What is P-network Bitcoin (pig Bitcoin)?
What is P-network Bitcoin? How does it work? How is the transaction and settlem
What is P-network Bitcoin? How does it work? How is the transaction and settlement achieved? How is asset security and privacy ensured? How is one’s rights and property protected from attacks and personal information kept safe? It is divided into three main categories: exchange (P2C platform), wallet (lending platform), and decentralized applications (DApps).
First, let’s start with two concepts: “peer-to-peer,” which refers to a process from point A to point B. In a peer-to-peer network, anyone can freely use Bitcoin but needs to send an email and verify their identity to participate in activities on the network. This allows people to complete the entire process of transfers, deposits, and withdrawals in the simplest way possible. The trust gap between parties is eliminated as the peer-to-peer transactions can convert directly without intermediary parties. Another aspect is “multi-party computation,” where each party can make decisions based on their own circumstances.
For most users, acquiring P-network Bitcoin is not complicated. However, to understand this term easily, it should be clear what P-network Bitcoin is. The Bitcoin on the P-network is a blockchain ecosystem initiated by a project developer named “Bitcoin.” Its core is a distributed database that stores all blocks, each processed by an individual entity, without a central authority or other entity in charge of maintenance. The website allows developers to build a new smart contract programming language. When a node runs software, it generates a new token standard called p1tc, similar to a fork version of Bitcoin, and supports multiple different cryptocurrency protocols. Hence, it is also called pBTC. Several teams have already launched pBTC, including Chainlink Labs, Coinbase Ventures, FTX, and other well-known investment companies.
In addition to the technology, P-network also has the following features:
1. P-network Bitcoin supports the creation of a complete Bitcoin account for managing digital currency.2. P-network BitcoinCore (PoW mechanism) based on Ethereum.3. Providing Bitcoin services for the P-network.4. Pig Bitcoin will become the first fully independent and non-custodial blockchain infrastructure, enabling anyone to access the full content of Bitcoin through P2P protocol.
Pig Bitcoin
Due to the decline in Bitcoin prices, many traders and users choose to hold them long-term instead of investing them. According to Bitcoin Magazine’s report, the average cost is 10 cents (approximately $13). In the past 24 hours, investors have purchased nearly $500 million worth of pigBTC, with most of it purchased through Coinbase and the rest through Gemini. These investors believe that this practice will fail if no one else is willing to sell it to pay the fees.
Therefore, they choose to invest their profits in new assets and hope to get more returns than ever before. (bitcoinist)
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