Bitcoin Free Cash (BFC) is a secure and confidential blockchain system specially built for commercial mortgage systems. BFC is a new cryptocurrency based on the Cuckaroo29 algorithm. PoW mining is used to maintain the security of the BFC network, which can effectively resist ASICs Professional mining machine. Its main feature is the introduction of a mortgage mining mechanism on the basis of PoW traditional mining, which limits the threshold for participating in mining. Through this mechanism, the monopoly of computing power can be effectively avoided, the amount of digital currency flowing into the market can be reduced, and the income of retail mining miners can be increased. Make BFC more secure and credible, so that the price of BFC can continue to grow. At the same time, the commercial application of the blockchain is provided through the blockchain technology innovation of the mortgage technology. The natural commercial mortgage smart contract can be used in a large number of commercial application fields such as voting, financial payment, bank credit system, crowdfunding, company management, and intellectual property rights. .

Project Highlights

1. BFC is a new type of cryptocurrency based on the improved cuckoo algorithm, which can effectively resist ASIC.
2. On the basis of traditional POW mining, BFC innovatively introduces the mortgage mining model.
3. BFC's mortgage mining mechanism can effectively restrain the price drop caused by excessive circulation.
4. BFC's mortgage mining mechanism enables miners to increase the time of holding coins and prevent malicious smashing behavior.
5. Compared with traditional POW mining, BFC can effectively restrain the excessive growth of computing power.
6. BFC enhances the consensus among miners, and the relationship between miners is no longer a competition, but a win-win cooperation.
7. BFC innovatively designed a mortgage-based smart contract to provide a reliable and reliable blockchain technology cornerstone for the real business environment.

Smart contract

1. Innovatively designed the blockchain mortgage smart contract
BFC has improved the transaction primitives at the bottom of the blockchain, adding mortgage transactions, mortgage parties, mortgagee parties, intermediaries and other information On-chain to ensure the transparency and checkability of blockchain information.
2. Mortgage-based business scenarios
BFC provides the underlying blockchain mortgage smart contract, which will be widely used in commercial landing scenarios in the future, such as bank bills, credit loans, leasing services, credit guarantees, and risk control and many other business fields.
3. Turing's complete smart contract
BFC smart contract supports Turing's complete programmable contract mechanism, which is a set of promises defined in digital form, including contract participants that can execute these promises on it agreement. Currently, this set of protocols is applied to the original mortgage protocol of the BFC blockchain.
4. Various programming languages ​​and API interfaces
BFC will provide smart contract interfaces in various languages ​​in the future, which can widely cooperate with the commercial field and provide a technical cornerstone for the application of blockchain.

Problem the project can solve

1. Computing power monopoly
The cuckoo improved algorithm adopted by BFC can effectively resist ASIC mining machines and prevent computing power from being monopolized by large mines, resulting in excessive computing power , the difficulty increases, and ordinary retail investors cannot obtain profits.
2. Malicious smashing
The mortgage mining mechanism adopted by BFC can reduce the number of market circulation, increase the miner's currency holding cycle, and prevent miners from digging and selling, which invisibly leads to malicious smashing plate.
3. The computing power increases too fast
The mortgage mechanism will actually increase the investment cost of miners in mining. As the currency price rises, the mortgage funds invested by miners who enter BFC mining later will It is getting higher and higher, so as to control the excessive growth of the number of mining machines and avoid the loss of miners' interests.
4. Increase miners' right to speak
BFC mining must hold BF and mortgage to mine to obtain higher benefits. BFC is more like a protection of miners' rights. If you do not hold BFC, you will not be able to obtain high benefits.

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.