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BDTCOIN brings an electronic coin as a chain of digital signatures.

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BDTCOIN brings an electronic coin as a chain of digital signatures.

December 06
15:30 2022
BDTCOIN is a decentralized cryptocurrency. Recently, the company proposed a solution for online transactions by emphasizing the importance of ICO.

BDTCOIN establishes itself as a decentralized digital currency. In recent progress, the company has generated a solution for the problem occurring during online transactions using cryptocurrency by emphasizing its Initial Coin Offering. 

The company uses a popular method of raising funds for early-stage cryptocurrency projects. During its ICO, BDTCOIN is creating a limited number of its native digital coins and distributing them to early investors in exchange for other cryptocurrencies such as bitcoin or ether. The company making the most out of digital crowdfunding allows startups to raise funds without giving up equity and build a community of incentivized users who want the project to succeed so that the value of their pre-sale coins rises.

Holders of BDTCOIN can also benefit from both access to the service provided by the coin and a rise. As BDTCOIN defines an electronic coin as a chain of digital signatures, each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.

The problem, of course, is the payee needs to verify that one of the owners did not double-spend the coin. A standard solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank. BDTCOIN is thriving to combat such issues and developing a way for the payee to know that the previous owners did not sign any earlier transactions

Therefore, the company has proposed a system for electronic transactions without relying on trust. They have started with the usual framework of coins made from digital signatures, which provides firm control of ownership, but is only complete with a way to prevent double-spending. To solve this, BDTCOIN proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control most of the CPU power. 

In addition, the network is robust in its unstructured simplicity. Nodes work all at once with little coordination. They do not need to be identified since messages are not routed to any particular place and only need to be delivered on a best-effort basis. Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.

About the Company – BDTCOIN

BDTCOIN emerges as a newly developed decentralized digital currency that uses a peer-to-peer network to enable direct value exchange between users. There is no centralized server in this network, and each user has an equal amount of power and connectivity. It makes it possible for parties to send and smoothly receive BDTCOIN payments and share and store data.

Potential users can visit the following links for further updates about the project.

Website | Telegram | Twitter

Media Contact
Company Name: BDTCOIN
Contact Person: JUS
Email: Send Email
Country: United Arab Emirates
Website: https://bdtcoin.co/