Bitcoin Vault update: BTCV Live price, price chart, news and markets

What Is BitcoinV?

BitcoinV is a cryptocurrency that utilizes the SHA-256 cryptographic hash function of Bitcoin. It introduces a proprietary wallet with a three-key system, providing users with a 24-hour window to cancel unauthorized transactions.

The Security Revolution of BitcoinV

The Unique Features of BitcoinV

BitcoinV offers a diverse ecosystem with various types of wallets:

• Standard Wallet
• 2-Key Vault Wallet
• 3-Key Vault Wallet

Each type of wallet enables users to send and receive crypto assets, but with different levels of transaction security. Alongside standard transactions, BitcoinV introduces Secure Fast transactions and reversible Secure transactions. The ability to cancel transactions within approximately 24 hours, equivalent to mining 144 blocks, is a groundbreaking feature in the crypto world. Users now have the power to stop suspicious or erroneous transactions before their funds are lost.

BitcoinV Security Keys

• Standard Transaction Key

The Standard Transaction key is generated for each wallet and operates in the background to ensure smooth transaction processing. It serves as an invisible layer of extra safety and can also be used for wallet recovery in case of security breaches or technical issues.

• Cancel Transaction Key

The Cancel Transaction key allows users to reverse transactions. By setting the confirmation time on the blockchain to 144 blocks, equivalent to approximately 24 hours, wallet owners can cancel regular BitcoinV transfers within this timeframe.

• Fast Transaction Key

The Fast Transaction key is essential for executing quick transactions. It enables transfers to be completed in about 10 minutes, after the generation of a single block. BTCV users can now make rapid transactions with trusted parties.

BitcoinV Coin Circulation

The total supply of BitcoinV coins is limited to 21,000,000. The creation of new coins occurs through the process of mining, where miners pick up transactions and group them into blocks. Miners are rewarded for adding blocks to the blockchain, and the supply of BitcoinV is regulated by its software. For the latest information on the BitcoinV blockchain, visit: https://explorer.bitcoinvault.global/ .