BTCr upgraded with Hybrid Script

From my previous post, you guys must be thinking about hybrid technology; BTCr is the first coin in the history of crypto hub that is using hybrid technology. A combination of proof of work and proof of stake is known as hybrid technology in blockchain.

Proof of work (PoW) is a concept in blockchain in which miners confirm transactions or unlocks new coins through solving the algorithm.

Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more BTCr coins owned by a miner, the more mining power he or she has.

Both Proof of work (PoW) and Proof of stake (PoS) do same work, but the way both do the work is different. In PoW, computers are used for mining, but PoS connects all the wallets in a server which is used for staking. Staking verifies all the transactions along with unlocking the new blocks from the block chain. In wallets, users invest their coins that are used for the staking. PoS is cost effective way of unlocking the new coins and verifying the transactions. The people who invests coins through their valets are always be awarded. Amongst all forks of bitcoin, Only Bitcoin Real will be using PoS by which it will give the incentives or rewards to its users who have invested their coins on its platform as the four-time supply makes real sense for staking more than mining.

The fact is that BTCr will be the cost-effective by using hybrid technology as PoS doesn’t need power/electricity in the mining process. Furthermore, PoS also provides cheap transaction solution due to its low transaction fee as compared to other projects.

BTCr is live now; visit http://www.bitcoinreal.org for more information and details. In the beginning, BTCr is using proof of work in its mining process, but soon it will be working on proof of stake once its coins got enough circulation.