What is BitYuan (Is BitYuan real or fake)?
What is BitYuan? What is it?What is BitYuan?What is BitYuan? The birth of BitYua
What is BitYuan? What is it?
What is BitYuan?
What is BitYuan? The birth of BitYuan is based on cryptography, distributed ledgers, and smart contracts, forming a new type of blockchain infrastructure. By combining consensus protocols, innovative technologies such as encryption algorithms, and traditional industries with the field of digital currency, it provides a new technological foundation for commercial value and constructs a new decentralized business model.
Starting from Bitcoin, the concept of “public chain” was proposed. There are already hundreds of thousands of DApps (Decentralized Blockchain) on the Ethereum network, but these platforms still cannot meet market demands. To achieve this goal, “public chains” are further divided into two types: a group of new “miners,” “developers” (mining), or node operators (mining pools). Both represent a new industrial ecological system – BitEconomy.
So, what exactly is BitYuan? BitYuan is a new network architecture that mainly supports various complex applications. Additionally, it includes some new features, such as allowing users to directly control their computers and participate in computing, and allowing others to remotely participate in mining or debugging. Lastly, it is a complete blockchain database that contains all data, such as transaction history, block generation time, etc. Both of these basic elements can serve as the underlying supporting technologies to ensure the secure and reliable operation of the entire system.
For ordinary investors, the cross-border integration between “public chains + consortium chains” not only improves the overall security of the project but also reduces operating costs. Compared to existing mainstream blockchain systems, BitYuan provides multiple features in a more flexible and efficient manner with “consortium chains + open-source community.”
Is BitYuan Real or Fake
Today, BitYuan (Bitmain) tweeted about the decline in coin prices. According to their statement, “I have never been in contact with BitYuan personally, nor have I ever invested in them.” It is reported that “BitMain” is a well-known domestic digital currency mining machine sales platform and bitcoin computing power mining service provider.
However, in reality, “BitMain” is not a genuine blockchain company but rather a counterfeit Bitcoin technology company and encrypted asset trading company, etc.
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