Fast
SwiftTX payments confirm in a second thanks to Masternodes.
Decentralized
Anybody with a computer can stake to earn money and contribute to running the blockchain.
Economical
Bitcoin 2 uses the latest thoroughly tested Proof of Stake algorithm. Greatly reducing electricity use compared to Bitcoin.
Low fees
Send money globally for less than a cent.
Scalable
As of now, maximum transactions per second roughly 40 times more than Bitcoin.Comparison Chart
Bitcoin 2
Bitcoin
Bitcoin Cash
Dash
Maximum Supply
21 million
21 million
21 million
18.9 million
Algorithm
PoS
SHA256 PoW
SHA256 PoW
X11 PoW
Block Interval
1 minute
10 minutes
10 minutes
2.5 minutes
Max TX/day
~20 million
~0.5 million
~16 million
~4 million
Privacy
Yes, zBTC2
No
No
PrivateSend - Has privacy issues
Instant TX
Yes
No
No
Yes
Budget Tax
No
No
No
10% of block rewards
In-wallet BIP38 Encryption
Yes (private key)
No
No
No
Premine
No
No
No
Yes, 2 million Dash
Bitcoin 2 Core Wallets - v.2.2.1
Exchange BTC2
Estimated Annual Yield
Running a masternode: 76.17% [How?]
- (1000 BTC2 becomes 1761.7 BTC2.)
- Detailed information about BTC2 masternodes at masternodes.online
Staking BTC2: 39.55%
- Based on actual data, updated daily.
- Block rewards are fixed but staking yield depends on the percentage of
coins that are currently staking, and it is variable.
- Inflation is fixed at around 2% per year until maximum supply of 21m is reached.
- (1000 BTC2 becomes 1761.7 BTC2.)
- Detailed information about BTC2 masternodes at masternodes.online
Staking BTC2: 39.55%
- Based on actual data, updated daily.
- Block rewards are fixed but staking yield depends on the percentage of
coins that are currently staking, and it is variable.
- Inflation is fixed at around 2% per year until maximum supply of 21m is reached.
Frequently Asked Questions
Sending the old Bitcoins can sometimes be more expensive than wire transfers and slow compared to other crypto currencies. The transactions are also trackable. With all the fighting about what to implement going on, major improvements to Bitcoin come slowly if at all.
Thus Bitcoin 2 had to be born. Bitcoin 2 solves those problems and is also fast enough to be accepted as a payment method by retail shops and grocery stores due to the SwiftTX feature.
Thus Bitcoin 2 had to be born. Bitcoin 2 solves those problems and is also fast enough to be accepted as a payment method by retail shops and grocery stores due to the SwiftTX feature.
Yes, a Bitcoin transaction is not valid in the Bitcoin 2 blockchain and vice versa due to the differences
between the transaction formats and the blockchains.
Easiest way would be to send your BTC2 to the staking web wallet. Staking would begin automatically and continue without interruptions.
But if you want the full rewards, just download and install the Bitcoin 2 Core Wallet, let if fully synchronize and then import or send your Bitcoin 2s there. Then all you have to do is keep the application running. Staking will begin automatically 101 confirmations/minutes after you get the first coins if the wallet is unlocked.
But if you want the full rewards, just download and install the Bitcoin 2 Core Wallet, let if fully synchronize and then import or send your Bitcoin 2s there. Then all you have to do is keep the application running. Staking will begin automatically 101 confirmations/minutes after you get the first coins if the wallet is unlocked.
Everybody using the Bitcoin 2 Core wallet or leaving it on helps run the blockchain all the while earning Bitcoin 2s.
A staker who creates a valid block gets rewarded 0.6 Bitcoin 2s until the maximum supply has been reached. The staker also gets the transaction fees for that block.
A staker who creates a valid block gets rewarded 0.6 Bitcoin 2s until the maximum supply has been reached. The staker also gets the transaction fees for that block.
The more Bitcoin 2s you have in your Bitcoin 2 wallet, the higher the chances and frequency of getting block rewards. Only a small portion of the coins
in circulation are being staked at any given time so you do not need to own a lot of Bitcoin 2s to be able to get block rewards.
If for example the staking ROI is 55%, and you have 400 BTC2 on your staking wallet, you would averagely get around 1 reward per day.
