BITCOIIN REVIEW

A BEGINNER’S GUIDE TO BITCOIIN OR BITCOIIN2GEN

Introduction:

What is Bitcoiin? According to the official website: The inspiration of Bitcoiin 2gen is to make a superior or more advanced version of Original Bitcoin. As the Bitcoiin2Gen name says, it is the 2nd generation of Bitcoin.

Source of the picture: Bitcoiin Website.

What makes Bitcoiin2Gen superior and more advanced is their self-sufficient, independent ecosystem that has its wallet, mining machines, and the ability to exchange the coin to popular altcoins or FIAT currencies since its inception. The idea of Bitcoiin2Gen began in September 2016, and they got $50M venture capital to build the infrastructure, I think that’s one of the main reasons that make Bitcoiin2Gen self-sufficient from the beginning.

Bitcoiin2Gen is a decentralized self-sustaining ethereum based cryptocurrency that uses cryptographic proof of work protocols.”

Now, let’s talk about what makes this Bitcoiin superior than the original Bitcoin:

Mining Ecosystem:

Bitcoiin2Gen started working on this concept in September 2016, and by the last quarter of 2017, they agreed to have their mining machines with a Chinese mining partner Dragon Mining. Bitcoiin2Gen focuses on the same mining framework as the original Bitcoin, i.e., Proof-of-Work protocol (PoW). Mining ecosystem is very crucial for any mineable coin as the speediness of the transaction and to maintain the majority of the positive nods in the network depends upon the number of miners. To have its mining ecosystem makes Bitcoiin2Gen a self-sufficient cryptocurrency that is a significant advantage over the original Bitcoin or other competing coins.

Blockchain Technology:

Bitcoiin 2gen is using the Ethereum Blockchain Technology. Ethereum blockchain can handle much more complexities because of the smart contract system. It makes it possible to set simple rules which have to be followed, efficiently forcing contractual compliance in a manner that would never be possible with a real-world contract, without some intermediary. Ethereum platform is more efficient because it is newer and more optimized thus it provides faster transactions. Another advantage of using Ethereum platform is the lower transaction fees. Therefore using ethereum blockchain makes Bitcoiin faster, cheaper to transact and more scalable.

Branding & Brand Identity:

Bitcoiin recently announced in their press release as they appointed Hollywood actor Steven Seagal as their brand ambassador. This cooperation between Bitcoiin2Gen and Hollywood Star Steven Seagal will bring more credibility, integrity, and authenticity to Bitcoiin. After this announcement Bitcoiin getting more popularity and establishing its name in the leading cryptocurrencies.

Source of the picture: Bitcoiin Press Release

Bitcoiin2Gen presents itself as decentralized, anonymous cryptocurrency same as its predecessor bitcoin. As mentioned in their website, As per the original bitcoin, Bitcoiin2Gen also firmly believe in complete anonymity, as the whole basis of the original white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto. Anonymity in cryptocurrencies is a matter of not just personal privacy, but also Confidentiality.

Conclusion:

Overall Bitcoiin 2Gen looks like a promising project as it has is a complete coin in all the facets of the cryptocurrency. Bitcoiin is still in ICO period that is going to end in the last week of March 2018 so it is an excellent opportunity for investors to buy B2G coins at introductory prices, i.e., $5 only. To participate in the ongoing ICO of the Bitcoiin investors need to sign up and purchase the coins by BTC or ETH although Bitcoiin provides credit cards payments as well. To buy through credit cards, one needs to talk to them on their live chat or email them, but that’s not very difficult I believe.

Source of the picture: Bitcoiin dashboard.

Additionally Bitcoiin offers a great discount during the ICO period, if investors are going to invest:

A) $10,000 to $24,999 you will be able to get 10% discount.

B) $25,000 to $49,999 you will be able to get 20% discount.

C) $50,000 to $99,999 you will be able to get 35% discount and

D) $100,000 or more you will get 50% discount.

Apart from the discounts there is four level of commission program also there during the ICO periods only. After your purchase is completed from your referrals you will receive the commission as follows:

1st level — 15%

2nd level — 10%

3rd level — 5%

4th level — 2.5%

Bitcoiin 2gen’s total supply is 200,000,000 coins and during the ICO 50,000,000 coins will be for sale rest coins can only be obtained by the mining. The ICO price for a coin is $5 and after ICO Bitcoiin expected to gain 3–4 times of its price approx. $15–20.


Disclosure: This article is the personal opinion only, and it should not be taken as investment advice. I believe this article will provide a fare direction to those who believe in decentralization and the potential of the cryptocurrencies & crypto economies and looking for better opportunities to support it.