Greetings Friends;
In this article I'll write about BitcoinPow(BTCW), a project created to rescue the essence of Bitcoin, which in this case would be decentralization, with the same possibility for everyone and making it impossible to create pools that force the centralization of any project. These ideas came about because the developers and members of the community understood that over the years and with the evolution of the Bitcoin advent, the centralization of supply and psychinas increasing every day on an equivalent scale. This is due to a number of factors, such as:
- Appreciation in the derivatives and futures markets.
- The constant increase in energy in certain countries (mining powers)
- Bans by the world's major organizations, which have a "political" effect on the entire crypto ecosystem.
In continuity... another point that forced the development of this project is the fact of the large energy consumption, which directly affects the ambition of miners who increase or decrease their computing power and this scale expands between small and large mining centers spread across the planet. In practice, this issue is hotly debated every day in forums and by the world's governments. Currently, the mining industry is very prosperous, but just as it's prosperous, it's expensive and very costly. Therefore, in the final sum there is a deficit that sooner or later the bill will arrive due to the great fluctuation of prices based on the Dollar(USDT).
What is BitcoinPow? Why is this Project Different from Others?
BitcoinPoW(BTCW) is a cryptocurrency and a version of Bitcoin that uses Proof-of-work(PoW) and Proof-of-Transaction(PoT) to verify blocks and completely removes the centralization of mining pools. In practical terms, its concept is to revolutionize and decentralize its internal market, providing equality and the same possibility for everyone, making it impossible to accumulate large centers. Now turning to the technical aspect, its block rewards are distributed in a unique way that allows people to mine with less powerful hardware(CPU). On the other hand, the combination of PoW and PoT creates a single consensus that avoids the formation of pools and makes your block more expansive, allowing for larger amounts to be sent.
What is PoT(Proof-of-Transactions)?
It is a consensus that allows all staked transactions to have an equal chance of solving a mining equation. This is what differentiates it from the term PoS, where all staked amounts are treated equally, thus configuring the term PoT.
Back to the full concept of the BitcoinPow (BTCW) project.. Your mining is solo and everyone will mine according to their personal power. All wallets are forced to mine on their own, according to their personal power and creating unshakeable decentralization. In terms of security, by adding up the combinations of these consensus, we find stability because it is almost impossible to attack 51% of the network, due to the fact that there are no power aggregations between pools. Now I ask you? Is BitcoinPow(BTCW) Satoshi's dream or not? A one-node system with simple P2P where everyone can use the system without worrying about centralization.
In the final thought: The problem is not the pool but the desire to control everything... It's worth reflecting.
Benefits of Solo Mining
In addition to providing total security for you and those who carry out the mining, individual mining provides a higher return in the medium and short term when compared to pool mining. We know that the rewards increase over time due to the elimination of the need to pay fees for pools and their transactions. Another important detail of this practice is that with solo mining everyone is free from the time and settings limits of any pool. Finally, the main, most significant and attractive advantage of solo mining is being the sole owner of large amounts of rewards where you "hit" an entire block and there is also no interference, keeping the infrastructure in business for longer.
A Community Open to all Segments !!!
When we think about the possibility of a community's expansion and prosperity, we think directly about several factors, but to mention them all would make this article too long. However, there are necessary connections that bring these factors together:
- Developers
- Sympathizers
- Agents with internal functions
- Investors
Now the main factors are commitment, development, progression, decentralization, expansion and, above all, adherence. Each of these factors contributes significantly to a project and the higher the index of excellence, the greater the success.
So with the above in mind, how can BitcoinPow(BTCW) become a community of excellence? First of all, its foundation and ideal will be the key that separates the wheat from the chaff, and what does that mean? It means that since it's a PoW and PoT project with the aim of making it impossible to create psychines, it can't provide a centralized community because it's outside the developers' internal guidelines. Therefore, the entire community can participate with opinions and discussions to decide on a future that is suitable and adapted to any situation, and that is what a community is all about. We must understand that Developers, Managers and Moderators are only instruments of alignment and efficiency that adjust the entire ecosystem, but it is the entire community that controls the trajectory, starting from an ordinary sympathetic member to large investors.
Your presence in the community is important and will help BitcoinPow take satoshi's idea forward without hindering his creative work.
BitcoinPow Specifications:
Coin
Name: BitcoinPow
Symbol: BTCW
Algo: PoW/PoT CPU
Circulation Supply: 959,650
Total Supply: 21,000,000
Trocas
Conclusion
This article is just an introduction and motivation where the focus is on the project concept. Now, if you are looking for technical terms, I recommend that you access the links at the end of the article to find out more and be part of the community.
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