Bitcoin One - hybrid cryptocurrency (525 000 block)

[Jason8918]

And who says that it should be London? One might think that people will not make translations to another similar city. Not to mention small villages. In my opinion, it's convenient. Another question is how soon B1.CASH service will get such a widespread.

[Elev777]

It seems to me that with such a concept B1.CASH will get a good development at least in European countries.

[Tyron78]

I can do the transfer in BTC1, right?

[Elev777]

Yes, that's right. And Bitcoin ONE hasn't transfer commissions.

[tamagochi777]

Wow! That's interesting) And how can I send a transfer?

[Elev777]

Here everything is simple: go to the mobile app, choose the wallet from which you want to send money and send to the recipient the necessary amount.

[Tyron78]

What are the means of protection?

[Elev777]

When making the transfer, you provide a secret code to the recipient, which he will enter upon receipt.

[Den_Bolt]

Yes, we have already discussed this topic. If I'm not mistaken, the transfer comes in a blocked form, and the transfer code is used to unblock this amount.

[Tyron78]

Okay, then this question: if there are transfer codes, then why do we need BTC bills and coins?

[Den_Bolt]

First of all for your own peace of mind: if you have bills or coins on your hands, they are tied to your wallet by the transfer code, so during BTC1 sales/transfers to someone, the transfer code will serve as a confirmation that only YOU are making a sale/transfer and not someone else.

[tamagochi777]

Now I understand. Very well, I should say.

[Tyron78]

Due to what will be provided a high transaction speed? Is it only because of the use of hybrid processing, the advantages of which have been described many times already?

[tamagochi777]

What other advantages do BTC1 have?

[Den_Bolt]

In addition to what has been said: security provides encryption and a 2-rank network architecture provides absolute security. Bitcoin one works through a decentralized network, which means that payments are made without superfluous control and intermediaries.