What is Super Bitcoin? Interesting Facts To Know About SBTC
A Bitcoin hard fork named Super Bitcoin (SBTC) was launched at Block number 498888 of the main chain with a tagline of “Make Bitcoin Great Again“ enabling enhanced Privacy, scalability and block size. Can Super Bitcoin make Bitcoin great again?
CoinCrump – The year 2017 was astonishing for Bitcoin community as the BTC hard fork into Bitcoin cash and Bitcoin gold. Also, Bitcoin price jumped to $19.87k level on 17th December 2017. While most people might not be knowing about the few other hard forks, few other projects are going on as well. Super Bitcoin (SBTC), one of the major project came into existence with some fantastic features focusing on making Bitcoin great again. So, in this article, we will talk about What is Super Bitcoin? Exchanges from where you can buy or sell SBTC, roadmap, and some of its essential features.
What is Super Bitcoin?
According to its official website, the expansion war over the past three years has severely hindered the development of the bitcoin technology. Bitcoin has lost a tremendous share of the cryptocurrency market due to aggressive competition coming from the likes of Ethereum and ZCash. The bitcoin community has therefore gathered a group of enthusiasts and developers who share the goal of revitalizing bitcoin dominance. The fork will take place at block height 498888, after which new functionalities will be added to the forked chain. The original bitcoin holders will be compensated with one super BTC for every BTC held.
Also, SBTC has a maximum supply of 21,210,000, of which 210,000 will be pre-mined. Till now, more than 75% of the Super Bitcoin trades through BTC followed by USDT and Bitcoin cash.
Features & Roadmap of Super Bitcoin
Although Bitcoin showed remarkable growth in past few months, yet it is facing some significant issues. People are currently paying $28 on average to make transactions using the digital currency, according to data by BitInfoCharts. Also, the Bitcoin network is restricted to a sustained rate of 7 transactions per second due to the bitcoin protocol restricting block sizes to 1MB. Whereas, VISA can handle on average around 1,700 transactions per second. Hence, to solve this issues Super Bitcoin came into play. Here, are some of its essential features:
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible. The Super Bitcoin community plans to launch the smart contract feature on 31 March 2018.
The idea behind LN is that not all transactions are required to be recorded on the Blockchain. With the Lightning Network, users can transact with anyone who is connected to their network of payment channels through multiple hops.
According to the official source, Zero-knowledge proofs will be added by May 2018. What is Zero-knowledge proof? In cryptography, a zero-knowledge proof or zero-knowledge protocol is a method by which one party (the prover) can prove to another party (the verifier) that a given statement is true, without conveying any information apart from the fact that the statement is indeed true.
Super Bitcoin is now introducing a new feature, namely ZkSNARK (Zero-knowledge Succinct Non-Interactive Argument of Knowledge). This feature is said to be the best as it permits all verification transaction without any need of wallet address.
We all know Bitcoin carried only 1MB blocks. But presently Super Bitcoin has come up with a new feature that never existed before is 8MB blocks.
Where To Buy Super Bitcoin?
You can easily exchange Super Bitcoin by BTC, USD, USDT, ETH using these cryptocurrencies exchanges:
- HitBTC https://hitbtc.com/
- YoBit https://yobit.net/en/
- Gate.io https://gate.io/
- HuobiPro https://www.huobi.pro/
- OKEX https://www.okex.com/
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