Topic: Introducing BitNovo (BNV) – A Sustainable and Inclusive Cryptocurrency (W Paper) (Read 24 times)

Hello BitcoinTalk Community!

I am excited to introduce BitNovo (BNV), a new cryptocurrency project that aims to solve key challenges in the current crypto ecosystem while fostering a fair, sustainable, and decentralized future. After over 20 years of experience in technology and a background in economics, I’ve identified several areas where traditional cryptocurrencies like Bitcoin and Ethereum fall short, particularly in terms of inclusivity and economic sustainability.

What is BitNovo (BNV)?
BitNovo (BNV) is a countercyclical cryptocurrency designed to address some of Bitcoin’s inherent limitations:

Fair Mining Incentives: Unlike Bitcoin, which has become increasingly centralized due to ASIC mining, BitNovo allows for GPU-based mining, making it accessible to a wider range of participants.


Dynamic Monetary Policy: The issuance and transaction fees of BitNovo are tied to network demand, ensuring sustainable growth and minimizing inflation risks.

The idea is to have an alternative to BTC when its difficulty is excessively high. My philosophy is as many miners as possible with little hash power versus too much BTC power concentrated in a few farms.

Decentralization and Inclusivity: BitNovo promotes decentralized mining and discourages large mining farms from dominating the network.

How is BitNovo Different?
Fixed Supply of 79 Million Coins: Unlike Bitcoin’s 21 million, BitNovo has a total supply of 79 million coins, with halvings every 52,560 blocks (annually), similar to Bitcoin.
Transaction Fees and Issuance Taxes: A small transaction fee is distributed to miners, and a dynamic issuance tax is applied to network expansion, ensuring funds are allocated fairly.
Early Unlock Penalties: To maintain the integrity of the network, users wishing to unlock time-locked coins before their designated date will face a significant penalty fee.

Why Should You Care?
If BitNovo succeeds, it will offer a sustainable alternative to Bitcoin, limiting its exponential growth and reducing the influence of large mining farms. By focusing on fairness, decentralization, and sustainable growth, BitNovo aims to build a more inclusive cryptocurrency ecosystem that benefits everyone, from small miners to large investors.

Our Mission
Our mission is to create a more decentralized, fair, and economically stable cryptocurrency. BitNovo isn’t just about technology; it’s about redefining the future of money and building an ecosystem that works for all participants, regardless of their mining power.

Get Involved
We are in the early stages of development, and we would love for you to join us on this exciting journey! Here’s how you can get involved:


Support us in spreading the word about BitNovo!
We’re looking for feedback, ideas, and potential partnerships to help make BitNovo a success. If you’re interested in learning more or contributing, feel free to reply here or reach out directly.

Thank you for your time, and I look forward to connecting with this amazing community!

Best,

Tetraspace LLC
Founder of BitNovo (BNV)


https://github.com/teraspace/BitNovo
https://docs.google.com/document/d/1jVe2-ZmO-Vf4C207Fi-8ppQ39Bpz9YWdI5p3MpDMYnE/edit?usp=sharing