Boolberry Opportunity Roadmap Blockchain Development Company

Description

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Informations

• Publié par: seorumer
• Publié le: 06 octobre 2016
• Nombre de lectures: 7

Extrait

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

Boolberry Opportunity & Roadmap A unpolished rune harboring untapped potential

September, 2016

BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

Summary Boolberry is an unparalleled and immediate opportunity offering substantial market cap and exchange rate appreciation, investment returns by any other word. Boolberry is currently undervalued because it lacks utility and scarcity and any semblance of future growth, and its utility decreases every passing day. The problems and circumstances that have led to Boolberry’s disrepair can all be fixed very easily, restoring Boolberry’s utility and scarcity, while simultaneously advancing the cryptonote protocol to greater heights. Boolberry is a contender for being one of the most valuable cryptocurrencies on the market, and this report will detail the roadmap for achieving that value. It explains the rationale why the Blockchain Development Company is spearheading development of this network, and how we plan to achieve our goals.

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BLOCKCHAIN DEVELOPMENT COMPANY

Table of Contents

1. Who We Are

2. Background

3. Market Cap Target  $50,000,000

4. Development Roadmap

5. Community Needs

6. Conclusion

www.blockology.org

2

BLOCKCHAIN DEVELOPMENT COMPANY

Who We Are

www.blockology.org

The Blockchain Development Company is a team of quantitative software engineers and financial professionals. The organization was formed in 2014 in order to address the inefficiencies in improving cryptocurrencies. We maintain that improvements in the general economy benefit all participants in that economy, and our organization is the embodiment of that goal. Our findings were that cryptocurrency supporters were too heavily invested in their preferred cryptocurrencies to have objective discussion about the future of their currency, their developers were not transparent in their intentions, and discussion about useful developments in other cryptocurrencies was impossible due to the perceived threat of a stronger currency. These problems were coupled with the assumption that the everyone else was just as invested in their own preferred cryptocurrency and only trying to subvert other communities. This led to redundant and useless efforts in a world that is not integrated with the idea of cryptocurrency, a world where the separation of cash and state is still a form of heresy, therefore such redundancies and distractions needed to be approached from a different perspective. Boolberry represents a unique opportunity, and this is our most public project to date. It will also allow our organization to provide an example and raise the standard for other cryptocurrency development teams and their communities.

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BLOCKCHAIN DEVELOPMENT COMPANY

Background

www.blockology.org

Boolberry is a cryptocurrency based on the cryptonote protocol. When cryptonote was created, most other alternate cryptocurrencies were copies of bitcoin with a few parameters changed. Cryptonote was developed from the ground up and experiences parallel evolution from bitcoin style cryptocurrencies. “Bitcoin” is the reference implementation of the bitcoin protocol. Describing Cryptonote’s reference implementation is substantially more verbose. There is a reference implementation of Cryptonote also called “Cryptonote” a currency that was never intended to be released into production, an alternate currency called “Bytecoin” was the first production version of the cryptonote protocol. Boolberry is one of several implementations that diverged from the Bytecoin implementation, alongsideMonero,AEON,   and a few others outside of the scope of this document. Some of the implementations are more actively developed and researched that others. The cryptonote protocol enjoys parallel evolution from the bitcoin protocol and complete separation from the code base. The cryptonote protocol offers many advantages over the bitcoin protocol with regards to financial privacy, encryption methods, difficulty adjustment algorithms, issuance schedules, and more. A common tenet of “cryptonote” etymology, in contrast to bitcoin, is that it labels itself as an upgrade to every aspect of bitcoin. “Bitcoin” is a skeuomorph, to help people understand the concept of digital cash despite their being no physical coins involved, leaving a very abstract concept many people struggle with. In national currencies, coins are a lower denomination than the papernotes. Cryptonote maintains this skeuomorph in its attempt to be a greater financial  asset.

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

That being said, the cryptonote protocol’s utility was hampered by its own distinct problems limiting its utility and practicality, these problems include: ● A blockchain stored in RAM, instead of on disk ● Flaws in the financial privacy parameters ● Lack of user friendly GUI, no pretty apps to make using the currency easy. All variants and implementations of the cryptonote protocol suffered from these limitations and we will describe what they are in greater detail. The Monero implementation features the only team of developers that have successfully addressed the flaws in the financial privacy parameters, and the blockchain storage problem. Monero is by and far the most advanced cryptonote implementation, they have peer reviewed the Cryptonote team’s research and worked with them to understand the cryptography and science behind it.Unbeknownst to the  respective teams, the Blockchain Development Company has helped with research of Monero and the Cryptonote protocol sporadically throughout the lifespan of the Monero project.

