Bitcoin White: Decentralized Crypto Wallet Application Platform?
Bitcoin White, found online at BitcoinWhite.org, promises to make it easy to create and deploy decentralized applications. Find out how it works today in our review.
What Is Bitcoin White?
Bitcoin White is an unusual project. The website doesn’t provide clear information about the future direction of the project. Meanwhile, online searches appear to reveal completely different information about Bitcoin White, calling it a bitcoin hard fork designed to provide enhanced security over the main bitcoin blockchain.
Meanwhile, the coin’s CoinMarketCap page shows that BTW launched in January 2018, rose to a price of $0.90, then crashed to a low in early February 2018 before continuing to drop all the way to $0.15.
How Does Bitcoin White Work?
The BitcoinWhite.org official website features basic information about the platform and how it works. However, the project isn’t very well explained. Sometimes, the platform is described as a platform for decentralized apps. In other places, Bitcoin White itself is described as a decentralized application.
The website also features awkward, unclear sentences that make it hard to understand anything about the project. Sentences like this:
The platform is designed for a variety of uses, including finance, document storage, and copyright certificates. Bitcoin White also has a “side chain”, or an application mode, that makes DApps “more flexible and personalized.”
Features of Bitcoin White
Bitcoin White emphasizes all of the following features:
Bitcoin White’s sidechain architecture is designed to avoid placing a heavy burden on the main blockchain. At the same time, developers can use the Bitcoin White side chain to customize blockchain parameters like block intervals, transaction fees, rewards, and more.
Byzantine Fault Tolerance:
The Bitcoin White system can tolerate up to 1/3 node failure simultaneously.
Each Bitcoin White node can host more than one side chain subsystem. The owner of the Bitcoin White node does not need to trust the developer of the side chain. The decentralized app is created in a secure sandbox.
Decentralized apps submitted by developers will be registered into the main chain, and users can browse, check, and use these apps in their main chain wallet.
Bitcoin White has a decentralized voting mechanism that seeks to avoid concentrating power in centralized mining pools.
Overall, Bitcoin White aims to create a developer friendly ecosystem with a variety of application templates and SDKs.
Who’s Behind Bitcoin White?
Bitcoin White has one of the most unusual “team” sections I’ve seen in a cryptocurrency project.
Team members have taken the time to complete a photoshoot using colored masks. The team members appear to be anonymous. Listed team members include MrGold (blockchain NodeJS developer, tech architect, PHP developer, and security specialist), MrBlack (software developer, info network specialist), MrGreen (designer, animation designer, UX/UI designer, and 3D designer), MsBlue (content manager and Bitcoin White tester), and MrLightgreen (programmer, Java, C++, C#).
Bitcoin White Conclusion
Bitcoin White is an unusual cryptocurrency project, and it’s not totally clear how Bitcoin White works or what its future direction may be. The currency launched with the goal of creating a more efficient version of BTC using a delegated proof of stake (DPoS) consensus mechanism. The entire Bitcoin White website, however, is dedicated to explaining the value of Bitcoin White as a decentralized application development platform. The development team, meanwhile, is anonymous.
In any case, Bitcoin White (BTW) is available to purchase from online exchanges toady. The goal of the platform appears to be to create a decentralized application development environment for developers, allowing them to access SDKs and APIs to develop on the Bitcoin White main chain and the sidechain. That platform appears to be based on a version of the bitcoin blockchain, but more secure.
To learn more about Bitcoin White and how it works, visit online today at BitcoinWhite.org.