$BTCR BitcoinReal: Code is Law

in bitcoin •  7 years ago  (edited)
When the great Revolution that is Bitcoin began, the anonymous genius desired to test two parameters - a trust-less, decentralized database (a distributed ledger or Blockchain) protected by the everlasting security of cryptography and a robust transaction system capable of sending value across the world without intermediaries. Yet, the past 9 years have excruciatingly shown the lack of a third missing feature, which brought the community to take action upon this vacancy, ending up with the creation of endless Bitcoin forks or “real” Bitcoins”, such as Bitcoin Cash, Bitcoin Green, Bitcoin Gold, Bitcoin Private and Bitcoin Diamond" - Bitcoinreal https://bit.ly/2ONTHxp

I have long maintained this argument that if cryptocurrency is to survive we should be seeing a fast paced one owing to the fact that the world we currently live in especially in the world of financial transactions and peer to peer payment, it is a fast paced one however it comes with a lot of security cost. Bitcoin and famous Blockchain 2.0 i.e Ethereum have struggled to live up to this expectations and realizations but in reality they have only achieved little progress like the case of the introduction of the Lightning Network of the Bitcoin payment system and the plan move to the Prove of Stake of Ethereum which doesn't sound good to me.

BitcoinReal however offers even much more, in my head I'd like to say it's the possible blockchain 3.0 we do need in the blockchain today owing to a lot of advantages it possess. Its fast and reliable network up to several thousand speed compare to the top 2 cryptocurrencies and the security it assured. The ASIC resistant build would ensure that a bunch of small group do not take over the network. Decentralization is greatly threatened if the bulk of the work is left and controlled in the hands of some few persons like Bitmain and Bitfury who currently have the control over the hardware used in mining Bitcoin.

Code is law

A nation wouldn't be entirely civilized if there is no law. There would be no offense and rule of law wouldn't have mattered. Bring this scene in to the blockchain, while we have some people who care less of the rules guiding the blockchain because they either do not understand the need for it but are just there to make sharp profits and cut out. This does not guarantee sustainability, scalability or even mass adoption which is what the blockchain needs to get into the mainstream. I'm particularly glad that BitcoinReal with symbol $BTCR is dealing with this to a great new level. Bitcoin Real is a fully decentralized peer-to-peer electronic cash system which supports the latest and greatest technological innovations which are continuously proposed by the community for the community, but which never make it into the Bitcoin “Core” Code, because of the preponderant lack of innovation which afflicts Bitcoin. There is full support and integration of the Proof of Stake 3.0 algorithm, coupled with Master-nodes for the highest level of security available to-date. The block size is augmented up to 64MBs (which is made possible by advanced Blockchain pruning and superior hardware running on Nodes) and the Lightning Network is fully actuated. The mining algorithm is X16R, which is fully ASIC resistant, and so any possibility of a 51% Attack on the network is completely and utterly eliminated, since Master-nodes and ASIC resistance make it impossible to control the network.

Distributed Decentralized Artificial Intelligence (DDAI)

As an advancement the BitcoinReal project will be running Distributed Decentralized Artificial Intelligence which is going to be a cutting-edge Artificial Intelligence running on top of each full node. Useful in double spending protection (by using the full potential of big data analysis at which machines currently excel) and will be eventually tasked with communicating between its other instances to modify things such as Block Time, difficulty and alleviate network congestion on a need basis and a sound response to Decentralized Autonomous Organization (DAO) which will be coordinated by the DDAI such that no party is allowed to have superior power over another.

In my earlier blog about BitcoinReal https://bit.ly/2MF5PmQ I've listed the potential that this project holds and how that being a fork of famous bitcoin is a big plus to the entirely cryptocurrency the decentralization economy and industry as a whole.

Here are some added benefits you won't possibly see in other blochains as culled  from https://bit.ly/2ONTHxp

 Proof of Influence:

Proof of influence is like a promo code that a firm gives to its users for inviting other people; a kind of link,  users will be given from which other people will be registered. This will be a great opportunity to get tokens free with little activities which is not seen in any fork ever.

Proof Of Loyalty

Proof Of Loyalty is facilitating feature to its merchants in terms of trading by giving an increment in transaction limit and discounts of transaction fees as a prove of the fact that the Bitcoinreal project is people based and community oriented.

 Bitcoin Real is a Bitcoin Fork which will happen on the TBD block. It  will have all the features of the most popular Bitcoin Forks such as  master nodes and staking, segregated witness, bigger blocks, proof of  work + proof of stake, ASIC resistance) and it will be airdropped with  following value across the world without intermediaries.  

Follow Project Progresses here:

https://twitter.com/RealSatoshi2

https://www.reddit.com/user/Real-Satoshi/

https://web.facebook.com/BTCReal/


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