If you staked with 4000 BTC2, then ~10 rewards per day averagely, and so on. The rewards for masternode holders are more frequent.
If for example the staking ROI is 55%, and you have 400 BTC2 on your staking wallet, you would averagely get around 1 reward per day.
If you staked with 4000 BTC2, then ~10 rewards per day averagely, and so on. The rewards for masternode holders are more frequent.
Staking the BTC2 that you have in your Bitcoin 2 Core wallet starts when you start a fully synchronized unlocked wallet that has mature coins (101+ confirmations).
A green icon will show at the bottom right if you are staking. Click Tools - debug console and type: getstakingstatus to see what is wrong if it is not green.
A green icon will show at the bottom right if you are staking. Click Tools - debug console and type: getstakingstatus to see what is wrong if it is not green.
No more than Bitcoin. The number of Bitcoin 2s in circulation will only increase by about 2% per year until the maximum number is reached.
The number of Bitcoin 2s in circulation will never increase beyond 21 million, making Bitcoin 2 a much better store of value than any fiat currency.
At the current rate, in 10 years there will be almost double the amount of US dollars in circulation! This is why investing in gold or Bitcoin is so popular.
The number of Bitcoin 2s in circulation will never increase beyond 21 million, making Bitcoin 2 a much better store of value than any fiat currency.
At the current rate, in 10 years there will be almost double the amount of US dollars in circulation! This is why investing in gold or Bitcoin is so popular.
zBTC2 is the anonymous version of Bitcoin 2 that uses the Zerocoin protocol. You can convert your BTC2 to zBTC2 or vice versa in the wallet.
Note that right now you can only stake BTC2, not zBTC2 (the anonymous coins). Support for staking zBTC2 is in development.
Read more about zBTC2 and the Bitcoin 2 Zerocoin Protocol
Note that right now you can only stake BTC2, not zBTC2 (the anonymous coins). Support for staking zBTC2 is in development.
Read more about zBTC2 and the Bitcoin 2 Zerocoin Protocol
Bitcoin 2 Core developers alongside with any new contributors will work on: Bitcoin 2 Decentralized Exchange Network and continue to implement any further important advances in cryptocurrency technology such as the Dandelion Protocol.
Our long-term goal is to partner with a mobile point of sale payment service or creating one with rewards in the mobile app to entice users and create more real world use for Bitcoin 2.
Anyone interested in developing Bitcoin 2 further can contribute to the Bitcoin 2 github.
Our long-term goal is to partner with a mobile point of sale payment service or creating one with rewards in the mobile app to entice users and create more real world use for Bitcoin 2.
Anyone interested in developing Bitcoin 2 further can contribute to the Bitcoin 2 github.
It works just like the "InstantSend" feature in Dash. When a user chooses to send a transaction as a SwiftTX, the transaction will be sent to Masternodes to process and it gets verified and guaranteed by them almost instantly.
Thus there is no need to wait for the transaction to appear in a confirmed block. This type of payment is made for Point of Sale situations in the real world.
Thus there is no need to wait for the transaction to appear in a confirmed block. This type of payment is made for Point of Sale situations in the real world.
They process and guarantee the SwiftTX transactions along with adding to the speed, connectivity and redundancy of the network.
The Masternode at the head of the queue-like system gets rewarded 0.2 Bitcoin 2s on every newly created block (25% of the total block reward), regardless of who created the block. Most of them also get included as seed nodes after they have been online long enough. Seed nodes are the first nodes that new wallets connect to in order to find peers.
The Masternode at the head of the queue-like system gets rewarded 0.2 Bitcoin 2s on every newly created block (25% of the total block reward), regardless of who created the block. Most of them also get included as seed nodes after they have been online long enough. Seed nodes are the first nodes that new wallets connect to in order to find peers.
You will need to have 1000 Bitcoin 2s as collateral and run a VPS or a dedicated server. You can Read more about running a Masternode for Bitcoin 2 here.
You can check that figure at the top of the Bitcoin 2 Block explorer.
Just download the newest .zip/tar.gz file, shut down your wallet and wait for it to finish shutting down. Then copy the executable files in the bin folder to replace the ones you had installed already.
