C-Bit Offers Bitcoin Classic a Block-Size Solution
C-bit is pleased to announce its official launch; An exact clone of Bitcoin Core .12 with a 2-Meg block-size already built into the source code. C-bit negates the need for a Bitcoin Core Hard Fork.
C-bit is pleased to announce the k is now stable and the coin is functioning as designed. C-bit is designed to specifically end the debate over the block-size issue between Bitcoin Core and Bitcoin Classic, and is fully compatible with Bitcoin Core .12.
C-bit is an exact clone of Bitcoin Core .12, to date, but already has the 2-Meg block-size built into the source code, negating the need for a Bitcoin Core Hard Fork. With this new coin, the debate over whether Bitcoin Classic should any longer be forcing Bitcoin Core to convert, is over. Bitcoin Classic now has a coin at its immediate disposal that is tailor-made for its stated purposes and meets all of its requirements. If Bitcoin Classic wants Bitcoin Core with a 2-Meg block-size, then C-bit fits the bill, and is ready to do business with Bitcoin Classic.
Again, the new coin is an exact clone of Bitcoin Core .12 . The source code is the same. All updates to Bitcoin are evaluated by our development team, then added to C-bit as they occur. As Bitcoin Core grows, C-bit grows. There are no structural differences between the Bitcoin Core Source Code and the C-bit Source Code.
“C-bit” , the new crypto-currency, can be found at: http://www.btc-bit.com/
However, 2 parameters are different: the size of the blocks and the max number of coins. Bitcoin has 1-Meg blocks, whereas C-bit has 2-Meg blocks. Also, Bitcoin will have 21 Million coins total, and C-bit will have 210 Million coins. Instead of 50 coins per block, the C-bit network produces 500 coins per block. The timing of blocks is the same. This makes C-bit potentially someday worth 10% of Bitcoins price. If Bitcoin is the $100 bill, then C-bit is the $10 bill. C-bit could be the “walking around” change.
The design theory of C-bit is to keep Bitcoin the decentralized “Central Bank”; i.e., a Central vault or the holder of wealth and a central storage of documents. C-bit can now become a system similar to smaller banks that act like branches to the Central Bank.
This smaller bank system will become more directly connected to Merchants and individual cash transfers and payment systems. The C-bit development team is already developing the payment and clearing systems to allow transactions between Merchants and individuals using C-bit. However, this system will not be launched until the Coin can mature in the marketplace.
In addition, the C-bit Development team is working on Helix Technology, a promising project that could combine both Bitcoin and C-bit together into a DNA-type structure. This structure has promise to vastly increase the speed, power, and memory capacity of the resulting intertwined Bitcoin and C-bit Blockchains.
To learn more about C-bit please go to: http://btc-bit.com/
City and Country Location: Atlanta, GA, USA
Related News
Chinese miners would not need to worry about explosive block size growth either, as the maximum rate of growth is capped at twice the previous size. There will be no jumps from 1MB blocks to 2MB blocks and then suddenly increasing to 8 MB. This should give the local Internet infrastructure enough time to ramp up the overall network speed and [try to] get rid of data caps. For those people looking to see the Bitcoin block size debate coming to an end, that will not be happening anytime soon, unfortunately. Things have gotten more interesting a few weeks ago when rumours....
The ongoing Bitcoin block size debate has been a source for a fair bit of controversy and discussion in recent months, but it finally looks like a decision is just around the corner. With Bitcoin Core having to address some security concerns regarding segwit, and Bitcoin Classic going into beta testing today, developers are off to the races to compile a properly secured block size solution. Antpool is upping the game by announcing beta testing of Bitcoin Classic. Antpool Starts Bitcoin Classic Beta Trial. It was only a matter of time until the Bitcoin Classic proposal started showing what....
It is important to note these details are not officially confirmed by any of the Chinese mining pools right now. For those people who assumed the Bitcoin block size debate was settled once and for all, bust open the popcorn yet again. Chinese mining pools are colluding to hard fork and support 2MB blocks. In doing so, they would go against everything Bitcoin Core has been working on so far, and use Bitcoin Classic instead. The Bitcoin block size debacle has been a source of great controversy for nearly a year now. Many experts feel the Bitcoin block size needs to be increased, yet there....
The ongoing Bitcoin block size debacle has been captivating the community for several months now, and developers are still no step closer to coming up with a solution through consensus. A new project, called Bitcoin Classic, wants to bring back democracy in the Bitcoin development world. By keeping the central principles envisioned by Satoshi Nakamoto at....
While the war between Bitcoin Core and Bitcoin Classic enthusiasts is far from over, the entire digital currency landscape is slowly starting to change. Most people assumed bitcoin ATMs would not take sides in this debate, but it looks like a mind shift is taking place in this segment as well. A total of five Bitcoin ATM operators in North America has switched from Bitcoin Core to Bitcoin Classic, a decision affecting a total of 29 machines. Operating A Bitcoin ATM During The Block Size Debate. When thinking of a Bitcoin ATM, hardly anyone gives the concept of which wallet software....