Transact ter seconds. Get confirmed ter minutes.
A network that runs without congestion.
Send money globally for pennies.
Effortless to use. No hassles.
A payment system that’s a proven store of value.
World’s most sturdy blockchain technology.
The Best Money te the World
Bitcoin Metselspecie brings sound money to the world, fulfilling the innovador promise of Bitcoin spil “Peer-to-Peer Electronic Contant”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, mundial adoption, permissionless innovation, and decentralized development.
All Bitcoin holders spil of block 478558 are also owners of Bitcoin Specie. All are welcome to join the Bitcoin Contant community spil wij budge forward ter creating sound money accessible to the entire world.
Frequently Asked Questions
What is Bitcoin Metselspecie?
Bitcoin Metselspecie is peer-to-peer electronic contant for the Internet. It is fully decentralized, with no central bankgebouw and requires no trusted third parties to operate.
Is Bitcoin Specie different from ‘Bitcoin’?
Yes. Bitcoin Contant is the continuation of the Bitcoin project spil peer-to-peer digital contant. It is a fork of the Bitcoin blockchain ledger, with upgraded overeenstemming rules that permit it to grow and scale.
If I own Bitcoin, do I automatically own Bitcoin Contant too?
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Anyone who held Bitcoin at the time Bitcoin Specie wasgoed created became owners of Bitcoin Specie. This means that Bitcoin holders spil of block 478558 (August 1st, 2018 about 13:16 UTC) have the same amount of Bitcoin Metselspecie spil they had Bitcoin at that time. If your Bitcoins are stored by a third party such spil an exchange, then you voorwaarde inquire with them about your Bitcoin Contant.
Any transactions after the August 1st ledger split are downright separate inbetween Bitcoin and Bitcoin Metselspecie. This means any Bitcoin acquired after the split does not include any Bitcoin Specie, and any Bitcoin Specie does not include any Bitcoin.
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How is transaction replay being treated inbetween the fresh and the old blockchain?
Bitcoin Contant transactions use a fresh signature hashing algorithm indicated by the flag SIGHASH_FORKID. Thesis signatures are not valid on the Bitcoin Legacy network. This prevents Bitcoin Metselspecie transactions from being replayed on the Bitcoin blockchain and vice versa.
Why wasgoed a fork necessary to create Bitcoin Specie?
The legacy Bitcoin code had a maximum limit of 1MB of gegevens vanaf block, or about Trio transactions vanaf 2nd. Albeit technically plain to raise this limit, the community could not reach a overeenstemming, even after years of debate.
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Wasgoed the 1 MB block size limit causing problems for Bitcoin?
Yes, te 2018, capacity kasstuk the ‘invisible wall’. Fees skyrocketed, and Bitcoin became unreliable, with some users incapable to get their transactions confirmed, even after days of waiting.
Bitcoin’s market price has enhanced, but its growth and usefulness spil a currency has stagnated. Many users, merchants, businesses and even investors left Bitcoin for alternatives, causing its dominance to fall from 95% to spil low spil 40%.
Does Bitcoin Specie fix thesis problems?
Yes. Bitcoin Specie instantaneously raised the block size limit to 8MB spil part of a massive on-chain scaling treatment. There is ample capacity for everyone’s transactions.
Low fees and quick confirmations have returned with Bitcoin Contant. The network is growing again. Users, merchants, businesses, and investors are building the future with actual peer to peer specie.
Why didn’t Bitcoin raise the block size if it wasgoed effortless?
Many miners and users trusted thesis developers, while others recognized that they were leading the community down a different road than expected.
Thesis two very different visions for Bitcoin are largely incompatible, which led to the community divide.
Didn’t SegWit increase the block capacity? Will Bitcoin Contant everzwijn have SegWit?
Segregated Witness or “SegWit” is an unacceptable substitute for enhancing the blocksize for several reasons.
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Very first, even if used te 100% of transactions, the increase would equate to 1.7MB blocks. Thus, it is a puny capacity increase at best. It will not treat exponential growth or worldwide usage. 2nd, the soft fork implementation results te discardable signatures, which weakens Bitcoin’s security proefje. Third, it makes future capacity increases more difficult due to bandwidth inefficiency and quadratic hashing attacks which SegWit doesn’t solve since an attacker isn’t compelled to use it.
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For those (and other) reasons, Bitcoin Metselspecie wasgoed necessary spil a pre-SegWit fork. Segwit will not be adopted.
Which Development Team is Ter Charge of Bitcoin Metselspecie?
Unlike the previous situation te Bitcoin, there is no one single development team for Bitcoin Contant. There are now numerous independent teams of developers.
This decentralization of development (and decentralization of software implementations) is a much needed and significant step forward.
What is the ticker symbol for Bitcoin Metselspecie?
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Bitcoin Specie is usually represented by the ticker symbol BCH.