Btchd.org is a new type of crypto currency based on Proof of Capacity. BHD uses an upgraded version of cPOC mining (Conditioned Proof of Capacity), with a perfect economic model and consensus algorithm. BHD uses hard disk as the participant of consensus, which reduces power consumption. BHD mining lowers the entry barriers, and makes the coin generation process more decentralized, secure and reliable.
Btchd.org Compared with POW mining, cPOC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. cPOC-mining-based BHD can realize the original intention of Satoshi Nakamoto —- everyone can become a miner. Lowered the cost of credit, increased the strength and breadth of consensus, and improved the security of the consensus architecture.
Storing content is not the vision and goal of Btchd.org, BHD is a complement to the encrypted digital currency and consensus mechanism, and BHD will focus on the cryptocurrency system of value storage, IPFS takes storage as its vision.
Energy saving and environmental friendly cPOC. Natural resistance to ASIC.
Proof based on cPOC capacity The mining threshold is lower.
Return to Satoshi Nakamoto’s original intention. Empower everyone with credit issuance.
Support superlarge bloc. Zero-Knowledge Proof
The live BitcoinHD price today is $5.03 USD with a 24-hour trading volume of $10,758,161 USD. BitcoinHD is up 10.03% in the last 24 hours. The current CoinMarketCap ranking is #702, with a live market cap of $30,606,931 USD. It has a circulating supply of 6,083,016 BHD coins and a max. supply of 21,000,000 BHD coins.
The top exchanges for trading in BitcoinHD are currently Huobi Global, HBTC, MXC.COM, Binance JEX, and Hoo. You can find others listed on our crypto exchanges page.BitcoinHD (BHD) aims to create an energy efficient cryptocurrency and mining ecosystem. BTCHD’s goal is to create a currency that anyone can mine, manage, and use.
Why does BHD choose to share data architecture with Burst?
Building an energy-saving and environment-friendly mining structure is the Btchd.org team’s vision. Burst-based Plot data, early capacity collection can be achieved without any additional waste of hard disk/power resources. Sufficient time is allowed to develop new Plot formats and file storage schemes while ensuring network and transaction security.
BHD and Burst can dual-mine, Burst’s block time is 4 minutes, BHD is 3 minutes, the block time difference is to make the dual-mine possible for these two coins.
The BHD wallet looks like the traditional Bitcoin wallet, What’s the difference between the two?
A4: The main task of BHD team is to debug cPOC code and underlying file storage code, At the current capacity collection stage, adopting mature Bitcoin wallet code can reduce the amount of code maintenance workload and improve system security, Compared with BTC wallet, BHD has made further optimizations: a. Block size increased to 2M/Block; b. Block time is adjusted to 3 minutes; c. The initial block reward is adjusted to 15BHD/block, and the block becomes larger; d. A single block can contain more transactions to increase the transfer speed; e. Block time is halved to increase the transfer speed; f. The initial block reward halved, giving the community more time to gather resources. The miners now can share more benefits, while maintaining the total coin supply of 21million; g. BHD wallet has added the function of of conditional capacity mining;
BHD Economic Model
Btchd.org ‘s economic model / consensus mechanism has been upgraded based on the Burst PoC2 (Proof of Capacity) , and is called: CPoC (Conditioned-Proof of Capacity).
Economic Model Attack
The main purpose of miners mining is the payback period, and the benefits will inevitably lead to the sale of all mining output, resulting in market crash, lower prices and thinner profits. The CPoC mining model binds miner to its ecosystem, and uses output of mining as future input of mining, to make the entire BHD system grow automatically.
Lack of Long-Term Economic Incentive
Btchd.org Without operational incentive funds, the promotional efficiency and market confidence is low. even the core technology might fail to get continuous update. As a result, effective development and iterations are non-existent in the long-run, the team may even create a fork in the subsequent version, and users will no longer be able to tell which is the main-net.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.