With Bismuth now having most of the May 2017 Roadmap implemented, it is time to declare new goals based on the long term vision of constant development and improvements. Besides the described achievements, the Bismuth core code has also been strengthened, block security has been greatly increased with the recent successful hard forks. Automatic bootstrapping is now in place for user convenience together with partial rework of the user interface and a handy addition of wallet backup and other capabilities. During the last month’s research, it has become obvious that the unique interpretation engine scheme Bismuth is using for it’s selective decentralized application execution and operation could be extended with a standard module for execution of decentralized contracts in a dedicated new module. The first and necessary application will be an addition of a second-layer decentralized token platform, granting users an innate ability to issue, exchange and manage tokens on the Bismuth platform. In the creation of the first secondary currency, the first rules for token operation will be defined, giving Bismuth the basis for an industry standard, executable smart contract dimension. To shortly list the next goals:
- Additional decentralized token layer (decentralized asset exchange)
- Token syntax and command standardization as a base layer for decentralized contract mechanics
- Decentralized contracts execution platform with a common shared state hooked to Bismuth through OpenField
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Original May 2017 Roadmap
I would like to inform you that the launch of Bismuth has been successful beyond expectations. In the first two weeks, I have upgraded the mining algorithm to handle unlimited amount of users, improved support for Linux users, secured and bootstrapped the core and added numerous new features under the hood. We are now slowly approaching the stage of the light client support with the latest versions. Work on a mining pool have been restored and are in negotiation with external programmers. As for the forseeable future, you will see the following:
The development does not end with the last point, but these are mid-term realistic goals. As for the distant future, I would like Bismuth to stay on the cutting edge of technology, supporting blockchain-based IoT for which I already have the case study. Bismuth is also capable of supporting an asset exchange and should be able to provide a basis for the artificial intelligence and deep learning infrastructures with connection to the real world. There is a plenty to look ahead for.
I would like to inform you that the launch of Bismuth has been successful beyond expectations. In the first two weeks, I have upgraded the mining algorithm to handle unlimited amount of users, improved support for Linux users, secured and bootstrapped the core and added numerous new features under the hood. We are now slowly approaching the stage of the light client support with the latest versions. Work on a mining pool have been restored and are in negotiation with external programmers. As for the forseeable future, you will see the following:
- Restructured mining difficulty drop mechanics ✔
- Full messaging support for both encrypted and unencrypted messages ✔
- Ability to symmetrically and asymmetrically encrypt any data on the blockchain ✔
- Implementation of the blockchain-secured legal document storage (footprints and full documents)
- Decentralized HTML browsing capabilities with direct evaluation ✔
- The first ever decentralized performance and availability monitoring tool for servers (partially implemented)
- The mining pool ✔
The development does not end with the last point, but these are mid-term realistic goals. As for the distant future, I would like Bismuth to stay on the cutting edge of technology, supporting blockchain-based IoT for which I already have the case study. Bismuth is also capable of supporting an asset exchange and should be able to provide a basis for the artificial intelligence and deep learning infrastructures with connection to the real world. There is a plenty to look ahead for.