"Betcuin Cash" is a mess in the world of virtual currencies

"Betcuin Cash" is a mess in the world of virtual currencies



03/08/2017


The financial markets are waiting for a new version of the currency called Bitquin Cash, which allows to reduce the time taken in transactions in electronic currency.

Analysts predict that the "Betquin" split into more than one type of asset will put pressure on the current value of the currency, which has recently seen successive gains.

"The new version, caused by the split of the Betquin, could create a huge mess in the virtual currency market," the BBC quoted a financial expert as saying.

Some of the trading platforms in Pitcairn refused to trade in the new PeteQueen Cash.

This refusal means that some investors who depend on BitQueen will be stripped of the new features offered by the new version unless they change the trading platform they deal with in their default assets.

The plan, known as Segwit2x , aims to remove one of the most difficult barriers faced by traders in the virtual currency market, namely that the previous transaction logbook, known as the "Polkshine" or the block chain (a complex database based on the Betquin transactions) Only one every ten minutes.

The design of this data base depends on the currency trading in this way aims to provide some protection for transactions against electronic hacking attempts, but that means waiting for a trader "Bitquin" for long days to complete a deal on the platform in times of pressure on those platforms by the number Great traders.

Two solutions are proposed for this problem; two, either increase the size of each block chain to exceed one MB, allowing more transactions to be made in each new batch.

Or a second solution that involves changing the location of some cluster-specific information to separate the files contained in the databases, which in turn will be transmitted in conjunction with the transmission of information.

The Segwit2x solution provides a solution to the data volume problem of each block chain, which is implemented in two steps. The first is the data split in August, followed by the second step, increasing the volume of the cluster to 2 MB, which starts in November. .

It is expected that the value of the "KFU Cash" in the market about $ 267 dollars for the new unit, a very small value compared to the value of the original unit of the "Bitquin", which recently amounted to 2,780 dollars per unit.

Bituquin, a hypothetical coin designed by an anonymous person known as Satoshi Nakamoto, is fairly similar to known currencies such as the dollar, the euro and other currencies.


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