Altcoins Talks - Cryptocurrency Forum
Further Discussions => Retired Sections => Quarantine & Test Area => Bitcoin Token => Topic started by: bitcointoken on February 26, 2018, 03:36:53 AM
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BitcoinToken is a de-centralized Currency on blockchain technology. Open Source. Community run and maintained. It is a currency ultimately owned by the people who posses it, a financial system owned by individuals not a large entity.
BitcoinToken is not an ICO but a radical step towards repeating and improving the legacy of the original Bitcoin in creating a de-centralized currency, by the people for the people. Unlike other cryptocurrency ventures that seeks to sell all or almost their entire tokens during their ICO, BitcoinToken is designed to be majorly distributed as awards to adopters for maintenance and continual improvement of the project. The remaining large portion of tokens are to be airdropped freely. This again is another attempt to start a movement of a crypto community that can not be controlled by major donors or financial investors but each person of the community adds the value to the currency. Instead of nodes it is people. Instead of business decisions, it is a passionate individuals adopting a new way of thinking and transferring money through blockchain technology.
A NEW SOLUTION NEEDED
With larger adoption Bitcoin has run into problems like scalability, its price-point is daunting to investors or for common day usage. Mining prices to sustain the network have become astronomical in energy consumption. The time and fees of the TX have made the currency un-usable for day to day transactions with waiting periods of up to 30 minutes or longer. These; among others, are the problems that inspired the creation of (BTK) BitcoinToken. Despite the challenges associated with bitcoin, a lot of investors still want to participate in its market. To this end, BTK is introduced as a platform for easy, fast, affordable and efficient use of bitcoin. The solution is centered around giving people (BTK community) the ability to comfortably use bitcoin through a scalable alias – BTK..
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You can read the full ANN here: http://www.altcoinstalks.com/index.php?topic=7580.0
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A nice description should be read by everyone. Thanks for the detailed description. It will take a bit of time to implement the goals but the good thing is the community is working very diligently