- 10% of mined coins go to Charity
- Sponsors 100+ Orphans monthly across 4 Charities
- CPU Mining Only (GPU & ASIC Resistant)
- Unique BibleHash Algorithm [Chains King James Bible Verses]
- No Premine, No ICO
- Sanctuary (Masternode) Governance & Monthly Budget
- Ranked #174 for Code Commits
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Website: http://biblepay.org/
Bitcointalk: https://bitcointalk.org/index.php?topic=2388064.0
Market Cap: ~$1-2 million
CoinMarketCap: https://coinmarketcap.com/currencies/biblepay/
Masternodes.Online: https://masternodes.online/currencies/BBP/
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Block Reward Breakdown:
20% Monthly Budget
- 10% Charity
- 5% IT (Software Development)
- 2.5% PR (Public Relations)
- 2.5% P2P (Orphan Letter Writing, Preach/Priest)
30% Generic Smart Contracts (GSC)
25.0% Proof-Of-Bible-Hash (POBH, Proof of Work, Heat Mining)
25.0% Masternode (Sanctuary)
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What is Masternode Governance?
How does the Budget work?
What is a DAO (Decentralized Autonomous Organization)?
Understanding the Governance and Budget System
DAO, Treasury, & Governance: Blockchain Q&A
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BiblePay works a little differently from other cryptocurrencies because it has a two-tier network. The second tier is powered by sanctuaries (masternodes), which enable financial privacy (PrivateSend), instant transactions (InstantSend), and the decentralized governance and budget system.
Governance in a decentralized project is difficult, because by definition there are no central authorities to make decisions for the project. In BiblePay, such decisions are made by the network, that is, by the owners of sanctuaries (masternodes). The system provides a means for BiblePay to fund its own development. While other projects have to depend on donations or premined endowments, BiblePay uses 10% of the block reward to fund its own development (and 10% for Charity). Anybody can make a budget proposal to the network.
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Proposal Discussions: http://forum.biblepay.org/index.php?board=5.0
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BiblePay also rewards users for Writing Orphan Letters,
Reading, Listening and Watching Gospel Links,
and Learning more about Christianity
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CPU Mining:
Since BiblePay is CPU ONLY, anyone can mine it!
(The algorithms even perform well on low end machines)
Most of the reward for CPU mining is for CPU science research
Mining Guides: Windows and Linux
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Join, Subscribe and Follow!:
Reddit: https://www.reddit.com/r/BiblePay/
Twitter: https://twitter.com/BiblePay
Discord: https://discordapp.com/invite/yWgbKdM
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"Love one another, be a good Samaritan,
help those in distress, and spread the gospel"