Bitcoin’s Parallel Ecosystem – Claim Your Bitcoin Parallel (BCP) and Bitcoin Parallel Clearing (BCPC) on February 12th 2018
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Looking back the development of Bitcoin in the past 9 years, there have been problems such as privacy protection, slow transaction speed and high transfer fees due to increased users and network effects. The scalability debate in recent years has greatly slowed the development of the Bitcoin community.
Though a number of Bitcoin forks claim to be addressing some of the problems, most focus on one single problem. By diving into Satoshi Nakamoto’s white paper and reflecting on the existing ecosystem with the envision of the blockchain ecosystem in the future, we put forward Bitcoin Parallel, a concept of virtual currency ecological chain in parallel blockchains.
Bitcoin Parallel, or BCP for short, a brand new public chain rather than a fork, is the next generation of decentralized global parallel blockchain ecosystem with a total supply of 21 million. With the six major characteristics of blockchain: shared ledger, consensus mechanisms, traceability, tamper-proof, immutability of completed transactions and smart contracts, BCP completely inherits the idea of Satoshi Nakamoto, but adopts a more optimized algorithm for PoW (Proof-of-Work). With the same 21 million circulation limit and the same 4-year reward halving mining schedule with BTC, BCP raises the block generation speed from 10 minutes to 2 and half minutes. It also plans to utilize an optimized CryptoNight algorithm that will revolutionize the current crypto system. Instead of having large mining pools of over 51% GPU hash power threatening BTC, there will be a BCP society and opportunities will be given back to the global P2P individuals with CPU. As the main chain, BCP undertakes the asset routing function of the entire ecosystem
link: https://news.bitcoin.com/pr-bitcoins-parallel-ecosystem-claim-your-bitcoin-parallel-bcp-and-bitcoin-parallel-clearing-bcpc-on-february-12th-2018/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications