About BitcoinHD (BHD)
BitcoinHD (BHD) genesis block was mined. it initiated a new mining method, and first month of unconditional storage mining started conditional cPOC experiment. On May 13, 2019, the dynamic cooperation mining model was launched, and the calculation power of the whole network has increased smoothly. when the whole network computing power enters a positive growth cycle, adds elastic economic model according to the community consensus Capacity size reaches 3000P, implements zero knowledge function, improves TPS Capacity size reaches 6000P, upgrades cPOC consensus Capacity size reaches 10000P, builds the stable currency system using capacity as standard, services for the application layer
Building an energy-saving and environment-friendly mining structure is the BHD team’s vision. Burst-based Plot data, early capacity collection can be achieved without any additional waste of hard disk/power resources. Sufficient time is allowed to develop new Plot formats and file storage schemes while ensuring network and transaction security.
BitcoinHD (BHD) Storage Key Points
|Circulating Supply||6,083,016.35 BHD|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
When numerous resources are being used in the mining procedure and costs are gradually increasing, crypto currency enthusiasts have started looking for alternatives to lower power consumption in two different ways: either using new consensus to lower energy cost or using more general apparatus to lower the cost of mass production. The golden age of ASIC mining device and anti-ASIC algorithm implementation had come. The original intention of Ethereum and Monero was to resist ASIC, using a different non-ASIC-friendly consensus to keep the system away from ASIC manufacturers’ manipulation while keeping the energy consumption low. However after a period of time, ASIC manufacturers still found ways to design devices that would work with the corresponding algorithm. Among those ASIC ones, Litecoin has to be mentioned. It started with Scrypt which is an anti-ASIC mining algorithm, and soon ASIC manufacturers started producing ASIC mining devices that could work with Scryp
Why Does BHD Appear Now?
It is the existence of the above four problems that made BHD come into being. As the number of crypto enthusiasts increases, the idea of decentralization has gotten bigger. Of course, everyone who is in the industry wants to be able to benefit. As Bitcoin ‘s energy consumption is increasing each day, mining machine manufacturers are becoming more centralized. The crypto currencies based on PoC is in more demand now than ever. In addition, PoC consensus mechanism guarantees that the difficulty level can be quickly controlled, accumulate enough to maintain the normal operation of the system, and reward the transactions. BHD is superior to the existing crypto currencies in all the above areas. Its technology has been improved on the basis of Burst, and completely surpasses many other crypto currencies in technical and community dimensions. Compared to the overhead energy assurance algorithm, we believe that low power consumption can also give the algorithm enough credit to ensure that everyone can use crypto currency in the future in more scenarios
BHD ‘s Technical Solution
BHD uses PoC as the basis of its consensus mechanism, it ensures sound development of the entire crypto currency by designing a long-term incentive economic model. At the same time, it has made some improvements to the existing PoC and upgraded it to the CPoC consensus In the first month, after mining of the genesis block, miner can mine with no condition limitation. From the second month onwards, the 30% return that does not meet the conditional capacity mining revenue remains the same.
For the remaining 70%, 43% is directly accumulated to the next eligible conditional address, and the remaining 27% is allocated to the BHD Development Foundation. For every 33,600 blocks (about 10 weeks) after, the BHD Development Foundation’s revenue will be reduced by 2%, and the partial accumulation will be reduced to the next block that meets the conditions for mining. By the first halving, the BHD Foundation’s revenue will be reduced to 5% and stay at that amount. 65% of the income that does not meet the conditional capacity mining will accumulating to the next block that meets the conditional mining; If the conditions are satisfied, miner would get 95% of the mining reward, then the 5% remaining reward would go to the foundation for marketing