Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Topic started by: bitcoinquantumxyz on June 10, 2024, 04:22:38 PM
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Hello everyone,
I want to introduce you to a fascinating project called Bitcoin BTC Quantum (BTQ). This is a state-of-the-art cryptocurrency that combines Bitcoin's robust economic framework with advanced quantum-resistant security measures.
Overview of BTQ:
Total Supply: 21 million units, similar to Bitcoin.
Dual Mining Algorithms: Utilizes both CPU-friendly RandomX algorithm and GPU mining with Cryptonight cn/0. This makes mining more diverse and reduces the risk of hardware centralization.
Emission Schedule: BTQ’s emission is planned over approximately 1000 years, with block rewards decreasing by 5% every 525,600 blocks, ensuring long-term sustainability and market stability.
Quantum-Resistant Security:
BTQ uses Extended Merkle Signature Scheme (XMSS) technology to protect transactions from quantum computing threats. XMSS is a hash-based cryptographic signature method that generates one-time signatures and ensures forward secrecy. This makes BTQ a robust and secure platform against future quantum computing advancements.
Mining BTQ:
BTQ adopts a hybrid mining approach, combining CPU-friendly RandomX Proof-of-Work and GPU mining with the Cryptonight cn/0 algorithm. This ensures mining accessibility and efficiency, allowing miners to use both CPUs and GPUs to contribute to network security. RandomX is optimized for CPU performance, while Cryptonight cn/0 extends compatibility to GPU rigs, enhancing decentralization and broadening participation.
Guide to Mine BTQ with XMRig: https://docs.bitcoinq.xyz/basic-tutorial/guide-to-mine-btq-with-xmrig
Key Features of BTQ:
1. Quantum-Resistant Infrastructure: Uses quantum-resistant cryptography to ensure the security of user transactions and assets.
2. Dual Mining Algorithms: Combines CPU and GPU mining, optimized for both types of hardware.
3. Preventing Centralization: Aims to minimize the risk of mining centralization, fostering a more diverse and decentralized mining environment.
4. Total Supply and Emission: Total supply is 21 million units, with a 5% decrease in block rewards every 525,600 blocks, maintaining value and preventing inflation.
5. Public Addresses and Asset Management: BTQ’s public addresses start with the letter "Q". Users can manage their assets through the BTQ Web Wallet, an easy-to-use web interface for secure transactions and asset management.
6. Strong Node Support: Supports the setup and operation of individual nodes, ensuring decentralization and enhancing network security. BTQ node IP addresses are globally distributed, optimizing network speed and reliability.
Additional Information:
Official Website: https://bitcoinq.xyz
Whitepaper: https://docs.bitcoinq.xyz/btq-whitepaper
Developer Documentation: https://docs.bitcoinq.xyz
Explorer: https://explorer.bitcoinq.xyz
Web Wallet: https://wallet.bitcoinq.xyz
Email Contact: [email protected]
Let’s discuss and share your thoughts on the BTQ project!
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Your project is so similar to bitcoin
Why don't you fork it from bitcoin? This looks a better approach imo. And would give more credibility to it.
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Thank you for your feedback and for pointing out the similarities between BTQ and Bitcoin. While forking from Bitcoin could indeed offer certain advantages and potentially add to the credibility of the project, we chose to develop BTQ with its own independent blockchain for several reasons:
1. Quantum-Resistant Security: Our primary goal with BTQ is to address the emerging threat of quantum computing. By building from the ground up, we can integrate quantum-resistant cryptographic techniques such as the Extended Merkle Signature Scheme (XMSS) directly into the core of our blockchain, ensuring the highest level of security.
2. Dual-Mining Approach: BTQ employs a dual-mining mechanism using both the RandomX algorithm for CPU mining and Cryptonight cn/0 for GPU mining. This approach fosters greater inclusivity and reduces the risk of mining centralization, which would be challenging to implement by simply forking Bitcoin.
3. Long-Term Emission Schedule: Our emission plan is designed to span approximately 1000 years with a 5% block reward reduction every 525,600 blocks. This unique emission model helps ensure long-term sustainability and stability, which required a customized blockchain structure.
4. Innovation and Flexibility: Developing BTQ as an independent blockchain allows us to innovate more freely and implement features tailored specifically to our vision. It also gives us the flexibility to adapt and evolve the blockchain technology as new advancements and challenges arise.
