Bitcoin PRO last week announced the release of a new electronic cash system, designed to address the technical limitations of Bitcoin by offering higher speeds, lower fees, and a more decentralized ecosystem than the original Bitcoin.
The company’s statement promises that Bitcoin PRO will feature block times of just one minute — as opposed to the current 10 minute block times used by the original Bitcoin — and calculates a difficulty adjustment with every block, lowering overall energy consumption from the mining process and allowing far more participants to mine at a profit and help decentralize the network. It also claims that Bitcoin PRO is significantly more secure than the original Bitcoin and other forks of the standard, utilizing the X13 hashing algorithm versus the SHA 256 standard currently in use.
To illustrate the security improvements fostered by the improved hashing algorithm, Bitcoin Pro offered, “If you wanted to create a clear picture of the superiority of the Bitcoin PRO encryption, imagine a lottery card. With standard Bitcoin you would have to guess 6 out of 45 numbers, whereas with Bitcoin PRO you need to guess 150 out of 1200 numbers.”
Over the next six months, Bitcoin PRO states it will seek to add multiple payment gateways for conversion to fiat currencies — including USD, EUR, GBP and JPY — and enable both instant and scheduled payouts, in addition to a centralized exchange where users can swap Bitcoin PRO for other cryptocurrencies.
According to the company’s statement, “Absolutely nobody controls Bitcoin PRO, not even the developers, which in itself makes it superior to all other cryptocurrencies. It will provide us [with] everything Bitcoin was meant to deliver. We are extremely confident that it may replace the original Bitcoin in the long run.”
Bitcoin PRO wallets are currently available for Mac and Windows, with additional support to be added in the future.
To learn more about Bitcoin PRO, visit https://bitcoinpro.money/.
- FED Chairman Offers Lukewarm Response On Impact, Utility Of Existing Cryptocurrencies - July 20, 2018
- Boeing Brings In SparkCognition For Help Developing UAV Management Systems - July 19, 2018
- Nervos Network Nets Nearly $30 Million To Build Hybrid Blockchain Platform For Enterprise - July 19, 2018
- Chinese Blockchain Companies Continue To Flourish, If Only In Name - July 18, 2018
- G20 Report Outlines International Collaboration On Standards For Crypto-Assets - July 17, 2018
- Hong Kong Readies Regulator-Backed Trade Finance Platform - July 17, 2018
- RMB to BTC Trading Falls To 1%. Is China Really Out Of The Crypto Game? - July 16, 2018
- Chinese Internet Trends May Spell Trouble For “Disruptive” Crypto Payments - July 13, 2018
- LINE Plans July Cryptocurrency Exchange Launch - July 3, 2018
- McAfee Labs Report 6x Increase in Crypto Mining Malware Incidents in Q1 2018 - June 29, 2018
- Facebook Updates Policy To Allow Vetted Crypto Businesses to Advertise, ICOs Still Banned - June 27, 2018
- Following in Vitalik’s Footsteps? Polkadot’s Habermeier Awarded Thiel Fellowship - June 26, 2018
- SingularityNET and Project Shivom Using AI on Genomic Data to Extend Human Life - June 26, 2018
- Microsoft & EY partner for Royalty Distribution in Gaming - June 26, 2018
- Alibabacoin to Airdrop ABBC Tokens to First 500,000 Wallet Users - June 25, 2018
- Care Records of up to 30 Million UK NHS Patients go on Blockchain - June 25, 2018
- PundiX Signs UTRUST as Liquidity Clearing Provider for Crypto POS Hardware - June 22, 2018
- Blockchain on the Ballot: Indie Party Candidate Joins Texas Senate Race - June 21, 2018
- IONChain Aims to Challenge IOTA on a Chinese Battleground - June 19, 2018
- Takeaways From SEC Director’s Comments on Cryptocurrencies and Securities - June 19, 2018