Binarium is our first major blockchain project. It is basically a fork of Raptoreum, which was a fork from Dash, which was a fork from Bitcoin.

Why did we chose this fork ? Because of it’s mining algorithm first of all due to it’s capabilities to reject ASIC which are very known to consume a lot of power.

Our team believes that POW is more fair way of coin distribution.
But you can stake your coins just by making an internal transactions within your wallet.

Each Mined block offers 5000 Binariums, from this

75% goes to the miner
20% goes to the smartnodes
5% goes to the developers to maintain the network.

The Binarium blockchain has already integrated private wallets where the balance can be hidden directly from the wallet.
The smartnodes are accessible directly from the wallet as well.

CPU Friendly

GhostRider algorithm is both CPU/GPU Minable but CPU's are more efficient for mining Binarium.

Smartnodes

Smartnodes are used to handle smart contracts, and provide 51% \ double spend protection. In addition this allows:

- Larger allowed contract size.
- Greater variety of programming languages can be used.
- Removes the scaling issues and large increase in gas tx fees.

More Information

We'll update this thread soon + all future core developments will be updated on this thread. Please join us on our discord channel for the latest news and updates.

Start of mining March 4, 2024

Wallet:

Windows: https://github.com/Binarium-ghost/Binarium/releases/download/1.0.1/Binarium-win64-v.1.0.1.zip
Linux: https://github.com/Binarium-ghost/Binarium/releases/download/1.0.1/Binarium-linux-v.1.0.1.tar.gz

Links

Website: March 7, 2024
Discord: discord.gg/Nol6ycy4
Twitter: twitter.com/Binarium

Summary In Case you Skipped Everything above this line Wink

Algorithm: GhostRider
Ticker: BNRM
Block Reward: 5000 Binarium
Total Coin Supply: 21 Billion
Founders Reward: Yes
Premine: No
ICO: No