[BTC2] Bitcoin 2, BTC Fork 1:1, PoS 🔥 Anonymous ⚡️Instant TX

[john1010]

@jacklezz I forgot how to release the BTC2 on the zbtc2 wallet, what is procedure of adding it again in my main balance, and by the way, why the balance on the zbtc2 wallet is still immature even it was there for 2 days.. Kindly help thanks

[1714191630]

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[1714191630]

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[1714191630]

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[1714191630]

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[jackleszz]

@jacklezz I forgot how to release the BTC2 on the zbtc2 wallet, what is procedure of adding it again in my main balance, and by the way, why the balance on the zbtc2 wallet is still immature even it was there for 2 days.. Kindly help thanks

To convert zBTC2 to BTC2, go to the Privacy tab and use the Spend Zerocoin on the bottom left.

In order for zBTC2 to mature, another zBTC2 mint of the same denomination some blocks after your zBTC2 mint is required. You can mint 1 more denomination yourself of each different type of denomination that you want to unlock, but if you just mint more yourself, the newest mints will remain immature until someone else mints zBTC2 of that denomination.

By denomination I mean for example a 0.05 coin, or a 0.2 coin.

[john1010]

@jacklezz I forgot how to release the BTC2 on the zbtc2 wallet, what is procedure of adding it again in my main balance, and by the way, why the balance on the zbtc2 wallet is still immature even it was there for 2 days.. Kindly help thanks

To convert zBTC2 to BTC2, go to the Privacy tab and use the Spend Zerocoin on the bottom left.

In order for zBTC2 to mature, another zBTC2 mint of the same denomination some blocks after your zBTC2 mint is required. You can mint 1 more denomination yourself of each different type of denomination that you want to unlock, but if you just mint more yourself, the newest mints will remain immature until someone else mints zBTC2 of that denomination.

By denomination I mean for example a 0.05 coin, or a 0.2 coin.

It was not minting, i disabled the zbtc2 option, My friedn is using the old wallet, so when I transfrered the btc2 collateral it automatically transfer 100btc2 on the zbtc2 wallet, when i saw it i disabled the option to not to transfer automatically the coin again in this option. but up until now it's in a immature status. Can i transfer it in the main balance even it is in an immature status?

[jackleszz]

Can i transfer it in the main balance even it is in an immature status?

No, you cannot convert it back before it matures.

[eisbrecher71]

Hi! Yesterday i was surprised about the BTC2 price at Blockfolio. Then I realised it was some bug. But today it surprised me again.Yesterday price 66$, today ptice 135$
Maybe its a sign?!?))

[john1010]

Can i transfer it in the main balance even it is in an immature status?

No, you cannot convert it back before it matures.

It's 4 days today but the balance is still on the immature status.. How long it will appear to balance?

[jackleszz]

It's 4 days today but the balance is still on the immature status.. How long it will appear to balance?

Somebody (can be you) has to mint a 100 zBTC2 coin before your 100 zBTC2 coin matures. Nobody is using that denomination yet.

[john1010]

It's 4 days today but the balance is still on the immature status.. How long it will appear to balance?

Somebody (can be you) has to mint a 100 zBTC2 coin before your 100 zBTC2 coin matures. Nobody is using that denomination yet.

Is there any chance to retrieve the coin there since it is not mature yet?

Somebody (can be you) has to mint a 100 zBTC2

how to do that?

[jackleszz]

Is there any chance to retrieve the coin there since it is not mature yet?

Somebody (can be you) has to mint a 100 zBTC2

how to do that?

As said, it cannot be spent until it matures. In the Privacy tab, you or anyone else can mint a 100 zBTC2 coin to unlock the older coin. But then that new 100 zBTC2 would stay locked until the next 100 zBTC2 mint. So it wouldn't help you.
It is not lost however. Sooner or later it will become spendable.

[Inskchen]

@jackleszz on another forum they ask me, why in yours wallet is a bitcoin mining file?

The wallet can not be used for mining BTC?

[jackleszz]

@jackleszz on another forum they ask me, why in yours wallet is a bitcoin mining file?

The wallet can not be used for mining BTC?

