BitCoin New York
BitCoin New beginning
BitCoin New beginning
|Supply||21 Million||21 Million||21 Million||21 Million|
|Block Interval||10 Minutes||10 Minutes||10 Minutes||10s - 2H|
|Block Size(actual)||1M (2-4M)||1M (2-8M)||1M (2-4M)||1M (8M)|
|Difficulty adjustment||2 Weeks||Every block||Every block||2 Week + EDA|
|Unique address format|
Quickly processed, BTC2 can be applied in real life.
We can do safe and reliable transactions.
Changing mining algo to GPU mining or ProgPOW anti-asic to CPU mining.
A block of bit coins will form a new block about once every 10 minutes.
And 1MB of data can be recorded in one block.
One transaction size is 0.25KB.
In other words, transactions that can be recorded for 10 minutes are limited to about 4,000 transactions.
Subsequent transactions are recorded from the time the new block is formed.
In other words, the processing speed will also be delayed in proportion to the increase of trasction (user).
This is called Scalability.
As the amount of data in the block increases, it is difficult to manage it on a personal PC.
Central administration is required to store large amounts of data.
This is not suitable for decentralization of Satoshi.
Double-spending is a problem.
A bit coin forms a block in about 10 minutes and the transactions are recorded.
Transaction is created with ID (txid) to identify each transaction.
At this time, it is known that it is possible to spend more than 2 times by changing only the TXID of the same transaction.
In the two generated transactions, the transactions received by more nodes are confirmed,
The rest are all canceled.
In other words, it takes about 10 minutes to transmit the bit coin and guarantee it.
The time required to preserve grows as the volume of transactions increases.
If you buy a cola with a bit coin, you may have to wait 10 minutes before making a payment.
ProgPow (Programmatic Proof-Of-Work)
It was proposed and developed by the IfDefElse team.(ProgPow statement)
It is a new version of the bitcoin agreed in November 2017.
Block Height became hard fork at 494,784.
The bit coin purse is used, and the error of the TXID value of the bit coin is resolved.
Transaction capacity increased to 2MB-8MB block size.
All developers hire volunteers.
We pursue de-neutralization based on Satoshi's spirit.
"BTC2 has no owner anywhere in the world, and anyone can be the owner at the same time."