Bug: Blockchain stored in RAM

Bug: Flaws in financial privacy

MONERO

FIXED

FIXED

BOOLBERRY

ONGOING

ONGOING

Bug: Lack of GUI ONGOING FIXED Note: 1. AEON left out of this table due to divergent solutions and implementations 2. Monero’s official GUI is currently compilable but not released officially Boolberry is branched from Bytecoin, and was briefly called HoneyPenny. The community had a push to attempt a further renaming, where the name Rune began to catch on. This push fizzled out and this foreshadowed the community and developers fizzling out as well. Regardless, Boolberry’s primary developer introduced some advances to the cryptonote capabilities in the Boolberry implementation. First, it has had a functional user friendly GUI since its beginning. It took two years before other cryptonote implementations, specifically Monero, has a GUI. Secondly, it introduced pruning which helps Boolberry remain scalable as more financial transactions begin to happen on the network. To understand why that is important, a basic aspect of the cryptonote protocol needs to be understand, and how it offers financial privacy, in contrast to bitcoin clones.

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

In bitcoin style blockchains, every transaction leads directly to another transaction and the debited amount. No names and financial institutions are attached to these transactions in the blockchain, which gives a level of anonymity. This provides a false sense of security, because as soon as a person or a financial institution makes any one of their bitcoin addresses known, then all transactions to and from them throughout history are no longer anonymous, and the origin of the amounts and prior owners can be deduced with great accuracy. It takes a lot of work and time to use bitcoin anonymously or without broadcasting your personal finances to the world forever, and this contributes to greater transaction costs for using bitcoin. This section is a deep dive, feel free to skip this and resume after the end of the Background section Cryptonote resurrects an old cryptographic concept called Ring Signatures, and couples that with a newer concept called Stealth Addresses. Ring Signatures in this application essentially take other people’s prior and current transactions and combine them with your transaction, making it impossible to tell which transaction was the real one at this point in time. It is aringof previous transactions  masquerading as one new transaction. Despite this rudimentary explanation, when you or any outside observer looks at the history of transactions, they will be unable to tellwho sent what,   how much was sent,where it was sent,the previous transaction where the sender’s     amount came from.The sender is also able to configure the size of the ring, which is how  many transactions their transactions can be coupled with. Stealth Addresses were seen from applications of bitcoin. They are essentially longer public addresses that hide the true address of the owner. Unfortunately in bitcoin, the weak link is the default operation of the network. Since all other transactions around yours are not stealthed, it is increasingly trivial to determine the public address behind the stealth address, by following the origin of nonstealthed transactions. In cryptonote, the entire network uses stealth addresses, there are no weak links, and the stealth addresses are also embellishments on top of the ring signatures. Essentially, even if someone deobfuscated a ring of transactions to isolate the real one, they would still be left with stealth addresses give them no indication of the trail of funds, leaving your and your neighbor’s and their businesses’ financial privacy uncompromised. The compromise? Greater computational resources needed to operate a cryptonote network. Every transaction on the blockchain contains a lot of data, duplicate data. The stealth addresses are longer than a public address.

