BTCP is known as BTC-PIZZA, or BTCP for short, and is a global intelligent computational network. According to the official introduction, BTCP will build a financial infrastructure around the arithmetic ecology based on the arithmetic credit, providing basic services for the various emerging computational ecology represented by the computational power of Bitcoin. At the same time, expand the application scenario of computational power, build a de-centralized financial (DeFi) ecosystem around the credit of computational assets, and promote the convenient access, payment and use of computing power on a global scale. The transfer of computational credit to BTCP is realized by binding and restricting the rights and interests of BTCP holders. In essence, BTCP is a de-centralized blockchain network with computational power as its credit endorsement and smart contracts.
Bitcoin's combined fork secretly added 2 million BTCP Bitcoins.
With a total of 21 million BTCP issues, there are many similarities with Bitcoin. BTCP will be awarded 50 BTCP blocks when it is born at 0:00 on May 22, 2020. Ten minutes after birth, the first batch of 50 BTCP was generated, i.e. the current total of BTCP is 50. BTCP then grew at a rate of about 50 per 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward is halved to 25. When the total amount reaches 15.75 million (5.25 million new outputs, or 50 per cent of 1050), the block award is halved to 12.5. There will be no more than 10.5 million in four years, after which the total will be permanently limited to about 21 million.
Several wallets - like Coinomi, Electrum and Wasabi - moved straight to this.
Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github)
The slow fog area said that the phishing attack that allegedly forged the upgrade prompt had stolen at least 200 BTCs, and that the attack could not have been avoided by upgrading Electrum alone, requiring the entire ecological service to make corresponding changes (because the Electrum client is not a full node, and then has a message on the transaction broadcast and the corresponding service side, the attacker can also deploy a malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage. (Slow Fog Zone)
The summit was attended by heavyweight guests such as INGOT CoinChief Risk Management Officer Zeid Madbak, INGOT Coin Asia Pacific Community Director Iyas Sartawi, INGOT BROKERS China General Manager Forrest Lu, and other heavyweight guests, as well as blockchain representatives from MANYVOICE, Mars Finance, Fireball Finance, Bit Express, Coin World and many other industry media.
At the time of writing, at least 1,450 BTCs (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Electrum upgrade tips, with a total value of approximately $11.6 million.
If someone's Electrum wallet connects to one of these servers and tries to send a BTC transaction, they see an official message telling them to update their Electrum wallet, as well as a scam URL.