What is the reason for Biyuan Chain (Is there still hope for Biyuan Chain)
What is the reason for Biyuan Chain? Biyuan Chain is an open-source blockchain solution that mainly addresses the pain points of high transaction and transaction costs in Bitcoin networks. Bitmain is a high-performance decentralized smart contract platform developed based on Bitcoin consensus algorithm, Ethereum virtual machine and DPOS public chain technology. It processes digital assets through the use of dedicated GPU mining and provides equity incentives to users
Is there any hope than the original chain
Editor’s note: This article is from Wind and fire wheels Community (ID: FHBT18), and the author is Peipei. Odaily Planet Daily is authorized to reprint it The launch of the original chain has shown people hope and expectations, but does it still have a future? I think there is still a great possibility. 1. From the current situation, the price of this currency is indeed not that easy to rise, but if calculated at current prices, its market value is approximately $500 million. And this valuation should not be much higher, because we can measure its returns using current prices. If it were still in a bull market at the end of last year, it may have risen further this year. 2. If it were in a market like the year before last, I don’t think it would be very predictable, after all, this year’s growth rate is also much higher than Bitcoin. 3. As far as the whole industry is concerned, the most important thing in recent times is the “Bitmain”. They launched a public chain project called S19, which is said to bring the mining model into the blockchain field. 4. In May, the original team expressed plans to develop a new smart contract platform and claimed to distribute all tokens to users. On May 17th, the news of “Biyuan” announcing the completion of its financing was exposed by the media, and then quickly spread: “Today we just announced the investment direction. So what do you think?” But some people also questioned that this was a scam. 6. Whether there will be various problems after the listing of “Biyuan 2.0”:
1. Jihan Wu, the founder of “Biyuan”, very agrees with this statement. He thinks that the news is really interesting, but he does not agree with it. At the same time, Jihan Wu himself is also studying whether the scheme can really be listed on the stock exchange, so he chooses BTT as the promissory note for issuance. 7. The official website of “Biyuan” shows that its website has been offline for 2 weeks before officially opening for trading; In the previous announcement, it was mentioned that the original team decided to first reserve a portion of funds for the development of new products, and then continue to provide services while online. After the release of “Biyuan 2.0”, officials did not disclose a specific date. In addition, according to previously disclosed data, the circulation quantity of “Biyuan” is only 21 million pieces. That is to say, the token name of “BTT” (compared to the original) should be BIT, not BTC or ETH. In addition, since the beginning of 2020, “Biyuan 1.0” has been actively preparing; During the period from the end of 2017 to the beginning of 2018, “Bi Yuan 3.0” was still in the process of improvement. As of the beginning of 2019, more than 2 million tokens had been put into the market, with a total value of over 3 billion yuan. In addition to these ecological projects, Biyuan Chain will also collaborate with other domestic projects for development. In mid August, Biyuan Chain released a testing website white paper titled ‘Biyuan Chain 2.0’. In contrast, the main goal of Chain 2.0 is still to improve scalability and security in side chain networks. At the end of September,
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