5. Building a Unique Ecosystem: By creating a distinct blockchain, we aim to build a unique ecosystem around BTQ, fostering a dedicated community and encouraging development tailored to the specific needs of our network.
We believe that these reasons justify our decision to develop BTQ as an independent project. Nonetheless, we deeply value your input and remain open to suggestions that can help us improve and gain broader recognition.
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Thank you for your feedback and for pointing out the similarities between BTQ and Bitcoin. While forking from Bitcoin could indeed offer certain advantages and potentially add to the credibility of the project, we chose to develop BTQ with its own independent blockchain for several reasons:
1. Quantum-Resistant Security: Our primary goal with BTQ is to address the emerging threat of quantum computing. By building from the ground up, we can integrate quantum-resistant cryptographic techniques such as the Extended Merkle Signature Scheme (XMSS) directly into the core of our blockchain, ensuring the highest level of security.
2. Dual-Mining Approach: BTQ employs a dual-mining mechanism using both the RandomX algorithm for CPU mining and Cryptonight cn/0 for GPU mining. This approach fosters greater inclusivity and reduces the risk of mining centralization, which would be challenging to implement by simply forking Bitcoin.
3. Long-Term Emission Schedule: Our emission plan is designed to span approximately 1000 years with a 5% block reward reduction every 525,600 blocks. This unique emission model helps ensure long-term sustainability and stability, which required a customized blockchain structure.
4. Innovation and Flexibility: Developing BTQ as an independent blockchain allows us to innovate more freely and implement features tailored specifically to our vision. It also gives us the flexibility to adapt and evolve the blockchain technology as new advancements and challenges arise.
5. Building a Unique Ecosystem: By creating a distinct blockchain, we aim to build a unique ecosystem around BTQ, fostering a dedicated community and encouraging development tailored to the specific needs of our network.
We believe that these reasons justify our decision to develop BTQ as an independent project. Nonetheless, we deeply value your input and remain open to suggestions that can help us improve and gain broader recognition.
We are planning for an airdrop and opening a pool mining operation.
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We are looking for passionate partners to help expand our Bitcoin Quantum (BTQ) community. Partners will not only receive airdrops in BTQ but will also get early updates about the project and early access to our project's Github.
If you want to join us and be part of this journey, please contact us via email: [email protected]
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I probably missed it, but where's source code of your wallet and full node software? I found https://github.com/bitcoinq (https://github.com/bitcoinq), but it only contain documentation.
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Can you add more details about Dual Mining Algorithms, since mining can be done using a GPU, but as the reward decreases, the difficulty of the network will increase, as the return will be less, and those who have access to advanced mining hardware will have more luck in mining more blocks, just as happened in Bitcoin.
What is the average time between blocks and what are your solutions to fees and scalability problems?
x
We are planning for an airdrop and opening a pool mining operation.
If the supply is limited and the mining algorithm is POW, the only way to get an airdrop is to hardfork the Bitcoin network after a certain block.
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Can you add more details about Dual Mining Algorithms, since mining can be done using a GPU, but as the reward decreases, the difficulty of the network will increase, as the return will be less, and those who have access to advanced mining hardware will have more luck in mining more blocks, just as happened in Bitcoin.
What is the average time between blocks and what are your solutions to fees and scalability problems?
x
We are planning for an airdrop and opening a pool mining operation.
If the supply is limited and the mining algorithm is POW, the only way to get an airdrop is to hardfork the Bitcoin network after a certain block.
1. Dual Mining Algorithm
BTQ employs a dual mining algorithm combining CPU-friendly RandomX and GPU mining with Cryptonight cn/0. This approach is designed to:
- Reduce Hardware Centralization Risks: By making mining accessible to a wider range of participants with varying hardware capabilities.
- Prevent Dominance by Specialized Hardware: Supporting both CPU and GPU mining prevents the dominance of mining by entities with specialized, expensive hardware (such as ASICs used in Bitcoin mining).
2. Mining Difficulty and Network Adjustments
BTQ dynamically adjusts the mining difficulty to maintain a steady rate of block generation as the network grows. Key features include:
- Steady Block Generation: Ensuring a consistent block creation rate regardless of the influx of more powerful mining hardware.
- Democratic and Decentralized Mining: Preventing disproportionate benefits to entities with advanced hardware, keeping mining more democratic.
