What is the origin of Genesis BTC?

3 answers

• MazNov 15, 2022 · 3 years ago
  Genesis BTC is a cryptocurrency that was created as a result of a hard fork from the original Bitcoin blockchain. It was launched in 2017 by a group of developers who wanted to improve upon the limitations of Bitcoin. The main goal of Genesis BTC was to increase the block size limit to allow for faster and cheaper transactions. This was achieved by implementing a new consensus algorithm called Proof of Stake. Genesis BTC has since gained popularity and has a dedicated community of supporters.
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• Rui YuanApr 05, 2024 · a year ago
  Genesis BTC originated from a desire to address the scalability issues faced by Bitcoin. The developers behind Genesis BTC believed that increasing the block size limit would improve transaction speed and reduce fees. By implementing Proof of Stake, Genesis BTC also aimed to make the network more energy-efficient compared to Bitcoin's Proof of Work algorithm. The launch of Genesis BTC marked a significant milestone in the evolution of cryptocurrencies.
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• 8bitChadFeb 06, 2024 · a year ago
  Genesis BTC, also known as GBTC, was created by a team of developers who were dissatisfied with the direction Bitcoin was heading. They believed that Bitcoin's block size limit was hindering its potential for mass adoption. As a result, they decided to fork the Bitcoin blockchain and create Genesis BTC with a larger block size limit. This allowed for faster and cheaper transactions, making Genesis BTC a more practical option for everyday use. The community behind Genesis BTC continues to work on further improvements and innovations in the cryptocurrency space.
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