BitcoinPoS (BTCS)Bitcoin with PoS starting at block 301448
Real Bitcoin transitioned to Proof-of-Stake at block 301448. All BTCS have been mined using real BTC keys. Import your BTC key to start mining. CAUTION!!! Sending BTCS can also send your BTC after importing!
Takes everything you know and love about Bitcoin and
transitions to a Proof-of-Stake (PoS) algorithm. This makes
it more decentralized and clean for the environment.
What got BitcoinPoS started?
Why Proof-of-Stake starts in 2014?
- The same stable BTC code, but with Proof-of-Stake.
- Proof-of-Stake creates unsurpassed security.
- Proof-of-Stake creates more decentralization.
The existing BTC network is controlled by about 5 mining pools. Satoshi never intended for this to happen. Proof-of-Stake solves this issue.
The Future Failure
In 2009, Bitcoin was released with a system to reward miners to secure and verify transactions across the network. In Bitcoin, block rewards are halved roughly every 4 years. Due to the halvings, miners reach a point at which the fees generated by transactions along with the diminishing reward, are no longer profitable to keep mining. Once this happens, miners will turn off their machines and reduce the hashpower needed to protect the BTC network.