3. Average Time Between Blocks
BTQ targets an average block time of approximately 1 minute per block, balancing:
- Transaction Confirmation Times: Providing timely transaction confirmations.
- Network Efficiency and Security: Maintaining a robust and secure network operation.
When the difficulty increases, it automatically balances and vice versa.
4. Fees and Scalability Solutions
BTQ's approach to transaction fees and scalability includes:
- Low Transaction Fees: Keeping fees low to encourage network adoption and usage, with adjustments based on network load to ensure they remain reasonable.
5. Long-Term Sustainability
BTQ plans a gradual reduction in block rewards, reducing by 5% every 525,600 blocks. This strategy:
- Encourages a Fee-Based Reward System: As block rewards decrease, increasing transaction volumes and associated fees will sufficiently compensate miners.
- Sustains Mining Interest: Ensuring long-term miner incentives through a balanced reward system.
These features collectively address some of the inherent challenges faced by early cryptocurrencies like Bitcoin, focusing on:
- Reducing Hardware Centralization.
- Enhancing Network Scalability and Efficiency.
We will update additional information to the docs in the upcoming phase.
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Our goal in releasing BTQ is to establish it as a form of digital gold. That is why we will limit its supply to 21 million units.
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Question:
How did you manage with 76252 bocks and 0.57 reward to get 3,043,543.58 mined coins?
All according to your explorer!
So, unless it was pre-mined how does the math work for this?
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Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.
Such a long uptime is a testament to the network's stability and continuous operation. We wanted to ensure that the system was thoroughly tested and stable before making a public announcement. This approach guarantees safety and provides the best experience for users when they join the network.
All the coins mined by the pool are earmarked for our airdrop plan to ensure fair distribution and encourage community participation. We are always attentive to feedback and committed to continuous improvements to meet the needs of our community.
We are looking for passionate partners to help expand our Bitcoin Quantum (BTQ) community. Partners will not only receive airdrops in BTQ but will also get early updates about the project and early access to our project's Github.
If you want to join us and be part of this journey, please contact us via email: [email protected]
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Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.
And you never mentioned this anywhere, not on your website, not on your whitepaper, you mined 1/7 of the total supply and more than 12 years of mining!!!! for, airdrop promotion! Common!
You knew the whole pre-mining thing is frowned upon by every miner or investor and you hid that willingly!
Then you claim "transparency"! How can you claim transparency when you didn't tell anyone that 12 years from now on you will still own half of all the mined coins?
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@bitcoinquantumxyz, I don't know the future, but your project is not on the right track doing things like this. 3 million premined coins is too large an amount for a small total supply, and what's worse, as @Stompix says, without saying it on the website for example. Investors (at least those with more experience) do not want to know anything about premined coins, since in 99% of cases everything ends in a dump, deletion from the official website, social networks, etc... I'm not going to tell you what to do, I'm nobody, but starting again from 0, or burning those 3 million coins, would not be a bad idea to be able to talk about transparency. Good luck.
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Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.
And you never mentioned this anywhere, not on your website, not on your whitepaper, you mined 1/7 of the total supply and more than 12 years of mining!!!! for, airdrop promotion! Common!
You knew the whole pre-mining thing is frowned upon by every miner or investor and you hid that willingly!
Then you claim "transparency"! How can you claim transparency when you didn't tell anyone that 12 years from now on you will still own half of all the mined coins?
According to their explorer, the premined actually happened on single block which happened on 05:09 26 Jun 2018. But assuming the date isn't manipulated, it's become more weird since the team decide to promote BTQ now (6 years after premine).
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Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.
And you never mentioned this anywhere, not on your website, not on your whitepaper, you mined 1/7 of the total supply and more than 12 years of mining!!!! for, airdrop promotion! Common!
You knew the whole pre-mining thing is frowned upon by every miner or investor and you hid that willingly!
Then you claim "transparency"! How can you claim transparency when you didn't tell anyone that 12 years from now on you will still own half of all the mined coins?
According to their explorer, the premined actually happened on single block which happened on 05:09 26 Jun 2018. But assuming the date isn't manipulated, it's become more weird since the team decide to promote BTQ now (6 years after premine).
@bitcoinquantumxyz, I don't know the future, but your project is not on the right track doing things like this. 3 million premined coins is too large an amount for a small total supply, and what's worse, as @Stompix says, without saying it on the website for example. Investors (at least those with more experience) do not want to know anything about premined coins, since in 99% of cases everything ends in a dump, deletion from the official website, social networks, etc... I'm not going to tell you what to do, I'm nobody, but starting again from 0, or burning those 3 million coins, would not be a bad idea to be able to talk about transparency. Good luck.
