What is Bithereum

Bithereum

THE HARMONIZATION OF BITCOIN AND ETHEREUM
The harmonization of Bitcoin and Ethereum. Bithereum aims to do what no other hard fork has done, by fusing the visions of both Bitcoin and Ethereum, ultimately revolutionizing mining, improving scalability, and increasing network consensus.


Democratization

Prior to shifting to Proof-of-Stake, BTH will begin mining through a Proof of Work algorithm, a democratized mining structure that will bring mining back to the people.

Scalability

Rather than relying on one solution, BTH utilizes a multitude of scaling solutions including PoS mining, Lightning Network, and Segregated Witness, all the while exploring the future roadmap of Ethereum.

Improved Consensus

Blockchain is built behind the idea of a consensus network and the divide within BTC has hindered this. PoS mining once again prioritizes consensus in the blockchain.

REVOLUTIONIZING MINING VIA PROOF-OF-STAKE

Speed, efficiency, security. Enter Proof-of-Stake: Ethereum’s answer to todays mining issues. PoS is a transaction validation method that allows users to stake their holdings to participate in mining. Simply put, it eliminates the need for expensive hardware, mitigates high energy costs, and increases the network security, making it the ideal form of mining.

The World's First Hard Spork

Bithereum will be a coin that benefits both chains, becoming the first hard spork of its kind. Bitcoin will first be hard forked to make changes to the protocol that will allow it to be a superior form of peer-to-peer currency, while Ethereum will be hard spooned by taking a snapshot of the existing account balances of ETH holders to reward them in Bithereum. As BTH utilizes a significant portion of Ethereum's vision, unlike all of the other BTC forks, we will also be awarding all ETH holders with coins, giving them the ability to stake their coins in the future as well.

Segregated Witness

Increased block-size as an on-chain scaling approach, creating scalability for world wide usage and growth.

Lightning Network

Lightning Network increases transaction speed by moving transactions off chain into channels which report back to the main chain periodically. This process clears up more space, allowing a greater amount of data to be stored on each block, reducing transaction times while also lowering transaction costs.

Replay Protection

A complete two-way replay protection mechanism will be implemented to ensure that holders transact on the correct chain.

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