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 contract execution to users willing to participate, while keeping them publicly verifiable through alternative mechanisms proposed by Nick Szabo. With Bismuth, you can choose from plethora of fully open sourced projects, use plugins to limitlessly extend scaling capacities and options through selective node behavior and custom layers. Sky is the limit.
Bismuth claims to be the first Python blockchain platform that facilitates full-scale digital utility. Virtually anything can be reportedly created on Bismuth’s modular platform, ranging from simple token issuance to decentralized application (dApp) services. The entire project was created in Python, and every virtual solution built atop the platform can be done in the same language. The Bismuth protocol describes itself as an open-source, unfunded project maintained by the Bismuth Foundation and a community of Python developers
Hyperblock technology allows transactions to be compressed regularly, reducing the size of the blockchain to the amount of accounts present in it. Currently it saves 96% of RAM usage and enables users to save as much drive space when their client is configured only for hyperblocks.
Data & Operations
Bismuth OpenField allows users to save their data into the blockchain, including private and public messages, communication with decentralized application interpreters, document fingerprinting for legal purposes, complex operations for shared-state contract execution.
Bismuth supports multiple cryptographic schemes, signing and address formats to protect users from quantum attacks. The mix includes RSA, SHA224, ECDSA (SECP256k1).
They fully support Tor’s onion network integration for completely concealed transaction routing. Stealth tokens are planned for the near future with completely fresh approach to encryption, opening new possibilities.
To keep transaction fees low, Bismuth introduces a programmable mempool solution, which allows to prioritize transactions based on their partially configurable properties. This prevents transaction delays.
Bismuth concept of operations abstracted from normal blocks, but stored outside of them, enables unlimited content including on-chain forking without disturbing the underlaying system.
An interface for optional node extensions enables Bismuth integration with anything imaginable, while kept independent of the blockchain performance limitations and while having access to its advantages. Offchain storage, messaging, new platforms.
Chameleon Pay Wallet
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Legacy Bismuth Wallet The original wallet for Bismuth. Surrounding ourselves with travel mementos allows us to keep inspired to the next adventure, and are also excellent conversation starters. But we all know it’s hard to to find creative and stylish items rather than the corny cliché products we see everywhere. You might have a few souvenirs just like that hidden and forgotten in the back of your closet. We and hundreds of thousands of travelers and aviation enthusiasts from all around the world also share this issue.
A Python/HTML Wallet based upon the Tornado framework. First stable release, still work ongoing, but useable and nice looking! Goal is to re-use the existing python code for behind the scene heavy lifting, but leverage HTML/JS flexibility for GUI.
Tips for securely storing your Bismuth
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
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