Yes, we conducted a pre-mine, and 3,000,000 BTQ were allocated for the foundation and marketing, which are used for listing on exchanges. The remaining pre-mined coins are reserved for airdrops and marketing activities.
And you never mentioned this anywhere, not on your website, not on your whitepaper, you mined 1/7 of the total supply and more than 12 years of mining!!!! for, airdrop promotion! Common!
You knew the whole pre-mining thing is frowned upon by every miner or investor and you hid that willingly!
Then you claim "transparency"! How can you claim transparency when you didn't tell anyone that 12 years from now on you will still own half of all the mined coins?
Thank you for your questions and the opportunity to clarify some misunderstandings about Bitcoin Quantum (BTQ).
Decentralization vs. Centralization: It's important to understand that early access to our project's Github does not imply centralization. Early access is a common practice for projects that want to involve their community closely and gather feedback before making everything public. The ultimate goal is still to open-source the project fully, ensuring that it remains decentralized in its governance and operation. The blockchain itself operates on decentralized principles, and governance will shift to a community-led model as the project matures.
Similarity to Quantum Resistant Ledger (QRL), Inspiration, and Economic Model: BTQ draws significant inspiration from the Quantum Resistant Ledger (QRL), particularly in adopting quantum-resistant cryptography. Beyond QRL, we have incorporated a wide array of ideas and technological concepts from other leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and more, to enhance our platform's robustness and utility. These influences extend into areas like smart contract functionality, governance models, and scalability solutions, ensuring a well-rounded and innovative approach. One of the standout features of BTQ is the integration of the XMSS algorithm, a quantum-resistant signature scheme that has received approval from the National Institute of Standards and Technology (NIST). This not only emphasizes our commitment to maintaining a secure and future-proof blockchain but also highlights our focus on incorporating cutting-edge technologies that address future challenges in the crypto space. Our economic model, designed to position BTQ as digital gold, aims to provide a reliable store of value and a hedge against inflation, ensuring stability and long-term value retention. By recognizing pioneering projects and integrating a broad spectrum of blockchain innovations, we underscore our commitment to delivering a comprehensive and secure digital currency.
Open-source Code: Transparency is crucial for trust in the crypto community. Our plan includes making the source code publicly available once certain milestones are reached. This is to ensure that the code meets high standards of security and functionality before wide release. We understand the importance of transparency, and detailed timelines for open-sourcing will be shared with our community and partners as they are finalized.
Use of AI Tools: The use of tools like ChatGPT in drafting documents or communications is part of modern digital practices. This does not undermine the authenticity or the originality of our project. It ensures that we communicate effectively and efficiently. Our whitepaper and other texts are generated by our team, with AI used as a tool for enhancing the quality and clarity of the information we present.
Project Legitimacy and Mining Practices: It's crucial to address concerns about legitimacy head-on. BTQ has been transparent about its mining practices. All addresses minting from block 0 will be transparently publicized, ensuring full transparency of the genesis and subsequent mining activities. Additionally, all coins mined earlier by BTQ developers are designated for airdrops, marketing, listings, partnerships, etc., to foster community growth and project visibility. We refute claims of "privately mining." The mining started openly as per the timelines shared with our community. Our emissions and reward structures are designed to ensure fairness and long-term sustainability, detailed on our official channels.
Future Plans and Rewards: In the coming period, we will announce our plans for allocating BTQ Coin and our activities related to airdrops, marketing, and more. Contributions on forums and through collaboration plans can be made via email at [email protected]. Active participants and contributors will receive BTQ rewards as a token of appreciation and incentive for their engagement. Specifically, accounts contributing to discussions on forums like BitcoinTalks and AltcoinTalks will have their contributions publicly acknowledged and will receive bounties from the project transparently.
We invite anyone interested in deeper engagement or looking for more detailed information to reach out directly via our official email. We appreciate constructive feedback and are here to provide any clarifications needed.
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If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
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Open-source Code: Transparency is crucial for trust in the crypto community. Our plan includes making the source code publicly available once certain milestones are reached. This is to ensure that the code meets high standards of security and functionality before wide release. We understand the importance of transparency, and detailed timelines for open-sourcing will be shared with our community and partners as they are finalized.
