Tuesday, December 12, 2017

The answer to the slow blockchain

Super Bitcoin Hard Fork To Launch Tuesday To ‘Make Bitcoin Great Again’

 

Super Bitcoin Hard Fork To Launch Tuesday To ‘Make Bitcoin Great Again’


Tuesday will see the launch of Super Bitcoin, a new hard fork which developers say will “make Bitcoin great again.”

One of a handful of forks due to diverge from the Bitcoin core chain this month, Super Bitcoin is a Chinese effort looking to optimize Bitcoin through measures such as Lightning Network and an 8-megabyte block size.

The new chain’s network snapshot is set for block 498,888, to occur during Tuesday, Dec. 12.
Explaining the impetus behind their decision to create the new fork, developers said they were acting according to ideas from the “Bitcoin community.”

“Please remember: ‘This is just an experiment,’” the project’s website advises.
“We are merely implementing the proposals recommended by the Bitcoin community. Only when we put these talks into actions that we can make Bitcoin great again.”
Broadly following Bitcoin-esque attributes, Super Bitcoin is nonetheless notable for its supply 21,210,000, which includes 210,000 pre-mined coins.

“The 210,000 pre-mined tokens will be managed by the Super BTC Foundation and are mainly used to encourage early developers, invest in the super BTC ecosystem and ensure the operation of the Super BTC Foundation,” the website explains.

Major Bitcoin mining pools f2pool and BTCC are allegedly slated to support the fork, while 21 exchanges will notionally offer trading, according to listings.
December also sees the birth of new Bitcoin ‘versions’ with names including Bitcoin Uranium, Bitcoin Cash Plus and even Bitcoin Gold.



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