Today marks a memorable day in OneChain's journey to make Bitcoin a faster and smarter technology. After months of hard work, More than 15 highly talented engineers and 40+total team members have come together to achieve the most important hard fork in 2018, the SmartBitcoin, named as “SBC”.
This hard fork will allow users to safely transfer their digital currency with a lighting speed of 3000 transactions per second. Aside from this, the transaction fees and energy consumption will be further reduced to a insignificant level. SBC intends to fulfill the original promise of Bitcoin, which is the create a decentralized ecosystem.
The hard fork is scheduled to occur at the 520 000 height, approximately on April 26th, 2018 at 9 am UTC. SBC will be distributed on a 1:1 basis for Bitcoin and 24 000 :1 basis for ONE token, which means that for every Bitcoin held during the snapshot, the holder will receive 1 SBC; for every 24 000 ONE tokens, the holder will receive 1 SBC.
We are committed to continue growing in skill set and improving our services, which allows us to construct a promising post-fork technology road-map. The success of our team will allow SBC to acquire a higher value compared with other forked currencies, especially around transaction speed and transaction fees.
How to get “free SBC”
To get “free SBC”, If you are in a wallet that supports the forked coin: you need to follow the instructions of the wallet and configure the wallet for the SBC. If you store your Bitcoin on a third party platform, you must have Bitcoin on a platform that supports the fork before the above mentioned block height. This is because our team has asked some Exchanges to take a “snapshot” of the ledger at the 520 000 block height thereby creating a duplicate copy of the chain, that duplicate will become the new chain after it goes live. Currently, platforms that support SBC fork include Huobi, AEX, Octaex, GBCAX, OneChain, and Bitpie, and wallets that gives you direct control of your private keys, other platforms are in the confirmation process.
Then after the block has been recorded, you can safely move your Bitcoin to trade or to other Exchanges.
What happens after the fork?
Waiting! After the forked SBC blockchain goes live, which can take weeks or months, because the developers need to double check everything before taking the main network online.
Once the developers announce that the SBC chain is LIVE, you can then claim your “SBC”. Let’s hope SBC to go up in value and probably you can sell the SBC for a high price.
Website: http://www.smartbitcoin.one/
Twitter: https://mobile.twitter.com/SBCsmartbitcoin
Telegram Group: https://t.me/smartbitcoin_SBC