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Rabu, 29 November 2017

BTCx The Most Advanced Version Of Bitcoin


The Most Advanced Version Of Bitcoin


bitcoin was made for a wide range of reason and consistently. one of the verifiable reason is that individual dont trust states or bank or any other middle person to the control their cash. one of the focal segment of the bitcoin design is mining. Essentially, put miners confirm each exchange and rival each other to get reward.
BTCx is hard fox that will launch on november 25th. its aim in improving the functioning and sorting out the volatility and uncertainty caused by the infighting within the bitcoin community. 
BTCx will be the most advanced version of bitcoin with faster, smarter and more secure transaction and lower transfer fees.
like other recent fork BTCX is :
- an alternative software - a the modification of the bitcoin software run by network participants and that enforces the protocol rules. in this case, BTCx code is called BTC1

- an attempt to increase the block size - most fork focus on the specific rule of the network (block size) despite other possible optimizations that could lead to capacity boosts.

- a hard fork anyone whose software is not upgraded to the new rules no longer be a part of the network.

- first and foremost bitcoin cash developer appeared content to create a new blockchain (a new rules)  BTCx goal is to keep all bitcoin existing user on one blockchain

What Make BTCx Better 

1. Better starting from the foundations
BTCx is written in turing complete language which is more functional than stack based language used in bitcoin.
2. close to zero interval
BTCx has faster transaction speed than bitcoin with assistance of the most advanced blockchain technology. the average block interval on bitcoin is 10 minutes which forty times slower than BTCx's block interval of 14 seconds. Shorter block intervals have higher block duplication rate, reducing the overall work of friendly miners (giving attacking miners an edge)
3.Safety Level Maximized
bitcoin uses SHA-256 algorithm that produces a number in hexadecimal format. compared to that BTCx uses ETHASH algorithm for security which is far more superior in terms of safety measures.

BTXC and The Others
Comparison
BTC
BTCCash
BTCGold
BTCx
Supply
21.000.000
21.000.000
21.000.000
21.000.000
BlockChain Algorithm
SHA256
SHA256
Equihash
Ethash
Mining hardware
ASIC
ASIC
GPU
GPU
Block Interval
10 Minutes
10 Minutes
10 Minutes
14 Seconds
Block Size
2-4 M
4-8 M
8 M
2-4 M
Difficult Adjustment
2 Weeks
2 Weeks
Every Block
Dynamic
Segwit
Segwit1x
No
Segwit1x
Privatex
Unique Address Format
No
No
No
Yes
Tx fee
2.5 USD
2.4 USD
2.3 USD
0.2 USD
Tx Per second
3
3
3
25


Token Info

Token Name : BTCx
Decimals: 8
The Symbol: BTCx
Supply: 21.000.000
Contract Address: 0x5A82De3515fC4A4Db9BA9E869F269A1e85300092

How does the ethereum ethash hashing algorithm work

The ethash algorithm relies on a pseudorandom dataset, initialized by the current blockchain length.this is called DAG, and is regenerated every 30,000 blocks ( or every ~5 days ).
the flow of the ethash hashing algorithm can be summarized as follow : 
1. The proprecessed header ( derived from the latest block ) and the current nonce ( the current guess ) a combined using a SHA3-like algorithm to create initial 128 byte mix, called mix 0 here
2. The mix is used to compute which 128 byte page from the DAG to retrieve, rep resented by the Get DAG page block
3. The mix is combined with the retrieved DAG page.This is done by using a Ethereum-specific mixing function to generate the next mix, called Mix 1 here.
4. Steps 2 & 3 repeated 64 times, finally yielding mix 64.
5. Mix 64 is Post Processed, yielding a shorter, 32 Byte Mix digest.
6. Mix digest a compared again the predefined 32 byte target threshold. if mix Digest is less than or equal to target threshold, then the current nonce is considered Succesfull and will be broadcast to the Ethereum network. 

adaptation is the new smart

in BTCX, user create smart contract much faster than bitcoin, paying significantly less fees.Ethereum is a public blockchain platform for the execution of decentralized smart contracts. Although bitcoin all corporates smart contracts, BTCX on ERC 20 is a platform for a lot of non-cash, advanced application and services.

These Wallet Competible with BTCX







ROADMAP

source: https://btcxproject.com/ and https://bitcointalk.org/index.php?topic=2460832

First Quarter-2017

Bitcoin had a few problems such as being unsuitable for smart contracts, having a mean transaction time of 30 minutes and very high transaction prices. These problems revealed the need of creating a new upgraded Bitcoin Token.

Second Quarter-2017

After months of hard work, project team was organized and studies got started.

Third Quarter-2017

New partners joined in. At the same time project team finished working on creating updates on smart contract technology and security measures. Then project website was launched simultaneously with the activation of social media channels.

Fourth Quarter-2017

Distribution of BTCx via ICO. BTCx trade will be initiated at stock markets such as HitBTC and EtherDelta. Following that, trading will take place on bigger exchanges as well.

First Quarter-2018

Blockchain optimizations will be released and BTCx will become an available option in some online shopping websites

Second Quarter-2018

Contracts with new partners will be announced and updates will be released. Private transaction features will be implemented. Token swap to new and unique blockchain for new upgrades.

Third Quarter-2018

Full integration on selected products

Fourth Quarter-2018

100 Partners working with BTCx

2019

BTCx will become a commonly used payment method.

2020

Contracts with banks and announcement of big partnerships.


in order to get more information about BTCx please visit :
Whitepaper : https://btcxproject.com/whitepaper/whitepaper.pdf

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BTT Account Name : ardi65
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