Bitvote uses CryptoNight algorithm, which responds to Satoshi Nakamoto's vision of one-CPU-one-vote, to balance hashrate distribution, making decentralization a real thing.
Bitvote Foundation is a non-profit institution. It aims at promoting the development and maintenance of Bitvote, and supporting the development of related techniques.
Improved wallet safety and eliminated double hashing problem make complete replay protection come true, which protects users and their tokens from various accidents as well as malicious threats.
The block size is expanded to 8M, and the block also supports segwit. Transaction speed can be improved greatly, so bitcoin network congestion will be completely solved and its practical values will be added.
There is no need to trust the other party or the third party to achieve real-time and huge amounts of transactions, and payment channels are introduced to enhance the extensibility.
With the system that has infinite possibilities and the ability to issue assets and establish applications, Bitvote is a token which integrates values and practicability together.
Bitvote employs the scheme of block mark bidding and voting independently. The development direction of the community will be decided by the voting result; thus an autonomous community can be established and divergences can be solved democratically.
It is a bitcoin fork scheme. There will be no pre-mining and additional issuance. After forking, BTV will be distributed to BTC holders as the ratio of 1:1.
Its total amount is 21 million, and the block time is 2 minutes. 4 million BTV are available for mining after forking, and it will take about 400 days to mine all of them.
Come back to the vision of decentralization; establish a democratically autonomous community; solve the problem of BTC transaction congestion; and remodel transaction attributes.
BTV adopts CPU mining to balance the hashrate distribution and realize true decentralization. It puts forward block voting and achieves democratic autonomy of communities in its scheme. No more hard fork will be generated.
Smart contract will be implemented in BTV, and BTV will become a token that integrates values and practical uses together. Lightning network will also be employed, and there will be no need to trust the other party or the third party to achieve real-time communication.