Counos Bit (Cbit) implements SHA-256 algorithm, and the fact that this chain is the
continuation of Bitcoin’s Blockchain means that all the people who have Bitcoin at this
moment, will have the exact equal number of coins (Counos Bit coins).
Additionally, everyone who has a Bitcoin wallet or any number of Bitcoins right now,
will have the exact same wallet with the exact same private key on the new chain of
Counos Bit. This means you can use the same wallet and private key to store, send, and
receive Counos Bit coins.
This matter also holds true for other hard forks of Bitcoin's Blockchain network, i.e.
those that at some point have shared the Blockchain network of Bitcoin; such as Bitcoin
Cash and Bitcoin SV.
Furthermore, all the people who are currently using Bitcoin Blockchain network will also
be on Counos Bit network. Also, this entails that all the Bitcoin community will be
brought to the new chain of Counos Bit.
Based on this large community, many users can ask various exchanges to register and list
Counos Bit. This way this large community of people can engage in trading Cbit with
other coins and vice versa.
Another important feature of Counos Bit is that its Blockchain network as a public
Blockchain and also its block explorer can be used to offer so many other tools and
For example, the Counos Layer protocol that is implemented on top of the chain will
allow for the creation of various tokens. But as mentioned earlier, issuing tokens and
digital assets is only one part of what can be done using Cbit Blockchain.