Description
BitcoinHD (BHD) is a cryptocurrency project that advocates for energy efficiency in blockchain through the Proof of Capacity (PoC) consensus mechanism, distinguishing itself from the traditional, energy-consuming Proof of Work (PoW) methods like those of Bitcoin. Focused on reducing the environmental impact of cryptocurrency mining, BHD aims to democratize mining by making it accessible to those with lesser computational resources, leveraging hard drive space instead of processing power. This initiative addresses issues of ASIC monopoly, mining farm centralization, and the high energy consumption plaguing traditional mining operations, which surpasses the energy usage of 159 countries. BHD's core mission is to revisit and fulfill Nakamoto's original vision of a universally accessible, mineable, and manageable currency, countering the current scenario where mining has become exclusive to the financially affluent and technically privileged, thus promoting a more inclusive and sustainable approach to blockchain technology.
BitcoinHD (BHD) is a cryptocurrency project that advocates for energy efficiency in blockchain through the Proof of Capacity (PoC) consensus mechanism, distinguishing itself from the traditional, energy-consuming Proof of Work (PoW) methods like those of Bitcoin. Focused on reducing the environmental impact of cryptocurrency mining, BHD aims to democratize mining by making it accessible to those with lesser computational resources, leveraging hard drive space instead of processing power. This initiative addresses issues of ASIC monopoly, mining farm centralization, and the high energy consumption plaguing traditional mining operations, which surpasses the energy usage of 159 countries. BHD's core mission is to revisit and fulfill Nakamoto's original vision of a universally accessible, mineable, and manageable currency, countering the current scenario where mining has become exclusive to the financially affluent and technically privileged, thus promoting a more inclusive and sustainable approach to blockchain technology.
