Bismuth (cryptocurrency protocol)
Bismuth is an open source proof-of-work cryptocurrency protocol.[1] and platform released on May 1, 2017[2]. It is the first platform of its kind written in Python[3]. Its technological achievements were represented at the 9th International Symposium on Ambient Intelligence.[4]
Introduction
The project was conceived as an effort to simplify developer onboarding and greater community engagement through selection of a more accessible high-level programming language instead of the Bitcoin codebase, which was prevalent at the time. Bismuth has custom transactional, consensual and network protocols, which were all developed particularly for it.
Protocols
It has a block time of 60 seconds, a consensus system based on the longest chain rule and a unique nonlinear feedback control mechanism[5] for difficulty retargeting in mining, which is an adaptation of control-oriented modelling from the area of robotics. There have been several articles released about Bismuth cryptocurrency, reviewing security improvements in tail removal block validation as a result of adaptive system introduction to the blockchain ecosystem. [6][7][8][9]
Bismuth allows its users to use multiple cryptographic schemes, signing and address formats to protect users from quantum attacks. This includes RSA and ECDSA (SECP256k1).
Plugin system
Bismuth incorporates a plugin system, which enables users to add and create their own plugins to use nodes as mediators between each other. Examples include decentralized storage[10]
Research
Bismuth has been cited in numerous scientific papers (see above) and also in a patent by IBM (See page 2 - Other Publications).[11][12]
References
- ↑ Episode 6 my favorite coins : Bismuth $BIS, retrieved 2022-03-22
- ↑ Sisyphe, Crypto (2019-05-18). "Revue de coin #5 — Bismuth, la blockchain "Lego"". Medium. Retrieved 2022-03-22.
- ↑ How To GPU Mine Bismuth. The Worlds First Python Crypto Currency!, retrieved 2022-03-22
- ↑ Pinheiro, Pedro; Santos, Ricardo; Barbosa, Ricardo (2019-01-01), Industry 4.0 Multi-agent System Based Knowledge Representation Through Blockchain, pp. 331–337, ISBN 978-3-030-01745-3, retrieved 2022-01-06
- ↑ Hovland, Geir; Kucera, Jan (2017-01-10). "Nonlinear Feedback Control and Stability Analysis of a Proof-of-Work Blockchain". Modeling, Identification and Control: A Norwegian Research Bulletin. 38 (4): 157–168. doi:10.4173/mic.2017.4.1.
- ↑ Liaskos, Sotirios; Wang, Bo; Alimohammadi, Nahid (May 2019). "Blockchain Networks as Adaptive Systems". 2019 IEEE/ACM 14th International Symposium on Software Engineering for Adaptive and Self-Managing Systems (SEAMS): 139–145. doi:10.1109/SEAMS.2019.00025. ISBN 978-1-7281-3368-3. Unknown parameter
|s2cid=ignored (help) - ↑ Leva, Alberto; Strada, Silvia; Tanelli, Mara (June 2019). "Control-oriented modelling of proof-of-work blockchains". 2019 18th European Control Conference (ECC): 2873–2878. doi:10.23919/ECC.2019.8795749. hdl:11311/1119055. ISBN 978-3-907144-00-8. Unknown parameter
|s2cid=ignored (help) - ↑ Bissias, George; Thibodeau, David; Levine, Brian N. (2019). Pérez-Solà, Cristina; Navarro-Arribas, Guillermo; Biryukov, Alex; Garcia-Alfaro, Joaquin, eds. "Bonded Mining: Difficulty Adjustment by Miner Commitment". Data Privacy Management, Cryptocurrencies and Blockchain Technology. Lecture Notes in Computer Science. Cham: Springer International Publishing. 11737: 372–390. arXiv:1907.00302. doi:10.1007/978-3-030-31500-9_24. ISBN 978-3-030-31500-9. Unknown parameter
|s2cid=ignored (help) - ↑ Zhou, Wei (2021-01-01). "Fuzzy rules based efficient event-driven simulation of blockchain-based applications". Journal of Intelligent & Fuzzy Systems. 40 (4): 8101–8107. doi:10.3233/JIFS-189633. ISSN 1064-1246. Unknown parameter
|s2cid=ignored (help) - ↑ How To Use The Bismuth Wallet, retrieved 2022-03-22
- ↑ "US Patent for Optimizing performance of a blockchain Patent (Patent # 10,880,073 issued December 29, 2020) - Justia Patents Search". patents.justia.com. Retrieved 2021-12-30.
- ↑ https://patentimages.storage.googleapis.com/8e/21/cb/25aaae13b0e165/US10880073.pdf [bare URL PDF]
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