I question the transparency when it's been 6 years since BTQ genesis block mined.
If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
And what would you by breaking SHA-256? According to https://quantumcomputing.stackexchange.com/a/24332 (https://quantumcomputing.stackexchange.com/a/24332), it seems you can't reverse SHA-256 even with quantum computer.
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BTQ - Aiming to be the Digital Gold and Quantum Resistant
BTQ not only inherits the stable economic model of Bitcoin but also significantly enhances it by integrating quantum-resistant technology, aiming to become the "digital gold" for the future. BTQ is striving to compete with BTC and other blockchains through technological improvements, particularly in minimizing the risk of hardware centralization. This not only strengthens sustainability but also enhances security, positioning BTQ as one of the leading cryptocurrencies capable of withstanding threats from quantum technology.
Special Airdrop Program During Early Development Phase
We are excited to announce three special airdrop events to express our gratitude and appreciation for the support and contributions of the BTQ community members. These events are designed to attract interest and increase participation from the community during our early development phase. Below are the details of each airdrop event, each with a specific purpose to encourage and reward actions that support the development of the BTQ community:
1. Airdrop for Members Contributing Useful Comments:
- Requirement: Contribute useful comments to the community on this post.
- Reward: The most valued comments will receive a BTQ airdrop.
- How to Receive Reward: Place your BTQ wallet address under your useful comment on this post.
2. Airdrop for Members Running Ads and Developing the Community:
- Requirement: Run advertisements or carry out community development activities on social media platforms.
- Reward: A larger airdrop amount for members who participate in these activities.
- How to Receive Reward: Post the link to your advertisement along with your BTQ wallet address on this post and send proof that you have carried out the advertisement or community development to email.
3. Airdrop for Members Who Write About BTQ on Other Platforms:
- Requirement: Write and post an article about BTQ on any other forum, blog, or website.
- Reward: Receive a BTQ airdrop for each qualifying article.
- How to Receive Reward: Post the link to your article along with your BTQ wallet address on this post.
We look forward to your active and meaningful participation in all three events. Join us and be a part of the BTQ community development journey.
Thank you for being a part of the BTQ community!
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Open-source Code: Transparency is crucial for trust in the crypto community. Our plan includes making the source code publicly available once certain milestones are reached. This is to ensure that the code meets high standards of security and functionality before wide release. We understand the importance of transparency, and detailed timelines for open-sourcing will be shared with our community and partners as they are finalized.
I question the transparency when it's been 6 years since BTQ genesis block mined.
If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
And what would you by breaking SHA-256? According to ..., it seems you can't reverse SHA-256 even with quantum computer.
if quantum and AI are combined, then SHA-256 is easy problem.
i found research by Wazir Zada Khan, Doctor of Philosophy. researchgate . net/publication/364681977_Quantum_Cryptography_a_Real_Threat_to_Classical_Blockchain_Requirements_and_Challenges
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BTQ Address: Q010500d8ac8845f9574b548de327d0949af394f8b4e3e66ae5b2e26400bc81732ed127ff6e113c
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Thank you for your questions and the opportunity to clarify some misunderstandings about Bitcoin Quantum (BTQ).
Nobody here misunderstood anything about your quantum things or any other thing, our concerns were with 1/7 of the supply having been mined by you and that you will hold (unless you already sold) even in 12 years from now half of the mined coins, so if you compare it with Bitcoin you have at least 3 times more coins than Satoshi despite a 10x lower supply generation.
And again with the wall of text, you managed to avoid answering the questions while claiming transparency!
if quantum and AI are combined, then SHA-256 is easy problem.
AI is actually powered by the current information we have, so it's not like it can invent something we haven't tried since it doesn't have the knowledge for that, also even if an AI model would be able to cancel bad effects such as noise, it can't solve the physical problems of quantum computers.
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Thank you for your questions and the opportunity to clarify some misunderstandings about Bitcoin Quantum (BTQ).
Nobody here misunderstood anything about your quantum things or any other thing, our concerns were with 1/7 of the supply having been mined by you and that you will hold (unless you already sold) even in 12 years from now half of the mined coins, so if you compare it with Bitcoin you have at least 3 times more coins than Satoshi despite a 10x lower supply generation.
And again with the wall of text, you managed to avoid answering the questions while claiming transparency!
if quantum and AI are combined, then SHA-256 is easy problem.
