US SEC slaps Binance with a 13 charge lawsuit
The United States Securities and Exchange Commission files a lawsuit against leading crypto exchange Binance.
A new Bitcoin hard fork, dubbed Super Bitcoin, will take place on December 12th with the view of ‘making Bitcoin great again’.
2017 has been the year of Bitcoin hard forks – birthing Bitcoin Cash, Bitcoin Gold, and even Bitcoin Diamond – and now yet another community alternative has emerged in the form of Super Bitcoin.
Taking place today on December 12th at block 498,888, Super Bitcoin debuts with the lofty promise of ‘making Bitcoin great again’ by introducing features driven by the Bitcoin community.
Read: CME Group’s Bitcoin Futures prepares for launch on December 18th
The new cryptocurrency will be maintained by the Super Bitcoin Foundation, which is led by Ranger Shi, Li Xiao Lai, and JiaPeng Lin. Super Bitcoin itself will arrive with Lightning Network and an 8-megabyte block size, and notably accommodates a supply of some 21,210,000 coins – among which are 210,000 pre-mined coins.
In a statement, the Foundation clarified that “The 210,000 pre-mined tokens will be managed by the Super BTC Foundation and are mainly used to encourage early developers, invest in the super BTC ecosystem and ensure the operation of the Super BTC Foundation.”
The Foundation further warned that the hard fork would ultimately be ‘just an experiment’, offering that “We are merely implementing the proposals recommended by the Bitcoin community. Only when we put these talks into actions that we can make Bitcoin great again (sic).”
While the success of Super Bitcoin remains up for debate, numerous frictions have divided the Bitcoin community this year – as frustrations have mounted over Bitcoin’s core block size, the introduction of SegWit, and the length of transaction times on the network.
Super Bitcoin will reportedly be supported by major mining pools such as f2pool and BTCC, while some 21 exchanges – apparently including Huobi Pro – will notationally support the new cryptocurrency.
Read: Chinese state TV casts further doubt on over-the-counter Bitcoin platforms
What are your thoughts? Be sure to let us know your opinion in the comments below!