BitcoinCandy(BCD)isacryptocurrencydevelopedbyBitcoincashminersin2017.ItisabranchofBitcoincashandthefirstcryptocurrencyusingthenewconsensusalgorithm"CandyConsensus"
ThepurposeofBitcoincandyistocreateamoresecure,privateandefficientcryptocurrency.Itisdesignedasa"thirdgeneration"cryptocurrency,whichcombinestheadvantagesofBitcoinandBitcoincash.Italsohasmanyadditionalfunctions,suchaslightningnetworksupport,atomiccross-chainexchangeandnewconsensusalgorithm.
Candyconsensusalgorithmisahybridofproofofwork(PoW)andproofofinterest(PoS)consensusalgorithms.Itsdesignissaferandmoreenergy-savingthanPoW,whilestillprovidingthesamedegreeofdecentralization.
Bitcoincandyhasmanyotherimprovementsbesidesconsensusalgorithm.Thisincludesanewtransactionformat,whichismoresecureandprivatethanthebitcoincashtransactionformat.Italsohasanewblocksizelimitof8MB,whichislargerthanthe1MBlimitofBitcoincash.Thisallowsfasterandmoreefficienttransactions.
Bitcoincandyalsohasmanyotherfunctions,suchassupportingSegWitandlightningnetwork.Italsohasanimproveddifficultyadjustmentalgorithm,allowingmorestableblocktime.Finally,ithasanewaddressformat,whichismoresecureandprivatethanthebitcoincashaddressformat.
Generallyspeaking,Bitcoincandyisapromisingnewcryptocurrency,whichhasmanyadvantagescomparedwithitspredecessors.Itsdesignissafer,moreprivateandmoreefficientthanbitcoinandbitcoincash,anditsnewconsensusalgorithmandotherfunctionsmakeitanattractivechoiceforthosewhoseeksafeandprivatecryptocurrency.
