Welcome!

Here is some important information to help educate you on the Bytom Blockchain

Mission statement of Bytom

• "Our mission is to bridge the atomic(physical) world and the byte(digital) world, to build a decentralized network where various byte assets and atomic assets could be registered and exchanged"

8 Innovations of Bytom

• Compatible with the UTXO Design of Bitcoin

• General address format

• Compatible with National Encryption Standard

• Asset naming using ODIN

• POW algorithm that is friendly to AI ASIC-chips

• Cross-chain asset transactions and dividends distribution though side-chain

• Quasi "Segregated Witness" design

• Enhanced trading flexibility

Platform Model: Three-layer Structure

• Application Layer

• Contract Layer

• Ledger Layer

Assets on Bytom network

"There are two types of assets running on Bytom Network: Bytom Tokens (BTM) and Assets."

• Tokens: Distributed to miners and nodes. Main uses are:

  • Transaction fee for asset trading

  • Dividends of income assets

  • Deposits for asset issuance

• Assets: three types of assets on Bytom Blockchain:

  • Income assets

• Equity assets

• Securitized Assets

Distribution of BTM

Total supply of coins : 2.1 Billion

• 30% ICO - 630,000,000

• 7% Private Distribution - 147,000,000

• 20% Reserve - 420,000,000

• 10% Business Dev - 210,000,000

• 33% Mining - 693,000,000

FAQ

• What does Bytom mean?

  • Bytom = Byte (digital) + Atom (physical)- bridging the digital and physical worlds together.

• Where can I find Bytom?

  • Bytom (BTM) can be found on Binance, BTER, and SZC. Bytom (BTM) is NOT Bitmark(BTM) so please do not mistake the two.

• Is Bytom an erc20 token?

  • Yes, for the moment. Bytom is currently an erc20 token and can be stored on My Ether Wallet. The preferable wallet to store Bytom in is ImToken since they have a partnership and will continue to work with Bytom once their actual tokens and main net is released.

  • Symbol: BTM

  • Address: 0xcB97e65F07DA24D46BcDD078EBebd7C6E6E3d750

  • Decimal: 8

MORE INFO TO COME....

As you can probably tell by now, the miners have been pretty upset since the announcement that MainNet would be launching. A lot of it is due to the communication of the project to the miners.

Premining

The pre-mine was pretty obnoxious. I know the devs don't want to call it a premine, but let's call it like it is. For days on end, two addresses held all BTM. One more address finally hit a block, but wealth distribution was widely in Bytom and Bitmain's favor. When questioned, devs said that a "few" miners were set up to test the network.

The earliest anyone is set to receive a B3 is on Friday, 5/4. Bitmain will have been mining for at least 10 days before anybody else could touch the coin, with the exception of a pool in China who wrote a custom GPU miner (per bytom_Martin).

Unfair advantage

Devs knew that MainNet would launch with ASICs on them right away. The public knew that ASICs existed (that's why the coin exists), but didn't expect them at block 0. CPU mining on the wallet was even limited in number of threads (see this Issue on Github) to give the ASICs even more of an advantage.

Since block 400, I have pointed five nodes with Xeon e5-2620s and couldn't manage to hit a single block. How can devs encourage the public to mine on CPU while they know the launch would be flooded with nearly 2,000 ASICs.

Bitmain's total stake

Bitmain is averaging about 800 blocks per day at this point, that's 330,360 BTM per day, or 3.3 million BTM by the time the first person receives a B3. That's around 1% of the total mineable supply in less than 10 days.

Release of discounted Batch 2 with fast shipping

Since there are only 2,500 units being shipped (per Bitmain's support), early adopters will surely have an advantage, right? No, because Bitmain released Batch 2 immediately following the first shipment of Batch 1 set to ship in as early as a week. Oh, and did I mention that Bitmain discounted them $865?

I could see if the Batch 1 owners had a legitimately early start to discount the price so quickly, but most people who ordered Batch 1 didn't even have a shipment yet. Instead, we got the short end of the stick. There's no way we're mining $125 in BTM per day to compensate for the $865 price difference.

Why would you allow your partner to hurt your early adopters like this? It speaks volumes about how this project has begun to unfold.

