Details about Bitcoin Faith cryptocurrency
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Bitcoin Faith, the crypto
Bitcoin Faith (BTF) is a cryptocurrency, which is a fork of the original Bitcoin blockchain but with modifications to its protocol. It was created on December 18, 2017, with the goal of improving the original Bitcoin while keeping the same vision of decentralized, anonymous, and peer-to-peer digital transactions.
The point
The main point of Bitcoin Faith (BTF) is to improve some of the flaws found in the original Bitcoin blockchain, such as slow transaction speeds and high fees. BTF aims to resolve these issues by allowing for larger block sizes and implementing a new consensus algorithm that increases the speed of transactions.
The problem
Bitcoin Faith (BTF) tries to solve some of the scalability issues that Bitcoin has been facing, mainly the slow transaction speeds and high processing fees. By increasing its block size from 1MB to 8MB, BTF allows for a higher number of transactions per block. It also aims to provide faster confirmation times through its proof-of-work consensus algorithm.
Compare BTF and BTC performance
| Timeframe | BTF | BTC |
|---|---|---|
| 1h change | -0.153072 % | -0.853486 % |
| 24h change | -0.73 % | -4.99137 % |
| 7 day change | -0.4 % | -12.912 % |
| 14 day change | -2.81 % | -5.29254 % |
| 30 day change | 0.5 % | -4.44648 % |
| 200 day change | 4.39 % | 123.665 % |
| Year change | 104.75 % | 111.959 % |