Also for the v.2.2.1 update, best to delete fee_estimates.dat in the data folder so that your wallet would not estimate too low transaction fee.
Also for the v.2.2.1 update, best to delete fee_estimates.dat in the data folder so that your wallet would not estimate too low transaction fee.
In some cases downloading a snapshot can be faster. So you can just download this Bitcoin 2 blockchain snapshot and follow the instructions in the ReadMe.txt.
Windows
Go to Start > Run > %APPDATA%\Bitcoin2
(or just enter the above path in explorer)
or C:\Users\%username%\AppData\Roaming\Bitcoin2
OSX (MacOS)
Open a finder window, then select the "Go" dropdown menu. In this menu please press the "Go to Folder..." option. In the window that opens type: ~/Library/Application Support/Bitcoin2 and press enter. If the folder cannot be found please repeat the steps and enter: ~/.bitcoin2
~/Library/Application\ Support/Bitcoin2
(/Users/YourUserName/Library/Application\ Support/Bitcoin2)
Or: (/Users/YourUserName/.bitcoin2)
Linux
~/.bitcoin2 (hidden folder)
Go to Start > Run > %APPDATA%\Bitcoin2
(or just enter the above path in explorer)
or C:\Users\%username%\AppData\Roaming\Bitcoin2
OSX (MacOS)
Open a finder window, then select the "Go" dropdown menu. In this menu please press the "Go to Folder..." option. In the window that opens type: ~/Library/Application Support/Bitcoin2 and press enter. If the folder cannot be found please repeat the steps and enter: ~/.bitcoin2
~/Library/Application\ Support/Bitcoin2
(/Users/YourUserName/Library/Application\ Support/Bitcoin2)
Or: (/Users/YourUserName/.bitcoin2)
Linux
~/.bitcoin2 (hidden folder)
You will need to copy the wallet.dat file in the data directory when the wallet is not running. (Bitcoin 2 Core should be shut down before copying). Backups of this file are created automatically to the backups folder inside the data directory.
See the above question if you need help in finding the data directory.
In order to restore a backup or move your wallet to a new computer, you just have to install Bitcoin 2 there like normally, and then copy your backup of your wallet.dat in the newly installed data directory when the wallet is not running. (Bitcoin 2 Core should be shut down before copying).
See the above question if you need help in finding the data directory.
In order to restore a backup or move your wallet to a new computer, you just have to install Bitcoin 2 there like normally, and then copy your backup of your wallet.dat in the newly installed data directory when the wallet is not running. (Bitcoin 2 Core should be shut down before copying).
Try restarting the wallet if you did not already. If you have less than 4 connections/peers after the wallet has been running for several minutes, try disabling any firewalls and deleting the peers.dat and banlist.dat files from Bitcoin 2 data folder. Then start the wallet again. If that does not help and the wallet shows that you have more than a few connections/peers, then click to go to Tools - Information - and click the "delete local blockchain folders" button to let it resync.
Since June 2019, we started making claiming BTC2 from the Bitcoin fork more difficult. They had been easy to claim for 15 months already, which was plenty of time and that was a good start to our blockchain and distribution.
But they will not be so easy to claim anymore. Most new claims ended up getting dumped as free money, which affected BTC2 negatively.
The unclaimed fork balances have been made hard to see or spend, but they have not been removed.
But they will not be so easy to claim anymore. Most new claims ended up getting dumped as free money, which affected BTC2 negatively.
The unclaimed fork balances have been made hard to see or spend, but they have not been removed.
It happens to everyone and it does not affect your holdings nor expected staking ROI. In some cases someone else creates a block a little bit before you and gets it transmitted and accepted by the network before your wallet receives that block.
Meanwhile you had created a block and received a reward that turns out to be in an orphan block and thus not accepted by the network.
The wallet then marks it red as an orphan transaction.
Short answer:
Use a fully updated Raspbian and the ARM 32 bit version of the wallet.
Long answer:
A member of our community created an in-depth step by step guide.
Use a fully updated Raspbian and the ARM 32 bit version of the wallet.
Long answer:
A member of our community created an in-depth step by step guide.
Technical details about Bitcoin 2 and its privacy protocol can be read here.
BTC2. Some services may use BTCT in the future.