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[iBTC - Improved BTC]

iBTC - Improved BTC

iBTC aims to be a more decentralized version of Bitcoin. This is accomplished using Satoshi's Missing Link - VBR Decentralization Algorithm. The Variable Block Reward (VBR) feature is the engine behind promoting more decentralization.

iBTC adds Variable Block Rewards (VBR), a linearly weighted moving average (LWMA) Difficulty Adjustment Algorithm (DAA) to the Bitcoin (BTC) codebase. Adding VBR increases mining decentralization and forms a natural 51% attack deterrent algorithm. Attackers trying to freeze the blockchain will fail due to the added LWMA3 DAA algorithm.

Website:

http://ibtc.network

Explorer:

http://explorer.ibtc.network

Twitter:

https://twitter.com/ImprovedBitcoin

Discord:

https://discord.gg/Nwj56J7

Telegram:
https://t.me/ibtcenglish

Wechat:
Lct971101

MiningPool:

https://miningcoins.ca

http://smithpool.dynu.net

http://anomp.com/
https://persianmine.com/ibtc
https://pool.alphaserpentis.space/
https://miningpool.my2coins.com/

iBTC Core:

https://github.com/NullFunctor?tab=repositories

GUI:

https://github.com/NullFunctor/iBTC/releases/tag/v0.19.1.1_final

Android Client:

https://play.google.com/store/apps/details?id=com.ibtcwallet

iOS Client:

https://apps.apple.com/us/app/ibitcoin-wallet-ibtc/id1503606401?ls=1

MiningPool Stats

https://miningpoolstats.stream/ibitcoin

Exchange:
https://graviex.net

CoinGecko:
https://www.coingecko.com/en/coins/improved-bitcoin

COIN SPECIFICATION

PoW algorithm: SHA256d

Max supply: 84 Million iBTC

Block reward: Variable Block Rewards

Block time: 10 minutes

Difficulty: Updates every block using LWMA

The VBR reward system has 7 levels:

VBR Multiplier: Block Reward prior to the first halving:
50 iBTC Standard BTC block reward
100 iBTC
200 iBTC
400 iBTC
800 iBTC
1600 iBTC
3200 iBTC MAX JACKPOT

The above table allows the VBR feature to form a more decentralized form of
Bitcoin by allowing miners to get greedy and try for the 3200 iBTC block reward.

The algorithm is a 51% attack deterrent since it pays miners with more hash power
considerably more than a low hash miner; thus no need to try and double spend.