A glance at the Technical WhitePaper samples for the Satoshi BTCs project which the @Coredao_Org unveiled previous week on Discord.
The Technical Whitepaper for the Bitcoin satoshi (BTCs) crypto project will detail the operational requirements, mechanisms and sustainability provisions ahead of the Main Network (MainNet) launch.
CoreDAO is the official decentralized organization developing the Satoshi Plus ecosystem, building Web3 infrastructure and promoting public chains on Bitcoin’s PoW.
From the Abstract of the BTCs Satoshi Technical Whitepaper, you will see that #SatoshiBTCs is building an independent Blockchain with regard to Web3 Infrastructure. Satoshi Plus Consensus Algorithm will support multiple chains and the key chain is named “Core.”
The #CoreDAO tweeted; “We are not building a Bitcoin fork. We are building a standalone blockchain to ensure high performance. People will know that Bitcoin is more than a currency, but also a decentralized network which can support unlimited transactions based on our Satoshi Plus Consensus. Bitcoin will play a very important role in the societal structure of this digital city. People know that Bitcoin is not only a currency, but also a foundational governance layer that will serve as the foundation for the next chapter of digital currency innovation. Building a DAO, especially a public chain DAO, is like building a digital city. Our community members are our people, we share the digital city together, we create the digital city together, and we promote the digital city together.”
Introduction section of the Satoshi BTCs Technical Whitepaper is the analyzed solution to the BTCs blockchain trilemma (Secure, Decentralized and Scalable) above is Satoshi Plus consensus, which operates at the CORE of the Core Network. Core (Satoshi Plus Consensus) combines with the PoW (Proof of Work) and the DPoS (Delegated Proof of Stake) to leverage on the strengths of each. Core will create a successful crypto currency.
The background section of the BTCs mining Technical Whitepaper laid emphasis on Research Works and Comparison for better advancement of Satoshi Public Consensus ecosystem.
Bitcoin: PoW mining mechanism (Decentralized and Secure). Only 7 TPS.
Ethereum: The most popular DAPP platform with 15 TPS.
Ethereum 2: Change PoW to PoS, about 100k TPS but lost Decentralization.
Solana: 50k high TPS with PoH, but centralized system.
BTCs mining technical whitepaper – details: CORE (Satoshi Plus consensus) has solved the Trilemma, thereby getting top-notch perfect Scalability, Security and Decentralization. CORE is an evolution of Go Ethereum (Geth) codebase, @Coredao_Org development team having seen the great development of BSC (Binance Smart Chain), decided on creating something unique, with much difference to BSC.
Major differences are, CORE is based on Satoshi Plus Consensus which relies greatly on Proof of Work (PoW) alongside Delegated Proof of Stake (DPoS), and allows small stake CORE (BTCs) holders delegate their CORE to validators alongside Bitcoin (BTC) miners with its powerful Satoshi Plus Consensus algorithm with Hybrid mechanism – objective of hybrid Proof of Work (PoW) and Proof of Stake (PoS) systems is to capture the benefits of the respective approaches and use them to balance each other’s weaknesses, with regards to Delegating (Staking or Decentralized Node Mining) to existing Validators.
BTCs miners are advised to stay abreast as we learn more, because developing a Blockchain is a complex mission. Compared with Web3 Apps, Public Chains do require verified auditing to get a complete and sustainable products when MainNet goes online. Kudos to the development team for this great and brilliant innovation. Early miners (those currently participating in the mobile app mining of BTCs) are on merit already as mining on decentralized nodes in the future will be difficult regarding getting BTCs.
Please note that, the Satoshi BTCs Technical whitepaper still needs to be updated and added on the BTCs mining app with Document format made available too, and more interpretation accorded to it by the Development Team. We temporarily shared the ones released by the Coredao_Org on Discord, to quicken miners’ consciousness, that the project is doing great job.
Crypto’s history follows a pattern: First, a rudimentary, yet pure development kindles a fire of innovation. Then, in order to scale development pragmatically, compromises are made. That is, until those compromises are no longer necessary. Eventually, a solution arises, synthesizing the purity of the former with the practicality of the latter. Purity, then compromise, until finally a synthesis. Gold, then fiat, until Bitcoin. Web1, then Web2, until Web3.
Now, we present the next iteration of this pattern: Bitcoin, then Ethereum, until Core. In case you may have missed this, read the #CORE Origin Story shared by @Coredao_Org on Medium.com.
Newbies in BTCs, below image is directive on how “Mining” is done. Endeavor to ‘Receive BTCs’ at least twice daily. Do not relax and wait for it to reach 150 blocks {(25 hours) ie 1 block is generated every 10 minutes} before you click on the “Receive BTCs.” If it reaches 150 blocks and you haven’t Received BTCs yet, your mining stops, until you come online and click on receive BTCs – then your mining will proceed.
Satoshi BTCs in “Circulation” Has Surpassed 400M, Out of 525.6M Stipulated for this “Mobile Mining (Innovative Airdrop Method)”
“Circulation” of a Crypto simply means the available units of the asset (coins or tokens) in public hands. In other words, 400M+ BTCs are currently in the hands of real humans because bots and unverified accounts can’t participate – as users were required to perform Identity Verification before starting to ‘mine’ BTCs. At this stage, less than 125.6M BTCs are available for Mobile Mining.
The BTCs “mobile mining” will elapse on 12th December 2022 and subsequent mining will be on-chain via the use of Decentralized Nodes only… The Technical WhitePaper to be released before MainNet launch will give details on that.
When MainNet starts, BTCs and other assets on Satoshi Public Chain can be operated through Wallets only. We encourage miners to familiarize with wallet operations on TestNet to avert risk of asset loss due to improper operation on MainNet phase.
Stay informed #BTCs miners. You can join the BTCs Twitter Community, BTCs Telegram Group, and the BTCs Telegram Announcement Channel for verified updates regarding the project.
I forget my id verification I have done only face verification I want to add my id
Saved as a favorite, I like your website!