BiblePay

BiblePay (ticker symbol: BBP) is a decentralized autonomous christian cryptocurrency that gives 10% to orphan-charity (with Sanctuary governance)^[1]^[2].

Overview

BiblePay (BBP) serves both as a decentralized autonomous charity, and as an investment. It combines many of the features of other cryptocurrencies such as Dash and Bitcoin with unique community-building features and a revolutionary approach to avoiding the irresponsible waste associated with typical heat mining. So much more than simple wealth generation, BBP endeavors to create a better world and show God's love to others via revolutionary technology^[3].

BiblePay utilizes a new proof-of-work algorithm based on the King James Bible, called Proof-Of-Bible-Hash (POBH). It is unique in that every miner has the entire KJV Bible integrated, making it virtually impossible to port to GPU or ASIC mining, another key aspect of mining is Proof-of-Distributed-Computing (PODC), which is a greener alternative to traditional POW and is the primary consensus algorithm. BiblePay has built-in features that enable it to be self-funding and self-governing, based on the Dash masternode strategy, and had no ICO or pre-mine. Full accountability is built into the wallet itself – and 10% of every block can be seen to go to highly-efficient charities supported by the community.

BiblePay goal is to provide a hedge against hyperinflation, while helping orphans and making mining accessible to everyone at the same time. It also desires to reduce heat generation by using the Bible Hashing Algorithm in place of proof-of-work , and to make heat generation more effective and positive via significant community contributions in Proof-Of-Distributed-Computing.

BiblePay is not a token, but a clear cryptocurrency. While the coin itself has many of the same properties as other cryptocurrencies, and is intended to be utilized for payments and exchange.

The BiblePay network is self-regulated by a series of masternodes known as Sanctuaries. These masternodes enable the PrivateSend and InstantSend capabilities, as well as serve as a Decentralized autonomous organization (DAO), collectively. They vote on proposals and on distribution requests, and with the high-stake requirement, help to ensure the security of the overall network^[4].