Bitcoin tells us a story which starts with “Bitcoin: A Peer-to-Peer Electronic Cash System” published by Satoshi Nakamoto in 2008. Now this has become a well-known story in the blockchain. After Bitcoin, we have heard of Ethereum, FIL, and Chia. Today we are going to tell another story of a new brand — BILL, which will be the next legend of the blockchain.
What is the BILL Code?
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 there is a treasure worth 65 million U.S. dollars behind Bill Code .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 thus gradually clarified the idea of using blockchain technology to help crack Bill Code.
The Bill Code project was finally gradually established on a laboratory basis.
What is the BILL treasure and how to participate in?
BILL treasure 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. hunter who are willing to participate in BILL treasure explore can already carry hoes and pickaxes to the treasure 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.
Bill Code 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 treasure test. These test 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 or 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 does not need to be repackaged after mining and packaging on the test-net . 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. You can use the BILL that everyone recognizes to rent a robotic arm in the mining area as long as you have money, and the production capacity of this robotic arm will be directly owned by you.
According to the official data, Bill Code will start liquid mining in October (refer to the Bill Code official website for the specific time) after the hard disk mining is launched of one month. Treasure hunters only need to pay a certain number of “tickets” (About ten BILLs) 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 (lucky 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 (lucky block) will realize the constant wrestling of BILL hunters in the two treasure 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 treasure pool with a pickaxe to hunt for treasure? If your are interested in them, could join their official channel:
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