AI is actually powered by the current information we have, so it's not like it can invent something we haven't tried since it doesn't have the knowledge for that, also even if an AI model would be able to cancel bad effects such as noise, it can't solve the physical problems of quantum computers.
Thank you for your pointed feedback, Stompix, and for everyone's engagement. It's clear we need to address the concerns about the distribution of Bitcoin Quantum (BTQ) more transparently.
Regarding the supply that has been pre-mined, it is indeed a significant portion. In the upcoming period, we will update our locked token policy to ensure the sustainable development of the project. This strategic reserve is intended to support project development, partnerships, and market stability. We are committed to having a locking plan and managing these funds responsibly to avoid sudden impacts on the market.
However, we acknowledge your concerns about transparency and will strive to better communicate our intentions and the mechanics behind our token distribution. We invite the community to review detailed explanations and future plans at our documentation site https://docs.bitcoinq.xyz/btq-tokenomics (https://docs.bitcoinq.xyz/btq-tokenomics).
Regarding the use of quantum technology and AI, the_options raised a valid point. While AI does not create knowledge beyond our current understanding, it helps us optimize and improve existing solutions, which is valuable as we explore new technologies like quantum-resistant cryptography.
Stompix, you might consider creating a BTQ wallet and commenting on the post to receive an airdrop.
Once again, thank you all for your engagement. We welcome further discussions and are here to address any more questions you may have.
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If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
What makes you think that when quantum computing technology works (everything that exists now is just prototypes) SHA-256 will not have adequate protection against quantum attacks? Technology travels in different directions, attack <---> defense, but for that there is still a lot of research needed and it takes a long time.
However, we acknowledge your concerns about transparency and will strive to better communicate our intentions and the mechanics behind our token distribution. We invite the community to review detailed explanations and future plans at our documentation site https://docs.bitcoinq.xyz/btq-tokenomics (https://docs.bitcoinq.xyz/btq-tokenomics).
That information was very necessary, thank you. Can we know how many people are in the team and if they have participated in cryptocurrency-related projects before?.
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If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
What makes you think that when quantum computing technology works (everything that exists now is just prototypes) SHA-256 will not have adequate protection against quantum attacks? Technology travels in different directions, attack <---> defense, but for that there is still a lot of research needed and it takes a long time.
i agree that all crypto should move to quantum resistant technology, u should remember that insurance companies were created only to protect you from risks that rarely happen to you, with a 99% chance they won't
if you own a large amount of cryptocurrency on major blockchains, is it a good idea to take the risk of waiting to see if quantum computers (or computer power) can break the SHA256 algorithm of Bitcoin or the algorithms of existing altcoins?
maybe a few people will like it, but i'm sure your wife, children, and even your mistress won't like it. because that's what really matters, right?
one thing to note is that you never know when the 23 years SHA256 technology will be cracked if quantum computers (computer power) are combined with AI, ML, biology tech ... in the coming years. big players like Apple's iMessage have already moved to quantum resistance, and Google/IBM have set a goal of 1 million qubits, and more.... it's naive to think that Bitcoin will never have the ability to be cracked in the age of AI and quantum computing
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Hello community,
We are pleased to announce that BTQ has officially partnered with leading partners on Twitter and Telegram to promote development and engagement within our community. This is a significant step in expanding and strengthening the BTQ network.
Our partners on Twitter include:
* @BitcoinQxyz: The official channel providing news and updates about BTQ.
* @BtqCommunity: Dedicated to community activities and discussions.
* @BTQMining: Updates and useful information about BTQ mining.
* @BTQTechTalk: In-depth discussions on BTQ technologies and developments.
On Telegram, we have:
* Community Group @BitcoinQGroup: A space for members to discuss and share about BTQ.
* Information Channel @BitcoinQChannel: A channel to follow the latest announcements and news from BTQ.
Upcoming Activities:
* We will organize AMAs, contests, and other activities on these channels to encourage community participation.
* All questions and suggestions from the community are encouraged and welcomed on these communication channels.
We expect everyone to actively participate and contribute to the development of the BTQ community. Please follow these channels to stay updated on the latest information and participate in upcoming activities.
