Difference between revisions of "Join BTCSQ Testnet"

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** https://github.com/VeriBlock/vbk-ri-btc
 
** https://github.com/VeriBlock/vbk-ri-btc
 
** https://github.com/VeriBlock/alt-integration-cpp
 
** https://github.com/VeriBlock/alt-integration-cpp
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== What is the benefit to own MainNet vBTC? ==
 
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vBTC will be launched as its own independent MainNet altchain, and all new blockchains which launch based on the vBTC codebase will be required (by the code license) to provide 10% of their total emissions to holders of vBTC at the time they launch (so if you own vBTC, you will also receive coins on any new blockchains based on vBTC). Additionally, the continual cycle of giving back to vBTC holders will encourage further vBTC development and bug fixes, which will benefit the entire ecosystem of PoP-secured Bitcoin-based blockchains.
 
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New altchains will be incentivized to fork from vBTC instead of BTC because vBTC provides all the Bitcoin functionality, and additionally:
 
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* Protection against 51% attacks using the full PoW security of Bitcoin
 
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* Lightweight Mining - anyone can PoP mine without expensive hardware
 
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* Eco-Friendly - reusing Bitcoin's mining power to secure the world's blockchains
 
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Summary: The more BTC-based altchains which adopt PoP (which new altchains are incentivized to do), the better for vBTC.
 
  
 
== FAQ ==
 
== FAQ ==

Revision as of 01:55, 10 September 2021

NEWS

Next Step: vBTC Incentivized TestNet starting on Mon, Sept 13, 2021 at 10am ET.

Get the testnet package here:

  • TODO (will be available at launch)


See official landing page: https://veriblock.org/labs/vbtc/

vBTC is reference implementation of the Bitcoin codebase secured to Bitcoin using VeriBlock® Proof-of-Proof® ("PoP®") in an entirely Decentralized, Trustless, Transparent, and Permissionless ("DTTP®") manner.

It will be going to MainNet after sufficient public testing, and provide a reference for any other Bitcoin-based altchains wanting to secure themselves against 51% attacks by inheriting security from Bitcoin.

There will be an Incentivized TestNet split into two phases: vBTC secured by VeriBlock TestNet, and vBTC secured by VeriBlock MainNet.

Roadmap

This is a tentative roadmap:

Vbtc gantt 0908.png

Notes:

  • Incentivized TestNet will be split into two phases:
    • PoP to VBK TestNet
    • PoP to VBK MainNet
  • There will be a new public website for vBTC, as its own stand-alone project.

See VeriBlock roadmap here: https://veriblock.org/roadmap/

Incentivized TestNet

Similar to VBK mining sunrise, the UTXO table of all balances from vBTC Incentivized TestNet will be reflected onto vBTC MainNet.

Whether an address gains coins from PoP mining, PoW mining, or receiving normal transactions - the end balance will be reflected.

Feedback

The primary reason for Incentived TestNet is to get feedback and widespread public testing.

If you encounter any issues, please report them on GitHub: https://github.com/VeriBlock/vbk-ri-btc/issues

There is also an active discussion on Discord: https://discord.gg/wJZEjry on the #vbtc-testing channel.

Useful links

FAQ

What are the blockchain economics?

As vBTC is a reference of BTC... the economics are very similar to BTC:

  • Block reward -> 5 vBTC
  • PoP / PoW percentage? -> 50% PoW / 50% PoP
  • Halving schedule -> 1,050,000 blocks (4 years)
  • Block time -> 2 minutes
  • What is the PoW algorithm -> Sha256T

Please note that these are subject to change with the launch of vBTC MainNet, however the vBTC mirroring is guaranteed to reflect the correct percentage of the total emissions (ex: if incentivized testnet runs for 1 month with a 4-year halving, then 1 month represents 1/96 of the total authorized emissions of the protocol, so regardless of final economics the reflected vBTC from the TestNet period would reflect at least 1/96th of the total authorized emissions).

What are the PoP Rounds and Keystone?

There are 4 rounds: 1,2,3,4, with 4 being the keystone (having a larger reward).

Note that VBK NodeCore has 20 rounds due to 30-second block times.

Where can I get tVBK for pop mining?

There will be tVBK faucets:

(more info will be provided)

Are there dev pools for mining vBTC?

Yes - there anyone can run a PoW pool. And updated list will be maintained on the wiki.

See: PoW_Pools_vBTC

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