Bitcoin Oil Inc. Prepares for Hard Fork and Convenes Top Developers to Begin Technical Development of the PoS Protocol

Bitcoin Oil is now filling its commitments to not just being a technology development company but being one that delivers the vital changes to achieve mass adoption for the cryptocurrency world.

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Bitcoin Oil

Aug 02, 2019, 09:00 ET

HOUSTON, Aug. 2, 2019 /PRNewswire-PRWeb/ -- Bitcoin Oil (http://www.bitcoinoil.com) announced today the official start of technical development in preparation for their hard fork from Bitcoin. The company has split this development into three stages, prioritizing certain aspects of development in order to swiftly deliver a successful hard fork. Bitcoin Oil is now gearing up to complete not just a hard fork from Bitcoin, but to deliver "OIL", an Optimally Improved Ledger, that features a highly innovative Bitcoin Oil SSPSS strategy. This strategy includes, but is not limited to, key new Bitcoin blockchain features such as Stability, Sustainability, Privacy, Smart Sidechains, and Scalability. Bitcoin Oil plans to utilize Bitcoin's existing distributed ledger platform as a foundation to create its advanced next-generation cryptocurrency. The Company believes that by leveraging Bitcoin, being the highest valued cryptocurrency, and Bitcoin's existing distributed ledger platform, being one of the best and most popular public blockchain platforms in the world, the Company will be able to accelerate the development and adoption of Bitcoin Oil and Bitcoin Oil's platform.

With the announcement of a funded hard fork also comes the engagement of key developers. As this news is announced Bitcoin Oil transitions from a development company that relied heavily on concepts, to a development company that is going to bring the world the best version of Bitcoin possible along with real-world assets generating extraordinary true value for all coin holders. Many other companies begin technical developments after the ICO/IEO stage is complete; however, with the funds that have come in from the highly successful presale, Bitcoin Oil has been able to pay and engage the necessary developers partners to start and complete the development work for a such a monumental fork. It is expected that the hard fork will be completed by the end of Q3 which will include the issuance of all BTCO coins.

Bitcoin Oil is now filling its commitments to not just being a technology development company but being one that delivers the vital changes to achieve mass adoption for the cryptocurrency world. Now that Bitcoin Oil's developers have begun the technical advancements and programming results are expected within several weeks. These results should be anticipated within quarter three and will include a completed hard fork but more importantly, the issuance of all coins to purchasers, housed in BTCO's own wallet as well as multiple other wallets provided by third party wallet companies and various cryptocurrency exchanges. A new major fork upgrade to the Bitcoin blockchain network is imminent and Bitcoin Oil is proud to be the one delivering that to the community including an airdrop of BTCO coins to all BTC holders. For more information about our fork or the forthcoming airdrop, please email us at info(at)bitcoinoil.com or call us at +1-8777-BITCOINOIL.

About Bitcoin Oil
 
Bitcoin Oil (BTCO) is the official name of Bitcoin's 2019 PoS hard fork which will implement a whole range of long overdue Bitcoin improvements. The new BTCO cryptocurrency will be based on the Bitcoin blockchain network, and the centerpiece of Bitcoin Oil and its "Optimally Improved Ledger" (OIL) will be the highly innovative "SSPSS" strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or "SSPSS", including but not limited to key new Bitcoin blockchain features such as (i.) minimizing Bitcoin's volatility (i.e. by connecting it with stable off-chain values), (ii.) drastically reducing Bitcoin's insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions). To learn more about Bitcoin Oil, visit our website at http://www.bitcoinoil.com and please review our future press releases as well as our forthcoming white paper, or if you are interested in purchasing Bitcoin Oil, please contact us at info(at)bitcoinoil.com  or call us at +1-8777-BITCOINOIL.
 
Disclaimer
 
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any coin or right described herein, nor shall there be any sale of these coins or rights in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 
This press release contains information about pending transactions, and there can be no assurance that any of these transactions will be completed in accordance with the terms described in this press release or at all.

This press release contains information about a possible hard fork of the Bitcoin network. Neither the Bitcoin Oil or such other crypto-asset generated through the hard fork nor the Bitcoin Oil or such other crypto-asset generated thereafter by any other method will be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered, sold, pledged or transferred within the United States or such other jurisdiction without registration or an applicable exemption from such registration requirements. Even though Bitcoin Oil intends to deliver and distribute certain bonus to the Bitcoin Oil record holders of the Bitcoins then existing on the Bitcoin network, such delivery and distribution may be restricted or prohibited by laws of the jurisdiction in which such holders reside or such distribution or delivery may result in Bitcoin Oil being required to register under the Exchange Act of 1934, as amended, or the securities law of any other applicable jurisdiction. We are in the process of assessing regulatory requirements for the delivery and distribution of such bonus of Bitcoin Oil to the then holders of the Bitcoins as part of the hard fork and there can be no assurance whether we would be able to make any delivery or distribution, or at all, to any such holder in connection with the hard fork.
 
This press release contains statements that are forward-looking (such as when Company describes what it "plans," "believes," "intends," "seeks," "aims," or "anticipates" will occur, what "will," "potentially," or "could" happen, and other similar statements or the negative of such terms or statements), which may not be correct, even though Bitcoin Oil believes that they are reasonable at the time of this press release. Bitcoin Oil undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made.
 
Media Contact:
Attn: Media Relations
Ms. Hannah Paddock (CMO)
Email: media(at)bitcoinoil.com    
Phone: +1-8777-BITCOINOIL
 
Information Contact:
Attn: ICO Information
Email: icoinfo(at)bitcinoil.com
Phone: +1-8777-BITCOINOIL
 
Online Contacts:

SOURCE Bitcoin Oil