WHAT IS BITCOIN DOLLAR COIN (BTD or BTDOLL) Q&A
Frequently Asked Questions
What is Bitcoin Dollar?
Bitcoin Dollar is the first artificial intelligence Bitcoin which will act as Interoperable and digital money for the Internet. It is fully anonymous, decentralized, with no central authority or bank and requires no trusted third parties to transact or operate.
Why use POW and DPoS?
BTD employs the POW/DPoS Consensus Mechanism, which implements digital democracies to offset the negative centralization effects posed by the PoW only algorithm. As a result, with voting right in the hands of the token holders, a true decentralization can be achieved. This ensures maximization of shareholders profitability and network efficiency, minimises costs of maintaining cybersecurity and operating the network. By significantly reducing the number of participating verification nodes, BTD can reach consensus in seconds and boost the transaction speed to really be as FAST as lightning.
What will happen to unclaimed, lost and unused Bitcoin Dollar?
Currently, there are approx 370 million Bitcoin accounts in 8000 exchanges and wallets worldwide. Bitcoin in those accounts are so minuscule it average 0.006670 BTC per private key and many users has lost or not claimed their BTC. Apart from this 28% to 45% bitcoin are unused or lost in time. Therefore, those unclaimed BTDs will be distributed to early birds or contributors. As matter of fact, about 60% exchanges have not shared Bitcoin cash or Bitcoin gold to their users.
Is Bitcoin Dollar different from 'Bitcoin' and other form of Bitcoin forks?
Yes. Bitcoin Dollar is the continuation of the Bitcoin project as peer-to-peer digital transaction. It is not a fork of the Bitcoin blockchain ledger rather different entity of AI blockchain ledger itself, with advanced and upgraded consensus rules that allow it to evolve, grow and operate. With built-in smart contract,DAPP, digital assets can be issued and distributed, and applications can be built on blockchain, making BTD a valuable and functional token.
If I own Bitcoin, do I automatically own Bitcoin Dollar too?
Anyone who held Bitcoin at the time Bitcoin Dollar was created will eligible for Bitcoin Dollar. This means that Bitcoin holders as of Feb, 28 2018 have the same amount of BTD as they had Bitcoin at that time if they claim their respective BTD within given timeline. Bitcoin Dollar which are unclaimed will be distributed among the early contributors to the project.,
Any transactions after the split are completely separate between Bitcoin and Bitcoin Dollar. This means any unclaimed, Lost and unseeded Bitcoin acquired after or before the split does not include any Bitcoin Dollar, and any Bitcoin Dollar does not include any Bitcoin.
Which Development Team is In Charge of Bitcoin Dollar?
Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Dollar. There are now multiple independent teams of developers and community advisors. If you willing to join our team-Please click this link.
How is transaction replay being handled between the new and the old blockchain?
Bitcoin Dollar transactions will use a different signature hashing algorithm. These signatures will not be valid on the Bitcoin Legacy network. This prevents Bitcoin Dollar transactions from being replayed on the Bitcoin blockchain and vice versa.
Why is it necessary to create Bitcoin Dollar?
The legacy Bitcoin and other bitcoin forks code had a maximum limit of 1MB-8MB of data per block, or about 3-12 transactions per second. Where transaction and confirmation is a threat for day to day transaction. Some transaction is talking days to confirm and charges are reaching as high as $700 per transaction. Major bitcoin and bitcoin forks are controlled by certain group individuals or the miners. It creates a power which erode user’s investment value. To counter this our project will be independent and community driven.
Are there bonus periods and Referral programs?
For the time being, there is a limited period bonus as it is a community-driven project. Yes, we do have a referral program wherever contributor represents our project and development plans to their colleagues.
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