It is based on Bitcoin. It has the code built in to in theory allow PoW mining if generate=1 is passed as a commandline argument, but its not usable as such. They can check the source code at https://github.com/BITC2/bitcoin2
The Bitcoin snapshot was created into the blockchain with early PoW blocks, but the consensus rules prevent PoW from then on.

[Inskchen]

@jackleszz on another forum they ask me, why in yours wallet is a bitcoin mining file?

The wallet can not be used for mining BTC?

It is based on Bitcoin. It has the code built in to in theory allow PoW mining if generate=1 is passed as a commandline argument, but its not usable as such. They can check the source code at https://github.com/BITC2/bitcoin2
The Bitcoin snapshot was created into the blockchain with early PoW blocks, but the consensus rules prevent PoW from then on.

Do you think in the future, perhaps POW or it is necessary for the exchange?

[jackleszz]

Do you think in the future, perhaps POW or it is necessary for the exchange?

No, bitc2.org at least would never turn BTC2 into a POW coin. Almost all POW coins are susceptible to 51% attacks.
Not to mention we believe that investing in mining equipment + using a lot of electricity is worse than just investing in the coins themselves and letting them stake on a laptop.

[jackleszz]

How many Bitcoin 2 needed to get efficient staking process?
I known that stakers can use any amount of Bitcoin 2 to stake, but to get efficient staking, they should have use appropriate amount of coins for staking.
Highly appreciated from your sharing staking experience with Bitcoin 2.

These days, 100 or more BTC2 to see several rewards per week, or more than 1000 if you want several rewards per day.

[Inskchen]

Do you think in the future, perhaps POW or it is necessary for the exchange?

No, bitc2.org at least would never turn BTC2 into a POW coin. Almost all POW coins are susceptible to 51% attacks.
Not to mention we believe that investing in mining equipment + using a lot of electricity is worse than just investing in the coins themselves and letting them stake on a laptop.

I agree that POS is a more promising technology, but I wonder why you left possibility for the POW?

[Hiromono]

I agree that POS is a more promising technology, but I wonder why you left possibility for the POW?

POW was needed to recreate the Bitcoin balances. There was no reason to take the time to completely remove that unused code afterwards as POW cannot be used after the main net launch without forking away from the main chain and changing the code.

[Inskchen]

I agree that POS is a more promising technology, but I wonder why you left possibility for the POW?

POW was needed to recreate the Bitcoin balances. There was no reason to take the time to completely remove that unused code afterwards as POW cannot be used after the main net launch without forking away from the main chain and changing the code.

Thank you for the explanation.

[jackleszz]

Has the PoS phase of Bitcoin 2 been activated?
How about collateral of Bitcoin 2 masternodes (if they are available)?

Yes. PoS is active and has been since the main net launch. There was no PoW phase per se. It was just used to recreate the Bitcoin balances in a much more compact manner, pruning the transaction history. (less than 1.5 GB rather than 147 GB).
Collateral for a masternode is 1000 BTC2, and you can get it by buying/claiming/staking or a combination of those.

[Hiromono]

The web wallet has been improved.
- It now displays the actual blockchain balance
Instead of the internally counted balance.

- Ensured that when sending something out from an account, only the mature coins of the account can be used. So if you see a clock icon next to an incoming staking reward, you will need to wait until that staking reward matures and the clock icon turns into a check mark before those coins are spendable again. But most of the time your coins will be spendable.

- We will soon be re-activating the web wallet staking fee script, and it will retroactively catch up on sending out the unpaid fees. (0.2 BTC2 per staking reward of 0.6+ BTC2).

- If a significant % of users request it, we may also make staking optional on the web wallet.

[Inskchen]

The web wallet has been improved.
- It now displays the actual blockchain balance
Instead of the internally counted balance.

- Ensured that when sending something out from an account, only the mature coins of the account can be used. So if you see a clock icon next to an incoming staking reward, you will need to wait until that staking reward matures and the clock icon turns into a check mark before those coins are spendable again. But most of the time your coins will be spendable.

- We will soon be re-activating the web wallet staking fee script, and it will retroactively catch up on sending out the unpaid fees. (0.2 BTC2 per staking reward of 0.6+ BTC2).

- If a significant % of users request it, we may also make staking optional on the web wallet.

Cool, how is the exchange going?