Post
Topic
Board Announcements (Altcoins)
Topic OP
Bitcoin Royale - Bitcoin based protocol focused on store of value and anti-theft
by
idfleming
on 27/08/2019, 22:39:04 UTC
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 Bitcoin’s effective transaction confirmation time of 10 minutes to 24 hours, we are able to tackle Bitcoin’s greatest flaw as a form of gold - susceptibility to theft. A system geared less towards paying for coffee and more towards holding one’s 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.pdf

GitHub project:
https://github.com/bitcoinroyale

Coin 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