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January 22, 2018, 12:37:14 PM |
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Bitcoin Cash has been a major success so far, and Bitcoin Gold isn’t doing too badly either. Whether or not Super Bitcoin can achieve similar results remains to be determined. However, with support from exchanges right off the bat, this altcoin will see some initial success over the next few days.
Super Bitcoin went live a few days ago when the Bitcoin network discovered block 498,888, allowing exchanges to begin issuing this currency to holders of Bitcoin. OKEx, Huobi Pro, Coinut, CEX.com and a few others have all (allegedly) pledged support for this hard fork, although it remains to be seen if they will enable trading before the year is over.
On the mining front, it seems Super Bitcoin has two major mining pools helping out. Both BTCC Pool and F2Pool have set up servers for mining Super Bitcoin, which is rather interesting. All of this is according to a Medium post dated a few days ago, yet F2Pool’s main page doesn’t list SBTC as one of its mineable currencies. It will be interesting to see how many people decide to mine Super Bitcoin.
On the technical side, it seems the total supply will be 21,210,000 SBTC. This is slightly more than Bitcoin’s 21 million coins. All of the “excess” coins were pre-mined and held by the Super Bitcoin Foundation. The plan is to use these funds to encourage early developers, ensure the foundation continues to operate, and grow the ecosystem over time.
Other features of Super Bitcoin include support for smart contracts, the Lightning Network, zero-knowledge proofs, and bigger blocks. More specifically, the block size can be expanded to 8MB at its highest, although this number may still increase depending on how many transactions are processed on the network. It is quite interesting to see this project focus on so many different things, all of which are mainly borrowed from other projects.
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