Bitcoin Origin is The world's first Multi-Fork meets Blockchain without a server at this time

in #bitcoin • 6 years ago (edited)

Hi Everyone !
The steemit community

In this new post I would like to introduce about the Bitcoin Origin project, and for more details let us discuss about this project as follows :

Before discussing more about Bitcoin Origin, I'll tell you a bit about what "Hard-Fork" is in the world of cryptocurrency. Hard-fork is a condition when a coin developer of a cryptocurrency agrees to apply a new feature or change to the coin programming system. Hard-fork aims to upgrade the security of the coin network and adapt to the growing number of users. the hard fork case that ever happened was, In 2016 the DAO was hacked on the Ethereum platform, then the ethereum developer team did the hard fork and produced a new Altcoin called Ethereum (ETH) and the old coin called the Ethereum Classic (ETC). another example, by 2017 hard fork is done on the Bitcoin core network that results in Chain splitting and becoming a new Altcoin called Bitcoin Cash (BCH).

About Bitcoin Origin

Bitcoin Origin is a platform that uses blocks to solve problems related to direct damage to users, and poorly implemented loyalty programs and increased liability to companies as a result of too many loyalty programs using scores. Bitcoin Origin integrates points into Bitcoin Origin tokens (ORI) and provides users with loyalty programs. For the lowest cost with maximum security. In addition to reliability and low transaction costs, Bitcoin Origin uses block-block technology to eliminate intermediaries, providing users and partners with more sensible results.

Bitcoin Origin is a global and decentralized platform, used to manage cumulative points and loyalty programs. Analysis of a large number of different loyalty programs using points, the developer did not find a good application. This leads to direct damage to users, as well as loyalty programs that are not successfully implemented and increase liabilities to the company.

Bitcoin Origin is offers a solution to this problem using blocking technology. Due to low transaction costs and high security, Bitcoin Origin can convert scores into Bitcoin Origin tokens (ORI) and provide users with loyalty programs.

The features of Bitcoin Origin

Broadly speaking there are 5 features offered by Bitcoin Origin.

  1. Multi-Layered
    Multi-layered is a feature that allows to perform scale calculations on the comparison of hard-fork.
  2. Multi-state
    Users can use their original tokens as cost and reward blocks, each has its own name, its own virtual machine and its own ecosystem supported by Bitcoin Origin.
  3. Cross-Chain
    Bitcoin Origin has developed a token based on ethereum, enabling the ethereum token converter to be native token with a multi-state engine.
  4. Proof Of Ambasador
    Community from Bitcoin Origin who holds ORI token share can do Vote. And will campaign and will be rewarded in accordance with the efforts of the campaign.
  5. Serverless Blockchain
    With the network technology developed by Bitcoin Origin, all members of the public have the ability to introduce their own serverless blockchain. This blockchain is part of Bitcoin Origin's Network Validators (Ambassadors).

The problems in a project finish

  • Increase in corporate liabilities : unused points are recorded as liabilities as customer points become less used, corporate liabilities become more significant and negatively impact their financial estimates.
  • Poor fidelity program performance : the low use of points, companies can not achieve loyalty program performance, as expected. poor performance such as putting social costs for customers and businesses.
  • Complexity control points : your average is enrolled in 29 different point programs, making it difficult to control points and lead to the fact that the points end. The benefits to be provided by this platform. Both users and businesses can take advantage of the Bitcoin Origin platform. Users can redeem their points for Token Bitcoin Origin (ORI) or use their points at Shop Point. Users get access to promotions quickly through an ad channel to access special ads from interested companies.

Bitcoin Origin wallet allows you to simultaneously manage and integrate multiple partners at once. Companies have access to more customers, enabling them to quickly sell their products to bookmarks. The Bitcoin Origin exchange model helps companies effectively reduce their obligations. Partners can encourage greater loyalty to potential customers by using Bitcoin Origin and Store Feed.

Token Economics

  • Tranched Release and Whitelisting
    Bitcoin Origin will be released in daily tranches, in a structured manner, to ensure organic growth and prevent whales or large organizations from off-loading ORI tokens on partner exchanges. To claim your Bitcoin Origin Tokens, holders of Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash will need to whitelist using our easy to use claiming tool.
  • Bitcoin Origin is Self Funded
    The experienced Bitcoin Origin founding team truly believes in the project and as such have placed their own capital at stake. Bitcoin Origin has been funded entirely in house thus far and there is no ICO planned for this project.

Token Bitcoin Origin is designed as a token-compatible ERC20 on the Astraleum platform and use of blocking technology. Target group Bitcoin Origin is an airline, travel agency, market leader, and online store worldwide. With benefits like Bitcoin Origin based on sophisticated, safe and effective blocking technology, it will control billions of dollars in global markets.

