Hallo all, on this good occasion I will introduce about BTCx Project and for that Here is the Explanation:
What is BTCx
BTCx is a Decentralized Platform Based on Intelligent contracts aimed at improving functionality and sorting out the volatility and uncertainty caused by infigting within the Bitcoin community.
BTCx will be distributed with ICO, so you can take BTCx and redeem it in Exchange.
BTCx is the most advanced version of Bitcoin with faster, smarter and more secure transactions and lower transfer fees.
Privacy Issues! BTCx has a private transaction so you can trade securely!
Which Makes BTCx Better.
BTCx is written in a more functional Turing Full Language from the stack-based language used in Bitcoin.
BBTCx has a faster transaction speed than Bitcoin with the help of more advanced Blockchain technology. The average block interval on Bitcoin is 10 minutes which is forty times slower than the 14 second BTCx block interval.
Bitcoin uses the SHA-256 algorithm that generates numbers in hexadecimal format. Compared to that, BTCx uses the Ethash algorithm for security that is far superior in terms of security measures.
At BTCx, users can make contracts faster than Bitcoin at cheaper rates.
BTCx with Others.
Token Information
Token Name: BTCx
Decimal: 8
Symbol: BTCx
Total inventory: 21,000,000
Contract Address: 0x5A82De3515fC4A4Db9BA9E869F269A1e85300092
How it Works Hashing Ethereum.
The Ethash algorithm depends on the pseudorandom dataset, which is initialized by the current blockchain length. These are called DAGs, and are regenerated every 30,000 blocks (or every -5 days). In March 2017, DAG - 2GB, and DAG will continue to grow in size as the blockchain grows.
The flow of hashing algorithms can be summarized as follows:
Preprocessed header (now of the newest keyword), currently Nonce (current guess), combined using SHA3 algorithm to create our initial 128 byte mix, called Mix 0 here.
Mix is used to calculate 128-byte pages of DAG for retrieval, represented by Get DAG page block.
Combine mix with DAG pages taken. This is done by using a special ethereum mixing function to produce the next mixture, called Mix 1 here.
Steps 2 & 3 are repeated 64 times, eventually resulting in Mix 64.
Mix 64 is post process, make Mix Digest 32 byte shorter.
Mix Digest compared to a predefined Target Threshold 32 bytes. If the Mix Digest is less than or equal to the Threshold target, the Current Nonceashed succeeds, and will be broadcast to the ethereum network. Otherwise, the current Nonce is invalid, and the algorithm is re-run with a different nonce (either by adding the current nonce, or selecting a new one at random).
Mix is used to calculate 128-byte pages of DAG for retrieval, represented by Get DAG page block.
Combine mix with DAG pages taken. This is done by using a special ethereum mixing function to produce the next mixture, called Mix 1 here.
Steps 2 & 3 are repeated 64 times, eventually resulting in Mix 64.
Mix 64 is post process, make Mix Digest 32 byte shorter.
Mix Digest compared to a predefined Target Threshold 32 bytes. If the Mix Digest is less than or equal to the Threshold target, the Current Nonceashed succeeds, and will be broadcast to the ethereum network. Otherwise, the current Nonce is invalid, and the algorithm is re-run with a different nonce (either by adding the current nonce, or selecting a new one at random).
Wallets and stocks that accept BTCx
You can store BTCx in the coolest wallet and redeem it in the world's best stock exchange. Where's that - see below.
Now the coin is on the ICO platform. This means you can buy them for a small price on the project's website. The price for one coin is 0.005 ETH, and the hard part of the project is 14.7 million BTCx. Have time to buy it on the official site, otherwise in the future you will bite the elbow :)
Personal opinion about the project and its prospects.
I believe that this project has a big future. Now even the coolest Crypto-currency has problems with network scale or bandwidth. This project can solve it and give access to a large number of people to manage their facilities without fear of unforeseen situations where half of their coins will be commissioned.
How once people can buy bitcoin, but do not do it because looking back, and in the future will suffer because they do not buy this coin.
How once people can buy bitcoin, but do not do it because looking back, and in the future will suffer because they do not buy this coin.
ROADMAP
The team has been working at BTCX since April'17 in this project:
Quarter I-2017 - Bitcoin has some issues such as unsuitable for smart contracts, having an average transaction time of 30 minutes and a very high transaction price. This issue reveals the need to create a newly upgraded Token Bitcoin.
Quarter II-2017 - After months of hard work, the project team is organized and research
begins.
begins.
Quarter III-2017 - New partners join. At the same time, the project team finished working on making smart contract technology updates and security measures. Then the project website was launched simultaneously with the activation of social media channels.
Quarter IV-2017 - Distribution of BTCx via ICO. BTCx trading will start in the stock market such as HitBTC and EtherDelta. After that, the trade will take place in the bigger exchanges as well.
Quarter I-2018 - Blockchain optimization will be released and BTCx will be an option available on some online shopping sites
Quarter II-2018 - Contracts with new partners will be announced and updates will be released. The private transaction feature will be implemented. Token switch to new and unique blockchain for new upgrade.
Quarter III-2018 - Full integration of selected products
Quarter IV-2018-100 Partners work with BTCx
2019 - BTCx will be the most commonly used payment method.
2020 - Contracts with banks and large partnership announcements.
Up here Explanations from me and for more information please visit Some of our Official Sites:
WEBSITE , WHITEPAPER , REDDIT , TWITTER , TELEGRAM
My ETH : 0x918345586D6db07c66289C4FE2EcD6e637261312
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