What does Biyuan Chain Token mean (latest information on Biyuan Chain BTM)
According to official sources, Biyuan Chain is a distributed storage public chain based on the POS consensus algorithm. Its main characteristics are: adopting BFT+SHA256 encryption technology scheme; Using hard drives as mining media to ensure data security and privacy protection; At the same time, the PoW incentive mechanism is used to achieve block reward dividends and improve network transaction efficiency. Specifically, POW is used for computing power allocation, allowing each participant to receive a portion of tokens (such as Bitcoin). In this way, various problems in blockchain systems can be addressed to a certain extent. (Babbitt)
Latest Information on Biyuan Chain BTM
According to the latest official news of Biyuan Chain: Biyuan Chain BTM will hold the “BitCloud Mining – Key Customer Session” event in Shenzhen at 14:00 (HKT) on May 15, 2020. This event has attracted nearly 2000+users from around the world to participate It is reported that this conference, hosted by Biyuan and Bisheng Capital, is one of the most noteworthy events in the blockchain industry after the launch of BTT in March this year. The information about the current development status and future plans of Biyuan Chain in this forum will be shared with everyone through video:
1. What is Biyuan Chain? Biyuan Chain is a scalable, high security public distributed infrastructure platform based on the PoW+Proof of work consensus mechanism; 2、 How does Biyuan Chain serve the real economy? How to achieve business value sharing? How to make traditional businesses operate more efficiently
III. Technical progress and development plan of Biyuan chain
According to the official introduction, Biyuan chain has completed the development of infrastructure design and functional testing network, and will be deployed to the Ethereum main network to provide it with a complete software tool system and solutions to support ecological applications; At the same time, more technical means such as Bitcoin Lightning Network will be integrated to help enterprises develop asset management solutions, improve supply chain efficiency and reduce operating costs.
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