Secondary generation Bitcoin.
Hello friends, let's talk in this article about cryptocurrencies, which are used as a transfer of value through the Internet. The first cryptocurrency was bitcoin, created by its anonymous cryptography genius Satoshi Nakamoto. No one knows who it is and where to find him, he has signed up such a name for his works on the Internet. Opinions of course are divided, someone thinks that this is one person, someone believes that one to do such work is not under force. Undoubtedly, whether it is a team or one person, they are very rich people, because they managed to mine about one million bitcoins. You can calculate what their cost is now. But the movement of these bitcoins is not recorded in the blockchain network. Most likely, they are not in a hurry with the conclusion, as cryptocurrencies are changing the world and they will cost much more. With the spread of cryptocurrencies, there are also problems. For example, when there is great demand for cryptocurrency, it does not have time to process transactions. In this regard, bitcoin is not the most convenient coin, because it does not have such a great speed. A new block is created approximately every 10 minutes and does not place as many transactions as we would like. Therefore, appearing on the market new cryptocurrencies, so to speak, are quicker. Also there are bitcoin forks, such as Bitcoin Cash or Bitcoin Gold. A fork is a bitcoin branch. Thus, who had bitcoin on their wallets, they were added the same amount of new coin. Thus, we gained a target audience. Before these forks, everyone started to buy bitcoins to get free coins)) I want to introduce you to a new coin:
BitClassic is a new coin, now they attract miners to ensure the operation of the coin. The coin will certainly be much faster and more modern than bitcoin, as you can see in the table below, the table shows bitcoin and its forks and BitClassic.
To attract miners, the most interesting conditions with a good reward have been created for them. Does everyone understand the work of miners? Mining is when a computer creates new blocks. It creates them by encryption, the process produces different combinations, but it needs a combination that meets certain conditions. And whose computer creates a new block faster, he gets a reward. In order to simplify this process, collect mining pools. The pool creates blocks thanks to the common computers power of the miners group. And the reward is distributed among all participants of the pool, depending on the provided power volume. Pools are profitable, because your computer can create a block for many years, and not having time to do it first. So miners are also looking for favorable conditions now, because some cryptocurrencies do not bring the profit that have been before. BitClassic can provide favorable conditions for mining.
I like that there will be the same number of coins as in bitcoin, only 21 million. Now there are a lot of projects in which the number of coins or tokens goes up to several billion. On the one hand, this is good, because the companies are designed
for the world market, but if you look on the other hand, what kind of money infusion is needed, so that these tokens increase in price.
The development team is negotiating with major exchanges. Such as:
I think you understand what will happen to the coin, if it gets to such popular exchanges. There are many examples when the coin, getting to these exchanges, made a big increase. Let me give you an example of why this happens. Imagine that you are selling seeds in a small town, where there are very many seeds and they are bought rarely, respectively, the price is low and the competition is high. But suddenly it so happened that you are in a big city, on the street with a huge customer traffic and you are the only seller. Of course, the demand will grow, and with it the price. But cryptocurrency is different from seeds, because seeds will grow again, and cryptocurrency is limited. And here there is a new product on the exchange, which won't be any more. Of course, people try to buy a piece of this cryptocurrency. So it grows in price. Then of course the price is adjusted, but on major exchanges coins are traded in large volumes.
Also POS mining system is implemented in BitClassic. POS mining is a kind of incentive system, when people store coins on the official wallet and get paid for it. In BitClassic, crypto-holders will receive 7 percent per annum. Taking into account the growth of the coin - it's a good profit, especially if you take the coin for long term. Like any coin, BitClassic will have its own wallet.
I think you know the difference between a coin and a token? The coin has its own blockchain, it makes some innovations in the cryptocurrency world. And tokens are issued by companies that use someone's blockchain. Accordingly, they can use the cryptocurrency wallets which they go out on.
I will attach the links to study the project under the article, so you understand all the nuances.
And so friends, let's sum up: in the crypto world everything is developing with big steps, and no one knows what coins will be in trend. Even the first ten coins are constantly changing. Perhaps BitClassic will be able to place high in the list of cryptocurrencies.
Ps: Remember that I give you only information and reason for reflection. I do not call for anything. Investments are always connected with risks, but who dares wins.
✅Website: https://bitclassic.org
✅Whitepaper: https://bitclassic.org/whitepaper.pdf
✅Twitter: https://twitter.com/classic_bit
✅Telegram Group: https://t.me/bitclassic
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3764776.msg3710088
Author of article:
✅Bitcointalk username: cieje
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=22511