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Author Topic: [ANN] Bithereum (BTH) - Hard-Spork - Bitcoin hard-fork, Ethereum hard-spoon  (Read 27974 times)
Bithereum Network
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July 24, 2018, 02:46:36 PM
Last edit: June 03, 2019, 05:48:30 PM by Bithereum Network
Merited by xCoinFactory (1)
 #1

Website: https://bithereum.network/

Proof-of-Uptime: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

Mining stats: https://miningpoolstats.stream/bithereum

Mining profitability: https://4miners.pro/cryptocurrencies/item/323-Bithereum-BTH-Equihash_144-calculator


6/3/19 UPDATES:

Explorer

     Insight: https://insight.bithereum.network/
     Insight 2: http://insight2.bithereum.network/

Wallets

     Core (Full node): https://github.com/BTHPOS/BTH/releases (Windows, Mac, Linux)
     Electrum: https://github.com/BTHPOS/electrum
     Guarda: https://guarda.co/
     ZelCore: https://zelcore.io
     Vidulum: https://vidulum.app/

Mining Pools

     BTH Pool: http://pool.bithereum.network/
     AltPool: http://bth.altpool.pro/
     Equihub: https://bth.equihub.pro/
     AltcoinZONE: http://bth.altcoinzone.xyz/
     BTHmine: https://bthmine.site
     ZPool: https://zpool.ca/
     Zergpool: https://zergpool.com/
     Skypool: http://bth.skypool.co/

Exchanges

     STEX: https://app.stex.com/en/trade/pair/BTC/BTH/1D
     P2PB2B: https://p2pb2b.io/trade/BTH_BTC
     InstantBitex: https://instantbitex.com/trade/pair/BTH_BTC
     Lescovex: https://lescovex.com/markets/bthbtc
    
     BTH on CREX24 is NOT US! Do NOT trade Bithereum on CREX24 or you will lose your money.



About Bithereum

Bithereum is a coin that is created via forking the Bitcoin blockchain. BTH will function as a peer-to-peer electronic cash system similar to Bitcoin, however it will fuse with the technological roadmap of Ethereum to create a more technologically advanced version of Bitcoin which is structured around a PoS-influenced node incentive model called PoU, or Proof-of-Uptime.

The current issues plaguing Bitcoin are the community schism, scalability, and the rise of the mining cartel. The deep divide has pitted the once strong community against each other with no common ground on solutions for any of the current/future issues. In addition, the rise of ASICs and the 4 mining pools that dominate 61% of the hashpower create a level of centralization in consensus. Instead of sparring over on-chain and off-chain scaling solutions, Bithereum recognizes the importance of both, and will incorporate all-encompassing solutions.

Bithereum essentially creates an outlet for both Bitcoin and Ethereum, allowing BTC to take on its new role as digital gold, and allowing ETH to be used for its true purpose, as fuel for a worldwide computer that can contain a vast ecosystem of dApps on its platform. With the harmonization of Ethereum’s technology and Bitcoin’s vision, Bithereum will bring together the best of the two leading cryptocurrencies to create an unparalleled peer-to-peer digital currency.



The World's First Hard Spork

Bithereum is a coin that benefits both chains, becoming the first hard spork of its kind. Bitcoin was first hard-forked to make changes to the protocol, while Ethereum was hard spooned by taking a snapshot of the existing account balances of ETH holders to reward them in Bithereum. As BTH utilizes a significant portion of Ethereum's vision, unlike all of the other BTC forks, we will also be awarding all ETH holders with coins.



Proof of Uptime - Full Node Rewards

Bithereum rewards ANYONE who runs a BTH node, similar to how miners get rewarded for their work in every Proof-of-Work algorithm. We are officially introducing a new concept coined by the Bithereum Team, called “Proof-of-Uptime”, or PoU. In every other PoW system, including Bitcoin and Ethereum, there are a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

Everyone who runs a Bithereum node will be rewarded. The amount each full node will be awarded with will be based on their node’s uptime; the higher amount of uptime a node has, the higher their reward payout will be, however even a minuscule amount of uptime will generate at least some reward.

