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Some Quick Facts login Web Hosting
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Cryptographic proof instead of trust
login (BGH), An electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Bitcoin Classic with the symbol of “BGH”, is a digital currency set out by the great Satoshi Nakamoto, can be sent directly from person to person (peer-to-peer) via the net without need for a financial institution. Building a token economy that can be used by anyone, conveniently and naturally as part of daily life, replacing most international payment system in the world with a better user experience.
In blockchain, a hard fork is a change to a cryptographic protocol that causes a permanent divergence from the previous version. Users adopt the new protocol (fork to the new chain) with their own unique history, nodes and protocols. login nodes were once a part of the Bitcoin blockchain. Bitcoin Classic(BGH) is a fork of Bitcoin. BGH is a cryptocurrency with its own blockchain. It works as a POW network and new BGH is created through BGH mining.
The Proof- of work
login brings a low-cost, safe and reliable payment method to merchants and users. It propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof- of work. Classic is a fork of Bitcoin that occurs at the block height of block 630,000 and therewith a new chain is generated as the BGH.
Classic miners begins creating blocks with a new proof-of-work algorithm, and will consecutively develop and improve the transaction speed based on original features of BTC. This causes a hard fork of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch splits off from the original chain. Bitcoin Classic shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges.
login is a peer to peer electronic cash system created Satoshi Nakamoto. It was first detailed in the Bitcoin Whitepaper in October 2008, and the source code was released in January 2009. The Bitcoin ledger and Block chain were established with the generation of the Genesis block on the 3rd of January 2009 and the mining of Block 1 six days later on the 9th of January 2009. Bitcoin allows electronic payments to be sent directly from one party to another, without requiring a central institution or server to process transactions and/or store funds.
The leaderless structure of the network is viewed as a resolution to The Byzantine Generals Problem allowing disconnected entities to follow a common direction without centralized instruction. This solves several issues previously seen as unsolvable in distributed networks, including the problem of preventing Double-spending of coins.