Bitconch

Bitconch benefits from an innovative Proof of Reputation (PoR) consensus algorithm. Bitconch help developers to attract and share their perspective users. Developers can deploy their DApp or a Node on Bitconch blockchain. More users, higher Bit-R value, and better reward. Developers who need attract users will benefit from Bit-R system, since the Bit-R system encourage users to use applications as many as possible. BitConch supports high frequency small transaction and meets the development demand of various applications, such as game, instant messaging, live broadcast, video, e-commerce, IOT, self-media, distributed commerce, crowdsourcing, etc.

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What is Bitconch

Bitconch is a 100,000+ TPS high-speed public chain and compatible with Ethereum Smart Contracts. On October 3, 2018, the MVP test results were released to the world. In the distributed node public network environment of five different countries, the peak speed reached up to 120,000 TPS, which is the fastest blockchain under the same operating conditions at present.

In terms of performance, Bitconch proposed an innovative PoR (Proof of Reputation) consensus algorithm, which uses bitconch reputation (Bit-R) value to select the integrity node to effectively anti-centralization, and improves the consensus efficiency through PBFT. The innovative BLAZE technology promotes parallel processing efficiency, and achieves multi-node collaboration through sharding technology. It is the fastest basic public chain under the same conditions known worldwide.

In terms of security, the POR consensus algorithm and the Bit-R reputation system make the system have good fault tolerance, anti double-spending attack and anti sybil attack. In order to effectively combat centralization and prevent a few nodes from cooperating with each other, the Bitconch will allow more high-level users to participate and gain system benefits by expanding candidate pools, increasing the cost of doing evil, and unifying the reputation.

Bit-R reputation system is another important innovation of Bitconch. It represents the credibility, contribution and activity of users in the blockchain world. It consists of three dimensions: user behavior, time (coin age) and computing power contribution. Bit-R can provide developers with accurate user behavior images while satisfying user privacy protection. At the same time, it also provides executive standards for developers to launch lightning networks (high-frequency offline transactions). Bit-R reputation is important in user incentives, node incentives, community governance, and ecological sustainability.

In addition to the various development tools based on the Bit-R reputation value described above, the Bitconch is also compatible with Ethereum's Solidity, Golang and other multi-language smart contracts.

In terms of ecological construction, Bitconch built a traffic interaction platform through economic models. Developers and community leaders with a large number of customers will become trusted nodes of consensus and receive system rewards by contributing traffic. Developers without initial traffic can get more user trial opportunities with great products, because users have the motivation and enthusiasm to try various DAPP applications in order to increase social activity. Therefore, Bitconch is centered on Bit-R credit incentives, forming a synergy between developers, communities, and users, enabling Bitconch Ecology to achieve sustainable development in the future.