Which milestones did BTC.com achieve in 2018 ? Get an overview of the developments from the BTC.com Mining Pool and Wallet.
After the BCH hard fork in August 2017, some users got confused and were sending BCH to a BTC address and vice versa. In order to solve this issue, the industry developed a new standard to help users easily distinguish BCH addresses from BTC addresses. We quickly adopted the new standard and as of January, all BCH addresses generated by the BTC.com Wallet used the CashAddr format: bitcoincash:pqkh9ahfj069qv8l6eysyufazpe4fdjq3u4hna323j versus the legacy address type: 35qL43qYwLdKtnR7yMfGNDvzv6WyZ8yT2n. Read more about it on the BTC.com blog.
Due the increased BTC transaction fees, many users were asking for more control over their fees. As such, the BTC.com Wallet increased the fee options to allow users to pick the fee that best fits their goals. Read more about it on the BTC.com blog.
In January, we were delighted to announce our new partnership with Simplex to allow all BTC.com Wallet users to buy BTC or BCH directly in their Wallet. After filling their billing information, payment details and KYC, users are free to purchase BTC or BCH directly through Simplex. Read more about it on the BTC.com blog.
In July, the BTC.com pool, started to merge mine RootStock (RSK). Merged mining allows different crypto currencies with the same algorithm, such as SHA 256, to be mined together. This allows crypto currencies with lower hash rate to gain additional hashing power by bootstrapping on a crypto currency with higher hash rate. For cryptocurrencies with Proof-of-Work (POW) consensus algorithm, it is crucial to have substantial hashing power in order to secure the network against attacks. The BTC.com pool, the world’s largest bitcoin mining pool, was happy to offer its miners better profitability while offering massive hashing power to validate and secure RSK sidechain transactions. Read more about it on the BTC.com blog.
In November, we expanded our mining pool to include Ethereum (ETH) and Ethereum Classic (ETC) and added GPU and CPU mining options.
“The decision to offer GPU and CPU mining comes from the depressed prices across the crypto market this year. GPU miners are versatile, still profitable and are not easily replaced in a bear market. It’s common for miners to split investment into both.” — Zhong Zhuang, Director of BTC.com.
In addition, building on the experience of developing one of the most popular Bitcoin & Bitcoin Cash block explorers, we started offering support for tracking transactions and network statistics for the Ethereum blockchain. The BTC.com’s Ethereum block explorer provides data for real-time price, market cap, pool distribution, top miners, transaction fees and users can view the latest blocks information, hash rate, and network difficulty. Read more about it on the BTC.com blog.
On November 15th 2018, the Bitcoin Cash (BCH) network successfully upgraded and adopted new consensus rules. This hard fork resulted in a chain split and a new coin: Bitcoin SV (BSV). Since there is no replay protection on the BSV chain, we only re-enabled BCH transactions after adding a built-in replay protection feature in the BTC.com Wallet and a BSV extraction tool to allow users to claim their BSV. Read more about it on the BTC.com blog.
On December 20th, we announced that the BTC.com mining pool added support for Litecoin (LTC), following our mission to provide our users more diversified, profitable and convenient choices. Read more about it on the BTC.com blog.
Education is one of our key priorities, we write basic educational articles and we also take part in events to meet and teach our users about our products.
Under the Bitcoin 101 section of our blog, we discuss common concepts such as what is blockchain or the basics of proof of work. As mentioned, we also participate and organise events to spread more awareness about the cryptocurrency industry. Read more about the events we took part in: Blockshow & The NextWeb, Women in blockchain, BCHDEVCON Amsterdam or the The Web Summit.