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Solana Labs co-founder introduces BunkerCoin whitepaper

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Solana Labs Co-Founder Anatoly Yakovenko has directed his group in direction of a brand new blockchain protocol referred to as BunkerCoin.

The announcement coincides with the discharge of the white paper for BunkerCoin, a blockchain protocol designed for environments with restricted bandwidth, together with compatibility with shortwave radio.

The white paper, launched as we speak and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Appropriate Blockchain Protocol,” presents a technical overview.

BunkerCoin makes use of a recursive Zero-Information Proof hash operate and a proof of elapsed time Verifiable Delay Perform (VDF). The VDF permits miners to determine a ‘golden ticket,’ important for block validation and transaction integrity.

In case you are into mainstream adoption, pivot to bunkers pic.twitter.com/xAwzf8TF5m

— toly 🇺🇸 (@aeyakovenko) April 1, 2024

You may additionally like: Polygon CEO debates L3 community utility, Degen Chain makes tens of millions

BunkerCoin addresses the problem of information transmission over shortwave radio by optimizing for a 300-byte Most Transmission Unit (MTU). That is achieved via erasure-coded frames to make sure information transmission reliability and community robustness in low-bandwidth situations. The protocol employs a Nakamoto-style longest-chain rule, which works with the transmission and validation strategies to keep up community safety.

Till additional discover of the discharge of BunkerCoin, customers trying to make investments on this know-how ought to concentrate on “BunkerCoin” like rip-off cash on well-liked blockchains, like Solana, Ethereum (ETH), Polygon (MATIC), and Base. The perfect case is to attend for an announcement from Yakovenko himself for verification and extra info.

By introducing a brand new protocol, Yakovenko might wish to escape the meme coin volatility on Solana, which began in December 2023. The surge in meme coin reputation has led to important dealer earnings, pushed by the hype and fast token proliferation on the Solana (SOL) and Base blockchains.

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BitMEX Co-Founder Arthur Hayes cautions in opposition to dismissing meme cash as silly and worthless, emphasizing their function in attracting new customers and builders, thereby aiding blockchain improvement.

Learn extra: Dogwifhat reaches a brand new all-time excessive as whales reluctant to promote

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