Google Quantum AI estimates a superconducting machine this size could break a 256-bit elliptic-curve key in minutes.
Post-quantum signature schemes such as ML-DSA and SLH-DSA, standardized by NIST in 2024, aren't broken by Shor's algorithm. Wallets can move to them, or pair them with today's keys, well before machines like these exist.
Against hashes like SHA-256, a quantum computer only halves the strength, leaving about 128 bits, still far out of reach. Making elliptic-curve keys bigger barely slows Shor's algorithm, which is why signatures need a new algorithm instead.
ATLAS is a desktop wallet and network written in Rust. Federation servers settle transactions; everything else, from chats to payment requests, travels directly between people.
Foreign investors hold $35.3 trillion of US stocks and bonds, and the dollar sits on one side of 89% of all currency trades. Roughly $8.5 trillion of currency trading involves the dollar every day, more than the world spends on oil in a whole year.
ATLAS is in the business of delivering that product: digital dollars that settle in seconds and move at the speed of light, to anyone with a wallet. Every token is backed by cash and short-term Treasuries, so growth in digital dollars adds demand for US debt.
Sender and receiver addresses are public on chain. Balances and amounts are not.
A payment can be sent back by the receiver as long as that wallet hasn't spent since.
Everyday spending sits behind a PIN. Anything over your limit sweeps to a passphrase-protected vault.
If a server can't be reached, a transaction spreads peer to peer until one picks it up.
We'll follow up with the deck and current terms.