BTQ
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i agree that all crypto should move to quantum resistant technology, u should remember that insurance companies were created only to protect you from risks that rarely happen to you, with a 99% chance they won't
if you own a large amount of cryptocurrency on major blockchains, is it a good idea to take the risk of waiting to see if quantum computers (or computer power) can break the SHA256 algorithm of Bitcoin or the algorithms of existing altcoins?
maybe a few people will like it, but i'm sure your wife, children, and even your mistress won't like it. because that's what really matters, right?
one thing to note is that you never know when the 23 years SHA256 technology will be cracked if quantum computers (computer power) are combined with AI, ML, biology tech ... in the coming years. big players like Apple's iMessage have already moved to quantum resistance, and Google/IBM have set a goal of 1 million qubits, and more.... it's naive to think that Bitcoin will never have the ability to be cracked in the age of AI and quantum computing
At no point have I said that Bitcoin cannot be attacked in that way nor have I said that SHA-256 cannot be broken at some point. What I have said is that it will still take many years for that to happen and that when the time comes no one will sit and wait and do nothing, everything has its process to advance, and that supposed threat is still far away.
The machines that have International Business Machines Corporation, Intel Corporation, Alphabet Inc, Honeywell International and IonQ are prototypes and are not yet functional, and they are still far from being functional.
Will there be attempts to break SHA-256?. Yes, of course, and many other encryption algorithms, but not yet.
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Open-source Code: Transparency is crucial for trust in the crypto community. Our plan includes making the source code publicly available once certain milestones are reached. This is to ensure that the code meets high standards of security and functionality before wide release. We understand the importance of transparency, and detailed timelines for open-sourcing will be shared with our community and partners as they are finalized.
I question the transparency when it's been 6 years since BTQ genesis block mined.
If I had a quantum computer and was working in intelligence the first thing I'd set it upon is breaking SHA-256.
And what would you by breaking SHA-256? According to ..., it seems you can't reverse SHA-256 even with quantum computer.
if quantum and AI are combined, then SHA-256 is easy problem.
i found research by Wazir Zada Khan, Doctor of Philosophy. https://researchgate.net/publication/364681977_Quantum_Cryptography_a_Real_Threat_to_Classical_Blockchain_Requirements_and_Challenges
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BTQ Address: Q010500d8ac8845f9574b548de327d0949af394f8b4e3e66ae5b2e26400bc81732ed127ff6e113c
Thank you all for your contributions on the forum. Please check the airdrop address.
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As I see, the pre-mining thing is to check whether the system operates good or not. the website is telling that, the Nodes and the Pool will be opened after the ICO. By the way I saw this Telegram group . go check it out yourself. As for Discord, I don't see it anyway.
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As I see, the pre-mining thing is to check whether the system operates good or not. the website is telling that, the Nodes and the Pool will be opened after the ICO. By the way I saw this Telegram group . go check it out yourself. As for Discord, I don't see it anyway.
Don't worry, bro. Increase your interactions here, create a wallet, and wait for the airdrop. From what I can see, the coins have been mined and some have been withdrawn to the wallet. Let's wait and see if we really receive the airdrop.
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I have received the airdrop
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📢 Announcement: New Pool Openings 📢
We are excited to announce the opening of new pools for Bitcoin Quantum (BTQ) at the following locations. Choose the nearest pool to join and increase your mining chances!
- Silicon Valley, USA: http://us.silicon-valley.pool.bitcoinq.xyz
- Phoenix, USA: http://us.phoenix.pool.bitcoinq.xyz
- Dubai, UAE: http://uae.dubai.pool.bitcoinq.xyz
- Singapore: http://sg.singapore.pool.bitcoinq.xyz
- Shanghai, China: http://qq.shanghai.pool.bitcoinq.xyz
- Hong Kong: http://qq.hongkong.pool.bitcoinq.xyz
- Shanghai, China: http://qq.cn-sh.pool.bitcoinq.xyz
- Jakarta, Indonesia: http://in.jakarta.pool.bitcoinq.xyz
- Hong Kong, China: http://cn.hongkong.pool.bitcoinq.xyz
Quickly join the pools to take advantage of more efficient mining and receive attractive rewards!
For a step-by-step guide on how to mine BTQ with XMRig, please visit: https://docs.bitcoinq.xyz/basic-tutorial/guide-to-mine-btq-with-xmrig
Happy mining! 🚀🔗
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📢 Important Announcement!
We are thrilled to announce that the source code for the Bitcoin Quantum (BTQ) Node will soon be officially released. This is a significant step to enhance transparency and foster community development around BTQ.