Check out our Proof-of-Uptime blog for more info: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

Community members guide to running a full node on Windows and Linux: https://bthfaq.com/



Redemption

Bithereum has introduced a mechanism that will give both BTC and ETH holders the ability to redeem BTH regardless of which chain their holdings reside on and with minimal work for each holder. Since we will be utilizing a significant portion of Ethereum’s vision, we want to give Ether holders the ability to stake their coins in the future as well. All ETH will be redeemable at the ETH:BTC price ratio at the time of the spork. The price ratio was 38:1, so for every 38 ETH you have, you can receive 1 BTH.

Since BTH will start out as a direct descendent of BTC, all BTC holders will be able to claim their BTH in the same way they would with any other fork of Bitcoin. Bitcoin holders will be able to redeem BTH at a 1:1 ratio with BTC.

Redemption distribution for ETH holders will happen at some point in the future. Stay up to date by joining our communication channels.

For our definitive guide to redeem BTH for both BTC and ETH holders you can refer here: https://medium.com/bithereum-network/btc-eth-holder-redemption-guide-for-bth-72d6632b04af.

More about the hard-spoon: https://medium.com/bithereum-network/bithereums-hard-spoon-snapshot-is-complete-c1814024ea9a



Improved Consensus

Blockchain is built behind the idea of a consensus network and the divide within BTC has hindered this. PoU prioritizes consensus in the blockchain.



Democratization

BTH began mining through an Equihash <144,5> Proof of Work algorithm, a democratized mining structure that brings mining back to GPUs.



Scalability

Rather than relying on one solution, BTH utilizes a multitude of scaling solutions including increased blocksize, segregated witness, Lightning Network, all the while exploring the future roadmap of Ethereum (Sharding, Plasma, etc.)



Replay Protection

A complete two-way replay protection mechanism will be implemented to ensure that holders transact on the correct chain.



Community

Github: https://github.com/BTHPOS
Discord: https://discord.gg/wbsnuGN
Twitter: https://twitter.com/BithereumBTH
Facebook: https://www.facebook.com/BithereumBTH
Medium: https://medium.com/@bithereumnetwork
Telegram: https://t.me/BithereumNetwork
LinkedIn: https://www.linkedin.com/company/bithereumnetwork/
1579508376
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July 24, 2018, 04:45:30 PM
Last edit: July 24, 2018, 04:58:32 PM by imad07mos
 #2

Good project .

Opened my first bth wallet  Smiley

1FGq1V1ntc4CytxGEdnuCku2USa3of6AsG

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July 24, 2018, 05:05:13 PM
 #3

Great project. I believe in the project of luck and trust in all the participants.
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July 24, 2018, 06:06:54 PM
 #4

Land disputes are a big problem in many countries. It is great, that you are trying to solve it. I wish you good luck with this operation.
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July 24, 2018, 06:12:55 PM
 #5

I like the distribution structure of this coin 1 BTH will be equal to 10 ETH and will be distributed to BTC holders 1 : 1 but what is about exchange support you in touch with anyone who will support this hybrid fork. I have some on an exchange so I have to move them before this hard fork.
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July 24, 2018, 07:02:03 PM
 #6

Thanks for the positive feedback! For pools, we're working on a fork of ZNOMP which will allow the community to run their own pools. It will be up on github in the coming weeks. As for exchanges, we will be engaging with many as we get closer to the launch and have our testnet fully up. For now, the best way to guarantee redemption is by redeeming via a 0 ETH transaction through a non-exchange wallet at https://bithereum.network/ethredeem. There are tutorials for each major eth wallet. We will post updates in regards to exchanges as we get closer to launch.
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July 25, 2018, 09:06:34 AM
 #7

