Our solution will resolve Bitcoin’s innovation backlog and create a truly groundbreaking Bitcoin based blockchain technology. In this sense, it is very important to understand that Bitcoin Oil – unlike Bitcoin – will not have to follow the lengthy and protracted BIP procedures which make rapid change almost impossible. Contrary to that inhibitor of innovation, Bitcoin Oil has straight forward agreements in place with some of the largest blockchain and Bitcoin development companies in the world, which will be commissioned by us to build Bitcoin's 2019 BTCO fork and all subsequent improvements thereof.
Hard Fork
Forking an identical copy of today’s Bitcoin (BTC)
Adding various BTC’s long-pending BIPs
Including several more proprietary improvements
Launching the most advanced Bitcoin version
Distributing BTCO coins to all BTC coin holders
Stability
Massive reduction of market price volatility
Creating market price stability mechanisms
Implementing an economy of incentives
Rewarding coin holders, stakers, participants - Generating constant passive income streams
Generating constant passive income streams
Sustainability
Replacing BTC's PoW by BTCO's PoS algorithm
Eliminating Bitcoin's insane energy consumption
Ensuring a clean and environmentally friendly conscience
Establishing independence from electricity supply
Developing very competitive transaction fees
Privacy
Realizing anonymization strategies to protect privacy
Preventing tracing and ascertaining of sender's IP addresses
Enhancing on-chain privacy for senders and recipients
Increasing competitiveness by adding confidential transactions
Advancing tools such as Schnorr signatures, MAST, etc.
Smart Sidechains
Building innovative duplex micropayment channels
Enabling ICOs and STOs on our Bitcoin-based blockchain
Facilitating incentivized and enforced execution of smart contracts
Representing decentralized autonomous applications worldwide
Integrating numerous other platforms with a 2-way peg
Scalability
Featuring layer 2 protocols and off-chain computations
Boosting the amount of possible network transactions
Altering transaction size and frequency limitations
Amplifying throughput without placing extra demand
Researching further scalability solutions like sharding
Our forthcoming 2019 hard fork has many advantages and will implement a whole range of long overdue Bitcoin improvements based on our “Optimally Improved Ledger” (OIL) technology.
• Website: http://www.BitcoinOil.com
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• LinkedIn: http://www.linkedin.com/company/bitcoinoil
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