Last Monday, December 11, the BTCx ICO started, which wants to be an improved version of Bitcoin.
BTCx is a project that sees greater sustainability of Smart Contracts, which are currently not implemented by Bitcoin. It also aims to refine the functionality and resolve certain security uncertainties that have emerged among users of the Bitcoin community.
Another point is that of the fees that are today with extremely high bitcoins.
Another point is that of the fees that are today with extremely high bitcoins.
These requirements led to the idea of BTCX for a new improved bitcoin.
What are the aspects that BTCx proposes to improve?
40 times faster: thanks to the development of a new Blockchain technology, the average interval between the blocks will be 14 seconds, compared to about 10 minutes required for Bitcoin. This would allow transactions up to 40 times faster.
Ethash instead of SHA-256: the algorithm used for cryptography is not the classic SHA-256 of Bitcoin but Ethash (used by cryptocurrencies based on Ethereum's Blockchain technology)
Code: BTCx is Turing Complete
Felling of the Fees: this is a fundamental point. The low interval between the blocks would make possible a high number of transactions at very low costs.
The technical features:
Token name: BTCx
Symbol: BTCx
Total number of coins: 21,000,000 (such as Bitcoin, Bitcoin Cash, Bitcoin Gold)
Decimals: 8
Block size: 2-4M (as Bitcoin)
Contract address: 0x5A82De3515fC4A4Db9BA9E869F269A1e85300092
Symbol: BTCx
Total number of coins: 21,000,000 (such as Bitcoin, Bitcoin Cash, Bitcoin Gold)
Decimals: 8
Block size: 2-4M (as Bitcoin)
Contract address: 0x5A82De3515fC4A4Db9BA9E869F269A1e85300092
ICO PRICE: 1BTCx = 0.005 ETH
Future developments
Taking a look at the roadmap of the BTCx Team on their main site, you can see how this ambitious project has developed quite quickly:
The project was born in fact in the first quarter of 2017 but the real development starts around April 2017 (Q2).
In recent months new partners have entered and the project team has finished working on updates, improving the Smart Contracts and implementing security measures. So the creation of the website and the social media channels started.
So here we are in the fourth quarter of 2017 (Q4) with the distribution of BTCx through ICO that started Monday, December 11th.
In recent months new partners have entered and the project team has finished working on updates, improving the Smart Contracts and implementing security measures. So the creation of the website and the social media channels started.
So here we are in the fourth quarter of 2017 (Q4) with the distribution of BTCx through ICO that started Monday, December 11th.
The trading will be activated initially in the exchange platforms HitBTC and EtherDelta and then in others also more popular as Bittrex, Binance, MercatoX, YoBIT
This is only the first of a series of objectives that the team has set itself. In fact, in 2018 the BTCx roadmap envisages availability and initial use in some online shopping sites, then a collaboration with more than one hundred partners (third quarter of 2018, Q3), until becoming in 2019 and 2020 to become a method of popular payment and start collaborations with banks.
BTCx is a very ambitious project that is proposed (although not) as a hard fork Bitcoin on the same wave of Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond and therefore could give some satisfaction when it will be available in major exchanges.
To not miss any important announcement and stay updated on the BTCx situation, here you will find all the official links:
Official site - https://btcxproject.com/
Official Thread BitcoinTalk - https://bitcointalk.org/index.php?topic=2460832
Twitter - https://www.twitter.com/BTCxToken
Telegram - https: // t .me / BTCxToken
Whitepaper - https://btcxproject.com/whitepaper/whitepaper.pdf
Official Thread BitcoinTalk - https://bitcointalk.org/index.php?topic=2460832
Twitter - https://www.twitter.com/BTCxToken
Telegram - https: // t .me / BTCxToken
Whitepaper - https://btcxproject.com/whitepaper/whitepaper.pdf
Authors: YarisRiyadi1st
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1756824;sa=summary
My ETH: 0x8B1820FB5829696cA5b595d09dF4e0F5757a97A7
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