Purple Bitcoin is a new cryptocurrency based on the Binance Coin blockchain. It reconstructs the traditional payment stack on the blockchain. It is an offshoot of Bitcoin, which means it is based on the same codebase as Bitcoin, but with some modifications. The main difference between Purple Bitcoin and Bitcoin is that Purple Bitcoin uses a different consensus algorithm called Proof of Stake. This algorithm is intended to be more secure and private than the traditional proof-of-work ( PoW ) algorithm used by Bitcoin. Purple’s main goals
Purple Bitcoin Price Live Data
Purple Bitcoin’s all-time high is: $68,946.94, which occurred on 2021-11-10, CoinCarp recorded OHLC ticker data for Bitcoin (BTC) for each day, click to see more historical price data for Purple Bitcoin
What’s the difference between purple bitcoin and bitcoin?
Purple Bitcoin proposes to address this situation by increasing the block size to between 8 MB and 32 MB, thus allowing each block to handle more transactions. At the time Purple Bitcoin was proposed, the average number of transactions per block for Bitcoin was between 1,000 and 1,500.
Purple Bitcoin also differs from Bitcoin in another way, as it does not contain an isolated witness, which is another proposed solution to accommodate more transactions per block. segWit only retains information or metadata related to the transactions in the block. Typically, all details related to a transaction are stored in a single block
Has Purple Bitcoin been successful?
According to the Purple Bitcoin website, Purple Bitcoin was ultimately created to raise awareness that BCH must remain license-free and affordable so that it can be used as “the world’s best currency”. In the short term, it has been focused on providing a fast, reliable, low-cost network, as well as “building a professional mining node to listen to feedback and provide measurable improvements”.
