foxbtc

  •                               FOXBTC                             

     What is FoxBTC ?                                                                                                                                                                                                                                                                                                                                                                           

    FoxBTC is a proposed bitcoin hard fork at block height 520419. The goal of the hard fork is, as the website explains, “to unleash the full power of decentralization”. Unique features of Fox BTC include a hybrid PoS and PoW consensus mechanism, a 10MB block size, and a fixed supply of 27 million coins. Another unique feature of FoxBTC is the ability to store, exchange, and withdraw any ALT coins. This will help users have full access and control of forks and airdrops, allowing users to enjoy the true benefits of decentralization. 


    FoxBTC Features

    FoxBTC will efficiently mine blocks through GPU power. There will be an incentive of 50 coins per block.

    •  GPU Mining
    • Fixed Coin Supply.

    FOXBTC will have a total supply of 27 million coins. 5 million of the coins will be pre-mined, including 4 million allocated for an airdrop and 1 million for the team. 5.5 million coins, meanwhile, are reserved for PoS and PoW rewards, while 16.5 million are put into circulation (approximately the same number of BTC currently in circulation).



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FoxBTC Release Date


FoxBTC is scheduled to be released at block height 520419, which should take place on August 15, 2018.


Who’s Behind the FoxBTC Hard Fork?


The FoxBTC hard fork project was announced by a tech company called Z -Magnetars . The company announced the hard fork on April 2018.


FoxBTC Conclusion 


We’re at a point where the bitcoin blockchain has gone through several dozen hard forks since the Bitcoin Cash (BCH) hard fork in August 2017. Some of the hard forks – like Bitcoin Cash and Bitcoin Gold – have captured their own slice of the market and remained relatively strong. Other hard forks – like pre-mined cash grabs using the bitcoin name – disappeared soon after being released. It’s unclear where FoxBTC will fall in the history of bitcoin.  The official website, FoxBTC.io has whitepaper or detailed information about the project.

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