🤖[ANN][BIS]Bismuth 2.0 - Beyond DeFi

[fonship]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

Thank you for detailing on this.
It is always exciting to know such things in detail.
Surely its early stage and i am ready to wait for this to take shape.

[1714776736]

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[1714776736]

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[1714776736]

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[1714776736]

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[1714776736]

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[gawlea]

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Don't forget about our 1200 $BIS Giveaway, only 3 days left!

https://gleam.io/competitions/fjZja-1200-bis-giveaway-3rd-edition-

Good luck!

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[Relaxedsense]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

Thanks for the update

[Piston Honda]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

Thanks for the update

i just heard this MN news, awesome stuff!!!

see you on the moon, no wait mars, no wait uranus, no wait andromeda!

[tvt.io]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

Thanks for the update

i just heard this MN news, awesome stuff!!!

see you on the moon, no wait mars, no wait uranus, no wait andromeda!

see you on the moon

[Bannedseller]

This project Bismuth is holding not too bad comparing to other also good projects. Hopefully Bismuth will outperform the market.

[motienvolam]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

More than excited!
I am waiting for your paper documents about Bismuth masternodes set up procedure.
Will we have hybrid network, which run simultaneously PoW and PoS, or only PoS after MN activated in the Bismuth network?
And testing procedure should be implemented as careful as possible to find out as many bugs as possible and fix them completely in order to make sure that Bismuth network will be healthy after upgraded.
Thanks for all your information in the future.

[HCLivess]

To clarify the MN approach:

- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.

So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.

More than excited!
I am waiting for your paper documents about Bismuth masternodes set up procedure.
Will we have hybrid network, which run simultaneously PoW and PoS, or only PoS after MN activated in the Bismuth network?
And testing procedure should be implemented as careful as possible to find out as many bugs as possible and fix them completely in order to make sure that Bismuth network will be healthy after upgraded.
Thanks for all your information in the future.

Hybrid is not a precise term, there would be two chains, running independently - one with metrics (PoS) and one with BIS (PoW)

[HCLivess]

Hi, here (https://bitcointalk.org/index.php?topic=2722806.msg27862959#msg27862959) are the signature design, but note that we don't have a signature campaign undergoing, yet.

Amazing! Thank you for the link you shared. I wish Bismuth project will open its signature campaign sooner or later this year. We actually need signature campaign to spread information, current progresses and future potential projects, services out to more and more potential investors. I believe that signature campaign will help to increase Bismuth liquidity generally.

I believe that signature campaign will help to increase Bismuth liquidity generally.

Incorrect. Signature campaigns do nothing but attract bottom feeding bounty scrubs who then take over the thread whining that they haven't received their 15 cents pay from the dev. BIS needs real marketing, not signature scrub marketing on shitcointalk.

Monero proves otherwise though

[Anton007]

Did any of the dev team reach out to Bittrex after their POW request?

[gawlea]

Hi everyone!

Be sure to update your wallets before block 580000

https://github.com/hclivess/Bismuth/releases/tag/4.2.3.7

Thank you!

[Anton007]

Did any of the dev team reach out to Bittrex after their POW request?

So thats a no.
Thx

[Trenantone]

Hi everyone!

Be sure to update your wallets before block 580000

https://github.com/hclivess/Bismuth/releases/tag/4.2.3.7

Thank you!

Hi!

How do I update my linux wallet? just overwrite it?


regards ;-)

[gawlea]

Did any of the dev team reach out to Bittrex after their POW request?

So thats a no.
Thx

Sorry, I've missed your question!

Bittrex refused us due to the custom implementation. We will contact them again when the RPC will be implemented.

[Anton007]

Thanx for replying & asking.

[percocet]

Did any of the dev team reach out to Bittrex after their POW request?

So thats a no.
Thx

Sorry, I've missed your question!

Bittrex refused us due to the custom implementation. We will contact them again when the RPC will be implemented.

Gawlea, I'd say Bittrex isn't even needed anymore - Binance is the king!

I know Binance asks for some serious $$$ up front so at the very least speak to Kucoin. Kucoin will add BIS for sure once RPC is implemented!

[gawlea]

Hello,can anybody drop to me info about Bitcore?

As I think you are lost in this jungle here you can find some info about Bitcore: https://bitcointalk.org/index.php?topic=1883902.0
Cheers!

Gawlea, I'd say Bittrex isn't even needed anymore - Binance is the king!

I know Binance asks for some serious $$$ up front so at the very least speak to Kucoin. Kucoin will add BIS for sure once RPC is implemented!

Yeah, you are right, but Bittrex is still better than Cryptopia, binance is the best out there and is the ultimate goal for all projects out there, as it was Polo some time ago. We will contact them all for sure when we will have the RPC set in place.

[gawlea]

Congratulations to the 5 winners of our 1200 $BIS Giveaway!



Thank you all for participating, Bismuth Foundation!

[steve0nz]

If the MN’s require two chains. Does that mean we will need 10,000 of Bis chain 2 and Bis?

Or will it mean we need to buy 10,000 Bis 2?

[tvt.io]

If the MN’s require two chains. Does that mean we will need 10,000 of Bis chain 2 and Bis?

Or will it mean we need to buy 10,000 Bis 2?

 10,000 Bis