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Author Topic: [ANN] iBTC - Improving on BTC Decentralization - Satoshi's Missing Link  (Read 631 times)
X-Kid
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March 18, 2020, 03:24:26 PM
Last edit: April 01, 2020, 06:18:06 AM by X-Kid
 #1

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:
Explorer:
Twitter:
Discord:
Wechat:
Lct971101
MiningPool:
iBTC Core:
GUI:
MiningPool Stats
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.
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March 18, 2020, 09:23:07 PM
 #2


*ATTENTION! Many new launched coins contains Viruses and Malwares . Some wallets showing a false malware or virus flag because of the integrated miner. Nevertheless we strongly recommend you to scan the wallets before using it. Use as example https://www.virustotal.com/gui/ to scan the files for malicious ware*

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March 19, 2020, 04:03:02 AM
 #3


*ATTENTION! Many new launched coins contains Viruses and Malwares . Some wallets showing a false malware or virus flag because of the integrated miner. Nevertheless we strongly recommend you to scan the wallets before using it. Use as example https://www.virustotal.com/gui/ to scan the files for malicious ware*
Thank You Team
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March 19, 2020, 08:19:15 AM
 #4

After verification, this project will be published in NEW COIN MARKETING & SHARED MN community, good luck team!
Discord | Telegram
You will be notified:
- New coins
- Shared Masternodes
- New Tokens
- Airdrops, Bounty companies, Giveaways
- Crypto news, crypto videos
- Discussion of new projects

we're very appreciate about that, thank you
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March 20, 2020, 06:32:40 AM
 #5

This coin was automatically detected in multiple pools and was notified on in the NewCoinAlerts discord.

Discord: https://discord.gg/JaDgwHj
othell_rogue
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March 20, 2020, 12:08:59 PM
 #6

Interesting coin, I would like to know what is the difference between SHA256 and SHA256d.
And if I can mine this coins with a CPU like a CPU only coin, or I need ASICs equipment, this is why I asked about the difference between algos in the first place.

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March 20, 2020, 02:18:20 PM
 #7

Interesting coin, I would like to know what is the difference between SHA256 and SHA256d.
And if I can mine this coins with a CPU like a CPU only coin, or I need ASICs equipment, this is why I asked about the difference between algos in the first place.
ASIC will get you the most iBTC. But any hardware can theoretically get you a block if you are lucky.

our iOS Client was done today

https://apps.apple.com/us/app/ibitcoin-wallet-ibtc/id1503606401?ls=1
pantek talacuik
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March 20, 2020, 05:25:23 PM
 #8

Interesting coin, I would like to know what is the difference between SHA256 and SHA256d.
And if I can mine this coins with a CPU like a CPU only coin, or I need ASICs equipment, this is why I asked about the difference between algos in the first place.

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.

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March 20, 2020, 10:24:56 PM
 #9

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes

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March 20, 2020, 10:45:45 PM
 #10

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes

they should be more responsive here as they are still in the very early stages of development. but weird, the hashrate and difficulty is already high. i'm expecting that they will have more audience in this thread. wonder how far their development will go in "beating" up bitcoin.



they also have their own electrum wallet. really a clone of bitcoin. but where is the dev here?

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X-Kid
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March 20, 2020, 11:46:26 PM
 #11

Interesting coin, I would like to know what is the difference between SHA256 and SHA256d.
And if I can mine this coins with a CPU like a CPU only coin, or I need ASICs equipment, this is why I asked about the difference between algos in the first place.

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
SHA256 is an algorithm

160

iBTC uses same as BTC, sha256 with RIPEMD160

these are 2 alg

d means double for 2

256 followed by 160

make it harder to try and reverse a private key

impossible

256d -> 256 then 160

256 -> just 256

but people are sloppy and 256 tends to refer to 256d also
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March 20, 2020, 11:55:14 PM
 #12

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes
for the time being you can use discord and discord makes it easy for us to do development
othell_rogue
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March 21, 2020, 06:41:16 PM
 #13

Interesting coin, I would like to know what is the difference between SHA256 and SHA256d.
And if I can mine this coins with a CPU like a CPU only coin, or I need ASICs equipment, this is why I asked about the difference between algos in the first place.

