[ANN] The Blur Network (BLUR) - PoW Cryptonight-Adaptive CPU-Only

in #cryptocurrency6 years ago (edited)

The Blur Network is an standalone blockchain in view of one central premise:

Neither protection nor security can genuinely exist without decentralization.

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BLUR adopts a decentralized-by-desing strategy to untraceable transactions. They have picked entirely the most imaginative and compelling solutions:

The Blur Network incorporates RingCT signatures for exchange confusion, the Cryptonote Convention to anchor the blockchain, and the new Cryptonight-Versatile Calculation to guarantee decentralization at the generation level.

BLUR can be executed with the security and protection of Monero, without the dangers that outcome from centralized mining. Custom mining rigs, GPUs, Nicehash, and pooled mining place the welfare of the Monero organize in the hands of few. Rather, The Blur Network is bolstered by singular miners mining on full nodes.

RingCT Signatures

Untraceable exchanges are conceivable in The Blur Network by utilizing a method created by Shen Noether for The Monero Project. Ring Confidential Transactions consider shrouded sums, origins and destinations when sending BLUR. There is the link to the specialized paper by Noether specifying the RingCT mechanism.

CPU Mining

The particular model decided for The Blur Network's Proof of-Work agreement is a variation of the cryptonight calculation, called Cryptonight-Adaptive. Since the algorithm dynamically changes with each block, pooled mining techniques are not good with The Blur Network. The System is GPU & ASIC-safe, mined just by CPUs. Here is a hyperlink to a paper developing the requirement for an answer in light of centralization.

BLUR adopts a decentralized-by-design strategy to mining. The algorithm used to mine BLUR is incompatible with pooled mining (with current programming) and is impervious to ASIC/GPU mining rigs. Since the calculation dynamically changes with each block, GPUs and ASICs require reset after each block is mined on the system. This makes it dreadfully resource-intensive for BLUR to be an appealing choice for GPU/ASIC setups. The Blur Network is contained of people mining on individual computers.

Trustless Security

The Blur Network empowers people to send and get payments in BLUR without the variable of "trust." This is made conceivable by the Cryptonote Protocol, through cryptographic keys and signatures. The Cryptonote Protocol whitepaper can be found by following the hyperlink. The paper is explained with editorial from specialists at Monero Research Labs.

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