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.
Note: You don't need to send your coins to someone else wallet.
Thanks to staking with SmartNodes mechanism, you contribute to the security and decentralisation of the Blockchain network.
The higher the percentage of staked assets in the network, the more difficult it is to attack it.
In case you need help in deploying SmartNodes We have detailed document on our
website.
Our team believes SmartNodes is better than POS as all transactions are verified by
miner yet you can stake your coins without locking them.
The idea is simple: a coin that helps people earning assets while mining and staking using the Binarium features.
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 FriendlyGhostRider algorithm is both CPU/GPU Minable but CPU's are more efficient for mining Binarium.
SmartnodesSmartnodes 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 InformationWe'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 February 20, 2024 Wallet:Windows: https://github.com/Binarium-coin-project/Binarium/releases/download/1.0.1/Binarium-win64-v.1.0.1.zipLinux: https://github.com/Binarium-coin-project/Binarium/releases/download/1.0.1/Binarium-linux-v.1.0.1.tar.gzLinksWebsite: February 22, 2024
Discord: discord.gg/Mnk5uby3
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