Bitcoin Forum
January 17, 2020, 07:42:12 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [ANN] Bit Trust System - New economy/Finance/Defi  (Read 344 times)
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 03:58:44 AM
Last edit: January 16, 2020, 09:32:51 AM by BIUTBlock
 #1

BIT TRUST SYSTEM


Bit Trust System is an electronic trust system that is completely implemented by peer-to-peer technology. It is a system-level trust program based on blockchain and algorithm implementation. It ensures that both parties to a transaction can complete transactions online through algorithms. There is no need for any centralization organization. BIUT solves the key problem of trust reconfiguration in the new economy and new financial fields such as E-commerce, sharing economy, P2P, crowdfunding, etc. It is an essential way for developers, businesses, and users to open the door to the digital economy.

Latest POW+POS Mining software: https://github.com/BIUT-Block/biutblock-client-pool/releases

Mining ANN thread:https://bitcointalk.org/index.php?topic=5213776.0




Trust coin BIUT


Cryptocurrency used in the application layer, BIUT chain is used to record the activity of transaction accounts by transaction trust algorithm.

Application:payment, mining interests proof, transaction mortgage, market trading fee, costs of arbitration and other disputes in the transaction.

Total amount:1.5 billion

Issue: Team 10%, foundations 10%, community 40%, 40% distributed by smart contract to the credit gatekeepers who secure the transactions in the ecosystem.





Trust coin BIU

Cryptocurrency used to pay the gas in the payment network. BIU chain used for account activity algorithm and filter the trusted nodes.

Application: Transfer, the gas of smart contract, cost of issue customize parent chain node.

Total amount: 1.5 billion

Mortgage BIUT amount: In proportion to the amount of mining BIU, Minimum mortgage of this year: 10 ( no upper limit)

Issue: Full issue

The first 100 million of 750 million will be used for release as the holding amount, the release rate is one in ten thousand percentage every 3 months.

The remain 650 million of 750 million BIU mining amount depends on the amount of the transactions. The mining amount will increase when the mining participants increasing and gas demands improving.
Mining block adjustment formula: The output is related to the number of transactions in the whole network in the first two periods, and the period is three months.

Calculate the output of the next cycle PQi+1:

PQi is the output of the last period. TQi is the transaction numbers of the whole network at last period, TQi-1 is the transaction numbers of the whole network at the period before the last period.
In this formula: if TQi, TQi-1 is 0, Then add 1 respectively.
The left 750 million BIU will be halved in 4 years

• Website: https://www.biut.io
• White paper: https://www.biut.io/data/white_paper/biut-whitepaper-v3.72-english.pdf
• Software and Apps:https://www.biut.io/dapp
• Mining Wallet: http://mining.biut.io
• Facebook: https://www.facebook.com/BIUTBIU
• Twitter: https://twitter.com/BIUTBlock
• Instagram:  https://instagram.com/biut_block/
• Reddit: https://www.reddit.com/r/BIUT
• Medium: https://medium.com/@biut.io


Our Global Community
 
Discord: https://discord.gg/4dYFwYA
BIUT English Community: https://t.me/BIUTBlock
BIUT中国社区: https://t.me/BIUTBlockChinese



Latest event




==========2020.01.04==============
Announcement

The latest PC-Miner of rebuilding staging tree will be released tomorrow. The current low efficiency of blocks output and the mining pool balance display problems will be resolved within two versions. Thank you for bear with us while we are upgrading.

==========2020.01.16==============

PC-Miner  1.2.62 New version has uploaded to the official website: https://www.biut.io
You can download on this site: https://www.biut.io/dapp

-Improved BIU blocks output efficiency
-Reduced verification time
-Improved Blocks syncing time
-Fixed balance and total profits display problems


There are many changes in the new version so you should uninstall the old PC-Miner before you install a new PC-Miner.

Then delete the old "Data" folder and put the new "Data" folder to in your installation folder.

