Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinPoW (BTCW) - Bitcoin using PoW/PoT to eliminate mining pools
by
john1010
on 28/12/2023, 03:16:26 UTC
BitcoinPoW is Bitcoin using proof of work(PoW) and proof of transactions(PoT) to verify blocks. This new mining technique naturally makes mining pools useless. This will form a highly mining decentralized Bitcoin.

Here is the White paper:

https://github.com/fluffyfunction/BitcoinPoW/blob/23.x/README.md


Come to Telegram to get free coins to start mining:
https://t.me/BitcoinPoWPoT

Twitter:
https://twitter.com/bitcoin_pow

Website:
https://www.bitcoin-pow.org

Explorer:
https://explorer.bitcoin-pow.org



Interesting project, I like the idea of combining PoW and PoT to eliminate mining pools and increase decentralization. However, I have some questions and suggestions for improvement:

- How does PoT work exactly? What are the criteria for selecting the transactions to verify? How do you prevent double-spending or other malicious attacks?
- How do you ensure the security and scalability of the network? What are the advantages and disadvantages of using SHA-1 as the hashing algorithm?
- How do you distribute the free coins to start mining? What is the total supply and the inflation rate of BTCW?
- How do you plan to attract more users and developers to your project? What are the main use cases and benefits of BTCW over other cryptocurrencies?
- How do you deal with the legal and regulatory issues of operating a cryptocurrency? What are the risks and challenges that you face?

I think your project has potential, but it needs more clarity and transparency. I suggest you update your white paper with more details and provide some evidence or proof of concept for your claims. I also recommend you engage more with the community and get feedback from potential users and investors. I hope you succeed in your endeavor and I look forward to hearing more from you.