NBTC New Bitcoin: A new choice of digital currency in the future?

In today's digital currency market, Bitcoin is undoubtedly the most well-known representative. However, with the continuous advancement of technology and changes in market demand, new digital currencies have emerged, among which NBTC (New Bitcoin) has attracted widespread attention. Is NBTC really a better choice? In this article, we will explore in depth the characteristics and advantages of NBTC, as well as its comparison with traditional Bitcoin, to help readers better understand this emerging digital currency.

First of all, the emergence of NBTC is to deal with the shortcomings of Bitcoin in terms of transaction speed, energy consumption, and scalability. As a representative of the first generation of blockchain technology, Bitcoin enjoys a high reputation in the market, but its transaction processing speed has always been a bottleneck problem. Specifically, the transaction confirmation time of the Bitcoin network is usually around 10 minutes, which is not enough for the growing transaction demand. In contrast, NBTC adopts a more advanced consensus mechanism. By optimizing the blockchain structure, it can shorten the transaction confirmation time to a few seconds, effectively improving the user experience.

In addition, NBTC has also shown greater potential in scalability. The transaction throughput of the traditional Bitcoin network is limited. Faced with the growing user demand, network congestion occurs frequently, and transaction fees also rise accordingly. However, NBTC introduces a layered architecture and off-chain expansion technology, which enables its network to support more concurrent transactions and greatly improves the overall performance of the system. This feature is particularly important for users who want to widely use digital currencies in their daily lives.

Of course, in addition to its technical advantages, NBTC also shows characteristics different from Bitcoin in terms of community building and user participation. The development and maintenance of Bitcoin mainly rely on the core developer community, while NBTC encourages users to actively participate in governance and determine the development direction of the network through a voting mechanism. This decentralized governance method not only enhances user participation, but also enhances the network's risk resistance and avoids the risks that may be caused by over-reliance on a few developers.

From the perspective of market acceptance, the launch of NBTC has attracted the attention of many investors. As more and more exchanges begin to support NBTC transactions, market liquidity is gradually increasing and prices are rising steadily. This trend shows that investors are optimistic about the prospects of NBTC and believe that it has the potential to become the representative of the next generation of digital currency.

Of course, the rise of NBTC does not mean that Bitcoin will be completely replaced. On the contrary, the two may form a complementary relationship in the future digital currency ecosystem. As digital gold, Bitcoin still has unique advantages in value storage and anti-inflation. NBTC is more suitable for daily transactions and application scenarios. In the future, users can freely choose according to their own needs to form a diversified digital currency usage environment.

In terms of investment, whether to choose NBTC or Bitcoin is actually closely related to personal risk preference and investment strategy. For investors with strong risk tolerance, NBTC may be a new option worthy of attention; while for investors seeking stable returns, Bitcoin is still a relatively safe choice. When making investment decisions, it is recommended that everyone conduct a comprehensive analysis based on their own investment goals, market trends and technological developments.

It is worth mentioning that the emergence of any new thing is accompanied by uncertainty, and NBTC is no exception. At present, although NBTC has shown good development potential in both technology and the market, it still takes time to see whether it can continue to attract the attention of users and investors. Therefore, it is crucial to remain rational and cautious when choosing an investment.

In general, NBTC has shown great advantages in technology, environmental protection, scalability, community participation and other aspects, becoming an emerging force in the field of digital currency. Although Bitcoin still dominates the market, the emergence of NBTC provides users with more choices and brings new possibilities for the future development of digital currency. With the continuous evolution of technology and the gradual maturity of the market, whether NBTC can become the next representative of digital currency is worthy of our continued attention and thinking.

