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Author Topic: Bitcoin Royale - Bitcoin based protocol focused on store of value and anti-theft  (Read 936 times)
idfleming
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August 27, 2019, 10:39:04 PM
Last edit: October 04, 2019, 09:47:48 AM by idfleming
 #1

Bitcoin Royale is a Bitcoin-based protocol focused on store of value and anti-theft.

Overview:
We propose a set of modifications to the original Bitcoin protocol aimed to provide an ultimate electronic store of value - a better form of gold. By increasing Bitcoin’s effective transaction confirmation time of 10 minutes to 24 hours, we are able to tackle Bitcoin’s greatest flaw as a form of gold - susceptibility to theft. A system geared less towards paying for coffee and more towards holding one’s life savings with complete peace of mind, where every transaction is alerted on-chain for 144 blocks and can be canceled on emergency with a recovery key that was never used prior and hence invulnerable. The bootstrap of this system is not via hard fork but through a fairer mechanism of expedited mining, allowing the system to catch up to Bitcoin in a short period of time.

White paper:
https://bitcoinroyale.org/bitcoinroyale.pdf

GitHub project:
https://github.com/bitcoinroyale

Coin metrics:
  • Coin name: BTCR (Bitcoin Royale)
  • Premine: none
  • ICO: none
  • Total number of coins: 21,000,000 BTCR (like Bitcoin)
  • Initial block reward: 175 BTCR (full schedule)
  • Average block time: 10 minutes (like Bitcoin)
  • Algorithm: SHA256 PoW (like Bitcoin)

Getting involved:

Thanks,
Ian
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acty
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August 28, 2019, 04:57:28 AM
 #2

what algo? how to run a node? running node has block rewards?

User 'idfleming' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting.
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August 28, 2019, 05:24:31 AM
 #3

Hello.
I would like to join your project and run one of first nodes thanks.Please unlock private messages from newbies I can not write to You personall.
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August 28, 2019, 05:40:55 AM
 #4

Still can not write to you go to profile and personal message settings and mark allow messages from newbies Cheesy
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August 28, 2019, 05:59:44 AM
 #5

I am interested in running the node, but there are things that I do not understand. Why did you hide the code source on GitHub?
do not you think it is quite fishy if you are asking for someone to run the node but you hide the code source from the GitHub, people might think the wallet has some sort of viruses.
(personally, I do think that way) and another thing is your commit. Based on GitHub, your latest commit was 9 days ago. Why did you create the thread yesterday not 9 days ago after you finished the commit?


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Admkng5
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August 28, 2019, 08:23:34 AM
 #6

Still can not write to you go to profile and personal message settings and mark allow messages from newbies Cheesy

This person published scam projects, wallets with viruses, be carefull with him!
idfleming
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August 29, 2019, 06:02:35 PM
 #7

what algo? how to run a node? running node has block rewards?

The algo is identical to Bitcoin PoW.

This is an open community project and the codebase is a fork of Bitcoin Core. Any contributer interested in writing PRs to implement the design paper is welcome to. I'll update the community once the implementation is ready for execution and mining and you can of course follow the GitHub.

Block rewards are similar to Bitcoin but with a bootstrap period of expedited mining.
See the design paper (#9 Bootstrap): https://bitcoinroyale.github.io/bitcoinroyale.pdf

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August 29, 2019, 07:44:47 PM
 #8

Hello good day, my name is siso
And i would like to apply for the job of a telegram manager.
I just saw your coin on icobench read through it and fell in love with the project. It would be a great pleasure to join the team.

Past experience as a community manager
1.  Work with pie coin in 2017
2. PoS Token
3. Dtube
And some other under the radar type of projects..
idfleming
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August 30, 2019, 10:10:34 AM
 #9

I am interested in running the node, but there are things that I do not understand. Why did you hide the code source on GitHub?

I defiantly agree that the code must be open to allow to go over it and contribute, and all source is going to be available. The project is currently under implementation, I wanted to receive feedback on the protocol design before finalizing the implementation.

To run a node, please open an issue for running a node on the GitHub repo: https://github.com/bitcoinroyale/whitepaper

Based on GitHub, your latest commit was 9 days ago. Why did you create the thread yesterday not 9 days ago after you finished the commit?

