Bismuth is a new blockchain protocol and a platform at the same time. It has an innovative approach to database scaling, introduces the concept of private contracts and limits the contract execution to users willing to participate, while keeping them publicly verifiable. It comes with a set of DAPPs out-of-the-box. Bismuth is not based on code of BTC or any of it’s derivates, it is only inspired by some ideas laid down by Satoshi Nakamoto (BitCoin), Sunny King (Peercoin), NXT and ETH developers. Bismuth does not draw any code from other repositories, instead it reformulates the cryptocurrency code in its own terms to be easily readable, compatible across all platforms, integrated into business solutions with utmost ease and most importantly open for development to wide public through it’s simplicity, while minimizing the security risk for custom code implementations. Bismuth is a decentralized transaction platform focused on modularity and open source approach. It comes with default decentralized applications and tools out of the box, not only to be used by everyone, but also to be hosted by anyone. These applications are supplied as interpretation engines, which prevents blockchain bloat. Inspired by Satoshi’s whitepaper, Bismuth also offers optional hyperblocks as a pruning mechanism, a system which greatly reduces disk space usage and increases execution speed.
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Proof of Work (PoW)
Delegated Proof of Stake (DPoS)