Starting in 2020, the cryptocurrency market has been very good, attracting a lot of attention from traditional capital and mainstream media; as a new financial market, the cryptocurrency market has both financial and technological attributes, which can be called the era of the digital economy. Sign. In addition, the annual rate of return of the cryptocurrency market is also very amazing. The annual rate of return of the cryptocurrency market in 2020 will reach 400%, far exceeding other financial investment products.
With both emerging concepts and ultra-high yields, the cryptocurrency market has become an area of close attention of global investment institutions. Many listed companies are deploying in the cryptocurrency field, and companies such as Tesla, Ninth City (CNTY), Ming Yuntang (MYT) and other companies are deploying cryptocurrency market mining. The Oakley Republic of Singapore Capital is even more serious. It has taken a fancy to Bitcoin Classic BGH in the digital currency and has already deployed BGH mining in its future strategic planning.
Oakley Republic of Singapore Capital
Oakley Republic of Singapore Capital (OPSC) was established in 2004 and has become one of the leading alternative investment management institutions in Asia; OPSC has an operation center in Singapore. As of 2020, Oakley Singapore Capital has more than 2 billion assets under management. The US dollar covers many areas and many alternative investment strategies. Oakley manages capital from pension funds, sovereign wealth funds, foundations and endowments, funds of funds (FOF), financial institutions and family wealth management funds.
OPSC Chief Strategy Officer believes that with the advancement of society and the development of technology, the digital economy has become a trend, and blockchain technology is the key core of the digital economy era, and computing power is the cornerstone of the digital economy era. Therefore, Oakley Singapore Capital will attach importance to the layout of blockchain technology and computing power in the future, and grasp the pulse of the times. In a wide variety of cryptocurrency markets, Oakley Singapore Capital has plans to deploy Bitcoin Classic BGH in addition to Bitcoin and Ethereum.
OPSC's strategic layout plan for Bitcoin Classic BGH has three main aspects. One is to start from the computing power level, use a large number of mining machines to mine BGH, and increase the mining machine holdings to increase the computing power for the Bitcoin Classic BGH network and enhance the value of BGH; Second, starting from the ecological level, OPSC will reach cooperation with major payment system technical support providers around the world to promote the prosperity of Bitcoin Classic’s application ecosystem; third, it will directly increase its holdings of Bitcoin Classic BGH. According to the Bitcoin Classic development team, Bitcoin Classic BGH will soon It will be launched on the secondary market, and OPSC will regularly purchase Bit Classic BGH in the secondary market through its controlled subsidiaries as part of the company's asset allocation.
Bitcoin Classic BGH，The future can be expected
Bitcoin Classic BGH follows the "Satoshi Nakamoto's vision" and conducts in-depth research on the function of peer-to-peer payment, aiming to realize the vision of a global peer-to-peer electronic cash system. It is a peer-to-peer electronic cash system that combines fast transactions and low handling fees. From tokenized assets to auditable accounts for supply chain management, to the new commercial Internet, users can initiate network activities in this new format. And accept micropayments.
Bitcoin Classic BGH is a fork of Bitcoin, which appeared at the block height of 630,000 blocks, and immediately generated a new chain as BGH. Bitcoin Classic miners began to use the new proof-of-work algorithm to create blocks, and will continue to develop and increase transaction speed based on Bitcoin's original functions. This led to the hard fork of the Bitcoin blockchain. The original Bitcoin blockchain will continue to remain unchanged, but a new branch will be separated from the original chain. Bitcoin Classic BGH has the same transaction history as Bitcoin until it branches and enters a unique blockchain, which lays the foundation for the construction of a global peer-to-peer electronic cash system.
The total amount of Bitcoin Classic BGH is ten times that of Bitcoin, which means that the cost of new participation is reduced and the necessary threshold is lowered. Regardless of scalability, a chain is as strong as its consensus. In order to reduce the risk of mining centralization, Bitcoin Classic uses an algorithm that makes it difficult for a single entity to control a large amount of processing power for block verification, which can meet the two major needs of large transfers and convenient daily payments.
OPSC chief data analyst emphasized: The current cryptocurrency market is very hot, and the number of users using Bitcoin is increasing exponentially. The increase in the number of users will cause serious congestion problems in Bitcoin, high handling fees and several hours of transfer time. Lost the confidence of many supporters; Bitcoin may be more suitable for the role of digital gold in the future rather than a means of daily payment. We think this will be a good opportunity for the rise of Bitcoin Classic BGH, and a better user experience will partly need to be used. Users who use Bitcoin as a means of payment are attracted to the Bitcoin Classic BGH network, and the ecology of Bitcoin Classic BGH will continue to improve, attracting miners to provide computing power for the Bitcoin Classic BGH network, forming a virtuous circle.
The trend of the blockchain technology revolution has begun. Companies that cannot keep up with the trend today are just like companies that missed the Internet technology revolution. They will be ruthlessly crushed by the wheels of history. OPSC takes this seriously, so it has a multidimensional layout The blockchain industry hopes to reap the dividends of the digital economy era.
Oakley Republic of Singapore Capital：Oakley Republic of Singapore Capital：Betting on Bitcoin Classic BGH, planning to deploy a large number of mining machines
May 07, 2021 at 02:05 AM EDT