Releasing the source code will allow everyone to:
🔍 Review and audit the code.
🤝 Provide feedback and contribute to improving BTQ.
🔧 Customize and develop new features.
Detailed information about the source code release will be updated soon. We look forward to your support and contributions to make BTQ even better and stronger.
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Welcome to the forum!
It seems I am late here. I thought it was another Bitcoin fork but it seems it is not. I thought I would give it a try but unfortunately, my GPU died just two days ago. I do not have a rig with high-spec CPU or GPUs for now. I have checked a couple of responses of yours in this thread and most of them seem to be an AI response. If you want to run a project professionally, you should avoid answering people with an AI. Moreover, AI-generated posts are not allowed in the forum. I am sorry, but I have to report these responses to the moderators to be removed.
Cheers!
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Why doesn't this project have a communication platform like DIS? It's a good project, but why can't I see any promotion? ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
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📢 Important Announcement
🎉 To ensure long-term security and safety for Bitcoin Quantum (BTQ), the Foundation has transferred 2,000,000 BTQ from the old Foundation wallets to 2 new wallets, locked for 20 years.
Transaction Details:
Foundation Wallet - 1,000,000 BTQ (20-year lock)
🔗 Transaction: https://explorer.bitcoinq.xyz/tx/daeb2aaf1ae979d7e07b3b963a7cdfce3cf7b86a8ffb748b9c91898a05112ec3
Foundation Wallet - 1,000,000 BTQ (20-year lock)
🔗 Transaction: https://explorer.bitcoinq.xyz/tx/b3d5ca8cb9a1b1e9b6bc01ff1369a5340edf8bd0fc0aa298b70a8e6857dc891b
⛓ Reason for the Transfer:
To enhance the security of Foundation assets.
A commitment to transparency and safety for the BTQ community.
💡 Note: The community can verify transaction details through the official BTQ blockchain explorer.
Thank you for your support and trust! 🙌
Bitcoin Quantum Foundation
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🚀 Hello BTQ Community! 🚀
We're excited to share some fantastic news with you all! In exactly 3 weeks, our BTQ Coin will officially be listed on PancakeSwap! 🥳
📅 Listing Date: 3 weeks from today
📌 Exchange: PancakeSwap (BSC)
💰 Trading Pair: BTQ/USDT
Get ready to trade and provide liquidity on one of the top decentralized exchanges in the crypto world.
Thank you for your incredible support—let’s reach new heights together! 🌟
Stay tuned for more updates soon!
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🚀 Exciting update from BTQ!
We're currently working on the BSC ↔️ BTQ Bridge, bringing seamless cross-chain connectivity and enhanced liquidity to our community!
Stay tuned for more updates! 🔥
#BTQ #BSC #CrossChain #Bridge
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🚀 We are now ready to enable P2P BTQ trading on QTinance! 🌐 Start trading P2P today by depositing BTQ into QTinance following the instructions here: deposit-btq. qtinance. com
📈 #QTinance #P2P #BTQ #Crypto
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i have heard they have Airdrop: 1,000,000 BTQ now :-X
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Hey, how long has it been since I made the airdrop?
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t just saw that it has an airdrop program on X up to 1,000,000 BTQ
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I just finished it, now just wait for it to be pending
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anyone help me pls!! i have some question about deposit BTQ
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i have joined the event airdrop BTQ anyone join it?? ::) ::)
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so it's almost time for BTQ to go public! It's really looking forward to it
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Is it being listed on PancakeSwap next week?
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yes, it in. it will listed on PancakeSwap.
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I just received BTQ coins. Did anyone else get them? ;D
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me me i got 15btq buy the airdrop event ;D
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yesterday i only got 5btq lol :'( :'(
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on the page, I currently get 5BTQ, but I don't see it on the wallet :'( :-\
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dont know :-X Why hasn't BTQ appeared on pancakes for 3 weeks?
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wait for them! What if they can be delayed by a few days, i think so
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I don't see any sense (or logic) in this wave of new accounts appearing in this thread with the sole purpose of saying they've received some coins, without any other type of interaction on the forum or information for users. That's why I would like the OP to be a little more careful and protect the reputation of his project.
Those accounts are already on my list for several reasons.
@bitcoinquantumxyz, doing things right, even if it takes longer and requires more work, is much more satisfying, productive, and positive for your project.
Thanks.