Topic: [ANN] BigBang Core Re-energize the IoT - page 2. (Read 2643 times)

Network Introduction


The BigBang Core network is a P2P network composed of nodes that running BigBang Core software. BigBang Core network
architecture can be divided into three layers: the node network layer, terminal service layer, and IoT terminal layer. The Node network is composed of nodes that running BigBang core program, which synchronously checks blocks and transactions, at the same time, making consensus. The terminal service network as a distributed terminal backend to provide access services for IoT(Internet of Things) terminals. In order to support the huge IoT (Internet of Things) service, the node network and the terminal service network constitute the BigBang Core service platform together. The IoT terminal layer includes intelligent sensors, controllers and mobile terminals. A light client program which saves the private key to complete transaction construction and verification is embedded in the IoT terminal.

What is EDPoS+CPoW？Why BigBang Core uses those two consensus?


CPoW (ContinuityProof of Work) and EDPoS (Extensible Delegated Proof of Stake) came into being to prevent the entire ecological operation stopping from the collapse of a single consensus node, and prevent the block network as a whole is not available from the collective stopping of DPoS nodes. BigBang Core's security consensus mechanism is EDPoS + CPoW. Block reward is the mining reward plus the total transaction fee of block transactions. Voting for an EDPoS node by token can increase the probability of the node packaging. Then Voters share the block reward by vote. The node needs to raise more than 2% of the total Token supply to become an EDPoS node. CPoW is the supplement to EDPoS. Each round of EDPoS consensus has a certain probability to decide to package by CPoW consensus. The fewer token involved in the EDPoS process, the lower the security and reliability of the EDPoS, and the higher the probability of packaging by CPoW. Hybrid CPoW and EDPoS will enhance system security and reliability.

In BigBang Core's tree-based structure, except for the security primary, other forks are equal and independent. EDPoS nodes jointly
establish a packaging sequence through secure computing and generate a true random number beacon. According to the principle
of Byzantine fault-tolerance, less than 1/3 of bad nodes will not be disturbed during the entire secure computing process. If chose
reasonable negotiation algorithm and parameters, the safe computing process will not be controlled unless the 51% attack. The
consensus can achieve higher consistency in BigBang Core, and systemic forks are very rare. So three-block confirmations ensure
that the historical data of the primary chain is not rollable when the number of bad nodes token is less than 50%.

Delegated Proof of Stake(DPoS)

DPoS is a new consensus algorithm to guarantee the security of the digital currency network based on PoW and PoS. It can not only
solve the problem of excessive energy consumption caused by PoW in the mining process but also avoid the problem of "trust balance" of PoS. Then, DPoS has become the representative of consensus 3.0. DPoS allows many users to participate in mining, which means that each currency owner can vote. And then generate some delegates of the same rights which understood as some nodes or pools. Their rights to each other are exactly equal. Currency owners can change these delegates at any time by voting to maintain the “long purity” of the chain system.

Proof of Work(PoW)


PoW(Proof of Work) distributes digital currency according to the workload of miners. The higher the performance and the more the
number of the mining machine, the greater the workload, the more digital currency will be distributed. Bitcoin is a typical example of using the PoW scheme. Miner gets the right of packaging through mining that solved a mathematical problem. If successful, the miner receives bitcoin reward because of costing computing power. To control the currency rule, mining is set to a more complex model. Because the possibility of solving the problem by one miner depends on his calculating power, the difficulty of mining is determined by the sum of all the calculating power in the system. For the cryptocurrency of PoW, miners confirm transactions by competing to solve a mathematical problem. The first miner solved mathematical problem receives the reward. The complexity of the problem is designed to control the currency rule. This method solved the Byzantine general problem very well, but it was criticized by others as inefficient due to the waste of resources. At the same time, the only PoW consensus also faces security problems such as the 51% attack. With the development of the BTC and blockchain industry, the disadvantages of PoW are also exposed. For example, the currency owner cannot participate in any decision-making, and rights concentrated on miners. This runs counter to the idea of decentralization that decision-making right is concentrated on a few miners.

The gerenal information of the consensus in BigBang Core


Consensus Introduction


As everyone knows, according to CAP, decentralization often means inefficient TPS. The huge data in IoT is the difficulty of consensus. So what is the right consensus in the field of blockchain and IoT, let's talk about the evolution of consensus algorithms. Proof of X is the popular consensus in the public chain. Proof of Work(PoW) was first applied, but it has some disadvantages, such as waste of resources, the concentration of computing power, lack of finality and poor performance. Proof of Stake(PoS) avoids waste of resources, relying on thecenter mine pool, reducing the possibility of the 51% attack. But it also has some disadvantages, such as difficult to determine the number of accounting nodes, unexpected centralization problem, nothing at stake problem. To solve the above disadvantages, there are many mixed consensuses now. They want to combine the advantages of both, and also avoid some of the drawbacks, including PoW + PoS, DPoS+ BFT and so on. Therefore, the mixed consensus mechanism may be a develope direction in the future for public chain.

