Features

High Performance

Low Inflation

Low Consumption

Low Fees

Atom Cross-chain

Smart Contract

  BTC SBC
Performance 1. BTC can handle only 3-7 TPS, causing traffic congestion, which no longer fits the dynamically changing needs of bitcoin. 2. The transaction confirmation may take 1 hour, which undermines the future of the digital payment. 1. SBC is capable of handling up to 3000 TPS, this meets the explosive growth of demand in Bitcoin transaction, this processing capacity can be further improved as the technology advances. 2. With the SBC technology, small amount transfer can be completed within seconds, while larger amount within minutes.
Fees 1.The transaction fee is up to dozens or hundreds per transaction. 2.Users have no choices. 1.The transaction fee can be reduced to under 0.1 cent USD, or less than 1 cent CNY. 2.The fee can be further adjusted through a voting mechanism.
Energy Consumption 1.The BTC mining requires significant energy consumption, the expensive electricity bill has an adverse impact on the Bitcoin ecosystem. 2.Currently, about 650 000 Bitcoins will be mined every year, this fixed output may lead to high inflation. 1.By adopting the DPoS consensus, SBC can reduce the energy consumption significantly, its main costs consist of CPU/Storage/bandwidth, etc. currently, due to its mature and stable performance, its algorithm has already been verified by many projects. It is also possible to purchase computing power/storage/bandwidth with the PoW mining fees to improve the processing capacity of the system. 2. The SBC can reduce the inflation pressure because its output can be adjusted by voting mechanism, only 70 000 SBC will be mined per year, this small production decreases the sale pressure.
Decentralization There are about 10 major Bitcoin mining pools with global influence across the world, they claim the vast majority of network hash power. From 101 initial full nodes, the SBC will expand to maximum 1001 nodes, it will be easier for small miners to compete so we have more decentralization.
Nodes Security 1.The main role of mining pool consists of distributing mining tasks among miners. To facilitate the connection of these miners, mining pools IP address are completely open, which is vulnerable and easy to attack. 2.Mine machines are after all physical devices, it takes time and energy to transfer. 1.Mining nodes are not open to the public, they can be hidden in multiple ways. 2.Nodes transfer is easy and flexible, each mining node can provide backup nodes, if one node is under attack, it can switch to backup nodes within seconds.
Distribution 1.Bitcoin holders need fast transaction services with lower fees, and these services must be updated in time when a better solution is available. 2.Miners’ interest is in generating block as fast as possible, requiring high transaction fee (additional transaction fee), and in selecting favorable solutions for mining. 1.SBC encourages all the network users to vote for the block-producing nodes, for those nodes who don’t comply with users’ interest, they will be forced to withdraw from the network due to lack of support. 2.Each participant must improve the processing capacity of the system; hence, the system will become more and more valuable.
Ecosystem Most of the rewards go to the Bitcoin miners, while the other participants receive a small share of the benefits: for example, developers can only relegate themselves to some interest group. 1. Nodes classification Block-producing nodes: new block production rewards Public nodes: rewards for nodes Self-use nodes: for self-use, no rewards 2. Developers SBC uses the BM worker system that enables the developers to earn benefits or to get employed in blockchain industry. 3. Other participants By using the worker system, other participants can also earn rewards through the voting mechanism.
Others 1. No smart contract. 2. No atomic cross-chain. 3. Long addresses. 1.Smart Contract: SBC will add smart contracts on the basis of the secure underlying layer. 2.Atomic cross-chain: SBC will support atomic cross-chain trading between EOS, ONE and SBC. 3.Long addresses will be replaced by user-friendly username.

Wallet

Exchange

Snapshots

Organizations that already agreed to take snapshot for SBC are: Huobi, AEX(btc38), Octaex, GBCAX, Bitpie, others are in the process of confirmation.

FAQ

Anyone who held Bitcoin at the time Smart Bitcoin was created became own-ers of Smart Bitcoin. This means that Bitcoin holders as of block 520 000(Around April 26th, 2018) have the same amount of Smart Bitcoin as they had Bitcoin at that time. If your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your Smart Bitcoin. Any transactions after the April 26th, 2018 ledger split are completely separate between Bitcoin and Smart Bitcoin. This means any Bitcoin acquired after the split does not include any Smart Bitcoin, and any Smart Bitcoin does not in-clude any Bitcoin.
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