Introducing
BITCOIN PLATINUM
We believe and support the ideas on which Bitcoin is based upon . Active right to choice and right to economic independence from government agencies but at the same time we believe that there are too many back drops in the current Bitcoin infrastructure and how bitcoin block chain works which has made bitcoin slow and inefficient for faster transactions with low transactions fee . BitcoinPlatinumX is based upon the same concept and ideology as of Bitcoin but is an experiment with faster blocks and inclusion of Proof-of-Stake as an harmonious algorithm with amalgamation of Proof-of-Work giving rise to a hybrid chain which would make the blockchain more secure . Proof-of-stake would enable investors to stake their BitcoinPlatinumX and earn 10% interest on it on yearly basis which would make BitcoinPlatinumX more investment friendly and would help to secure the nodes against any malicious attacks .
BitcoinPlatinumX would enable miners to mine BTPx from it's initial blocks further miners would also be able to stake BTP in future after the coins get mature which would lead to different price discovery and experimentation of fundamentals . Block Reward for BitcoinPlatinumX would be fixed to 2 BTP per block with Block time being 120 Seconds instead of 5 mins . This would lead to a faster blockchain with lower transaction costs which would help users to make micro transactions with BitcoinPlatinumX . 8MB Blocks would enable blockchain scalibility in future which would infact lead to more widespread adoption of the currency in future .
Specifications of Bitcoin Platinum .
Type :- POW + POS
Hashing Algorithm :- X11
Block Time :- 120 Secs
Block Reward :- 2 BTP
Block Size :- 8 MB Blocks
Interest Per year :- 10%
( BitcoinPlatinumX is an experimentation to improve the current Bitcoin network and to support the community with right to exercise it's choice but at the same time as we do believe in Bitcoin at it's status quo we would not fork bitcoin but allow miners to mine and stake from the initial blocks just like how Bitcoin started it's journey )
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