The FoxBTC team has made their interest to execute a hard fork on the bitcoin blockchain on April 30, 2018.
Z-Magnetars, a reputable tech firm will handle the hard fork.
Since 2017, there have been quite many hard forks on the Bitcoin Blockchain. Bitcoin cash, bitcoin gold, and several other coins were born through the hard fork on the bitcoin network.
Now, on April 30, 2018, there will be the FOXBTC hard fork by Z-Magnetars.
It’s common knowledge that the decentralized nature of the Bitcoin network makes it easy for anyone to create their crypto from the bitcoin blockchain by simply customizing the blocksize, block interval, and other features they want in their cryptocurrency.
It’s worthy of note that Bitcoin Cash was created in a bid to improve the scalability of bitcoin. The BCH developers increased the block size to 8MB, as they felt that’s the best solution to the scalability issue of bitcoin.
Still, many experts and bitcoin evangelists are still criticizing bitcoin cash and its developers, but the coin keeps moving on even though its value is meager compared to the real bitcoin.
Bitcoin Gold developers also had an idea of their own. They launched their hard fork to restore decentralization of miners by making the platform to support GPU mining. They also implemented Eqiuhash as well as a new Proof-of-Work algorithm. While there has been a vast array of forks on the bitcoin network, the sad truth remains that not every bitcoin holder received the airdrops of the forked coins.
FOXBTC is here to create company-based forks in the virtual currency world. Once the platform goes live, all users will be empowered to store or exchange all airdrops. The FOX BTC team will reward users on a 3, 6 and 12-month basis through the FOX airdrop system.
The Fox BTC uses a hybrid consensus comprised of both Proof-of-Stake and Proof-of-Work algorithms. It also provides a 6 percent annual incentive for staking, as well as implementing a standard GPU power mining with an incentive of 50 coins per block.
Just like Bitcoin, FOXBTC is limited in supply. There are only 16.5 million coins in circulation, of which 5.5 million coins is in the hybrid proof-of-stake and proof-of-work algorithm. Notably, 1 million coins are reserved for the airdrops. Additionally, the Z-Magnetars team will hold 1 million FOXBTC coins.
There have been 9 bitcoin hard forks already in 2018 and about 25 will still happen this year. With FOXBTC users will never miss out on any of the airdrops again.
For more information visit www.foxbtc.io