BCX is a new blockchain that forked from Bitcoin at block height 498888. BCX will leverage new features to enhance the value of the Bitcoin network. The addition of mechanisms such as zero-knowledge proofs, smart contracts, and DPOS will make the BCX network more user-friendly, efficient, reliable, and environmentally friendly, creating a Bitcoin network truly fit for the future society.
Project Vision
BCX also introduces smart contracts, offering greater expansion possibilities. Through smart contracts, speeding up transactions and reducing transaction fees becomes simpler. In terms of security, BCX will introduce zero-knowledge proofs to protect the privacy of traders. Replay protection and unique address functionality ensure that BCX does not pose any risks to investors digital assets during the fork. As a result, BCX can build an ideal Bitcoin network truly suitable for the future society.
Project Highlights
1. High Scalability
Smart contracts offer high efficiency and low fees in real-time transactions and other scenarios.
2. Security and Stability
Based on the Bitcoin network, it provides unparalleled stability, and zero-knowledge proofs protect all your privacy.
3. Cross-Chain Construction
Cross-chain technology and inter-chain data communication are the foundation of the application ecosystem.
Application Scenarios
1. Digital Asset Field
In the BCX network, you can quickly issue assets with a "drag-and-drop" method, making participation easy. It also enables instant exchanges, establishing a complete and effective blockchain contract system for the efficient circulation of digital assets.
2. Value Transfer Applications
BCX will be more open, embracing all existing platforms and networks. Therefore, various types of applications, such as payments, settlements, supply chains, bills, certificates, copyrights, IoT, and games, can be seamlessly realized on the chain.
Technical Overview
BCX chooses to support the Lightning Network, segregated witness, and scaling mechanisms, which have been repeatedly validated as effective ways to increase transaction speed. Additionally, BCX will use the DPOS consensus mechanism, capable of handling thousands of transactions per second and tens of thousands of enterprise-level application requirements.
Through the adoption of the DPOS consensus mechanism, BCX reduces the number of participants in the consensus process, lowering energy consumption, manpower, and transaction fee expenditures, making BCX more practical for circulation as a currency.
BCX uses smart contracts, relying on code to define the obligations and operations between users when executed. This contract also has "ordinary readability," enabling non-programming professionals to easily publish smart contracts on the BCX chain, enriching the diversity of the chains ecosystem.
Regardless of market conditions, caution and rationality should be maintained. BCX launched its mainnet wallet in January 2018 according to the teams goals. While this technical difficulty was not high and relatively easy for a team to achieve, the team released mining methods after developing the wallet. Of course, the technical aspects of this are subject to debate.
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