why you said that? do you have any reason? i'm just curious here... when i encountered this project, my impression on this coin is just like any other altcoin that uses the popularity of bitcoin and eth. but i don't know what advantage they are presenting on the table???
It appears this person is trolling as his/her past few posts have been bashing other coins. However, we’re happy to touch on your question regarding what advantage we are presenting, as there are quite a few of them in which we go into detail on our site, whitepaper, medium blogs, etc, which you can feel free to read up on after this.
In a nutshell, we don’t believe in the long-term sustainability of Proof of Work, so we will be implementing a Proof of Stake consensus model built atop Bitcoin. Namely, this Proof of Stake model is based off of Ethereum’s Casper protocol as we believe this is the most sound PoS system out there. We believe, as well as Ethereum, that PoS will make the network faster, more efficient, and more secure. Bithereum also understands the benefits of both on-chain and off-chain scaling solutions and will incorporate all-encompassing solutions.
Our goal isn’t to use the popularity of Bitcoin and Ethereum for our own foolish gains, however its to bring together two incredible networks amidst all of the tribalism in the crypto space to bring something of value for all. Most people know the current issues that Bitcoin faces, including scalability, mining centralization, and the constant infighting of the community. These things are detrimental to the future of Bitcoin, and if they go ignored, BTC will most likely not realize its true potential as a P2P global currency. On the other hand, ETH wasn’t designed to be used as a P2P currency, but instead to be used as “fuel” for using dApps and executing smart contracts on its platform.
We love both Bitcoin and Ethereum, and want to provide an outlet for both platforms and help them succeed, so why would we not create something in order to help them both? Bitcoin will take on its new role as digital gold and be a strong store of value, while Ethereum will be used for its true purpose as a worldwide computer than can contain a vast ecosystem of dApps on its platform and bring decentralization to the world. Bithereum will then be here to be the P2P global currency that can bring crypto to the forefront of people all over, especially in countries where their economies are extremely poor and their people will rely on money such as this.
Another important thing to note as an advantage is our full node incentivization. At it’s current state, the ones who run full nodes for Bitcoin or Ethereum do so because they believe in the network, and receive some benefits of privacy. However, neither of these chains provide an incentive for these people to run full nodes like they do with people who mine. Since full nodes are of paramount importance to keep the chain alive, Bithereum is introducing a mechanism called Proof of Uptime which will reward anyone who runs a full node to earn BTH. This isn’t like master nodes where you need to have a X amount of a certain coin, but it’s unique in that anyone in the world who runs a full node will get rewarded.
I hope this answer explained enough of how we’re differentiating from not only Bitcoin and Ethereum, but from the previous forks of Bitcoin as well. We still have quite a ways to go in our development, as this is just the beginning, but we have big plans for the near term and long term future success of Bithereum.
