Bitcoin Royale is a Bitcoin-based protocol focused on store of value and anti-theft.
Overview:We propose a set of modifications to the original Bitcoin protocol aimed to provide an ultimate electronic store of value - a better form of gold. By increasing Bitcoins effective transaction confirmation time of 10 minutes to 24 hours, we are able to tackle Bitcoins greatest flaw as a form of gold - susceptibility to theft. A system geared less towards paying for coffee and more towards holding ones life savings with complete peace of mind, where every transaction is alerted on-chain for 144 blocks and can be canceled on emergency with a recovery key that was never used prior and hence invulnerable. The bootstrap of this system is not via hard fork but through a fairer mechanism of expedited mining, allowing the system to catch up to Bitcoin in a short period of time.
White paper:https://bitcoinroyale.org/bitcoinroyale.pdfGitHub project:https://github.com/bitcoinroyaleCoin metrics:- Coin name: BTCR (Bitcoin Royale)
- Premine: none
- ICO: none
- Total number of coins: 21,000,000 BTCR (like Bitcoin)
- Initial block reward: 175 BTCR (full schedule)
- Average block time: 10 minutes (like Bitcoin)
- Algorithm: SHA256 PoW (like Bitcoin)
Getting involved:Thanks,
Ian