Bitcoin tells us a story. The story starts with "Bitcoin: A Peer-to-Peer Electronic Cash System" published by Satoshi Nakamoto in 2008.Now this is what every blockchain participant knows and believe in this story.After Bitcoin, we have heard of Ethereum, FIL, and Chia. Today we are going to tell another brand new story. BILL will be the next legend of the blockchain.
What is BILL?
The story of BILL begins more than a hundred years ago.In 1885, the term "Bill Code" first appeared in a 23-page booklet "The Beale Papers".Bill Code actually expresses three passwords and stories about them. It is said that behind Bill Code is a treasure worth 65 million U.S. dollars.Therefore, for many years, countless treasure hunters, puzzle solvers, scientists and even the US military have tried to crack this set of codes recorded in the pamphlet.
In May 2018, JPMiller, Jr, a enthusiast of Beale ciphers, published "Bill Cipher-The Fourth Blockchain Password Creation Conjecture" with the help of blockchain technology.In June, Professor JamesShort from the Blockchain Research Center of Stanford University wrote back to start a genesis meeting with JPMiller, Jr and co-founded the Bill Cipher Protocol Laboratory.
As the laboratory is getting more and more attention from people from all walks of life, blockchain celebrities such as Vitalik Buterin and Justin also participated in the Bill Code seminar.The laboratory also gradually clarified the idea of using blockchain technology to help crack Bill Code.
As a result, the Bill Code project was gradually established on a laboratory basis.
What is BILL mining? How to participate in BILL mining?
BILL mining is actually initiated by the Bill Code Lab, a process of cracking Beale ciphers with blockchain technology.
Of course, when we talk about blockchain, we often associate it with mining, so let's interpret from an intuitive mining perspective how we should participate in the mining process of BILL.
At present, only the tip of the iceberg is exposed in this huge gold mine of BILL,The Bill Code project team has found the open-pit mining area of BILL, where there is a primitive mining area with a large amount of impurities. Miners who are willing to participate in BILL mining can already carry hoes and pickaxes to the mining area spontaneously. However, due to the large amount of impurities currently excavated, these ores need to be purified if they want to become the final BILL coin.
Returning to the Bill Code project, it can be understood that there will be a period of testing in the initial stage of Bill Code. The estimated start time is Around June (refer to the Bill Code official website for the specific time). The Bill Code laboratory will announce the mine site of the open-pit mine. There will be 2500W treasures mixed with impurities to participate in the airdrop. These airdrop treasures can be refined into BILL at a ratio of 25:1 in the future.
After digging in the open-pit mine, miners need to enter the underground mining area to mine. Here, miners do not need to change their mining tools, do not need to upgrade any technology, only need to wear a mining cap to go deep underground. The purity of underground ore is significantly higher than that of open-pit mines. The ore mined by miners can be directly exchanged for BILL tokens at a ratio of 1:1.
Back to the Bill Code project, the official prepared 2400W treasures waiting for treasure hunters to mine. The treasure hunters only need to have a mining machine that meets the requirements of the P disk to participate in the treasure hunt, and the P disk after mining and packaging on the testnet does not need to be repackaged. As much as possible, it is guaranteed that treasure hunters will not miss the top mine welfare stage because of the long encapsulation period.
Bill Code's hard disk mining threshold requirements are extremely low, the official has given such a parameter table:
With the development of science and technology, mining technology is constantly improving. Soon after, the laboratory successfully installed a robotic arm for automatic mining in the mining area, so that miners no longer have to bring their own pickaxes into the field. As long as you have money, you can use the BILL that everyone recognizes to rent a robotic arm in the mining area, and the production capacity of this robotic arm will be directly owned by you.
In the Bill Code project, according to official data, one month after hard disk mining is launched, Bill Code will start liquid mining in October (refer to the Bill Code official website for the specific time). Treasure hunters only need to pay a certain number of "tickets" to participate in the treasure hunt, and continue to obtain BILL income through pledges.Through liquidity mining, the treasure hunt for the whole people will be truly realized, and everyone will participate in the treasure hunt of Bill Code.
In addition, in order to reward the funders who contributed funds to help the project continue to advance, the laboratory added several additional robotic arms (reward blocks),The production capacity of these robotic arms will be evenly distributed to those who provide the most pledges in liquid mining (two BILLs are divided equally by the top 100 miners every 10 minutes).
The combination of hard disk mining and liquidity mining (reward block) will realize the constant wrestling of BILL miners in the two mining pools, which will promote the circulation of BILL in the market and allow BILL to continue to develop.
So, are you ready to enter the BILL mining pool with a pickaxe to hunt for treasure?