Fast Transaction & Low Fees
As a clearing currency in the whole BCP system, BCPC is capable of dealing with 3,000 transactions per second with a block time of 3 seconds to realize fast and low payments.
Main chain and side chains are combined to improve scalability of the network by taking advantage of the flexibility and independence of side chains.
With optimized CryptoNight algorithm, BCP overturns the current situation that big mining pool with over 51% GPU computing power bundling BTC and restores peer-to-peer democracy for global CPU individuals.
Make BCP and BCPC Mining Mechanisms Compatible and Connect Main Chain and Side Chains
We plan to adopt POI, voting rights ,IMO and lease mechanism with smart contracts on our side chains.
Convenient Conversion to Fiat Currency
BCP ecosystem will cooperate with traditional financial industry to make it more convenient to convert between fiat currency and cryptocurrency.
Start developing BCP blockchain (main chain)
Start developing BCPC side chains
The two parallel blockchainsof BCP and BTC collide at a certain block height
BCP/BCPC exchanges energy with BTC and delivers energy coins
MDN (Mission Delivery Network) run on BCPC online
(Tentative) Main chain BCP upgrades, implements a more democratized PoW mining mechanism and supports the dynamic mining of BCP/BCPC
(Tentative) Side chain BCPC upgrades and adopts POI + voting rights/lease mechanism to achieve fast and high-throughput transaction and connect the data channels of BCP and BCPC
Bitcoin Parallel, or BCP for short, a brand new public chain rather than a fork,is the next generation of decentralized global parallel blockchain ecosystem. With the six major characteristics of blockchain: shared ledger, consensus mechanisms, traceability, tamper-proof, immutability of completed transactions and smart contracts, BCP completely inherits the idea of Satoshi Nakamoto, but adopts a more optimized algorithm for PoW (Proof-of-Work). With the same 21 million circulation limit and the same 4-year reward halving mining schedule, BCP raises the block generation speed from 10 minutes to 2 and half minutes. It also plans to utilize an optimized CryptoNight algorithm that will revolutionize the current system. Instead of having a large mining pool of over 51% GPU hash power which threatens BTC, there will be a real return to the global CPU individual P2P of a democratized BCP.
By looking into the future development of the ecosystem of blockchain, we put forward the concept of virtual currency ecological chain in the chain of parallel blockchain, which includes one BCP main chain and two public side chain platforms. One of the public side chain platforms will support a combination of specialized online and offline side chains. The other public side chain platform is to support multiple specialized online side chains.
In order to accomplish the vision of having a blockchain that can link up the real world and the virtual world, the past, the present and the future. Through side chain currency such as BCPC, BCP is gradually attaining to work with a number of traditional financial businesses on blockchain. As the main chain of the entire ecosystem, BCP undertakes the asset routing function of the entire ecosystem.
There have been various problems since the development of Bitcoin so far:
1. Slow transaction speed;
2. High transfer fees;
3. Unfriendly with the real-world financial business and inconvenient to exchange with fiat money etc.
The birth of Bitcoin Parallel (BCP) solves these problems:
1. Improved transaction speed: BCP will dynamically adjust the size of a unit block (a block is generated in 2 and half minutes) up to 8M, which improves the utilization of transaction storage by the unit blocks;
2. Reduced transfer fees and lower user threshold: The emergence of a number of side chain currencies allows users to complete a transaction with less fees, so that more users can participate in the BCP trading activities in order to complete the economy activity;
3. BCP will later on work with the traditional financial industry. Combined with the use of a number of side chain currencies, it allows the various types of traditional financial activities such as the exchange of fiat money to be more convenient and flexible.
The most important difference is that Bitcoin's goal is to act as a means of payment, whereas Bitcoin Parallel (BCP) is to create a unique, multi-functional ecosystem that combines both online and offline functions.
Bitcoin Parallel Clear, or BCPC for short, is temporarily running on Ethereum's public chain (ERC20 Tokens). In the next phase, we plan to implement a completely new public side chain of POI + voting rights + leasing mechanisms + IMO mining nodes with smart contracts and to achieve the compatible mining (mining of two coins using one machine) of main chain BCP and side chain BCPC at the same time. The block generation time of a BCPC block will be 3 seconds, which can support a transaction speed of 3,000 transactions per second. In the entire BCP system, it plays an important role as a media of circulation, which connects the virtual and real financial businesses. Users can experience a smooth clearing and exchange of virtual currencies and mainstream fiat money through BCPC.
First of all, a number of side chains including BCPC will continue to expand the application scope and innovation dimension of blockchain technology, so that blockchain technology can gradually cover many traditional investment vehicles such as stocks, bonds and financial derivatives.
Secondly, the side chains can also promote blockchain technology to better protect personal privacy. Thirdly, since the code and data in the side chain technology are independent, the transactions will not become a burden to the main chain. These advantages of the BCPC side chains can solve some of the problems in the existing blockchain, such as speedy payment.
Currently, for micropayments, most blockchain related projects basically focus on payments among virtual currencies. However, in the BCP system, Bitcoin Parallel Clear (BCPC) can perform the exchange between virtual currencies and fiat currencies. Acting as a clearing house, with its strong support for fast transaction capabilities and the use of the main chain currency (BCP), it will be able to achieve rapid micropayments. At the same time, BCPC will work with the BCP main chain to achieve the interconnectionof transaction records and statistical data, and provides transaction trails for the financial industry in the real world.
Energycoins BCP and BCPC are estimated to be delivered at a certain block height between 506,000 and 507,000 to BTC holders and the specific time to claim the coins is up to the block network. Click [Claim your coins] on our website and fill in the information as required. We will receive your request upon submission. Energy coins are delivered in chronological order. Please complete your request in time when coins are available. Only BTC public key is required to claim your energy coins to ensure security and protect your privacy in an anonymous and decentralized way. Please follow our website and claim your coins as soon as possible.
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Maximum supply: 21 million of BCP & 46.6 billion of BCPC
Energy coin delivery rate: BCP : BTC = 1 : 1; BCPC : BTC = 1000 : 1
About the amount of BCPC: Out of the 46.6 billion coins, the former 16.72 billion BCPC are allocated to BTC holders at 1: 1,000; around 4.3 billion (21 billion minus 16.72 billion) BCPC are prepared for BCP miners to exchange with the foundation at 1: 1000 within 3 months when BCP is mined; 17.6 billion will be mined through the IMO verified node miner and be rewarded to the miners; 8 billion are allocated to the top 30 coin holders according to the market value of virtual currencies (weighted average 360 days). Please follow our website for detailed information.