BILCOIN is a cryptocurrency (virtual currency) using a Layer 1 type of blockchain.
It has been created on the 5th of May 2022 and is meant to be used as a digital store of value.
BILCOIN also uses the same process than Bitcoin to generate a block.
The miner has to verify about approximately 4MB worth of transactions to be able to find a block. Then to find a
block the miner has to solve a numeric problem called the "proof of work" (POW).
BILCOIN uses the algorithm "SHA256" to solve the POW numeric equation (block hash) like Bitcoin.
However, BILCOIN has the DarkGravityWave difficulty algorithm which makes the coin to be mined more effectively
with small hashrate, such as with CPUs and GPUs, rather than only with ASICS.
It has been created on the 5th of May 2022 and is meant to be used as a digital store of value.
BILCOIN also uses the same process than Bitcoin to generate a block.
The miner has to verify about approximately 4MB worth of transactions to be able to find a block. Then to find a
block the miner has to solve a numeric problem called the "proof of work" (POW).
BILCOIN uses the algorithm "SHA256" to solve the POW numeric equation (block hash) like Bitcoin.
However, BILCOIN has the DarkGravityWave difficulty algorithm which makes the coin to be mined more effectively
with small hashrate, such as with CPUs and GPUs, rather than only with ASICS.
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