What BigBang Core did in gerenal?

BigBang Core is a block system on the peer-to-peer network. Similar to the popular peer-to-peer digital currency, the transparent
ledger is maintained in a decentralized way, and then achieve autonomous secure management and efficient flow of digital assets. BigBang Core is designed for the IoT(Internet of Things) data requirement.

Use blockchain technology to provide decentralized security management platform, and achieve the performance requirement
such as high concurrency and low latency for IoT systems.

BigBang Core packages users' transactions through security consensus and produces data blocks in chronological order. Unlike
the single-chain systems such as Bitcoin, BigBang Core uses treebased structure to link and store blocks, so there are multiple forks
according to business types and data load. Blocks between forks are independent, and the new block is only related to the fork it
belongs. Because data can be distributed to the blocks of multiple forks, the scalability and high concurrency generated by multiple
forks are the basic performance of the IoT system. The multi-fork structure consists of the unique security primary chain and many
application forks. The security primary chain supports the global consensus mechanism, and application forks are used in real
business. The application forks can provide low-latency transaction confirmation with a minimum of 2 seconds, so users can pay
corresponding transaction fees to achieve low delay business.

BigBang Core Ecology Weekly Report

What’s the important news for this week!🤓 see below!

【NB-IoT chip development completed, BigBang Core continues to lead the blockchain + Internet of Things era】


Details: https://drive.google.com/file/d/1YWnP94gWosOb770c1KcU1TVlMHdX7Q55/view?usp=sharing

An investigation should be started here against those two figures who approved this topic
https://bitcointalksearch.org/user/vycl87-1213661
https://bitcointalksearch.org/user/yzhel-1020686

Great stuff.
Let's all work together to expose these scammers

SCAM accusations topic is posted, pls post if you got scammed by them
https://bitcointalksearch.org/topic/scam-bigbang-core-coin-bankio-webitone-5215699

Please provide the link of the scam topic once available.
Thanks

Reddit scam posted a while ago: https://www.reddit.com/r/gpumining/comments/ehio3i/bigbangcore_bbc_scam_warning/

Only  thing I  know after I posted the scam notice on here , I got  banned from their Telegram and  right after on Facebook group after I  deployed the information!
Their Discord group have no more Admins activity  .. Anyway.. Is all i can tell you.
we have them questioned  many times about the hashrate discrepancy  and about that  unknown pool..
but always we never  had a logical explanation of facts!

Yet still  the unknown pool  working  with more than 80% hash:
 https://miningpoolstats.stream/bigbang ( today)
I heard that  as well  some  miners didn`t got they payment .

I am making SCAM topic with their personal info!

anyone with any info on them, pls PM me!

so far BBC team, coin-ban.io and webit are all tied in scam

BBC telegram group just gone offline, they still did not pay mine pool balance!

As soon I get more info on them scam topic with their contacts will be online!

Same on pool 2 with so much big amounts ... http://bbc02.bbcpool.io/#payments

They paid today to some ppl but not me:

18dh0sapr68mm9ws31xd6ze52v8qvdh4wyas3m133wf2f4mgjksmwx67c

http://bbc01.bbcpool.io/#payments

I am gathering info about team as coin-bank and webit is same play, if they don`t pay

Please go ahead and open a scam topic.
There is already a scam topic on Reddit - https://www.reddit.com/r/gpumining/comments/ehio3i/bigbangcore_bbc_scam_warning/

Do I need to open SCAM topic for your whole team and partners?

Your official pool is not paying out now its more then week!?
http://bbc01.bbcpool.io/#payments

All you with partners from:
https://www.webit.one/
https://www.coin-bank.io/#team
etc.....

Will be included in scam report as atm fund in question is over 1 million $!

PLS RESPOND ASAP!

PS: anyone with extra info about BBC team and their partners pls send me PM

No. Official pool is receiving work/shares but not paying them. Last payment was 27/12. So this is plain THEFT/SCAM.

There´s a 2 Gh/s.. (yes.. 2,000,000 h/s) miner from unknown source, getting all the blocks. 90% of network hashrate. Official pool (not paying one) is 5 %..
Maybe its devs doing PREMINE in real time. But shaddy at last.
Nonsense to use a Ryzen9 (5 h/s?) against that 2,000,000 miner.. (how many cpus do they have? Do they use GPU farm or even FPGA farm??)

You have been warned.

Hello,

Is any mining?   

thank you for providing this very important information, because if people who don't know accidentally install the link it might be dangerous with our data. I did install it and I might check it again