In the rapid development of blockchain technology, Bitcoin, as an industry pioneer, has always faced security challenges, especially the potential threat of 51% computing power attack. In order to fundamentally solve this problem, the Bitcoin community has undergone in-depth research and technological innovation, and is about to launch a revolutionary "Bitcoin par value system" to inject strong impetus into the security and sustainable development of the Bitcoin network.
Bitcoin Denomination System: A Milestone in Reshaping the Hashrate Landscape
The core of this innovative solution is to introduce an innovative Bitcoin denomination system, which includes eight different denominations (10MM to 21MM). These denominations are inspired by Satoshi Nakamoto's Bitcoin halving mechanism and are closely integrated with global consensus, aiming to achieve effective decentralization and incentives for computing power through technical means. With the help of advanced brc20 (4_byte, 5_byte) and src20 technologies, the Bitcoin denomination system not only achieves the precise allocation of denomination rewards, but also promotes the optimization and reconstruction of computing power structure.
Distribute computing power to resist 51% attacks
Through the Bitcoin denomination system, each new block is automatically matched with a specific denomination reward based on its last number, and is given priority to small miners whose computing power accounts for less than 1% of the entire network. This mechanism greatly encourages the participation of small mining pools and independent miners, effectively decentralizes the distribution of computing power in the network, significantly reduces the possibility of any single entity or group launching a 51% attack, and builds a solid foundation for the Bitcoin network. A solid line of security.
New income guarantee for miners drives industry prosperity
Faced with the income challenge brought about by the halving of new block rewards, the Bitcoin face value system innovatively adopts the PoS (Proof of Stake) mechanism to provide stable Bitcoin face value rewards for fixed "second-generation Bitcoin miners". This not only ensures miners' stable income in transaction fees, but also stimulates miners' enthusiasm to continue participating in mining, thereby enhancing the vitality and prosperity of the entire Bitcoin mining industry. As more miners join, the transaction processing capabilities of the Bitcoin network will be significantly enhanced, and fee income will also achieve steady growth.
R&D progress and future prospects
Currently, the Bitcoin par value system is in an intense development and testing phase, and all technical details have been strictly verified and optimized to ensure the stability and security of the system. According to official sources, the system is expected to be fully launched at the end of September this year, which will mark a major upgrade of the Bitcoin security defense system and bring unprecedented development opportunities to Bitcoin and its ecosystem.
The upcoming implementation of the Bitcoin par value system is not only a major enhancement of Bitcoin security, but also another profound exploration of the application of blockchain technology. We have reason to believe that with the implementation of this innovative solution, Bitcoin will usher in a new era of greater security, stability and prosperity.