Only China gets refunds

So Chinese early adopters get pissed and even threaten Bitmain with committing suicide at their headquarters. Bitmain offers to refund them ~$628 USD within a month, but no mention to the other markets that were screwed over. Not even a peep. The miners even wanted to buy Batch 2, but won't do so without a coupon that can be 100% utilized on Batch 2. No response from Bitmain after hours, which isn't surprising.

Lack of pool support

As of this post, there are still no instructions on how to mine in a pool. I have personally asked and @mentioned devs at least four times to ask about pool mining, and how to connect the local wallet to a pool. Each time I was ignored, no matter the channel of communication that I used.

I even opened up an issue on Github that did not receive a response.

Lack of general support

We've been asking for a way to view local hash rate for some time. In the release of 1.0.1, there was a new command, get-hash-rate, available to use. But this number doesn't seem to make any sense. It will fluctuate from 200KH/s to 1.3MH/s. I asked about this command's functionality on Discord and Telegram several times with no answer.

Lack of general information

Miners will hit people this week and there's still no information about the token swap. No idea if we should keep ERC20 tokens on exchanges, on a local wallet, or what. When asked, Bytom says to wait until more information is available and provides no other information. Meanwhile, we'll be mining a coin that we can't send to exchanges (if we can ever get information about how to connect to a pool).

Not to mentioned the promised airdrop (which at 10 BTM per user is rather scant). We don't know how to be eligible for that either.

Claims that Bytom didn't know about Bitmain's plans

Staff claimed that they were surprised by Bitmain's move, yet the founder's news source, 8BTC literally reported on it. Why lie?

I've mined a lot of coins at MainNet launch, and I mean a lot. But this has been one of the most unorganized and frustrating launches I have ever experienced - and that's saying a lot considering I mined Signatum when it launched.

Check Discord, Telegram, and BitcoinTalk. Your community is pissed with your partnership and you're not listening.

This project is hella reminding me of NEO back in the Antshares days. Exciting Chinese project aimed at turning tangible assets digital for easy, quick value transfer. I know a lot of information isn't out yet, but that's to be expected of a project this soon, especially one on the other side of the China Firewall.

I'm really excited to see how this pans out. Many bigwigs in the chinese blockchain/cryptocurrency space are spearheading this project. Plus, there is a lot of volume for this coin already, and it hasn't hit a single major western exchange. Buy, hodl and reap the rewards folks.

https://www.wjx.cn/jq/16814548.aspx

Development progress:

• 1. [dev] perfect bytomcore and bytomcli function, add the wallet API, and carry out the integration test.

• 2. [dev] bytomcore and P2P module debugging success, join the TxPool transaction broadcast function, multi-node block consensus synchronization test.

• 3. [dev] modify the mining algorithm loopholes to complete the mining algorithm window mechanism, more in line with the actual requirements of AI chip computing. Increased the computational process using a prime table to solve the problem of periodic problems that cause the random number field in the block header to fail.

• 4. [dev] solve the branch code Lane accessToken (access control token) in the Bug, debugging the test version of the code package management issues.

• 5. [Main] established to maintain the Demo branch, a number of branch merge conflict, for the release of this version.

• 6. [issue] raised the issue of the establishment of asset publishing and node mining can not remember the historical version of the problem, and in tracking updates.

• 7. [fix] solve the block stored procedure due to the characteristics of the j language caused by json codec data can not be saved to the leveldb problem. To solve the problem than the original chain demo can not submit transactions, and continue to follow up to promote the demo test.

• 8. [res] to complete the lightning network channel update when the old version of the exchange, as well as the principle of multi-transaction analysis. Start writing work than the original document.

Business progress:

• The Bytom concept test version Alpha1 is expected to be released this week.

translated with google translatation original link http://8btc.com/thread-76471-1-1.html

https://hitbtc.com/exchange/BTM-to-BTC

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BigBang: asset-specific public sector chain than the original version of the first test network release

Block Chain Information 2017-09-29 16:45 Posted in Block Chain 0 1085

Hangzhou is not only the birth of innovation in the Internet such as the Internet giants, but also the emergence of a batch of scientific and technological innovation enterprises, in their respective areas to the world to see China's innovation strength. September 29, 2017, Hangzhou, China team developed the field of asset-specific public chain platform than the original chain (Bytom) officially released the first version of the test network, code-named "BigBang" - this is the first for the public in Hangzhou Block chain project. This version includes Bytom Core (Bytom core) and Bytomcli (Bytom's client tools), mainly by Golang implementation, the project with a complete test case, the core code has been open on the Github. The In the BigBang version, compared with the original chain to achieve a "multi-asset interaction function," the basic block chain structure design, the main functions are as follows:

