ThebCC.info

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github.com/bitconnectCoin/bitconnectX

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FAQS:

What are the biggest risks?

bitconnect stats?

I have GPU, can I mine?

Where's the scam here?

 

What is pure proof of stake?

How do I enable coin control?

Is the software safe?

Can I game while I mine?

What are the biggest principles upon first setup?

Are the bitconnects hot wallets?

Inflation?

I want to buidl, what can I do?

What's the least a wallet or a UTXO can mine with?

 

How do I use the anonymization aspect of the blckchain?

How is anonymization incentivized?

Am I really mining here?!

Why all the fuss about being safe?!

Coins mined per day? Average block rewards?

Is it worth running more nodes on spare computers, or virtual server?

What is coin control and why is it important?

 

How do I know I have the real bitconnects?

How do I find my address on the blockchain?

 

I opened my wallet and it gives me an error?

 

What is PoS?

What is PoA?

What is PoW?

What's hidden?

 

Why am I being mansplained into the old brand / original wallets?

How do I get more out of staking?

How do I know I own a reasonably secure blockchain?

Who has all the coins?


What's the plan with chainConnect?

What is a UTXO?

 

Why not bloody fork, n00b!

How do I withdraw my proof of stake block / miner rewards from UTXO's?

Can I long and short the bitconnects?

How do I allocate capital with my UTXO's, without messing with my stake weight?

What can I do with my stakes?

Howmuch game theory is in bitconnect?

 

What's the difference between BCC and BCCX?

What do I need to mine?

What does it all boil down to?

What happened?

Does better hardware / ping improve chances of mining a block?

 

Can I mine both blockchains at the same time?

 

I keep hitting orphans?

 

Is mining not a lottery?

 

In bitconnect, are coins hashrate?

How is this diefferent from DOGE, LTC, BTC, RVN etc?

I was in the BCCX ICO, what do I do?

bitconnect feels like a crypto cheat code? Is this legal?

I want bitkannee

Funds safu?

How does this differ from BitCoin Lending or Ethereum Defi?

The underlying bitconnect blockchain technology was pioneered by Sunny King, derived from the Satoshi Nakamoto BitCoin source code and BTC QT interface. The earliest known public conversation of proof of stake is HERE.

The bitconnect source code is an evolution of the BitCoin source code, as-well as; LiteCoin (scrypt), PeerCoin (proof of stake & compound UTXO), NovaCoin (proof of work & proof of stake in-tandem) and ZeroCoin (anonymity). bitconnectX is an evolution of all these blockchains, including bitconnect and the inclusion of a social consensus protocol called  "Proof Of Activity", (which is a mix of proof of stake & proof of work).

Both chains require users to connect and stay connected, in order to win a block reward and/or miner-fee mining reward. This is done with your personal computer or cloud-computing service.

 

When you run the wallet software your PC becomes full-node capable, a proof of stake full-node via the internet. A full-node in cryptocurrency is typically a device / piece of hardware which is enabled by software to generate / hash / mine / sign a block on a blockchain. In bitconnect world, mining is done without intensive hardware computation / energy, it is done with your coin and time.

Coin control within your wallet user interface is integral to harnessing proof of stake and being an active block producing full-node is how you generate blocks consistently (providing you have UTXO's laid in a certain way).

Coin control enables you to micromanage your coins, enabling you to view all of your chunks of coins and recieved transactions. Enabling coin control is the difference between hitting a block and not. 

Efficiently managing your UTXO's at some point after mining blocks / halvenings is very important to getting paid for the resources, time, energy and hardware you have put into the blockchain network(s) and participation is key to getting paid mining rewards and keeping a blockchain alive.

In staking your UTXO coin stacks accrue coinage based interest and that is also calculated as weight, on BCC that grows in scale with the size of that UTXO within the wallet interface, with an active miner emoji. That UTXO coinage / mining power competes on the network against other UTXO's to mine a block. Your coin, vs someone elses coin, hashing for blocks.

 

BCC
BitConnect Coin / bitconnectCoin is a pure proof of stake blockchain. When blocks are generated, to the best of our knowledge they are locked to 10% interest (based on participation), per 365 days. The greater the participation in the BCC blockchain, the greater the inflation.

 

BCCX

BitConnect X / bitconnectX Genesis /  X-Genesis / BCCXGenesis / X is a proof of actvitiy blockchain. When blocks are generated, it seems to be locked to 80% interest, per 365 days. Making a fully mined 2025 BCCX, a bit like BTC in 2120, now. Zero inflation. Proof of activity is a direct combination of proof of work and proof of stake, you prove your stake with an act of work, via BCCX full-node to verify a proof of stake above a certain UTXO threshhold. With bitconnectX, you must maintain a UTXO above 960 to be an active blockchain supporter in blockchain block production.

Concluding

In bitconnect world, you could say time is money.

 

Block rewards and eventually miner rewards are your payment for actively participating. Your UTXO stakes are  kind of floating in the blockchain and the blockchain is floating on the markets (hopefully lol). Everything depends on being connected and the incentive to being connected is the mining reward.

bitconnect blockchain are the same software as BitCoin but they are graphical-user-interface full-nodes which account time (over energy), the 4th dimension. bitconnectX? 4D & 3D, via human on-chain stake proof activity (real world mining of a digital blockchain via a proof of stake physical act).

 

 

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