Will Bitcoin (BTC) Hard Fork FoxBTC be Successful?

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Tech company, Z-Magnetars, has announced April 30th, 2018, as the likely hard fork date of the Bitcoin (BTC) blockchain to make way for the all-new forked cryptocurrency, FoxBTC. Specifically, it will take place at block height 52,0419, expected to happen on April 30th.

Decentralization of the Bitcoin (BTC) blockchain was seen previously when other hard forks of Bitcoin (BTC) such as Bitcoin Cash (BCH) and Bitcoin Gold (BTG) came into existence. FoxBTC wants to make use of the full power of decentralization by hard forking Bitcoin (BTC).

Important characteristics of FoxBTC include:

1) Hybrid POS and POW consensus mechanism

2) Store and exchange airdrop

3) 10MB block size

4) GPU mining

5) Fixed coin supply

Hybrid POS and POW Consensus Mechanism

FoxBTC will use both the proof of stake and proof of work mechanism to give 6% annual incentive to users who stake with FoxBTC token as a yearly ROI.

Store and Exchange Airdrop

FoxBTC offers an "airdrop banking function", where users will receive airdrops quarterly, every six months and yearly. The airdrop coins can be stored, exchanged or withdrawn from their system.

10MB Block size

FoxBTC has a 10MB block size, which ensures that unparalleled scalability is attained no matter the transaction volume, and a block interval of 3 minutes, unlike Bitcoin (BTC) with a block interval of 10 minutes and a block size of 1MB.

GPU mining

Users who desire to mine FoxBTC with GPU can do that with ease and should expect a block reward of 50 coins, unlike Bitcoin (BTC) that could be mined with ASIC chips processors.

Fixed coin supply

 Total supply is 27 million coins with the following distribution: 16.5 million are in circulation (the same number as BTC in circulation),  5.5 million coins reserved for PoS and PoW rewards, 1 million coins for the team and 4 million allocated for airdrops.

We believe that, with this distribution mechanism, the coin will survive and not suffer the ill fate of the many coins who precede it.

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

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