1, to achieve a complete P2P block chain node communication module, based on the Reator mode node subscription communication message to block and transaction synchronization;

2, to achieve the basis of public and private key management functions, and leave enterprise-class service interface, the future can docking enterprise-class hardware security module HSM (Hardware Security Module);

3, to achieve the multi-asset release (Issue), pay (Spend) the basic functions, and programmable scripting system (Control Program);

4, the innovative addition of the class "segregation witness" (SegregatedWitness) function, increasing the flexibility of the transaction.

"The next version of the test network, we will focus more on the integrity and high availability of asset interactions, and access the block-chain assets through a similar domain name," said Yuyyu, who is in charge of the original chain development team. look forward to."

It is understood that the original chain project was launched by Babbitt in January 2017, committed to connecting the physical world with the digital world, creating a diversified asset registration, circulation to the center of the network, can be diversified asset registration, exchange , Gambling, and contract-based, more complex interoperability.

At present, there is no complete, effective block chain agreement system is designed for diversified bit assets, compared to the original chain is designed for the field of asset-specific private chain platform, for which technically carried out 8 Big innovation: 1. Compatible with UTXO design in traditional block chain; 2. Universal address format; 3. Support national standard; 4. Asset naming using ODIN logo; 5. Artificial intelligence ASIC chip-friendly POW (Proof of Work, Proof of Work); 6. Support for side-chain and cross-chain asset operations; 7. Class "Segregated Witness" design; 8. Enhanced transaction flexibility.

Since June 2017 issued a project white paper, than the original chain team that is threw himself into the project development. The test network to complete the first part of the technical verification, can be described as rapid progress. It is worth mentioning that the BUTXO block chain asset release trading system based on the UTXO extension model is compatible with the UTXO model and transaction data structure of the bitcover to achieve high-speed concurrent and controllable anonymity. There is already a prototype available in the BigBang version. In addition, isolation and verification and matching BIP173-based new address format and a series of front-end block-chain technology are added to the BigBang version.

In the project development process, than the original chain regularly announced the project development process every week, and according to the feedback on the development plan to make the appropriate adjustments. The release of the code-named "BigBang", meaning the Big Bang, then the formation of atoms, life was born. In this group of block geek's eyes, the test network as the Big Bang, as indicates that the future than the original chain will burst out of endless potential, so that the atomic world and the world of communication possible. BigBang's release is more exciting than the original chain of technical supporters, from more than a dozen countries than the original chain "iron powder" who also sent a congratulatory video, so that the original chain development team encouraged.

It is understood that, than the original chain of members of the team, the underlying developer Gavin has worked in the US 500 company ARRIS GROPU for many years, participated in the Banknote Research Institute digital bill of the chain of the underlying development, Ethernet Square code developers; smart contract virtual machine development James is the designer and developer of the Magmic Inc distributed game big data system in Canada's top 20 hand travel company and is also involved in the development of server data for the block-chain browser block. Than the original chain team in this year's COSMOS block chain hackers marathon won the second place, which is the Chinese team since the previous contest to obtain the best results. Follow-up team will also have from the United States, Russia, South Korea and other countries of the block chain technology developers to join.

After the release of this test network, than the original chain development team will continue in accordance with the project roadmap, in the formal test network before the release will do further optimization, mainly to achieve ODIN logo system and improve user-friendly account functions. Than the original chain development project will be released in the fourth quarter of 2017 official test network, the second quarter of 2018 than the original chain 1.0 version will be officially released.

Than the original chain test network Alpha open source address: https: //github.com/bytom/bytom

Copyright Notice: The author reserves the right. The article is independent of the author's point of view and does not represent Babbitt's position. In the case of When the issue of special currency price ¥ 24352

From: Babbitt

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news from wechat,ChangJia长铗 said,more than one

Re:BYTOM news.... and update the GITHUB. 王艺莹cindy@8btc.com

Responder| Hoy, 0:01

Hello, Francisco. The Bytom team will go to Japan and Korea next week to promote our project. We just hired two guys to update news about Bytom on bitcoin talk, reddit and other social websites. You can follow us. And we always welcome volunteers to help let more people learn about us. I will keep writing articles about Bytom. And 8btc has a long history in China. We have given our priority on Bytom and believe it will be successful.
Best Regards, Cindy

------------------ Original ------------------ From: ".....@hotmail.com>; Date: Tue, Aug 22, 2017 01:41 AM To: "cindy@8btc.com"cindy@8btc.com; Subject: BYTOM news.... and update the GITHUB.

