Convenient payment Global
Project name: Bitcoin Pay Bifurcation height: 499345
Bifurcating time: (UTC+8)December 15, 2017 replay protection: Double direction replay protection
Mining algorithm: CPU mining Whether or not to dig: NO
Proportion of forked currency: 1:1 0 total: 2.1 Billion
Project official network: Project team: Bitflyer
Original Bitcoin POW Mining Model, Original Chain UCOX Model & Data Inheritance,
1:10 Match with Original Chain Assets, 210 million, No Pre-Mining
Technical team (Bitflyer)
The team has launched many new services, including bitcoin trading platform designed by bitFlyer Lightning, Blockchain Lab, chainflyer block chain browser and so on.
Road map
UTC+8 time December 16, 2017 (Provisional) BTC block height 499345 execution fork
Bitcoin pay (BTP) is from Switzerland, Italy, Canada, the United States, Japan, South Korea, six countries formed a joint technical team of the bitcoin pay team and bitcoin flyer team jointly launched bitcoin branch, aims to create a new payment system based on bit gene fast, The global starter is going to be held in Switzerland
Bitcoin POW + Brand-new High Speed Smart Contracts
Lightning Network, Fast Payment
Complete Data Migration, 1Bitcoin : 10 Bitcoin Pay
No Pre-Mining, Stable Currency System Based on Zombie Bitcoin Credit
What is Bitcoin Pay?
Bitcoin Pay is a fork of Bitcoin that occurs at the predetermined height of block499345 and therewith a new chain will be generated as the BTP Bitcoin Pay miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new was created which we call “Bitcoin Pay”.
The purpose of creation of United Bitcoin is to establish a smart credit currency system with smart contracts that can widely serve the society, based on the credit of zombie Bitcoins. United Bitcoin’s credit is 100% based on Bitcoin with addition of credit foundation from several other high quality blockchains, and its gene is 100% inherited from Bitcoin. With the extensibility of smart contracts, the practical application value of United Bitcoin will be greatly enhanced. Bitcoin Pay is a super joint credit carrier with the target of establishing a powerful global network of smart value collaboration under the joint credit of Bitcoin and multiple other digital currencies. It is still Bitcoin, but exceeds Bitcoin.
What is the total amount for Bitcoin Pay(BTP)?
1:10 Match with Original Chain Assets, 210 million, No Pre-Mining
What problems do Bitcoin Pay attempt to solve?
After nine years of rapid development of Bitcoin, high transactions fees and Bitcoin no longer meets the demands from rising numbers of clients. And various kinds of problems have arisen, which mainly consist of the following aspects:
1、The high Transaction Fees has become a great resistance
2、 Slow transaction confirmations
3、 Lack of privacy protection
How to get BTP?
Use any address of an on-chain wallet (that can export your private key) to deposit Bitcoins to your own address.
when UTC+8 time December 16, 2017, BTC block height 499345 execution fork,
After the fork, your BTC is freely usable again, however we recommend to wait at least 100 blocks before using your BTC for something else.
For safety, after the fork, transfer the coins in your Bitcoin wallet to another wallet and import the private key to your BTP wallet. You will then be able to see your balance and start using the BTP.
Technical team