iBTC - Improved BTC
iBTC aims to be a more decentralized version of Bitcoin. This is accomplished using Satoshi's Missing Link - VBR Decentralization Algorithm. The Variable Block Reward (VBR) feature is the engine behind promoting more decentralization.
iBTC adds Variable Block Rewards (VBR), a linearly weighted moving average (LWMA) Difficulty Adjustment Algorithm (DAA) to the Bitcoin (BTC) codebase. Adding VBR increases mining decentralization and forms a natural 51% attack deterrent algorithm. Attackers trying to freeze the blockchain will fail due to the added LWMA3 DAA algorithm.
Website:
Explorer:
Twitter:
Discord:
Wechat:
Lct971101
MiningPool:
iBTC Core:
GUI:
MiningPool Stats
COIN SPECIFICATION
PoW algorithm: SHA256d
Max supply: 84 Million iBTC
Block reward: Variable Block Rewards
Block time: 10 minutes
Difficulty: Updates every block using LWMA
The VBR reward system has 7 levels:
VBR Multiplier: Block Reward prior to the first halving:
50 iBTC Standard BTC block reward
100 iBTC
200 iBTC
400 iBTC
800 iBTC
1600 iBTC
3200 iBTC MAX JACKPOT
The above table allows the VBR feature to form a more decentralized form of
Bitcoin by allowing miners to get greedy and try for the 3200 iBTC block reward.
The algorithm is a 51% attack deterrent since it pays miners with more hash power
considerably more than a low hash miner; thus no need to try and double spend.
