Since the world didn't have enough crypto currencies, somebody thought to create yet another one, this time in a perplexing manner.
To put it shortly: he implemented the Bitcoin characteristics in an Ethereum smart contract (deployed, obviously, on Ethereum). It's called 0xbitcoin and it's basically an ERC20 token, but based on the Bitcoin Core characteristics:
- No pre-mine
- No ICO
- 21,000,000 tokens total
- Difficulty target auto-adjusts with PoW hashrate
- Rewards decrease as more tokens are minted
So, instead of creating an ICO and then having people sending ETH to get the ERC20 token, this contract dispense the 0xbitcoin tokens based on a small CPU miner (downloadable at the same link above). You get your own Bitcoin, on top of Ethereum :)
I don't know if somebody deployed the contract yet, but it's nice - and mind-boggling, obviously - to see such a technical feast.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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We will have enough crypto currencies the day we reach 9000... And yes, it is indeed an interesting technological feast, a minable erc20 token... now that I think about it, I believe I've have seen a few of those running around bitcointalk.
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I swear to anything that there will be less than 50 coins that will be still around and relevant 5 years later.
But it's nice to see the various attempts.
And pump-n-dumps, too.
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@dragosroua I just can't keep UP with everything. It all changes so FAST !
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We have seen this before.
Its spelled S C A M
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Now I think we can safely spell this as J O K E :)
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And we ain't seen nuthin' yet!
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Now bitcoin journey is complet haha :D
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The next step would be an Etherum characteristics in an ETH smart contract on Ethereum
Full circle!
:))
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Lol crazy!
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_
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Diversity of approaches in the crypto world.
This is hot!
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Sometimes you do things just because you can :D
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Honestly, even if the coin is worthless would be nice to see a coin that someone can mine on a desktop, set-up a wallet with, and send it to friends back and forth to get people more familiar with bitcoin how it works.
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Hahahahaha, that's prettyyyy, and also pretty funny! It's like the rule 34 of cryptocurrencies. If the concept exists, somebody has created a cryptocurrency for it.
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Nice information friend and it looks intresting, i will do more research on this ERC20 token soon.
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Your Posts are golden.
Yeah. I think writing down might have its advantages as well as disadvantages too.
When writing, you might not really get to pit down everything in the head.
But then in a video or an audio, u can get to say everything that comes to the mind.
But currently, I do more of writing cuz I'm not all that pretty to appear on a video. Lol.
Thanks for sharing @ dragosroua
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Awesome.Bitcoin is a very exciting development.it might lead to a world currency,i think over the next decade it will grow to become of the most important ways to pay for the thing and transfer assets..
stay blessed thanks for sharing the post:):):)
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It's a very interesting read when you write about these updates @dragosroua. Thanks for sharing. I hope you are having an amazing day. You have my upvote today. Cheers😀👍💯
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A buena moneda entonces, se va parecer al Petro de Venezuela???
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Thanks for information appreciated!
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you are a successful businessman, every idea you always useful, successful friends continue
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I think it would be better to merge systems than to create more currencies ...
Creating a platform where goods and services can be exchanged, not related to fiat money...
CPU-time, content, storage, ...
And reflect the relative value of goods and services in the cost... Fluctuating prices based on the needs, not based on the relation with USD.
Might take some time to reach that point?
Maybe we need a better view on what is the best technical approach first?
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0xbitcoin is interesting. Cryptocurrency are getting more and more interesting. They are innovating and diversifying. Interesting technologies in Cryptocurrencies are popping up every now and then. When innovators, creators and developers of Cryptocurrencies think of something, they create and develop it instantly.
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Bitcoin now have done the right thing in my opinion.....
Hope for the best ....
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nu stiu ce sa spun despre toate altcoinurile astea, eu am bagat banii doar in altcoins si acum ca bitcoin a inceputa sa creasca ele cam stagneaza... sper sa inceapa sa creasca si ele acum ca bitcoinul da semne de viata
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this sure looks pretty cool news by the way !
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With pleasure I will try to take advantage of your offer. This is a useful thing! Good luck in your work...
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Yesterday i saw my litecoin spiking. Today i read more about the upcoming hardfork. Now THIS. Oh my head...
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Great analysis dear..This is informatic.. I wonder
some people has created a cryptocurrency for it.
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