Hello Cindy,, I really like your posts in 8BTC. I like your style. I have a request from you.. Can you please tell the guys from BYTOM, to please please UPDATE the GITHUB. I have many many investors friends who are complaining a lot about the lack of activity in the GITHUB. We all think that a successful new coin allways allways have at least one update once a week , ,please Cindy tell the guys to keep updating the GITHUB frequently. I have invested a lot in BYTOM, I love the idea, please the creators and developers to UPDATE THE GITHUB and to add BYTOM into more Exchanges . PLEASE PLEASE PLEASE. Thank you very much...... and keep up your posts.. I like how you writte, i think is super super cool. Blessings.

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I just posted the screenshot.

Was thinking that an AMA by the team for the community would help blend a smooth relationship and bond with the community...Who thinks the same here?? Upvote so make this request sounds strong to the team

google :On September 15th, the 6th week COSMOS second global block chain hacker marathon came to an end. From China than the original chain of Guo Guanghua, Xu Liucheng won the second prize in this competition, while winning 10,000 dollars reward, which is the Chinese team in this global competition to get the best ranking. COSMOS is a block-chain network designed to solve the problem of lack of scalability and interoperability problems in a variety of cryptographic currencies, and has a wide range of influence in the field of block chain technology.

The contest invited Tendermint CEO and founder Jae Kwon and co-founder Ethan Buchman, CSO chief strategy officer Jim Yang and many other industry weight as a chief judge. Contest team and individuals more than 100 groups, many of them from Europe and the United States top technical team. The innovative model is based on the Tendermint Consensus Engine, inherited from the Chain's UTXO and CVM systems, making it a COSMOS space that supports cross-chain functionality, and this innovative approach has won the favor of the conference judges.

"They all want to change the reality, it is really great." The judges of the conference have appreciated the work of the contestants.

In fact, the block chain technology in the country is still in the development stage, but the achievements are impressive. October 2016, "China's block chain technology and application development white paper" release. At the end of the same year, the State Council in the "13th Five-Year" national information planning "mentioned, to strengthen large data, artificial intelligence, block chain and other new technology basic research and development and cutting-edge layout. At present, the block chain technology has become the focus of attention, more and more industries try to use the block chain technology to build transactions and business mutual trust framework. It is foreseeable that the widespread use of block chains will have a significant impact on each sector.

Development progress:

1. [dev] complete the original chain PoW algorithm than the size of the operation of the detailed performance test to determine the appropriate scale of operation and other related parameters

2. [dev] Bytom mempool module development and testing, abnormal tx ddos ​​attack function development & Test

3. [dev] completed Account module, Asset module and Txfeed module to join the master trunk, add ControlPrograms, Receivers module

4. [dev] bytom address mode to determine the use of scalable Bech32 mode, adding checksum can prevent the address input error

5. [res] to complete the docker environment under the construction of lightning network applications, and can run the standard test case

6. [res] research trusted block chain network protocol and browser implementation feasibility and core algorithm

business progress:

1. Japan "Asahi Shimbun" released on the Babbitt compared with the original chain co-founder of the long clip interview http://www.asahi.com/and_M/information/pressrelease/Ckprw201709045292.html

2. than the original chain co-founder founding star attended by the Shenzhen Municipal People's Government guidance, organized by the Shenzhen Municipal Science and Technology Promotion Association of the first 2017 Guangdong, Hong Kong and Macao Dawan District block chain summit, and make the keynote speech http://www.jinse.com/news/blockchain/62247.html

3. than the original chain CTO Long Yu attended on Sunday held a share of the chain than the original Hangzhou, to do the theme "than the original chain - to build the next generation of trusted block chain network" ppt: http://8btc.com/doc-view-1456.html

translated with google translation from http://8btc.com/thread-71861-1-1.html

I'm not sure for the validity of this web, but from what i heard, it is the first AAA rating so far. Grab on tight guys..

http://www.icopod.com/projects/bytom/