Key Points

No Financial Advice: Users are strongly discouraged from making any financial decisions based on this project's outcomes.
Educational Experiment: This project explores hypothetical scenarios and alternative parameters, aiming to spark educational discussions.

Important

Not for Real-world Use: Bitcoins is not designed for any practical use or financial transactions.

Blockchain Specifications

Source Branch: 25.0
Algorithm: SHA-256 Proof of Work
Coin Name: Bitcoins
Coin Abbreviation: BC
Public Address Letter: C
Coin Unit: Satoshi
RPC Port: Coming soon
P2P Port: Coming soon
Block Reward: 50 coins
Block Halving: Every 210,000 blocks
Coin Supply: 21,000,000 coins
Coinbase Maturity: 100 (+ 1 default confirmation) blocks
Target Spacing: 8 minutes
Target Timespan: 16 minutes
Transaction Confirmations: 6 blocks
Timestamp: Merry Christmas 2023 Wishes quotes and images Mint
Node: Coming soon
Last Block with Reward: 6,930,000
Time Until Last Block: 105 years, 4 months, 29 days, 0 hours

Project URLs
Website: Bitcoinsglobal.com

GitHub Repository: GitHub - bLeYeNk/Bitcoins

Parameters of Bitcoins

Faster Block Confirmations

With a target spacing reduced to 8 minutes from Bitcoin's current 10-minute target spacing, blocks will be mined more frequently. This adjustment could significantly expedite transaction confirmations.

Shorter Target Timespan

A target timespan of 16 minutes ensures a quicker completion of a set number of blocks. This change enhances the blockchain's responsiveness to network changes and enables faster adaptation to variations in hash rate.

Network Stability and Security

Modifying fundamental parameters may impact the stability and security of the network. Rapid changes could introduce vulnerabilities or affect the network's resilience against potential attacks.

Economic Considerations

Altered parameters have the potential to influence economic incentives for miners.

Technical Specifications

Target Spacing: 16 minutes
Target Timespan: Approximately 22,160 minutes (1,385 blocks at 16 minutes each)
Faster Transaction Confirmations: Achieved with an 8-minute block time
Enhanced Security: Increased confirmations required (10 confirmations) for heightened security
Responsive Difficulty Adjustment: Maintains a 22,160-minute target timespan with an adaptive algorithm
Economic Sustainability: Balanced incentives for miners and controlled issuance through halving mechanisms
Community Governance: Embraces decentralized governance mechanisms for active community participation
Scalability and Accessibility: Shorter block time and responsive difficulty adjustment contribute to enhanced scalability and user accessibility

Security Enhancements

Fixed Code Words Vulnerability

Fixed issues related to backdoor seed phrases that had the potential to expose Bitcoin wallets containing 12-word seed phrases and private keys.

Removed issue with recovery phrase words in recent Bitcoin Core updates 2014-2023.

Master Key Phrases Removal

Eliminated master key seed phrases associated with Bitcoin for enhanced security in Bitcoins.

Network Upgrades

Stability and Security
Updated network parameters to ensure improved stability and security.

Transaction Optimization
Achieved faster transaction times for enhanced efficiency.

Target Spacing Upgrade
Improved target spacing for better overall system performance.

Reduced Block Time
Implemented a shorter block time for increased responsiveness.

Miner Incentives
Introduced incentives to encourage and reward miners for their contributions to the network.

Getting Started
Follow these instructions to get the project up and running.

Download Linux, Mac, or Windows wallet. Generate an address and send to satoshi@vistomail.com or visit bitcoinsglobal.com when the Faucet is deployed.

Thank you for taking the time to read through my project and I hope to see your generated wallet!