After committing the design paper I initially sent it to a couple of mailing lists and only later posted it in Bitcoin talk.
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August 30, 2019, 11:54:54 AM
 #10

Why creating this in Altcoin ANN section if proposal was sent to Bitcoin developers?


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idfleming
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August 30, 2019, 06:14:40 PM
 #11

Why creating this in Altcoin ANN section if proposal was sent to Bitcoin developers?

Even though the code is based on Bitcoin Core and the design paper is of interest to Bitcoin developers, in terms of the forum, as it’s not a change proposal to Bitcoin, I think it’s more suitable to the Altcoins section.

Do you think this is better to be implemented as a modification to Bitcoin or as a separate protocol?
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September 01, 2019, 09:52:20 PM
 #12

The are some new issues posted that discuss the design paper. Will appreciate your feedback.

https://github.com/bitcoinroyale/whitepaper/issues

In addition, please open an issue if you want to contribute or run one of the first nodes.
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September 01, 2019, 10:00:46 PM
 #13

You can't even use your shit scam project as toilet paper. You scammer piece of shit.
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September 05, 2019, 08:15:54 AM
 #14

And no news about the project.
idfleming
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September 17, 2019, 09:25:07 PM
 #15

News about the project are mostly in github as discussions in the github issues. Before any implementation is published, most of the discussion is about the design and schedule.

The most important proposal so far is this issue: https://github.com/bitcoinroyale/whitepaper/issues/14

The criticism of the design paper that repeated the most had to do with the length of the bootstrap period. In the original design, the bootstrap period is 1 year with a fixed block reward that drops very aggressively at the end of the bootstrap period to Bitcoin's regular block reward schedule.

The proposal is to make the bootstrap period significantly longer. From 1 year, change to 4.5 years.

In addition, during the bootstrap, instead of having a fixed block reward, make the block reward gradually decreasing.

A schedule that works nicely is to divide the 4.5 years to 9 sub-periods of 6 months each. The block reward will start at 175. After 6 months drop to 150, then after 6 months drop to 125, then to 100, then 75, then 50, then 25, then 12.5 and finally the 9th sub-period will have block reward of 6.25.

The bootstrap of 4.5 years will catch up to the first 16 years of Bitcoin. After the bootstrap, the schedule will converge to the regular Bitcon one. This will take place right after the 4th halving. Therefore the next period after the bootstrap will be 4 years (210,000 blocks) with reward of 3.125.

The full details of the proposal appear in the issue: https://github.com/bitcoinroyale/whitepaper/issues/14

Please comment on the issue if you have anything to contribute.. since implementation is already under way, this proposal should be decided upon very shortly.
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September 18, 2019, 07:50:42 PM
 #16

To adopt an organized way to discuss protocol modifications, I think we should use a system similar to BIP.
Accordingly, the bootstrap reward schedule proposal shall be known as BRIP-1   Wink

All improvement proposals will be listed here: https://github.com/bitcoinroyale/whitepaper
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September 21, 2019, 08:03:24 PM
 #17

I went over the paper and will feedback in github. When can we see some code? I didn't see any code in github



idfleming
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September 21, 2019, 08:52:32 PM
Last edit: September 22, 2019, 07:15:54 PM by idfleming
 #18

I've been working locally.. everything is pushed to github now:
https://github.com/bitcoinroyale/bitcoinroyale

If anyone is interested in contributing, now is a good time. I'd like to to reach the first codebase release in the next couple of weeks.
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September 25, 2019, 08:37:38 PM
 #19

This project has a lot of potential. I created a couple of issues to suggest some updates to the protocol and commented on a few other issues.

Here are some quick links to make them easier to find:

https://github.com/bitcoinroyale/whitepaper/issues/16
https://github.com/bitcoinroyale/whitepaper/issues/15
https://github.com/bitcoinroyale/whitepaper/issues/14
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September 28, 2019, 08:40:13 PM
 #20

Update: testnet is live!

Testnet is actively mining blocks. To participate in testnet, you must pull the latest version from github.

I created a simple tutorial on how to do CPU mining on testnet for anyone who wants to expreiment with the codebase: https://github.com/bitcoinroyale/bitcoinroyale/wiki/CPU-mining-on-testnet

The plan going forward:

Aiming to finalize the code for the first release during the upcoming week. Everything will be ready for mainnet launch in about 10 days. Once the codebase is ready, we'll coordinate the launch date in the forum so anyone can participate in the genesis event and mine from the very beginning.

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