Cryptocurrency

03/11/18 03:38 UTC-4

Bitcoinereum (BTCM): "selection" of Ethereum and Bitcoin

Bitcoinereum: “selection” of Ethereum and Bitcoin
Bitcoinereum: “selection” of Ethereum and Bitcoin

Bitcoinereum (BTCM) is a tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
with the slogan – "No ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
!". The developers claim that the token will allow users to mine coins without specialized equipment. The process is implemented by simulating the Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
mechanism, but on the Ethereum blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
.

Bitcoinereum token was created in 2017 using the ERC-20 protocol. Its mining system mimics the mechanism of mining of coins in the Ethereum blockchain, which is used to create Bitcoin.

Distinguished: instead of using mining equipment, users "just have to select a specific smart-contract function and get a Bitcoinereum token." According to the development team, the only thing to get Bitcoinereum tokens is a few ETH coins in their wallets that will be used only to pay commission on the Ethereum network.

 

More in the overview "Ethereum – one of the most authoritative criptocurrensies"

 

According to Cointelegraph.com, the developers of Bitcoinereum were able to make the extraction of tokens simpler, but it is still unknown if the project will be in demand and promising.

"We've turned Bitcoin mining into a smart - contract." – bitcoinereum.com

The reward for each Bitcoinereum block is similar to the Bitcoin accrual system. Every 10 minutes, the system generates a block, for which now you can get 50 coins. In this case, the number of coins will be constantly reduced.

Coin mining is carried out due to certain functions in the Ether's smart - contract. Today, each ETH owner can activate the mining function in his contract and immediately receive the first BTCM. Activation has time limits: in 10 minutes it can be done a maximum of 50 times. As you know, the developers have made a reservation that in the future restrictions on the amount of coins for one user will be introduced.

 

Bitcoin Details HERE

 

To date, over 100 thousand BTCM tokens have been generated. The token will be produced in limited quantities, it is planned – 21 million coins.

Editor: Yuliya Soroka

See also: "Sony announced the creation of a contactless local wallet for cryptocurrency"

#Bitcoinereum #BTCM #selection #Ethereum #Bitcoin

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