Launch date - 18 April, 10:50 GMT 17 April, 22:00 GMT

Website:

http://bitmonero.org

BMR rep is the freshest one. You may check it there: https://github.com/bitmonero-project/bitmonero

Latest update of binaries are available at www.bitmonero.org
Links:
Win 32
Win 64
Unix
Mac

I'm working on another good feature now, so stay tuned.

Freenode: #bitmonero

[Logo contest - till 28 April - bounty 300 BMR]: https://bitcointalk.org/index.php?topic=580155



Important: this is not a Bytecoin relaunch or not a Bytecoin replacement but a Bytecoin fork. Bytecoin has its own long history, community and stakeholders we don't know much about. I respect them and their decisions even if I don't understand them now. An intention to relaunch coin is always harmfull for everybody involved. Fork is a right way to contribute to community in case you don't agree with decisions already made.

- Why did I make fork?

- Because there is a number of technical and marketing issues I wanted to do differently. And also because I like ideas and technology and I want it to succeed.

I did an announcement ASAP while a lot of details aren't still defined because the earlier it is announced the more people will be able to join. Details will appear as soon as they will be defined and decided.

Here are details that are already defined and I don't plan to change this:

1. New coin will use Bytecoin(BCN)/CryptoNote code base.

2. New coin is started from scratch (i.e. from genesis block).

3. Emission schedule has a flatter curve (close to Bitcoin's original curve).

4. Bitmonero - BMR (monero /esperanto/ = coin)
    Name. Actually there are several good candidates. I have to buy corresponding domains before announcing name

5. Block target = 60 seconds

6. Penalty-free block size were increased.

CryptoNote doesn't have hard limits: all parameters are adaptive. Max block size is adaptive also. It is recalculated the same way difficulty is. In case miner creates block bigger than 1*CURRENT_MAX_BLOCK_SIZE the penalty is applied to block reward (i.e. block reward is decreased). In case miner creates block bigger than 2*CURRENT_MAX_BLOCK_SIZE such block will not be accepted by network.

For blocks below penalty-free block size this logic isn't applied. I.e. even in the blockchain with all blocks empty you can create a block of this size with full block reward. In reference code this penalty-free block size is 10Kb - this is good for 2-3 anonymous transactions (anonymous means mixin factor is 5 or more). It's better to have a bit more.

7. Decimal point were moved. There are less coins in total but initial block reward will be less than 100 coins. This is much easier for practical use. This is an UI issue only - technically there will be 2^64 - 1 atomic units.



Action plan

- I want to start mining and I don't want to wait a week. What can I don just now?

1. CryptoNote is very different from Bitcoin-based currencies and it has no GUI now. I recommed you to try Bytecoin (BCN) now to understand how to use it. The new currency will be very similar while starting.

2. If you are an Ubuntu user it is much better to update you mining machine to Ubuntu 13.10 because there are all required packages already in repo.

3. CryptoNote now works only on 64bit OSes. Actually I don't know the way to build it for 32bit OS. In order to participate you need 64bit OS.

- I want to help with development / design / marketing ...

Please PM me

- I want to integrate new currency in my sevices (pools, block explorers, exchanges etc)

Please check API pages: https://wiki.bytecoin.org/wiki/Main_Page
API is far from being complete. Please PM me for comments or ask on CryptoNote forum: https://forum.cryptonote.org/

- I want to give you money for this project

Here is a donation address in BCN: 27swAkuqXB2M2YNhxjP9qngei9iRdTsH6b2PX7K4ffpugpf3hqiuRUUQvKLxny2iE1hbUANgF81CXL2 v3AiB45v7SmRaPGd

Translations:

[Portuguese] https://bitcointalk.org/index.php?topic=563927.0

References:

[1] CryptoNote technology page: https://cryptonote.org/inside.php
[2] CryptoNote forum: https://forum.cryptonote.org/
[3] Bytecoin (BCN) site: https://bytecoin.org/
[4] Bytecoin (BCN) wiki: https://wiki.bytecoin.org/
[5] Bytecoin (BCN) main thread: https://bitcointalk.org/index.php?topic=512747
[6] Bytecoin (BCN) mining guide: https://bitcointalk.org/index.php?topic=544715
[7] Bytecoin (BCN) white paper: https://bytecoin.org/whitepaper.pdf

how about wallet with gui not only with command line?))

Does this coin have any new, revolutionary idea? Why does one use it instead of btc/ltc?

The coin is not a revolutionary new idea, but its based on a revolutionary idea called cryptonote (https://cryptonote.org/inside.php). Also the fact that cryptonote/bytecoin was hidden deep for the last few years and was being mined by a "big" unknown community the fork would give people a fair start on this new technology.

True, but if the decimal is changed to a max of two then you need to have more max supply in my opinion. Im not a prophet or full time supporter of a high coin value when there can be more coins and serve the same purpose. Also thinking about adoption, a max of 2 decimals would make more sense, but then im only talking from an adoptive standpoint for the masses. One thing i learned is Keep It Simple Stupid

I honestly don't see the advantage of bringing the block time down to 1 minute. You're ultimately looking at increasing orphan blocks and decreasing hash power, and all you get is a feature that looks great on paper but has little purpose. I wouldn't mess with it. Apparently the BCN devs wanted 5-10 minute block times but settled on 2 minutes after lengthy disputes. Their decision is explained in more detail here:

https://forum.cryptonote.org/viewtopic.php?f=5&t=20

oh ,I can translate into chinese.

Block target isn't only about transaction speed.

It also influences the chance to get block in solomining: with the same total hashrate it's twice easier to find block with 60 sec block target than with 120 secs. Solo mining gives decentralization. This way faster blocks lead to more decentralized network in the beginning.

From another point of view faster block are smaller (less transactions per block). Small blocks are easier to propagate through network.

I agree. It's a valid point that shorter block times will increase a solo miner's chances of finding a block, but even with a cpu-only coin it's only a matter of time before pooling becomes a necessity. At that point the shorter block time yields no benefit to the miners, but you're still left with the additional orphan blocks and wasted work.

thankful for today -

I would be thankful if you stopped creating shitcoins. Thanks!