BTCr-The Safest Coin In The Crypto Space
The first decentralized cryptocurrency was bitcoin after which so many forks of it has been done. Bitcoin was created in 2009 by Satoshi Nakamoto with the main aim of empowering a common man; basically, Satoshi Nakamoto wanted to create a platform on which there will be equal distribution. There were so many hack attempts being done on the Bitcoin as its algorithm was not so much strong. Hackers could easily hack users’ wallets as these hackers get public keys of users after the transactions. Public keys help a lot in hacking attempts; a resistant was needed in the coin after the research.
Unfortunately, Bitcoin was failed as rich people are becoming richer on it and poor people are becoming poorer than before. The main reason behind its failure is the total supply; the total supply of Bitcoin is 21 million. Mining process is strong in it, but this process can easily be hacked as all the process is being done in computers.
Mining (PoW) and staking (PoS) are done with computers; these processes are basic needs for unlocking the coins or verifying the transactions. What were hackers doing in Bitcoin’s transactions? for example; A, a hacker, receives 5 Bitcoins from B after which A got all the details of B’s wallet details and now can do a 51% hack attack. Majority of the Crypto coins have a 51% chance of being hacked except BTCr.
Bitcoinreal (BTCr) is also a fork of Bitcoin; the algorithm of BTCr is so strong as it is relaunched with a resistant named as ASIC resistant. ASIC is a kind of virus, but BTCr is resistant of it. BTCr is fulfilling all the aims/objectives of Satoshi Nakamoto; furthermore, it is also a separate platform from banking/financial institutions due to its hacking proof.
In every Financial transaction, security is very important. The reason of the worth of crypto currency was lack of security in the traditional banking system. There is also a loophole in the decentralized cryptocurrency, but BTCr has controlled it by strengthening its algorithms with the ASIC resistant.