In this rapidly changing digital world, keeping an open mind and actively exploring new things are qualities that every investor and user should possess. Whether you choose to continue holding Bitcoin or try to invest in NBTC, the key is to understand your needs and risk tolerance and make wise decisions. The future digital currency market will be more diversified, and we look forward to finding our own place in this change.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Is NBTC a better Bitcoin? When Satoshi Nakamoto designed Bitcoin in 2008, he could not have imagined that Bitcoin would become so popular today. After all, not many people used Bitcoin when it was first released in 2009. So Satoshi Nakamoto decided that a Bitcoin block should be 1M (some say it was designed to be 32M, but 1M is still used now). A transaction is 250 bytes or even more, and now some transactions have basically reached 500 bytes. 1M is not enough, so congestion has become the norm. If you want to go faster, sorry, you have to tip the miners more (speed up).
Let's do the math:
The capacity of a Bitcoin block is 1M
1M=1024KB=1024 1024=1048576 bytes
The total capacity of a Bitcoin block is 1048576 bytes, 250 bytes, and 4194.3 transactions.
The time it takes to confirm a Bitcoin block is 10 minutes
10 minutes = 10 60 = 600 seconds
Then the total number of transactions is 4194.3 600 6.99
That is to say, the Bitcoin blockchain can only process 7 transactions per second. If the transaction data is larger, it may not even reach 7 seconds. According to the overwhelming PR draft of Taobao on Double Eleven, Alipay processed 120,000 transactions per second. Well... it seems that I don't need to say more.
This will result in a congested and slow transaction on Bitcoin. After a transaction occurs, there are many transactions in front of it waiting for confirmation. When will it be your turn? Well, this is a problem. As mentioned earlier, you can jump the queue if you pay. So some people have doubts. I always feel that there is something wrong with such decentralization? In fact, it is not so bad now, because one day, the congestion exceeds the capacity limit? What should we do then?
Bitcoin is dead, but human affairs are alive, so people came up with a solution. Fork!
We all know that in the second half of 2017, Bitcoin forked into several forked coins, such as BCH.BCD, BTG, SBTC, NBTC, etc., but today we are mainly going to talk about NBTC, the new Bitcoin.
New Bitcoin NBTC is a forked coin that was successfully forked at Bitcoin block 501225 by the New Bitcoin Fund established by the former vice president of Baofeng Group and the vice president of PP Car Rental. The mainnet mining pool will be launched soon, and it will be listed on Mars Exchange on the 25th.
The foundation is co-founded by Geng Yongliang, the former general manager of Meituan and Koubei Shanghai, and the founder of E Seafood. Zhou Hongfei, the founder of Yiding Technology and an early investor in Bitcoin, etc. It can be said that the team of New Bitcoin is strong, diverse and complementary, and has rich experience. In addition, the New Bitcoin Foundation is open, and the fund hopes that more experienced and faithful people will join the New Bitcoin Foundation.
Why is the new Bitcoin a better Bitcoin? The new Bitcoin NBTC mainly aims to solve the problems of Bitcoin congestion, high handling fees, and mining centralization. Our solution is to expand the block size to 8M and change the encryption algorithm to SEquihash. In addition, we have issued 21 million more Bitcoins, reducing the weight of original Bitcoin users from 80% to about 40%, hoping to give more opportunities to those who join the network later. Existing Bitcoin users can receive the candy of the new Bitcoin at a 1:1 ratio.
We are standing at the forefront of the development of blockchain. We must keep pace with history and make due contributions to society. Although Bitcoin is classic, its inherent design has begun to restrict its development. When its congestion completely detonated its block capacity, the new Bitcoin NBTC appeared. We do not ask to replace Bitcoin for the time being, but we provide a new path for the development of Bitcoin. One more path means one more hope. After all, no one knows the future of Bitcoin, just like ETC and ETH. Who will be accepted by the market in the end will have to be decided by time, but what is certain is that the value of the new Bitcoin is very high!

Furthermore, energy consumption is also an important challenge facing Bitcoin. According to some research data, the annual energy consumption of the Bitcoin network is equivalent to the electricity consumption of some medium-sized countries, which has caused widespread environmental controversy. However, NBTC takes sustainable development into consideration in its design and adopts a more energy-saving algorithm, which not only reduces the energy cost of mining, but also contributes to environmental protection. In the context of the global advocacy of sustainable development, NBTC undoubtedly caters to the needs of the times.