- Sep 27, 2019
- 3
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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 without any centralization organization.
BIUT Public chain technical feature:
Two chains structure, Two coins economic model, JavaScript, unique Autonomous system, Node communities, Modular design, Polling mechanism, TrustRank algorithm, PGPOW consensus mechanism(Combination of POW and POS consensus algorithm).
PC-Miner Mining feature:
CPU mining with Combination of POW and POS consensus algorithm，anyone can join PC-Miner to become BIUT Miner with a general PC.
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
BIUT Public chain technical feature:
Two chains structure, Two coins economic model, JavaScript, unique Autonomous system, Node communities, Modular design, Polling mechanism, TrustRank algorithm, PGPOW consensus mechanism(Combination of POW and POS consensus algorithm).
PC-Miner Mining feature:
CPU mining with Combination of POW and POS consensus algorithm，anyone can join PC-Miner to become BIUT Miner with a general PC.
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
