What Is Bitcoin 2 (BTC2)?
Anybody with a computer can stake to earn money and contribute to running the blockchain. Bitcoin 2 uses a unique, secure Proof of Stake algorithm. Greatly reducing electricity use compared to other cryptocurrencies. Besides Cosmos, for direct cross-communication with other chains like Ethereum, EOS, Tronx, etc., corresponding 2-way bridges must be built. Polka Foundry Blockchain’s smart contract system is capable of building this kind of bridge. Because this is not specific to Polka Foundry blockchain, this paper will not discuss it in detail.
Ones who are interested may refer to Kyber Network’s Waterloo Bridge and other similar solutions for reference and inspiration. The advantage is that, due to the compactness of Tender mint light client proofs, you do not need to sync Polka Foundry block headers to the other chain, just keep track of the changes of its validator set. This Bitcoin 2 way bridge between Polka Foundry and chains like EOS very cost-effective.
Bitcoin 2 Storage Key Points
|Coin Name||Bitcoin 2|
|Circulating Supply||17,954,210.60 BTC2|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
You can buy or sell Bitcoin 2 in any of the below exchanges. Stakecube requires 3 confirmations for deposits and has an active worldwide BTC2 market. No KYC. Trading Pairs BTC, USDT, USDC, ETH, LTC, Doge, SCC, Dash. Crex24 requires 125 confirmations for deposits and is unavailable in EU/US/UK/CA/IL/AU/RU/SG etc. You may not modify, copy, reproduce or publish in any manner the material on this website which includes text, graphics, html, or anything else without written approval.
However, you have the right to use up to 50% of the text on any page of this website and the Bitcoin 2 logo for the purposes of informing users about or describing Bitcoin. Bitcoin 2 provides software and access to transacting on the Bitcoin 2 blockchain on a best effort basis. bitc2.org is not liable for any losses you may incur by using the information or services or software available on this website or linked to by this website.
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After releasing to the main net and running stably, the governance of Polka Foundry blockchain will be transferred to Polka Foundry Foundation, a non-profit organization. The governance rules of Polka Foundry are designed with the following goals in mind. During the childhood period (first 12 months from the main net release), everyone can propose but only validators vote. The voting power of a validator is the sum of its own stake and the combined stake others delegate to it. The voting period is short. Part of the validator’s deposit is slashed if it does not vote in time.
After the childhood period, the Bitcoin 2 enters a mature one. The voting period takes longer. Everyone can explicitly vote or delegate its stake to a validator. Changes to the blockchain are requested in the form of proposals. People must deposit a sufficient amount to back the proposal before it becomes eligible for voting.
Blockchain Parameter Changes
This includes block size, block time, number of validators, ratios of transaction fees awarded to Bitcoin 2, whitelisted libraries, etc. Some parameters require only validators to vote (e.g. blacklist a smart contract) while others open to all stakeholders (e.g. change compensation ratio). These parameters can be changed automatically after the proposal passes (i.e. this type of proposal does not require a software update).