New "Data" folder download link: https://mega.nz/#F!BtEUiKoJ!BND6yuX1S5cZOmJ5Q-zm5g
1579290132
Hero Member
*
Offline Offline

Posts: 1579290132

View Profile Personal Message (Offline)

Ignore
1579290132
Reply with quote  #2

1579290132
Report to moderator
1579290132
Hero Member
*
Offline Offline

Posts: 1579290132

View Profile Personal Message (Offline)

Ignore
1579290132
Reply with quote  #2

1579290132
Report to moderator
No registration neededFixed RatesUnlimited transaction volumes
Try Now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579290132
Hero Member
*
Offline Offline

Posts: 1579290132

View Profile Personal Message (Offline)

Ignore
1579290132
Reply with quote  #2

1579290132
Report to moderator
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:01:04 AM
 #2


Exchange :

https://trade.coinegg.com/trade/biut_usdt/

https://www.biki.com/trade/BIUT_USDT

https://big.one/trade/BIUT-USDT

https://big.one/trade/BIUT-ONE
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:10:48 AM
 #3

• Software and Appshttps://www.biut.io/dapp




https://github.com/BIUT-Block/biutblock-client-pool/releases

BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:13:37 AM
 #4

AMA

safari88
Legendary
*
Offline Offline

Activity: 1302
Merit: 1012

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 31, 2019, 04:15:18 AM
 #5

i saw that there is 40% to the community, can you explain how you will distribute it to the community?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
frol00
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
December 31, 2019, 04:27:04 AM
 #6

Where to get an invite?
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:30:57 AM
 #7

I saw that there is 40% to the community, can you explain how you will distribute it to the community?

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:31:43 AM
 #8

Where to get an invite?

this one: mIUpbXu3
frol00
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
December 31, 2019, 04:37:26 AM
 #9

Where to get an invite?

this one: mIUpbXu3

How to join the pool?
safari88
Legendary
*
Offline Offline

Activity: 1302
Merit: 1012

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 31, 2019, 04:38:08 AM
 #10


Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 04:59:27 AM
 #11


Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 05:06:45 AM
Last edit: December 31, 2019, 05:25:58 AM by BIUTBlock
 #12


Mining tutorial : http://mining.biut.io/#/walletHelp
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 05:35:32 AM
Last edit: December 31, 2019, 09:54:39 AM by BIUTBlock
 #13

Mining tutorial

Web Mininig and PC-Miner guide :http://mining.biut.io/#/walletHelp

KOREAN: https://medium.com/@biut.io/%EC%9B%B9-%EB%A7%88%EC%9D%B4%EB%8B%9D-%EC%A7%80%EA%B0%91-pc-miner-%ED%8A%9C%ED%86%A0%EB%A6%AC%EC%96%BC-ed931fea3f72

others tutorial article:https://www.publish0x.com/crypto-tricks/biut-simple-pc-miner-mining-tutorial-xmjpej

Video: (if you choose to join the mining pool, you can't  use the SAME wallet to mine on PC-Miner)

PC-Miner: https://youtu.be/4QEKTydFwc4

Join Mining pool: https://youtu.be/BWsoFfljw48
Daytona_tj
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
December 31, 2019, 06:28:21 AM
 #14


Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS
POW+POS is not Algorithm,but consensus mechanism.I think the minning is a smart contract.
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
December 31, 2019, 08:45:14 AM
 #15


Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS
POW+POS is not Algorithm,but consensus mechanism. I think the minning is a smart contract.

yes, we have our special trust Algorithm(it is similar to Google's PageRank algorithm ) and recently we also have a breakthrough. if you want to know more and I suggest you read our whitepaper.

I wish I could explain the whole thing here, but I afraid that I can't show full aspects of our Algorithm.

acty
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
January 01, 2020, 05:31:21 AM
 #16

it's gpu only?
keseoma
Member
**
Offline Offline

Activity: 438
Merit: 12


View Profile WWW
January 01, 2020, 10:02:39 AM
 #17

seems we need to buy the coin first and then mining with mortgage 10 BIUT to mine ?

BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
January 01, 2020, 10:44:04 AM
 #18

it's gpu only?
Hello, it is CPU and POS Mining. we combine POW and POS.
BIUTBlock
Copper Member
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
January 01, 2020, 10:45:29 AM
 #19

seems we need to buy the coin first and then mining with mortgage 10 BIUT to mine ?

Yes, Lock up 10000 BIUT for one year.  Smiley

After one year, the BIUT will be released automatically.  It is kind of free mining.
andycarrol
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
January 01, 2020, 01:48:18 PM
 #20

Yes, Lock up 10000 BIUT for one year.  Smiley

After one year, the BIUT will be released automatically.  It is kind of free mining.

if we lock up 10k BIUT how many BIUT will we earn for POS?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!