Is it only POS coin?
Quaglia
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July 25, 2018, 09:17:37 AM
 #8

This sounds like a quite clever idea, however I am still failing to grasp its usefulness, except for it being the nth FIAT-CRYPTO process, aka the creation of new free crypto money from nothing for no clear reason Smiley

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July 25, 2018, 09:18:40 AM
 #9

I like the distribution structure of this coin 1 BTH will be equal to 10 ETH and will be distributed to BTC holders 1 : 1 but what is about exchange support you in touch with anyone who will support this hybrid fork. I have some on an exchange so I have to move them before this hard fork.

wondering that also. maybe need to read more about this project and check for the procedures to follow. i hope, they are supporting some of the exchanges as i dont want to move my btc just for this. otherwise, let go the bth distribution..
and do you really have physical office in dubai as stated from your website? might want to tap my friends over there to check you out guys.




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FIND OUT MORE AT MINTDICE.COM
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July 26, 2018, 09:06:42 AM
 #10

But question about POS without an answer.
Bithereum Network
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July 26, 2018, 08:15:06 PM
 #11

Is it only POS coin?

We have a detailed plan on how we will implement a Casper-like Proof of Stake (with slashing conditions) atop a modified version of Bitcoin using various opcodes. However, we will first start with an Equihash 144,5 PoW algorithm before transitioning into full PoS. More detail can be found in our whitepaper!
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July 27, 2018, 09:40:16 AM
 #12

Thank you for an answer.
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July 27, 2018, 09:45:32 AM
 #13

this should be a very promising coin of the future
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July 28, 2018, 06:22:39 AM
 #14

when time for mining this coin..already have a wallet 15CSxddpFkXWoFS6fgeqJcoqz9RRw7vzk7
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July 30, 2018, 05:59:04 PM
 #15

Thank you for all of the continued interest! Our first blog is up on Medium and stay tuned for announcements regarding our bounty coming very soon!

https://medium.com/bithereum-network/the-worlds-first-hard-spork-to-revolutionize-crypto-mining-6f9cd52f34f6
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🔰FERRUM NETWORK🔰


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July 30, 2018, 06:09:03 PM
 #16

A good idea is to create a hybrid of bitcoin and etherium. But, I would like to see in the coin one more function in my opinion. High anonymity of transactions. In this case, hackers will find it more difficult to act.


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Ferrum Network • Interoperability Network for Financial Applications
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July 30, 2018, 06:14:13 PM
 #17

I am very interested in the idea of Bithereum. If Bithereum can create the harmony of BTC and ETH, this is the electronic currency that the community is waiting for. You can share Bithereum's outstanding features compared to other electronic coins. And how effective for the great user?
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July 30, 2018, 06:42:51 PM
 #18

Bithereum will introduce a mechanism that will give both BTC and ETH holders the ability to redeem BTH regardless of which chain their holdings reside on and with minimal work for each holder. Since we will be utilizing a significant portion of Ethereum’s vision, we want to give Ether holders the ability to stake their coins in the future as well. All ETH will be redeemable at a price ratio of ETH:BTC at the time of the spork (i.e if the ratio is 10:1 and you have 10 ETH, you can redeem 1 BTH.)


Can you please give more information about team members ?

Or they are just usual anon top secret ....

Our team members can be found on our website http://bithereum.network/team. We are also working with a number of developers and will be continually expanding our team.
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StepChain, A Responsible Fitness App Additional In


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August 03, 2018, 05:08:45 PM
 #19

this project will be more sophisticated than bitcoin, how it will be applied, this sounds interesting, I haven't studied too far about your project. this looks like a combination of Bitcoin and Ethereum. Shocked Shocked

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August 03, 2018, 05:14:31 PM
 #20

interesting project, excellent harmonization, I am very curious about the exchange used and the listing price, this will be a project that has the potential to have a high price

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