Original Post : https://bitcointalk.org/index.php?topic=1370307.0
Quote from: Limx Dev on February 19, 2016, 03:30:29 PM
◢◤ Your Digital Network - our premise
We want a digital currency which is useful, attractive and easy to use. A currency adapted to
the social needs of consumers, who want simple, mobile, fast and secure payments.
BitSend is a long term project. It is private digital currency for every generation. The POW period is going to last 33 Years (BitSend does not have block subsidy halving). The primary target of the coin is to ensure a fair distribution for its users, combined with a plethora of important features. This means that in 10, 20 years you will still be able t mine BSD at the same rate as today.
10 MB Blockchain
We have chosen a medium block size in order to ensure a high potential transaction capacity. In return, this enables consumers to transact at a very low fee.
Xevan Hash Algorithm
The Xevan Hash Algorithm is an unique combination from the dual X17 Difficulty Algorithm with an extension to 128 bits. It is our objective to have an algorithm that works for both CPU and GPU mining.
DK3 Difficulty Algorithm
The DK3 Difficulty Algorithm was developed by the BitSend Team and combines the benefits of the "Kimoto Gravity Well 3" and parts of the retarget function of Bitcoin. After then exist a second filter with the attribution and deduction of the penultimate block. After 6 hours have passed without a new block, the BitSend Diffbreak kicks in and it is possible to create a block with the minimum difficulty. This also enables the creation of private chains from to the BitSend Mainchain.
Masternodes are full nodes, just like in the Bitcoin network, except that they provide a level of service to the network and required collateral to participate. Collateral is never forfeit and is safe while the Masternode is operating. This allows investors to provide a service to the network, earn interest on their investment and reduce the volatility of the currency. In order to run a masternode, you're required to have 25 000 BSD and a static IP address.
Due to the nature of the Masternode rewards, the amount that you are going to receive is dependent on the total count of active Masternodes.
DarkSend is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the BitSend network.
Obfuscation is achieved by using network nodes in order to break up and reroute the flow of money in a way that is hard to track down. Further obfuscation takes place by using similarly sized pools of money which makes it difficult to pin-down identical amounts to a certain transaction especially when multiple transactions are occurring simultaneously, all with the same amount of money. Multiple rounds of mixing are employed so that tracking payments becomes exceedingly difficult as the number of mixing rounds increases.
This process requires more time than normal transparent transactions as time is needed to accommodate the pooling of multiple transactions. To solve this issue, the ability to pre-mix coins has been implemented so that one can use "anonymized" coins right away.
InstantX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. InstantX supposedly solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.
Bitsend is integrated with https://coinpayments.net ! You can easily start your own store or add to an existing store the option to accept Bitsend as payment.
Slack - Telegram - Forum - Website
Invitation link: https://bitsend.herokuapp.com/
The channels have a bot for tracking the price and the latest news. You are welcome!
BitSend Forum: http://forum.bitsend.info
◢◤ Your Digital Network - Downloads
Source code: https://github.com/LIMXTEC/BitSend
10 MB Block size
DK3 Difficulty Algorithm
250 KB transaction size
Blockreward 25 BSD
Transaction confirmations: 6
Total coins: 210 Million
Block time: 180 seconds
Saldigi Crypto Info
MyBitSend Paper Wallet Generator
Signature & Avatar Campaign
List of Pools
Xevan Algo and Mining Tools
Airdrop and Promotions
◢◤ Signature & Avatar Campaign
◢◤ Bitsend Airdrop
BitSend Finance Report
Finance Report 12/2015
Finance Report 12/2016
Development & Technical Discussion
How can I contribute?
Just fork one of our GitHub repositories at https://github.com/LIMXTEC/BitSend and start working. Developers work in their own trees, then submit pull requests when they think their changes are mature. These pull requests are then discussed in the community and if there is consensus they get pulled in fairly quickly.
Our Bitsend Team
Development -Core -Android
◢◤ Development -Core -Organization -Founder: Chris - Germany Karlsruhe limx dev
◢◤ Development -Core -Android: a.lateminer
◢◤ Development -Core: joshafest
◢◤ Development -Core -Android: c00p3r
◢◤ Marketing - Signature Manager - Core Consultant: Lauda
◢◤ Marketing - Twitter - Social Networking -Core Consultant: Steve - Germany Frankfurt metamorphin
◢◤ Marketing - Core Consultant - Mybitsend.com: Jon - Germany Dortmund Darkjon
◢◤ Core Consultant: Helmut cryptonit
◢◤ Technology Evangelist: Matthias - Germany Bochum szenekonzept
◢◤ Founder: Sebastian - Germany Bochum LIMX Support
◢◤ Development GPU Miner: Wolf0
◢◤ Development CPU Miner: elbandi
◢◤ Development CPU Miner: pallas