{"id":954,"date":"2022-03-05T14:17:04","date_gmt":"2022-03-05T14:17:04","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bluecoin-whitepaper\/"},"modified":"2022-03-05T14:17:05","modified_gmt":"2022-03-05T14:17:05","slug":"bluecoin-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bluecoin-whitepaper\/","title":{"rendered":"BlueCoin Whitepaper"},"content":{"rendered":"<div id=\"post-1223\">\n<div class=\"entry-content\" readability=\"61\">\n<p>Abstract<\/p>\n<p>1. Introduction<br \/>Bluecoin is a hybrid Proof-of-Work\/Proof-of-Stake-Velocity (PoW\/PoSV) cryptocurrency that has<br \/>been actively developed, used, and traded since 2014. Since the introduction of Bluecoin, there have<br \/>been important advancements in the field of cryptocurrency development. These advancements include<br \/>multisignature addresses to better add security to managing BlueCoins, cold-staking protocols to<br \/>protect tokens held in stake accounts, so-called \u201cLayer 2\u201d scaling solutions such as the Lightning<br \/>Network, and the introduction of novel extensibility techniques such as Segregated Witness.<br \/>In July 2016, Bluecoin core developers began working to upgrade the protocol to add better security for<br \/>end-users. After much deliberation, it was decided that the most secure way to perform the upgrade to<br \/>Bluecoin 2.0 was through a Proof-of-Burn upgrade to a new blockchain. Details of the Proof-of-Burn<br \/>upgrade procedure are described later in this paper.<\/p>\n<p>The new Bluecoin 2.0 client will be based on the Bitcoin Core 0.13.0 codebase, with several important<br \/>changes including the activation of Segregated Witness and the preservation of Bluecoin\u2019s PoW\/PoSV<br \/>hybrid consensus algorithm. This move to the Bitcoin Core codebase brings over two years of<br \/>advanced cryptocurrency research to Bluecoin, bringing the protocol and client up-to-date with the<br \/>state of the art developments in cryptocurrency and setting the stage for virtually unlimited transaction<br \/>scalability via sidechains and Layer 2 extensions. Other notable changes coming to Bluecoin 2.0<br \/>include the modification of the Bluecoin Proof-of-Work algorithm from Dark Gravity Well to<br \/>Auxiliary-Proof-of-Work (AuxPoW) using the Scrypt algorithm, the introduction of cold-staking to<br \/>protect coin balances while they are staking, a new inflation algorithm to better align the incentives for<br \/>AuxPoW miners and the user base, and finally off-line bluetooth transactions which will allow users to<br \/>make payments without having access to the Internet.<\/p>\n<p>The publishing of this paper and the corresponding code that implements the features described herein<br \/>marks the beginning of a new era for Bluecoin development. We consider Bluecoin to be an active<br \/>cryptoeconomic research project that tests proposed advancements in real-world adversarial game<br \/>theoretic conditions with real money on the line, and we look forward to learning from the results of<br \/>this experimentation. It is our hope that our research and findings will continue to influence the future<br \/>of cryptocurrency development and help usher in the next generation of peer-to-peer blockchain<br \/>advancements that will revolutionize stagnant industries and bring greater economic freedom to the<br \/>world.<\/p>\n<p> BlueCoin Website <br \/>BlueCoin Whitepaper <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract 1. IntroductionBluecoin is a hybrid Proof-of-Work\/Proof-of-Stake-Velocity (PoW\/PoSV) cryptocurrency that hasbeen actively developed, used, and traded since 2014. Since the introduction of Bluecoin, there havebeen important advancements in the field of cryptocurrency development. These advancements includemultisignature addresses to better add security to managing BlueCoins, cold-staking protocols toprotect tokens held in stake accounts, so-called \u201cLayer 2\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-954","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=954"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/954\/revisions"}],"predecessor-version":[{"id":955,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/954\/revisions\/955"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}