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What currency is Biyuan Chain (can Biyuan Chain rise to 600 in the future)

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What currency is Biyuan Chain (can Biyuan Chain rise to 600 in the future)

What currency is Biyuan Chain? Biyuan Chain is a blockchain system based on the PoW+PBFT hybrid consensus algorithm. Its characteristic is the use of hard disk mining for computing power contribution (POW-BASED) and block producer economic incentives (DPoS) After being launched in January 2015, Biyuan went through multiple upgrade iterations, but due to technical reasons, it was not updated. According to the official introduction, there are two main working mechanisms for the original network: one is to run nodes on Bitcoin; The other is the transaction processing method on Ethereum. (Martian Finance and Economics)

Can Bitcoin rise to 600 more than the original chain in the future

Bitcoin is a Decentralized computing platform based on the blockchain, and its core product is the Bitcoin side chain. Since its launch in 2018, Biyuan Chain has maintained a high-speed development trend. On May 14, 2018, BTCC, jointly invested by Coin Mining Pool, Coinbase, and other institutions, officially launched the exchange and started Genesis Mining; Starting from the first quarter of 2019, BTC prices have climbed all the way to historical highs. But unlike before, from June to early July, investors were taken aback by the performance of “one player standing alone”, and a “bull market” came. It has been almost three months now, and the price of Bitcoin has also continued to decline. At the end of 2017, it was close to around $6000, and then quickly rebounded and rose. However, in late September, it fell again, and as of the time of publication, it had fallen below $4000 and is currently trading around $3800 According to previous reports, the Biyuan team announced the establishment of the Biyuan Laboratory in March last year, dedicated to the research and development of the Biyuan main network. In early 2020, a new version codenamed Grin and an improved upgraded version of the software – V God Client will be released. The internal testing phase of the testing network will begin at the end of January this year, and the iterative update will be completed before August 17th. After more than a year of research and community discussions, the first appearance of Biyuan Chain was in December 2018, and this news is considered one of the most disruptive technologies in the field of encryption by both industry and external parties. At the end of 2017, Vitalik Buterin, the founder of Ethereum, issued a proposal on EIP-1559, which allowed users to earn interest by pledging ETH or ERC-20 tokens, but at that time, less than 1% of people owned wallet assets using the protocol. In the second half of 2020, the original chain completed its third major change: hard fork, increased block rewards, reduced transaction rates, introduced POS mechanism, achieved innovative design of PoW+DPoS hybrid consensus algorithm and lightning loan model, and adopted a proof of equity system to solve the energy consumption problem of Bitcoin. However, with the recent popularity of DeFi, some miners are dissatisfied with this new plan. According to media reports, Biyuan Chain plans to deploy a new main network before the end of next year. However, due to certain uncertainties in the current market, some miners have chosen to temporarily shut down. Therefore, many people will focus on new projects. In contrast, for most skeptical partners, there may be better opportunities in 2019, but this does not mean that Biyuan will not successfully go public. If Biyuan can be successfully listed in the future, it is likely to become a Weather vane in the whole digital currency field, and even lead to large-scale competition in the industry.

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