NEW YORK, NY, April 22, 2019 — The team at GoldCoin certainly wasn’t hibernating this winter, as December of 2018 began with the team taking a hard look at the digital currency landscape. It didn’t take long for the core team to determine that Bitcoin—the most recognizable cryptocurrency—has arguably become diluted and divided through various forks. This discovery is what led to GoldCoin’s latest venture—a Reverse Bitcoin Hardfork.
Being innovative thinkers, the GoldCoin team understood that moving forward would require moving backwards a bit. Hence, the inception of the Reverse Bitcoin Hardfork (RBH). As an already globally recognized brand with exclusive features, GoldCoin (GLC) decided to create this process that rounds up the best of Bitcoin’s features and fractured coins and merges them back into the original blockchain. This process will occur through the RBH, and this merge will offer the world a digital currency they can enthusiastically get behind.
To achieve this colossal feat, GoldCoin called upon legendary blockchain developer Peter ‘Bushstar’ Bushnell, to fill the role of the lead developer of RBH’s technology. He and the team have worked diligently to unlock the Bitcoin blockchain through the deployment of a broad spectrum solution—one will offer the combined network capacity of Bitcoin Core, Bitcoin SV and Bitcoin Cash. In culmination these will meld together onto one GoldCoin brand called the ‘Satoshi Chain.’
This pioneering fork is like no other, and will deliver both on-chain and off-chain scaling, 32MB blocks, 2 minute block times, SegWit and Lightening Network integration 0-Conf transactions, 10 million free daily transactions, enhanced difficulty adjustment capabilities and much more. Just as with previous Bitcoin hard forks, every Bitcoin owner will become a new owner of GoldCoins (GLC).
“Some time before the fork date the Bitcoin blockchain will be taken with all its history at that point in time, the GLC UTXO will be added to the top of that chain over the next 10 blocks or more if needed. Then the chain and clients will be released for the new superset chain.” – Peter Bushnell, RBH Lead Developer
GoldCoin Team Leader, William Coogan, recently announced that things are on schedule for the planned full release of the RBH in the third quarter. “The new GoldCoin blockchain that traces back to the genesis block of Bitcoin has been running successfully on Testnet since early March”. The entire RBH will go live once work is completed on the electrum wallet and mobile apps, and users will be notified the moment everything comes online.
Current GoldCoin holders should look forward to this exciting announcement in the near future, while those considering entering digital currency will find this a perfect time to get in on the modern day ‘gold rush.’ Learn more about the GoldCoin Reverse Fork in this comprehensive whitepaper. With talks to have the blockchain added to the supported coins of hardware wallets made by Altrean, Legend and Trezor, there’s never been a better time to get on board with GoldCoin.