A better Bitcoin fork: SBC

SmartBitcoin, named as SBC, is scheduled to undertake the hard fork in a matter of days, at block 52 000 in the Bitcoin Blockchain, which is expected to occur on April 26th, 2018. If you are interested in our SBC, please read more on our websit: http://www.smartbitcoin.one/index-en.html

If the fork successful, you will automatically have the equivalent amount of SBC as the amount of Bitcoin stored in your wallet or your exchange platform. Besides, for every ONE tokens holder, he or she will get the amount of Bitcoin in a 24 000-to-1 ratio.

Currently, the Bitcoin network can only handle about 3-7 transactions per second, compared to Visa’s 2000 transactions per second, we have a long way to go to replace the modern payment system. Moreover, long transaction time and high transaction fee cause serious issues within the bitcoin blockchain.

The Bitcoin mining requires significant energy consumption, about 650 000 bitcoins mined every year somehow lead to the inflation or selling pressure of this digital currency. Another reason for the hard fork has been a growing concern in the bitcoin community that Bitcoin mining has become a less democratic and less decentralized process than originally intended, big firms with great computer power dominate the mining business.

Therefore, we should all welcome the Bitcoin fork as the best means of resolving the above issues.

With the SBC technology, it is able to handle up to 3000 transactions per second and complete the tiny amount transfer within seconds, larger amount cross-border transactions with minutes. The transaction fee can be reduced to below 0.1 cent USD, or less than 1 cent RMB.
By adopting the DPoS consensus, SBC can significantly reduce the energy consumption, its algorithm has been proven to be mature and stable by various projects. SBC team intends to expand its 101 initial nodes to maximum 1001 nodes, besides its mining nodes IP are not open to the public, it will create an environment that small miners can compete, and we will have a more decentralized and secure Bitcoin.
Lastly, SBC uses the BM worker system that enables the developers to earn rewards or to find a job in blockchain industry, reforming the benefits distribution system.

Conclusion
It is clear that SBC posses an enhancing performance, it speeds up the TPS to 3000 per second with insignificant fee, it doesn’t require great energy consumption, it makes the Bitcoin more decentralized and makes the nodes more secure, contributes to a fairer rewards distribution ecosystem. Furthermore, SBC is fully compatible with Smart Contracts and meets atomic cross-chain requirements.

The underlying technology of SBC is powered by the ONE team, ONE,  all features you need in the crypto world. Super Wallet, Thunder Transfer, Decentralized Exchange and Decentralized Chat.
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