Satoshi Introduction Decentralization of the Public Chain
Since the emergence of the Ethereum smart contract, public chain projects have carried out various innovations worldwide. Still, these innovations revolve around the technology itself, while optimizing for the authority is degrading. Ethereum is gradually transitioning from PoW (Prove of work) to PoS (Prove of Stake) to solve the performance and scalability. Other public chains are either PoS or on the way to PoS or lost in PoW inefficiency.
The most important revolution of Bitcoin is decentralization, decentralization of authority. However, PoS brings authority back to centralization, and authority monopoly has become a capital game. Take Ethereum as an example, when the pledge of ETH obtains the authority, the capital will do its best to accumulate ETH to monopolize computing power and become the monopoly of Ethereum, and this monopoly is unbreakable. Authority and interests are constantly being strengthened with rewards and transaction fees obtained from block production.
After more than ten years of development of blockchain technology, the best authority decentralization so far is still Bitcoin’s PoW. Bitcoin’s PoW is based on energy technology and chip technology so that no one can monopolize computing power permanently. It is needed to develop lower-cost energy and chips that can generate higher computing power to reach more hash-rate. The process is the progress of human civilization. However, PoS only needs to buy Token and pledge it into the computing power, and it can monopolize constantly.
Satoshi Public Chain
Satoshi public chain is a future blockchain economy infrastructure, an optimal solution for the decentralization of smart contract public chain authority. The future is a smart contract world, a programmable world, and the new world will have new currencies, finances, organizational structures, new ways of collaboration…
Satoshi invented the SATOSHI+ consensus algorithm, the third revolutionary technology in the blockchain and encryption. The first is the invention of Bitcoin (PoW), the second is the invention of Ethereum (smart contracts), and the third is the invention of the SATOSHI+ consensus algorithm.
The emerge of SATOSHI+ allows the Bitcoin network to run smart contracts with high performance. All Bitcoin’s computing power naturally supports Satoshi’s computing power, and all the energy and computing power paid for Bitcoin PoW protect Satoshi’s decentralization capabilities. In one sentence, “Satoshi bookkeeping smart contract by using Bitcoin’s computing power.” Please think about this sentence, and this is the best solution for the current public chain technology. There are no others.
The underlying of the Satoshi public chain is through the SATOSHI+ consensus algorithm that connects Bitcoin’s PoW consensus algorithm so that the world only needs to have one set of PoW to run everything. Satoshi will become the best underlying infrastructure for decentralized currency systems, financial engineering, and autonomous organization in the future.
BTCs Mining
A total of 2.1 billion BTCs are issued, which can be obtained through two mining methods. The BTCs were obtained through Satoshi APP mining in the early stage, and the BTCs can be obtained through on-chain decentralized node mining in the early stage, and the BTCs can be obtained through on-chain decentralized node mining in the later stage.
APP mining is an innovative airdrop method. Airdrops are carried out through the APP built-in block mining method, which effectively solves the problems of free cost, fairness, and incentives and allows all users to obtain BTCs for free through their efforts. In this process, the Satoshi consensus is gradually being constructed.
A large number of users building a net like spiders weaving a web, and a huge consensus network covering more than 100 countries around the world has been built, laying a solid foundation for the main net of Satoshi public chain and its future development. Satoshi hopes more people can get BTCs for free. The Satoshi public chain will airdrop 525.6 million BTCs to all users in the world for free and fair. The airdrop mining cycle is about two years and is expected to end on December 12, 2022.
APP mining is a huge opportunity for people to change for free. Because people can only mine through the decentralized chain node in the later stage, and the number of mining each year will be minimal. It is far less than the number of APP mining. In other words, the BTCs mined by APP account for a large proportion of the future circulation. After APP mining is over, the computing power in the APP will also end, and mining can no longer continue. Later, BTCs can only be obtained through node mining.
The on-chain decentralized node mining will start after the main net goes online, and validator nodes and repeater mining will be open at that time. There are two types of validator nodes: Bitcoin computing power nodes and BTCs pledged spare nodes.
The spare node is only used when the computing power node is insufficient. For details, please read the technical white paper to be released later. During the unfinished period of APP mining, it will run with node mining. In the future, running nodes and repeaters will be the only mining method.
How to start mining BTCs
Join the BTCs Mining Here Click on the link Below or Scan Qr code:
https://www.btcs.love/invite/1szx6
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