Token Allocation

Proposed Approach

Earnings derived from Community Rewards Pool are as follows :

  • Ambassadors Pool
    5% of Liquidity Pool will be allocated to an "Ambassador Pool" and split between top 20 monthly Ambassadors based on ranking.
  • Voting Pool
    25% allocated to "Voting Pool" with voting starting on the 1st of every month, closing on the 25th of every month. Voting is not a requirement, however only community members participating in the lockup are eligible to vote and in turn benefit from their portion of the voting pool.
  • Lockup Pool
    70% allocated to "Lockup Pool", this will be for all Bitcoin Origin holders who lockup their tokens, irrespective of votes.

Roadmap

  1. Jan - Jun 2017
    • Mining problems arise due to “dirty” power usage, centralization of mining resources, and reduced profitability in PoW Mining Industry - the Bitcoin Origin idea is born.
  2. Jul - Sep 2017
    • Gathering of the Bitcoin Origin Team – Developers, Designers, General Managers, Project Managers, PR staff, Support Staff and Call Centre Agents.
  3. Oct - Dec 2017
    • Position Paper Completed.
  4. Jan - Mar 2018
    • Proof of concept for POA infrastructure.
    • Proof of concept for Multichain Applications.
    • Website Completed.
  5. Apr - Jun 2018
    • Whitepaper completed.
    • Partnerships Secured for full security Audit.
    • Community Building.
    • Customer Support Team Setup.
    • Infrastructure Completed and upgraded for Bitcoin Origin Launch.
    • Bounty Campaigns Setup.
    • Prepare for the Launch of the ERC20 token onto multiple exchanges.Multiple Full code Audit on Bitcoin Origin completed (Independent and in-house).
  6. Jul - Sep 2018
    • Testnet Launch.
    • Full nodes.
    • Full wallets.
    • Lite wallets.
    • Mobile Wallets.
    • Claiming Tools.
    • Bitcoin Origin Fund begins work on Crypto Based Projects.
  7. Oct - Dec 2018
    • Mainnet Launch.
    • Bitcoin Origin Conference.
    • Scalability Improvements.
    • Bitcoin Origin non-profit begins to assess projects.
    • Bitcoin Origin Education Fund begins work on the education platform.
  8. Jan - Mar 2019
    • Privacy.
    • Community Development Funding Platform – Allowing the community to submit and fund improvement protocols.
    • Community ICO Funding Platform.

Core Team

Greg van der Spuy
Entrepreneur | Investor | Blockchain | Co-Founder at Origin | Co-Founder at Bitfair

If there is one thing professional gaming taught me, it is that adaptability, resourcefulness and determination drive real growth.

As a gamer, you're often thrown into uncharted territory and have to rely on your skills and presence of mind to adapt to new situations and develop solutions. With the world of tech rapidly evolving, successful entrepreneurs need the ability to respond promptly and effectively.

As a lover of innovation and constructive disruption, moving into the cryptosphere was inevitable. I started mining Bitcoin in early 2012 and soon acquainted myself with the inner workings of cryptocurrencies. This led to the founding of Affinity Mining, a cloud based cryptocurrency mining solution as well as a passive index fund.

My next venture in the cryptosphere was BitFair — An Over the Counter derivative exchange allowing traders to profit during up or down price movements of their favorite cryptocurrencies. Bitfair is set to launch its own no-fee asset exchange and disrupt the world's largest market — the $1.2 quadrillion derivative market — with its decentralized derivative protocol.

Bitcoin Origin is my most ambitious project yet. It is the World's First penta cryptocurrency fork with a clear goal to make real-world serverless blockchain adoption possible. The Bitcoin Origin project will build and improve on the features of existing PoW cryptocurrencies. It will improve the overall utility, functionality, scalability, and lack-of-privacy inherent in the PoW cryptocurrencies, and deliver serverless Blockchain-as-a-Service projects to the corporate sector and in turn solving economic abstraction.

JP van der Spuy
Co-Founder of Bitcoin Origin

Entrepreneur. Investor. Blockchain Strategist.

Transforming Blockchain into real world solutions are my passion. I've built and exited some great companies, with a keen eye for Crypto economics and ecosystems. I believe that Blockchain technology will shape business of the future and will prove to be as significant as the internet itself.

Blockchain is digital DNA, its pure existence is the history of it's past - securing that formula is the future of trust. I conceptualized a consensus mechanism called Proof-of-Ambassador because I believe that Blockchain should be distributed trust - secured by public validators with their reputation at stake, who are incentivized to secure it's past. Proof-of-Ambassador is an autonomously distributed public assurance, providing the community of it's ecosystem with the authority to manage it's own democracy in an effort to create the ultimate trusted consensus.

Advisors Team

For more information, you can visit us below :

Author by Dico88
My ETH : 0xBdc50Fc5e4d30887DFa1F0B495aAf4011a6Eb1a2

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6 years ago in #bitcoin by
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