Main Page - Revision history

Sntjo2847: Updated last 3 paragraphs of description to present tense from future

2021-06-28T17:29:32Z

Updated last 3 paragraphs of description to present tense from future

Sntjo2847: POBH -> RandomX in block reward

2021-06-28T17:22:03Z

POBH -> RandomX in block reward

Sntjo2847: Removed paragraphs 7 and 8. I think they are information that is outdated

2021-06-28T17:20:02Z

Removed paragraphs 7 and 8. I think they are information that is outdated

Sntjo2847: Updated paragraphs 3-5

2021-06-28T17:13:24Z

Updated paragraphs 3-5

Sntjo2847: Update 1st and 2nd paragraph of description, replace Compassion with CameroonOne

2021-06-28T16:41:38Z

Update 1st and 2nd paragraph of description, replace Compassion with CameroonOne

Sntjo2847: Remove Tokok(no longer recommended/trusted), Graviex(BBP not listed)

2021-06-28T16:31:03Z

Remove Tokok(no longer recommended/trusted), Graviex(BBP not listed)

Sntjo2847: Update algorithm, github link. Remove broken link to explorer.biblepay.org

2021-06-28T16:28:27Z

Update algorithm, github link. Remove broken link to explorer.biblepay.org

Sntjo2847: Updated current version, block reward

2021-06-28T16:23:38Z

Updated current version, block reward

Admin: Changed protection level for "Main Page": Excessive vandalism ([Edit=Allow only autoconfirmed users] (indefinite) [Move=Allow only autoconfirmed users] (indefinite))

2021-06-24T20:37:06Z

Changed protection level for "Main Page": Excessive vandalism ([Edit=Allow only autoconfirmed users] (indefinite) [Move=Allow only autoconfirmed users] (indefinite))

Togoshigekata: Updated some outdated information, Added section headings

2020-01-02T07:50:19Z

Updated some outdated information, Added section headings

Show changes

@@ Line 97: / Line 97: @@
 ECONOMICS: http://wiki.biblepay.org/Economics
-<p>After our sanctuaries go live, we allocate 10% of each block subsidy to our governance committe (a DAO), automatically, with 100% of that being
+<p>We allocate 10% of each block subsidy to our governance committee (a DAO), automatically, with 100% of that being spent on charity.
-Over time, our sanctuaries will become a charity governance committee, to allow our community to take over the day to day operations of the charity: voting on where the money is spent, how much is spent.
+Our sanctuaries are a charity governance committee, allowing our community to control the day to day operations of the charity: voting on what money is spent on, and how much is spent. This way, we will not be centralized.</p>
-<p>We only partner with charities over 75% efficient, meaning over 75% reach the end-user.</p>
+<p>We only partner with charities over 75% efficient, meaning over 75% reaches the end-user.</p>
 ==='''NO PREMINE'''===

@@ Line 58: / Line 58: @@
              Portfolio Builder Rewards
-.0% POBH (CPU Mining)
+.0% RandomX (CPU Mining)
 .0% Sanctuaries (Masternodes)

@@ Line 86: / Line 86: @@
 <p>For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%.  Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our volunteer time. After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.</p>
 <p>The network will be high efficiency with low total energy consumption, and the charities sponsored must also be high efficiency (over 75%).
 Next, we are deflationary, meaning that we start by issuing a larger amount of coins per block, and each year we tighten the supply by 18%.</p>

@@ Line 80: / Line 80: @@
 <p>Proof Of Biblehash (POBh) has been replaced with RandomX(merge mining) - an algorithm that combines mining BBP and XMR(Monero), while preventing GPUs and ASIC, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.</p>
-<p>Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) will come online after Christmas, allowing all expenses to be voted on and approved.</p>
+<p>Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) allow all expenses to be voted on and approved.</p>
 <p>Expense receipts, to prove the sponshorship of new orphans, will be accessible from inside the wallet and we will even provide phone numbers for auditors to prove </p>
-% charity expenditures.  (From the rpc, type &#39;run contribution&#39; to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets &#39;Accountability&#39; button to see a list of orphans, expenses, sponsorship dates, amounts, and the charity phone number, and txid).
+% charity expenditures.  (From the rpc, type &#39;run contribution&#39; to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets &#39;Accounting&#39; button to see a list of orphans, expenses, sponsorship dates, amounts, and the txid).
 <p>For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%.  Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our volunteer time. After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.</p>

@@ Line 76: / Line 76: @@
 ==='''DESCRIPTION'''===
-<p>A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to [http://compassion.com http://compassion.com] - and future charities that are more than 75% efficient.  ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **</p>
+<p>A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to [https://www.cameroonone.org/ https://www.cameroonone.org/] - and future charities that are more than 75% efficient.  ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **</p>
-<p>Proof of Work has been replaced with Proof Of Biblehash (POBh) - an algorithm that compensates full nodes participation, while preventing GPUs and ASIC by requiring full blockchain transaction referencing in the hashing function, along with chained bible verses.  This means biblepay subsidizes full nodes that stay online.</p>
+<p>Proof Of Biblehash (POBh) has been replaced with RandomX(merge mining) - an algorithm that combines mining BBP and XMR(Monero), while preventing GPUs and ASIC, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.</p>
 <p>Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) will come online after Christmas, allowing all expenses to be voted on and approved.</p>

@@ Line 74: / Line 74: @@
 ==='''EXCHANGES'''===
 <p>'''[https://www.southxchange.com/Market/Book/BBP/BTC SouthXchange]'''</p>
 ==='''DESCRIPTION'''===

@@ Line 18: / Line 18: @@
 || Operating System || Windows, Linux, macOS
 |-
-|| Algorithm || Proof-of-BibleHash
+|| Algorithm || RandomX (merge mining)
 |-
 || Current Version || Client v1.6.2.5 mandatory
@@ Line 42: / Line 42: @@
 <p>'''BLOCK TARGET RATE:''' 7 MINUTES</p>
-<p>'''ALGORITHM:''' PROOF OF BIBLEHASH (POBh)</p>
+<p>'''ALGORITHM:''' RandomX (merge mining)</p>
 <p>'''TRANSACTION SPEED:''' SUPPORTS INSTANTSEND</p>
@@ Line 67: / Line 67: @@
 <p>'''BLOCK EXPLORER:''' [https://chainz.cryptoid.info/bbp/ chainz.cryptoid.info/bbp]</p>
-<p>'''SOURCE CODE:''' [https://github.com/biblepay/biblepay-evolution github.com/biblepay/biblepay-evolution]</p>
+<p>'''SOURCE CODE:''' [https://github.com/biblepay/biblepay github.com/biblepay/biblepay]</p>
 <p>'''WEB SITE:''' [http://biblepay.org biblepay.org]</p>

@@ Line 20: / Line 20: @@
 || Algorithm || Proof-of-BibleHash
 |-
-|| Current Version || Client v1.4.8.4 mandatory
+|| Current Version || Client v1.6.2.5 mandatory
 |-
 || Blocktime || avg 7 Minutes
@@ Line 48: / Line 48: @@
 ==='''BLOCK REWARD'''===
 .0% Monthly Budget
-.0% Exchange Fund Payoff
+            Exchange Fund Payoff
-.0% IT (Software Development)
+            IT (Software Development)
-.0% MISC
+            MISC
 .0% GSC (Generic Smart Contracts)
-.0% PODC (Science Research)
+            Portfolio Builder Rewards
-.0% POBH (Heat Mining)
+.0% POBH (CPU Mining)
-.0% Masternodes (Sanctuaries)
+.0% Sanctuaries (Masternodes)
 ==='''LINKS'''===

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