Development Team Announces New Bitcoin Fork -
BITCOIN-X___________
INFO UPDATED, BE ATTENTIVE___________
After hard work and careful research on the Bitcoin progress, the development team is launching a new project - BITCOIN-X.
Fork BITCOIN-X will on block 501451. Expected that this will happen on December 28, 2017.
According to the developers, BITCOIN-X this hard fork is aimed at improving the existing complexity algorithm and assumes an increase of transaction speed. In addition, changes in the Bitcoin network will help to perform a rapid complexity recalculation with the fast change of hash rate, and the BTCX network after the hard-fork will become resistant to different kinds of attacks.
Among the main advantages of BITCOIN-X :
1. Using the encryption algorithm X11, which ensures complete anonymity of transactions and high profitability of coin mining, compared to other crypto-currencies
2. High block extraction rate - 2,5 min
3. Changing complexity after each block
4. Increase block size up to 4 mb
5. Protection against repeated transactions
6. Unique address format
In addition, the following positive changes to the Bitcoin-X network are already planned:
- Offline codes
- Lightning Network, which allows you to perform a huge number of transactions outside the block at the minimum commission and at a high speed, without sacrificing security at the same time.
- Smart contracts
The creators of BITCOIN-X also reported that the miners of the newest cryptocurrency will get a reward for the block generation - from 100 to 10 coins.
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