Why BiblePay
Why is BiblePay Special?
You may ask, why do we need another cryptocurrency? Don't we already have Bitcoin, Ethereum and Ripple?
You are correct in that the world does not need an unlimited amount of cryptocurrencies, because each new chain requires a certain amount of infrastructure to be maintained and energy is consumed by the miners.
However, BiblePay fills a certain niche and provides real value to the space.
A hedge Against Inflation by Central Banks
We have a vision of being a hedge against central bank fiat inflation. We do this by controlling our money supply with a decreasing yearly emission rate (decreasing by 20% per year) according to our schedule found here: https://wiki.biblepay.org/Emission_Schedule_2020 , and the theory is that value locked up in our chain will be independent to moves in fiat currencies, and, we strictly adhere to our emission schedule that is published - and this schedule is designed to pay our miners and sanctuaries. This schedule is in contrast to the way central banks work, who decide to print money based on demands of governments and pandemics and bailouts, etc.
More than $240,000 given to Orphan-Charity directly from our Chain
Next, our altruistic side has a vision to fulfill James 1:27, help orphans and widows in their distress. From our inception, we have directed more than 10% of our emissions to go to orphan-charity. The way our chain works is we require each sanctuary to sponsor one orphan and in exchange, the sanctuary receives 20% of our coinbase reward. If our price rises, more sanctuaries come online to sponsor more orphans (due to their ability to profit). Each orphan costs a sanctuary $40.00 per month. We have provably sponsored orphans from Cameroon-One. Each Cameroon-One orphan contains the public sanctuary key on the childs bio and is guaranteed never to be sponsored by more than one donor at a time.
Decentralized autonomous organization Governance Body (Sanctuaries)
Our governance body, being a decentralized-autonomous-charity (DAO), is not subject to government intereference. Each member has the best interests for the community, since they had to make an investment of 4.5MM bbp for the Right to become a sanctuary, and they much sponsor an orphan that is in good-standing, meaning they have a financial investment and a monthly commitment. This gives the member the right to vote on governance issues directly from the sanctuary (they may review and vote on proposals that drive our coin and charity decisions). They are most likely good people on a mission that is Christian oriented.
Spreading the Gospel of Jesus Christ
We are also committed to spreading the gospel of Jesus Christ to new Christians. Our core wallet has the KJV bible compiled in which provides scripture references to various functions. In the beginning our original hash algorithm (POBH) used to use the bible for hashing -- however we have decided to move to RandomX merge mining as of 2020, to reduce the electric bills that our miners incur (and make our chain more efficient). This move allows BiblePay to be mined on any commodity PC and prevents our chain from being taken over by ASICs. We also have a combination of merge-mining and chainlocks for block security that virtually prevents 51% attacks (chainlocks, developed by dash, prevent reorgs, and merge-mining ensures no big miners can come in and disrupt our hashpower in a material way).
Foreign Staking Rewards (UTXO staking)
Biblepay provides Foreign Staking Rewards giving you the ability to receive ROI for your self-directed long currency positions in other currencies. For example, if you hold BTC, LTC, ETH, DOGE or DASH you may stake those foreign currencies inside the biblepay wallet and you will become part of our leaderboard. This gives you a daily reward from our mining budget called (DWU - dynamic whale unit).
A certified institute - BiblePay University
We are a certified institute for Gospel Teachings from Harvest Time. In BiblePay University, you can learn college level theological material and even take final exams right in the wallet.
Read the Bible behind suppressed Firewalls
Our core wallet has the KJV compiled in, and allows you to read the bible in English, Chinese and Russian. We look forward to adding more languages.
Community Based Prayers
We have a community that prays for you. When you enter a prayer in the blockchain, we pray for you on our weekly prayer calls (on Sunday afternoon). Also, end users can see the prayer in the wallet and pray for you too.
NFTs (Non fungible Tokens)
We are the first Bitcoin based coin with NFTs (Non fungible tokens). With NFTs, you can buy, sell, edit and view NFTs. For more information see here: https://foundation.biblepay.org/NFTBrowse
Christian Dashboard
We are committed to providing real value for Lifestyle Christians. Our Christian dashboard is a tool that allows a Christian to come back to BiblePay for real-world use cases, on a frequent basis to the core wallet. The vision is to provide a place to view your cryptocurrency portfolio (IE UTXO stake positions that are foreign and native, and DWU performance), browse for new prayers, pray for others, maintain a salvation dashboard for your relatives, view Christian videos in our Media room, watch sermons, contact other Christians through the Tribulation map, Maintain a Healing diary (street healing), build a decentralized Christian friendly social media platform (similar to Facebook and Twitter and Youtube), use our Chrome plugin to make purchases, attend BBP University to learn more about the gospel for free, learn about foreign-religion apologetics, conduct business transactions for Christian camps, empower the Tribulation Saints, and much more. This dashboard is being designed to truly be recognized as a true tool in the toolbelt for Christians everywhere.
Daily Smart Contracts
Although we are bitcoin based, we have our own Generic Smart Contract that allows us to settle daily payments for Oracle based campaigns. Our sanctuaries act as Oracles for our project. In our case our primary campaign is to reward those that hold long crypto positions in foreign assets. These daily payments are smoothly delivered via our daily smart contract. Each sanctuary votes to settle the consensus of the contract.
Fractional Sanctuaries
For those who cannot afford to invest in a full sanctuary, you can still own a fractional sanctuary at: https://foundation.biblepay.org
Mobile Wallet
We have both the android and iPhone mobile wallet available.
Extremely advanced chain features - LLMQ (7 second transactions with instand send), Chainlocks, Deterministic Sanctuaries
Since we are based on the 2021 Dash branch, and we are committed to rebasing as necessary (meaning we will keep up with security commitments), our chain already includes LLMQ quorums (for 7 second instant send transactions) and chainlocks (this is being deployed as of July 2021). Deterministic Sanctuaries are sanctuaries that support proof-of-orphan-sponsorship and deterministic payments.
We are also the only coin that supports masternodes on windows. Most currencies require masternodes on linux with python support.
A very high-bar in the future vision
We set a very high bar for our future vision. Based on the recent complaints about companies being delisted from web hosts and freedoms being supressed, we are also committed to providing a decentralized backbone for file storage. We are not reinventing the wheel, as other partners can already store the data in a decentralized way (such as StorJ and FileCoin). However, we will be offering decentralized storage that Leverages other partner storage nodes (decentralized), but with BiblePays unique value-add: A CDN (content delivery network) to deliver the data to the user, and protection from illicit downloading in the header (download key based or sha-256 based header authentication). This will allow developers to build a decentralized product similar to twitter or facebook.
