Review on BitcoinV by Aykhan Panahli

Have a great day, dear ladies and gentlemans. Today I will talk about BitCoinV.



I am sure you all know about first crypto currency - Bitcoin. It was anrevolution for technology. And basically the company I am talking about, revisioned the ideas of first crypto currency.



Like the initial notion, the main purpose of this and subsequent forks is to make Bitcoin a better form of money. The original protocol's constraints, which include high transaction fees, 10-minute confirmation periods, and a throughput of just 4 transactions per second, limit Bitcoin's ability to compete with competing cryptocurrencies.



Despite the fact that consumer adoption of Bitcoin as electronic money has been slow, it has been successful in other ways.

It has fared significantly better as a sort of electronic gold. In the industry, there has been a long-running debate if Bitcoin is a more efficient means of commerce or a safe shelter for cash.As a medium of trade for ordinary goods and services, gold is ineffective. Consumers typically buy gold to safeguard their purchasing power against inflation. In comparison to national currencies, Bitcoin's steady monetary policy and limited supply make it particularly appealing in this regard.



Despite the fact that Bitcoin was developed with the goal of being decentralized, it did not follow this path throughout its development.

and never will be. Some claim that because Bitcoin has grown centralized, it is doomed and on the approach of extinction.

Decentralization, on the other hand, can reemerge if the world is given enough motivation, bringing the world back to life.



By prohibiting ASICs from scaling and mining on the network, BitcoinV PoS solves the mining centralization problem.

BitcoinV's Proof of Stake nature means that only wallets containing coins can mine on the network. the greater

The more coins in the wallet, the more likely it is to mine the next block. BitcoinV includes the Variable Block Recipients (VBR) feature for further decentralization in addition to the PoS.



The remaining reward and fees are distributed among nine other users since the Variable Block Recipients (VBR) mechanism only offers the miner a small portion of the PoS reward and fees. Users are discouraged from stockpiling coins in order to dominate the staking rewards because they only receive a tenth of the reward and fees when they stake. This leads to the decentralization.

The prpject is very innovative and promising. If it will be succesful, it could create new age in crypto technologies. Better if you check their site. Most of new projects has alack of information, which makes untrustful feeling on the potential new members.