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
SHA256 is an algorithm

160

iBTC uses same as BTC, sha256 with RIPEMD160

these are 2 alg

d means double for 2

256 followed by 160

make it harder to try and reverse a private key

impossible

256d -> 256 then 160

256 -> just 256

but people are sloppy and 256 tends to refer to 256d also

Thanks for the kind explanation!
I was thinking is just the SHA256 name is similar, but is more CPU/GPU friendly. Anyway, I will try to fire up some GPU and see what they get to me.

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March 22, 2020, 02:09:53 AM
 #14

iBitcoin now available on:
PERSIANMINE

website:
https://persianmine.com/pool/en/#ibtc

Stratum:
Asic Mining:  stratum+tcp://persianmine.com:33444
Nicehash Mining: stratum+tcp://eu.persianmine.com:33445

Payout:
PPLNS every 20 minutes,
Fee: Only 0.2%
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March 22, 2020, 09:57:48 AM
 #15

iBitcoin now available on:
PERSIANMINE

website:
https://persianmine.com/pool/en/#ibtc

Stratum:
Asic Mining:  stratum+tcp://persianmine.com:33444
Nicehash Mining: stratum+tcp://eu.persianmine.com:33445

Payout:
PPLNS every 20 minutes,
Fee: Only 0.2%

stratum+tcp://213.232.124.121:33444

using this for mining rig rental
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March 22, 2020, 04:41:06 PM
 #16

THIS IS A SCAM!!!  These people make crypto look bad. STAY CLEAR...SCAM ALERT!  This is same group of BTCV rebranding their SCAM as iBTC. Don't fall for it. Look into it, this is literally the exact same people who did the BTCV crap & it ended up failing because people finally realized it was a SCAM, so they are relaunching the exact same SCAM under new name, iBTC. STAY CLEAR!!! iBTC is a SCAM!!!
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March 22, 2020, 06:17:23 PM
 #17

THIS IS A SCAM!!!  These people make crypto look bad. STAY CLEAR...SCAM ALERT!  This is same group of BTCV rebranding their SCAM as iBTC. Don't fall for it. Look into it, this is literally the exact same people who did the BTCV crap & it ended up failing because people finally realized it was a SCAM, so they are relaunching the exact same SCAM under new name, iBTC. STAY CLEAR!!! iBTC is a SCAM!!!
No Problem, because i love the enemy... BTCVariable just tryng attack us now? because i'm telling truth about your dev just scrab take a look on your telegram group? your all admin just say sorry https://t.me/BitCoinVcryptocurrency
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March 23, 2020, 01:24:33 PM
 #18

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes

I just found out that this project does not have a telegram group in providing information to everyone who participates here. Very unique in my opinion because all projects almost use telegram.

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March 24, 2020, 07:02:39 AM
 #19

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes

I just found out that this project does not have a telegram group in providing information to everyone who participates here. Very unique in my opinion because all projects almost use telegram.
we will make it later, but for now we are still focused on making the community see development.  and discord is the right place
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March 24, 2020, 03:30:00 PM
 #20

I see no response from this thread with your question, you should try to visit the telegram group of this project to find out more clearly about being a question mark for you and some of the people in it.
it looks like they don't have telegram and they only use https://discord.gg/Nwj56J7. I think if they have telegrams it will make it easier to communicate with everyone
I'm also waiting for response from the post above Roll Eyes

I just found out that this project does not have a telegram group in providing information to everyone who participates here. Very unique in my opinion because all projects almost use telegram.
we will make it later, but for now we are still focused on making the community see development.  and discord is the right place

Interesting ideas for doing new things and different from other projects. I support the choice of the team and see the continuation of this project in the coming months.

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