Read

Edit

History

Notify

Share

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].

Team


Robert Andrews – Founder

Javier Ortiz - SR Mobile Developer

Togo Shigekata - Director Public relations[1]

See something wrong? Report to us.

BiblePay

Feedback

Average Rating

No ratings yet, be the first to rate!

How was your experience?

Give this wiki a quick rating to let us know!

Twitter Timeline

Loading...

Loading

Media

REFERENCES

Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the IQ.wiki site!

Join Now

Subscribe to our newsletter

Never miss any of the most popular and trending articles on IQ.wiki when you sign up to our email newsletter.

Subscribe

IQ.wiki

IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund group

https://twitter.com/IQWIKIhttps://www.reddit.com/r/Everipedia/https://t.me/everipediahttps://www.instagram.com/iqwiki_/https://github.com/EveripediaNetworkhttps://discord.gg/x9EWvTcPXthttps://web.facebook.com/everipedia?_rdc=1&_rdr

IQ

What's IQ?StakingBonds

Company

About usCareersBrandingIQ GPTIQ Dashboard

© 2024 IQ.wiki Powered ByBrainDAO& IQ