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BUSINESS - Bitcoin Oil Announces Planned Bitcoin Fork

 

 

 

 

Featuring PoS and Other Key Bitcoin Improvements - The centerpiece of Bitcoin Oil and its “Optimally Improved Ledger” will be the so-called “SSPSS” strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or “SSPSS”

 

HOUSTON, TX USA -- (BUSINESS WIRE)

Saturday, February 02, 2019

Bitcoin Oil (“the Company“) announced today its plan to launch the Bitcoin Oil fork, a new major fork upgrade to the Bitcoin blockchain network. The company intends to use "OIL" as an abbreviation for Bitcoin Oil, which stands for “Optimally Improved Ledger”, implementing several crucial improvements to Bitcoin’s existing distributed ledger platform.

Bitcoin Oil is a developer of innovative blockchain technology aimed at the improvement of Bitcoin. Bitcoin Oil is a developer of ledger technology aimed at the Bitcoin blockchain and the creator of Bitcoin Oil, a new cryptocurrency based on the Bitcoin network with an optimally improved ledger through the use of its “SSPSS” improvement strategy.

Bitcoin Oil plans to utilize Bitcoin’s existing distributed ledger platform as a foundation to create its advanced next-generation cryptocurrency. The Company believes that by leveraging Bitcoin, being the highest valued cryptocurrency, and Bitcoin’s existing distributed ledger platform, being one of the best and most popular public blockchain platforms in the world, the Company will be able to accelerate the development and adoption of Bitcoin Oil and Bitcoin Oil's platform.

The centerpiece of Bitcoin Oil and its “Optimally Improved Ledger” will be the so-called “SSPSS” strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or “SSPSS”.

The highly innovative SSPSS strategy includes but is not limited to key new Bitcoin blockchain features such as:

(i.) minimizing Bitcoin’s volatility (i.e. by connecting it with stable off-chain values),

(ii.) drastically reducing Bitcoin’s insane energy consumption (i.e. by altering the consensus protocol to PoS),

(iii.) implementing true privacy features (i.e. by enabling confidential transactions),

(iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least,

(v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions).

© Copyright: National Radio. Any use of these materials, whole or in part, is prohibited unless authorized in writing by National Radio. Contact: nationalradio@yahoo.com ALL RIGHTS RESERVED

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