More information about BISMUTH
About
Bismuth is a new blockchain protocol and a platform at the same time. It has an innovative approach to database scaling, introduces the concept of private contracts and limits the contract execution to users willing to participate, while keeping them publicly verifiable.
Bismuth, a digital distributed self-regulating database system whose primary application is currency, and its first application is mining. It comes with a set of DAPPs out-of-the-box. Bismuth is not based on code of BTC or any of it’s derivates, it is only inspired by some ideas laid down by Satoshi Nakamoto (BitCoin), Sunny King (Peercoin), NXT and ETH developers.
Bismuth does not draw any code from other repositories, instead it reformulates the cryptocurrency code in its own terms to be easily readable, compatible across all platforms, integrated into business solutions with utmost ease and most importantly open for development to wide public through it’s simplicity, while minimizing the security risk for custom code implementations.
Bismuth is a decentralized transaction platform focused on modularity and open source approach. It comes with default decentralized applications and tools out of the box, not only to be used by everyone, but also to be hosted by anyone. These applications are supplied as interpretation engines, which prevents blockchain bloat. Inspired by Satoshi’s whitepaper, Bismuth also offers optional hyperblocks as a pruning mechanism, a system which greatly reduces disk space usage and increases execution speed.
On-chain messaging and data storage is available in both public and encrypted forms. Together with Tor support and transaction mixing decentralized application, Bismuth offers top-of-the-line privacy features.
System: Proof of work (custom implementation)
Hashing algorithm: SHA224
Signing algorithm: PKCS1_v1_5
Transaction size: ~650 bytes + data fees
Mining reward: Tapering from 15 at block 1 to 0 at block 10,000,000
Difficulty: Previous difficulty + log2 of block per day divided by blocks per day (min of daily median)
Difficulty retarget: Every block
Maximum supply: 99,999,980 (109,999,978 including dev rewards)
Smallest unit: 0.00000001
Confirmations before respending: 0
Plaintext peer list file
Tor proxy support
Optimized towards efficiency
Dual database system for maximum performance
Database compression/pruning
Arbitrary data storage ecosystem and philosophy
Address-based anonymizing transaction mixer
Assymetric message and data encryption
Batteries included: Pool, casino, mixer, peer map
Node options fully configurable
All layers built from scratch
100% OpenSource
Port: 5658
Bismuth, a digital distributed self-regulating database system whose primary application is currency, and its first application is mining. It comes with a set of DAPPs out-of-the-box. Bismuth is not based on code of BTC or any of it’s derivates, it is only inspired by some ideas laid down by Satoshi Nakamoto (BitCoin), Sunny King (Peercoin), NXT and ETH developers.
Bismuth does not draw any code from other repositories, instead it reformulates the cryptocurrency code in its own terms to be easily readable, compatible across all platforms, integrated into business solutions with utmost ease and most importantly open for development to wide public through it’s simplicity, while minimizing the security risk for custom code implementations.
Bismuth is a decentralized transaction platform focused on modularity and open source approach. It comes with default decentralized applications and tools out of the box, not only to be used by everyone, but also to be hosted by anyone. These applications are supplied as interpretation engines, which prevents blockchain bloat. Inspired by Satoshi’s whitepaper, Bismuth also offers optional hyperblocks as a pruning mechanism, a system which greatly reduces disk space usage and increases execution speed.
On-chain messaging and data storage is available in both public and encrypted forms. Together with Tor support and transaction mixing decentralized application, Bismuth offers top-of-the-line privacy features.
System: Proof of work (custom implementation)
Hashing algorithm: SHA224
Signing algorithm: PKCS1_v1_5
Transaction size: ~650 bytes + data fees
Mining reward: Tapering from 15 at block 1 to 0 at block 10,000,000
Difficulty: Previous difficulty + log2 of block per day divided by blocks per day (min of daily median)
Difficulty retarget: Every block
Maximum supply: 99,999,980 (109,999,978 including dev rewards)
Smallest unit: 0.00000001
Confirmations before respending: 0
Plaintext peer list file
Tor proxy support
Optimized towards efficiency
Dual database system for maximum performance
Database compression/pruning
Arbitrary data storage ecosystem and philosophy
Address-based anonymizing transaction mixer
Assymetric message and data encryption
Batteries included: Pool, casino, mixer, peer map
Node options fully configurable
All layers built from scratch
100% OpenSource
Port: 5658
http://bismuth.cz
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