Bitcoin Pay is a fork of Bitcoin that occurs at the predetermined height of block499345 and therewith a new chain will be generated as the BTP Bitcoin Pay miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new was created which we call “Bitcoin Pay”.The purpose of creation of United Bitcoin is to establish a smart credit currency system with smart contracts that can widely serve the society, based on the credit of zombie Bitcoins. United Bitcoin’s credit is 100% based on Bitcoin with addition of credit foundation from several other high quality blockchains, and its gene is 100% inherited from Bitcoin. With the extensibility of smart contracts, the practical application value of United Bitcoin will be greatly enhanced. Bitcoin Pay is a super joint credit carrier with the target of establishing a powerful global network of smart value collaboration under the joint credit of Bitcoin and multiple other digital currencies. It is still Bitcoin, but exceeds Bitcoin.
|Name||Bitcoin Pay (BTP)|
|Ratio to BTC||1:10|
Bitcoin vs Bitcoin Pay
|Max. Supply||21 Million||2.1 Billion|
|Difficulty Adj.||2 Weeks||Every block|
|Established since||2009||December 2017|
Not tradable at the moment