Blockchain Parameters###Proof of Work
* Algo: SHA-256D
* Block 1: 100,000,000BITS Custody Amount
* Block 2 - 111: 0BITS
* Block 112-210: 1BITS
* Block 211 - 26130: 100BITS
* Block 26131 - Onward: 10BITS, Reward reductions follow at a rate of 0.0025BITS every 90 days for 400 reductions, or 99 years.
* Difficulty Regulator: Kimoto's Gravity Well
* TX Comments
###Proof of Stake
* Interest Per Year: 10%
* Minimum Stake Age: 24 hours
###Network
* Coin Maturity: 110 Blocks
* Block Time: 5 minutes
* MainNet Port: 2300
* MainNet RPC Port: 23000
Explorerhttp://explorer.bitseeds.orgWhat Is BitSeeds?BitSeeds is a hybrid proof of work/proof of stake cryptocurrency network with the stated goal of raising money to assist the Rainforest Foundation (
http://rainforestfoundation.org/bitseeds) in its mission of reforesting the planet. For every coin emitted on the BitSeeds network, the Rainforest Foundation and the BitSeeds Foundation has committed to planting one tree. The rate of deforestation is so enormous that in order to restore balance a disruption in traditional fund raising was needed. BitSeeds provides a cryptographic ledger with unique features specifically designed for not-for-profit organizations and driving merchant adoption. Ecosystem development is an ongoing process spearheaded by the BitSeeds Foundation.
Why Is BitSeeds Necessary?BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accomodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of crypto-currency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.
"The simple act of holding BitSeeds makes the world a better place because you are investing in the mission of the Rainforest Foundation to reforest the planet."What Is The BitSeeds Foundation?The BitSeeds Foundation is a not-for-profit entity registered in the state of Nevada. More information may be found at the BitSeeds website (
http://BitSeeds.org).
Why Is BitSeeds Important?Cryptocurrencies are a means to give people hope, and that is the primary use case of BitSeeds. Beyond the stated mission, the BitSeeds Foundation is committed to furthering the partnership of cryptocurrencies and charity and offers its network and support services to any charity that wishes to implement a safe and healthy digital currency into their fundraising efforts.
Why Not Use Another Currency?While BitSeeds could not exist without blockchain technology, other networks may not suitable for most charity organizations. BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accomodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of crypto-currency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.
What Makes BitSeeds Different?While boasting a number of technological advances which make it superior to other currencies, BitSeeds has a real mission to guide its development and growth. The core mission of reforesting the planet always takes precedence over other concerns. Without distractions, the work of the Rainforest Foundation and the BitSeeds Foundation can continue with minimal outside risk.
Why Would Merchants Use BitSeeds?
Merchant adoption is driven through a custom remittance system being developed by Coin.co (
http://coin.co). 1.25% of every transaction processed is sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.
Every transaction completed through this process is a charitable tax deduction for the accepting merchant.
How Do You Plan To Plant 1,000,000,000 Trees?[/b]
That's the best part about BitSeeds: all of the necessary experience, expertise, ingenuity, and infrastructure are already there! It's all built and ready. All we need is funding from the public to expand 30+ year old reforestation operations to levels never seen before. BitSeeds will provide jobs, infrastructure, and raise the standards of living for the poorest in the world. This project is already in motion. BitSeeds makes more of it happen, faster.
To make this initiative possible, each year BitSeeds will yield 10% interest to each person who holds the currency. At the launch of the currency, 100 million BitSeeds will be set aside in a special multisig wallet that will generate interest for the Rainforest Foundation. The yearly interest income the Rainforest Foundation receives will enable them to help local communities conserve and restore forests on a scale never before possible.
From the Rainforest Foundation, founding member of the BitSeeds Foundation:“Immediately slowing or stopping the alarming rate of rainforest destruction is vital to society’s health and wellbeing. So we asked ourselves: how can we leverage more resources to support what we know are effective solutions? The scale of funding needed to halt or reverse rainforest destruction is so large that we can't just do what we've always done to raise funds. We need innovation. We need disruption.”
-Suzanne Pelletier, Executive Director of Rainforest Foundation US and founding member of the BitSeeds Foundationhttp://rainforestfoundation.org/bitseedsIn The Newshttp://www.coindesk.com/rainforest-foundation-digital-currency-save-rainforests/http://www.newsbtc.com/2015/04/20/bitseeds-and-rainforest-foundation-to-protect-rainforests/To Everyone Who HelpedThank you.
