Bitcoin Origin - World's first Multi-Fork meets serverless Blockchain

You have already heard of Bitcoin, but what about Bitcoin Origin? This is not a scam like Bitcoiin or a normal hard fork like Bitcoin Cash, but a whole new project that intends to create a multi-crypto fork by using serverless blockchain technology. That does sound complicated, doesn’t it? Read our article to understand Bitcoin Origin better.

What Is Bitcoin Origin?

Bitcoin Origin is a platform that uses blocks to solve problems related to direct damage to users, and poorly implemented loyalty programs and increased liability to companies as a result of too many loyalty programs using scores. Bitcoin Origin integrates points into Bitcoin Origin tokens (ORI) and provides users with loyalty programs. For the lowest cost with maximum security. In addition to reliability and low transaction costs, Bitcoin Origin uses block-block technology to eliminate intermediaries, providing users and partners with more sensible results.

Bitcoin Origin is a global and decentralized platform, used to manage cumulative points and loyalty programs. Analyze a large number of different loyalty programs using points, the developer did not find a good application. This leads to direct damage to users, as well as loyalty programs that are not successfully implemented and increased liabilities to the company.

Before discussing more about Bitcoin Origin, I'll tell you a bit about what "Hard-Fork" is in the world of cryptocurrency. Hard-fork is a condition when a coin developer of a cryptocurrency agrees to apply a new feature or change to the coin programming system. Hard-fork aims to upgrade the security of the coin network and adapt to the growing number of users. the hard fork case that ever happened was, In 2016 the DAO was hacked on the Ethereum platform, then the ethereum developer team did the hard fork and produced a new Altcoin called Ethereum (ETH) and the old coin called the Ethereum Classic (ETC). another example, by 2017 hard fork is done on the Bitcoin core network that results in Chain splitting and becoming a new Altcoin called Bitcoin Cash (BCH).

How Will Bitcoin Origin A Mult-Cryptocurrency Fork Work?

This will be a multi-layered cryptocurrency that will use side-chains as its inherent part and will be completely scalable. It will also be cross-chain, as Bitcoin Origin will create a bridge with Ethereum allowing ETH to be converted.

One of the main differences of Bitcoin Origin will be that the blockchain will be multi-state, meaning that the users will be able to use native tokens for fees and block rewards. The proof of ambassador system will mean that anyone staking ORI tokens will be able to vote on the decisions of the network. The stakers will be the ones that will validate the transactions on the network.

The company states that one of the reasons why it started this project is because the proof of ambassador method, which is similar to the proof of stake method and considerably less harmful to the environment than mining is because it uses too much electricity to work.

Bitcoin Origin Features

Multi-Layered Heard of side-chains? In Origin, side-chains are inherently part of the infrastructure to allow for scaling considerations.
Cross-Chain Bitcoin Origin has developed an Ethereum token bridge, allowing Ethereum tokens to be converted to native tokens in the multi state engine.
Multi-State We wanted our users to be able to use their own native token for fees and block rewards. Each state has its own namespace, its own VM, and its own ecosystem, supported the the Bitcoin Origin network.
Proof-of-Ambassador The Bitcoin Origin community staking ORI tokens will be able to Vote. The Ambassadors are required to campaign for votes and in turn rewarded generously for their campaigning efforts.
Serverless Blockchain Through the Bitcoin Origin network and it’s technology, any member of the public has the ability to introduce their own entirely serverless blockchain. The blockchain is powered by Bitcoin Origin's Network Validators (Ambassadors).

Detail Bitcoin Origin Token Sale

Instead of having an Initial Coin Offering like many companies, Bitcoin Origin will work like the forks that were explained at the beginning of this article. You have to go to the site and see the instructions on how to fork your token when the hard fork actually happens. After you are whitelisted, you will start to be a part of the new network.

The company explains that you will be awarded in ORI tokens in the same proportion of the tokens that you convert to the blockchain. Example: if you own 1 BTC, which is somewhat like $8,000 USD, you will get $8,000 USD in ORI tokens.

0.137% of the total ORI tokens will be created each day randomly. This is made to ensure that the coin will not lose value because it will slowly be introduced in the market. The forked coins will be 45.71% of the total number of tokens. 31.43% will be obtained via staking.

Road Map

Jan - Jun 2017

Mining problems arise due to “dirty” power usage, centralization of mining resources, and reduced profitability in PoW Mining Industry - the Bitcoin Origin idea is born.

Jul - Sep 2017

Gathering of the Bitcoin Origin Team – Developers, Designers, General Managers, Project Managers, PR staff, Support Staff and Call Centre Agents.

Oct - Dec 2017

Position Paper Completed

Jan - Mar 2018

Proof of concept for POA infrastructure

Proof of concept for Multichain Applications

Website Completed

Apr - Jun 2018

Whitepaper completed

Partnerships Secured for full security Audit

Community Building