[ANN]Bitcoin-One[PoW/PoS][Scrypt]
Bitcoin-One is the perfect balance between Satoshi Nakamoto's Bitcoin, True vision of financial freedom and the latest altcoin technology.
We are proud to announce that we have acomplished a succesful launch and a healthy network has been established.
Our main focus has been to get services ready: Explorer, Exchanges, Faucets (coming soon) and more!
The premine will be exclusively used to reward the community for their efforts. (This will be done transparently)
When all of the above goals have been accomplished we will focus on further roadmap development.
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The upcoming roadmap will contain the latest cutting edge technology, some of the features you can expect:
- Anon technology using ZK-snarks -
- Decentralized governence -
- Atomic cross chain swaps -
- P2P decentralized market integrated within the core wallet -
- Integrated trading tools -
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Coin Specs:Algorithm: Scrypt
Type: PoW/PoS
Coin Name: BitcoinOne
Block Reward: 50 coins
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Nodes:addnode=37.97.242.80:29403
addnode=5.14.5.57:8240
addnode=86.125.115.165:42252
addnode=94.156.144.211:45438
addnode=95.85.13.73:37866
addnode=49.32.98.123:59122
addnode=65.60.244.237:57118
addnode=97.121.65.243:33244
addnode=94.37.84.245:52758
addnode=196.217.57.164:29403
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SuperNode:Node IP: 154.16.7.190
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Downloads:Windows:https://mega.nz/#!tQwCTCqI!Gtnvbv2yHchWfa8Vyc7bqxUvShtDuSm0G_bNK11PlHk
Mac:*Coming soon*
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Exchanges:*Coming soon*
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Explorer:http://bitcoinone.lchain.cc-------------------------------------------------------------------------------------------------------------------------------------------
The creation of bitcoin-one happened due to multiple bad forks coming in and flooding the crypto-currency world and shaking it upside down so we launched something considering speed and rarity of the coin that will help the community to keep up with the coin's supply and inflation.
•Bitcoin - Scaling issues which cannot be fixed.
•Bitcoin Cash - not much then just a copy-cat of the bitcoin having no strong fundementals just something that you would be confused if its BCC OR BCH
•BitcoinGold - This coin was an epic failed who released their wallet really late after that the premined was dumped later on... sounded a lot fishier then the second version.
•Bitcoin-One - Considering all the previous forks being a failure We launched something that would not need mining and has a very little total supply of 512195 Coins to ever exist There are 10,000 Proof-of-work blocks to be ever mined thereafter the coin would become completely proof-of-stake. Bitcoin-One was created to solve the previous problems the forks had not only to have a greater and brighter future ahead but also to run on its own without the need of asic mining so it could not be controlled by any hardware or any future machine The stake holder solely is the true owner of the coin without the worries of the coin being controlled by any third party.
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Bitcoin-One also acts as a great example on how fair it works against the proof-of-work alt-coins and forks in related to speed and efficiency.
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Proof of Stake
We have adopted the concept peer-coin has any admire its technology in support of bitcoin community and therefore we wish to bring it on the bitcoin-one network so it can run without burning electricity. Bitcoin-One would have 3% Annually Stake Reward.
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Premines
Bitcoin-One comes with 92195 Coins premined for it to distribute amongst the Bitcoin-One community.
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Fast transactions
We wanted something really faster so we could solve the scaling issues which previous forks been having all this while Since there is not a single fork or any coin which processes transactions faster and also keeping the coin supply lower we made only 1 confirmation for every 2 blocks so miners can enjoy having speedy transactions and earn coins the meantime.
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Benefits in holding Bitcoin-One
people are encouraged to hold onto their coins as they essentially earn 3% interest which avoids the tragedy of the commons in Bitcoin with Proof of Work. Nodes in the network don’t need to spend time and electricity to solve a mathematical problem to reach a consensus; instead, they place a bet on blocks. When a block is appended to the chain, whoever had placed a bet on it, gets rewarded.
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Coin generation
Coins would be generated using Proof-of-stake method meaning either you could get the coins earlier mining or through the exchange when it launches Although there would be distribution of its pre-mine to the network so the fellow community members would be able to get 1 coin each till we reach 25,000 Members.
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Equality
As coins supply is very limited we will equally divide the premine amongst the community we wanted something new since proof-of-work coins could be manipulated by using special asic mining there could be a future risk of it being controlled by certain group of people we made proof-of-stake with 3% reward for users so users can earn the coin well while keeping the inflation and circulation of coins low.
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51% attack
If the bitcoin network was based on the Proof-of-stake principle, the attacker would need to buy 51% of all the bitcoins, which costs nearly $5 bln dollars, to hack bitcoin. Furthermore, it would be virtually impossible to buy that much considering the limited amount of bitcoins in circulation.The demand to own 51% of the network’s market cap also means that the attacker would have significantly reduced the incentive for the attack and would suffer the most from it since he would be the majority stakeholder in the network.
The problem with alternative currencies is that the network hashrate is likely low when the coin starts up, making an easy target for any potential 51% attacker. With a little hope, a little prayer, a lot of hype, and due to our innovative release, there was a large hashrate from minute one. We hope and believe this will stop any attacks to the network.
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