Who is the king of the future, and BILL will challenge BTC?


Posted May 26, 2021 by botongco

Bill Code, established in July 2019, aims to develop a platform that can optimize blockchain and smart transactions.

 
Bill Code, established in July 2019, aims to develop a platform that can optimize blockchain and smart transactions.The founder of Bill Code wanted to reduce the dependence of blockchain technology on energy through "low energy consumption" at the beginning of the company. Therefore, Bill Password is not only the top password in cryptography, but also the financial password of cryptography + blockchain technology.

So what is the innovation of Bill Code? Let's take a look at the difference between BILL and BTC.

The first point: The BILL wallet is derived from BTC, and the consensus is derived from Burst Coin.BTC (Bitcoin) started in January 2009. After 10 years of iteration, its wallet stability and transaction chain stability have been widely recognized. The deployment of POC consensus on the basis of its QT wallet will be very safe and credible.
BurstCoin started in August 2014. After 4 years of iteration, it was upgraded to POC2 in 2018. The technology is relatively mature and complete. Combining the two, BILL has created a unique CPoC consensus algorithm and has become the most trustworthy public chain at present.

Second point:Bill Code adopts two bookkeeping methods: one is to use the token BILL as a storage medium for value exchange; the other is to exchange for the right of bookkeeping through the competition of multi-dimensional information such as computing power and reputation. This method is conducive to the self-development of smart nodes. , That is, to achieve the true meaning of "those who can do more work."
The transaction records of the two accounting methods need to be broadcast to the entire network to ensure that each participating node has the opportunity to store a copy of the bill. There is no doubt that Bill Code will be more flexible than Bitcoin, which only follows the "Proof of Work" to obtain accounting rights.

The third point:The economic models of BTC and BILL are quite different. Under the CPoC consensus mechanism, Bill Code is less dependent on the energy, and consumes less electricity, and the cost of mining will be much lower than that of Bitcoin.


And because of the existence of Billl Code liquidity mining, most of the currency in circulation is in the hands of miners, which can ensure that the price of the currency will fluctuate within a relatively stable range, or miners may sell due to cost pressure It will be the only possibility to cause large fluctuations in the price of the currency, but we know that BILL mining costs are extremely low, and there should be almost no cost pressure for miners.

While stabilizing the price of BILL coins in the market, liquidity mining will greatly increase the enthusiasm of miners in mining. The amount of currency circulating in the market will not be particularly large in the early stage, which greatly improves the relationship between supply and demand. The greatest benefit That is, the currency price will be relatively high at the beginning of the launch, and the future currency price will show a steady upward trend.

Everyone in the blockchain industry knows that there are only two types of people who can make money in the BTC market: those who have long-term thinking and stick to their beliefs, and those who can keenly grasp market opportunities. For the former, the steady upward trend of the BILL market can almost be asserted, and the long-term stability of the entire BILL market is completely comparable to BTC; for the latter, the existence of liquid mining pools can make them more daring to trade in the market.

We believe that BILL may become the second BTC in the future due to its unique innovation mechanism and technical traction in line with the future.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Global News
Country United States
Categories Blockchain
Last Updated May 26, 2021