The developers behind both- Bitxcoin, a new crypto currency and a new Bitcoin Fork being released soon ‘Bitcoin Everyday’ say they have been focused on solving the biggest issue of Bitcoin, i.e. its slow verification process and now high charges.
This has been the biggest criticism of Bitcoin, as it hasn’t been used widely enough as a payment system even though that’s one of its intended uses.
If the developer claims are correct, then both Bitxcoin, (which has its ICO on Feb 28th and has already sold over 20 million of its coins in pre-seed rounds) and Bitcoin Everyday could become very popular crypto payment methods.
Bitcoin Everyday is expected to release its fork in March 2018 with many miners eagerly awaiting it. Some predict it could do as well as Bitcoin Cash.
Recently, in a report Medium.com brought to light the biggest obstacle Bitcoin users are currently facing. The author of the article articulately explains:
“Fees are high because transaction capacity has become an artificially scarce resource. There’s only 1MB of data allowed per Bitcoin block, or in other words, only 1 MB of data allowed every 10 minutes. It’s a piddling amount of data, considering that my home internet connection has a download speed that’s 420,000% greater. Read More…..>