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

Let’s take a moment to break down these somewhat familiar abstractions into more concrete facts. An address is what you use to store units of currency in these networks, analogous to your account at a bank. Addresses and bank accounts are a series of numbers, and letters. Each single number and every single letter takes up a tiny amount of space on a computer. Blockchains are files that record the history of all transactions from everyone that has ever transacted on a network, and these transactions contain address information. As time goes on, the blockchain must become a bigger file, because more transactional information is added to the blockchain. Bitcoin protocol and the Cryptonote protocol both use a blockchain, but the cryptonote protocol requires a lot of extra file space because each transaction has rings from old transactions and longer stealth addresses. This makes it increasingly unwieldy for people to use cryptonote if they run out of file space too quickly. This theoretical problem was compounded by the fact that cryptonote stores the entire blockchain in RAM instead of on the computer’s disk. Computers have adequate disk space at this point in time, but they don’t have adequate RAM. Boolberry removes old ring signatures to keep the size of the blockchain lower, for longer. This is a unique solution and as Boolberry grows it will be able to scale better than the market leaders do. Utility problem: Blockchain stored in RAM This impending problem for all cryptonote currencies greatly affected the market’s view of the viability and future utility of cryptonote. The Monero team successfully solved that problem, by both storing its blockchain in a database on user’s computers, as well as creating a conversion tool to take in memory blockchains and parse it into the on disk database blockchain format. Utility problem: Flaws in the financial privacy parameters The Monero team also discovered flaws in the ring signature implementation of cryptonote, and created fixes for that. As previously mentioned, users are able to specify how big the ring is, and some of those sizes could compromise other people’s financial privacy accidentally. Ring sizes of 0 and 1 were identified as problematic, and they hard forked their network to reject any transaction with a ring size less than 2, except for a special transaction type called a dust transaction. With the added confidence and proven track record, Monero has removed the cloud of uncertainty from cryptonote implementations and has recently been recognized as a market leader in all cryptocurrencies. It rose very quickly from a market cap of several millions to a market cap of$150,000,000seating it comfortably within the top 5 cryptocurrencies. For now.  

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

Source: Coin Market Cap www.coinmarketcap.com Monero will be gaining a GUI making it even easier for the curious, the enthusiasts, and the speculators to use it. A gain in utility will contribute to its scarcity. This means future holders of Monero will need to post better offers to entice someone else to sell or relinquish their Monero currencies. In capital markets, this simply means higher prices. Indeed, if you owned Monero while it had a market cap of $3.9 million, you would be sitting on a 3,800% return today as Monero enjoys a market cap of $150 million. For simpler illustrative purposes: ● This means a $10,000 position or investment in Monero would be worth $380,000. ● This means a $25,000 position or investment in Monero would be worth $950,000. Boolberry’s market cap had fallen to $50,000 at its lows, and recovered to a $500,000 market cap when it resurfaced on the Blockchain Development Company’s radar. To reiterate, Boolberry and Monero come from the same code base. They have encounter the same problems. Having worked with Monero on those problems, we are equipped to patch up Boolberry and restore its utility.

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BLOCKCHAIN DEVELOPMENT COMPANY

www.blockology.org

Monero and Boolberry are open source projects. This means they are freely available to look at and modify the inner workings of these projects, and take code from one and add it to the other. This is what the software engineers at the Blockchain Development Company and other contributors are doing. An analogy: A house is in disrepair and is on the market at a low price. You know how to repair the house and are also aware of upcoming improvements in the attractiveness of the surrounding area. You buy the house for a low price, spend some resources to fix the house, and then sell the house at a premium price because it is nice, has the utility of being a house, all while the surrounding economy has also improved. This is the Boolberry opportunity, and now we will detail the market cap target and the Blockchain Development Company goals for achieving them.

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BLOCKCHAIN DEVELOPMENT COMPANY

Market Cap Target  $50,000,000

www.blockology.org

The growth of Monero is not the crux of what we see in Boolberry. The market cap potential of Boolberry should neither be considered correlated or bound by Monero’s market cap. Monero’s growth represents the beginning of market recognition of cryptonote advantages over incumbent cryptocurrencies. Boolberry speculation is crowded with technical analysis, and that form of predictive price analysis would not consider our price target to be a fathomable outcome. We will outline how Boolberry will achieve these goals. Development of Boolberry under the stewardship of the Blockchain Development Company will increasingly diverge from what Monero offers and is compatible with. As we address the utility of Boolberry, the scarcity will increase. We will also be pursuing development paths that will strengthen its blockchain network, which also have the effect of improving its scarcity. The Blockchain Development Company ethos is that market prices are derived from utility and scarcity. Boolberry lacks both utility and scarcity and this is priced in accordingly. After these problems are addressed we are aiming for a market cap of $50,000,000irregardless of bitcoin’s  exchange rate. Boolberry’s most liquid market is the Boolberry/Bitcoin pair, and it currently has no pairs with national currencies like the US dollar or Euro.

We come to this number by looking at a variety of factors:

●

What is depressing the market price now

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