BridgeCoin BCO Mining Problems
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BRIDGECOIN BCO Website Twitter Facebook Explorer Synopsis CryptoBridge is a decentralized exchange under development utilizing a high performance scalable blockchain. 50% of all profits from the decentralized exchange are distributed to BridgeCoin owners. A beta MVP version of the decentralized exchange will be available within 3 days. Full description CryptoBridge is a decentralized exchange (DEX) that supports trading of most popular altcoins. The main innovation is elimination of a single point of failure when trading cryptocurrencies online due to its decentralized nature.
In addition, another unique selling point is the usage of a multi-signature federated gateway software used by a dozen trusted gateways, operating on multiple continents, enabling trust-reduced issuing and withdrawing of the supported coins. CryptoBridge's target audience are altcoin traders trading on centralized cryptocurrency exchanges which are riddled with performance problems and can be subject to thefts, manipulation, hacking incidents or government takedowns. These problems are solved by the decentralized blockchain based order book and the multi-signature federated gateway network. There is no central point of failure. All deposits, withdrawals and all order books are transparently stored on the blockchain.
The client will still be able to deposit, withdraw and trade coins even in the event CryptoBridge goes out of business. Each client holds the private keys to their coins. CryptoBridge has no access to the client's funds. The blockchain behind the decentralized exchange, graphene, can process up to 100.000 transactions per second and has an average confirmation time of just 3 seconds. The DEX offers a complete API for any interested party to build applications on top of the decentralized exchange. Funding: No ICO - why we created an altcoin instead To develop a platform like described above, one requires funding to recruit a lot of full time developers and marketing staff. To reach our funding goals, the team has used a rather unusual method: creating altcoin to fund the development of a software platform: BridgeCoin Since the latest SEC publication it is certain that any token sale (ICO) that promises future returns can be considered illegal in the US.
Though we are not from the US we would still like to stay legal under most jurisdictions and a public mineable cryptocurrency is exempt from such regulation. A fair distribution was guaranteed with the non pre-mined and no-ICO approach. The founders of CryptoBridge are also mining BridgeCoin and expect that the market value of BridgeCoin will be sufficient to finance the development of the full application. Beta Launch Initially we wanted to post this announcement in conjunction with the actual beta launch, but the new influx of miners, users and discussion is forcing us to release this announcement separately.
The beta version of the decentralized exchange is going to be released within 3 (three) days. Supported coins will be BCO, BTC, BCH and BTS, which means that any combination of trading pairs between those coins are available. The full version of CryptoBridge will launch Q4/2017, assuming enough funding can be obtained.
How you as a BridgeCoin owner can benefit from CryptoBridge Decentralized Exchange: After the full version of CryptoBridge launches, participating BCO owners will receive 50% from all profits from operation including: Trading fees Coin signup fees Profit from internal arbitrage Referral program BridgeCoin Specification Windows Wallet: MacOS X: Github Source: Website & source & downloads: Pool: (0% fee, use port 3344 for high diff mining).
BridgeCoin (BCO) BridgeCoin is the first-ever platform to bridge the gap between various cryptocurrencies in terms of price discovery, liquidity, scaling and arbitrage. The platform is developed by a highly dedicated international team of developers. The developer has several years of experience in financial and crypto sectors. To get started with BridgeCoin, you need to download the wallet and node software by choosing your system. The wallet is available for Windows, macOS and GitHub sources. The downsides of centralized exchanges Many centralized exchanges have several single points of failure.
Some of the failures include thefts, performance issues, regulative restrictions and takedowns, market manipulation and hardware failures. This is the same issues BridgeCoin wants to solve and offer its token holder a better, secure and transparent coin and platform. BridgeCoin specifications BridgeCoin specifications are as follows: Mining algorithm: scrypt Total coins: 27 million Block reward: 256 coins, halving every month Block time: 60 seconds Difficulty retarget: 10 blocks Default port: 6333, RPC port 6332 Advantages of BridgeCoin platform and currency BridgeCoin currency and platform have many benefits to token holders. Token holders have access to 50% of all profits from a decentralized exchange.
CryptoBridge is a decentralized exchange under development. The exchange utilizes a high-performance, scalable blockchain. 50% all profits distributed by the exchanged goes to BridgeCoin token holders. Other advantages of BridgeCoin platform and currency include: • BridgeCoin gives priorities to a decentralized exchange, convertibility and high liquidity, price discovery, and arbitrage. • Skillful coding and powerful community support that ensures the long-term success of BridgeCoin.
• Multi-platform support, fast transaction, and guaranteed scaling represent the initial technical requirement of the platform. How does BridgeCoin token holder benefit from CryptoBridge decentralized exchange? After the launch of the CryptoBridge decentralized exchange, owner of BridgeCoin (BCO) and who are participating on the ICO will receive 50% of all the profits. The 50% profits they receive comes from: • Profit from internal arbitrage • Referral program • Coin sign up • Trading fees. Until the full launch, BridgeCoin owners will not receive the profit until the exchange is operational. The BridgeCoin token (BCO) The BridgeCoin token, BCO was launched in July 2017.
Already over 27 million coins are mined and the mining is open to everyone since day one. The advantages of the BCO token is not an ICO scam, not subjected to takedowns and no pre-mining of the token. How Much Bitcoin Cash BCH Can I Mine A Day. BCO holder can also earn from staking their coins on CryptoBridge trading profits.