BIGBANG CORE - BBC COIN

  China, Xianggang, Guiqing - 04/14/2020 (PRESS RELEASE JET)

Based on the research of blockchain and token economy, BigBang Core uses blockchain technology and the concept of token economy as the underlying logic and ecological foundation to establish an ecological economic model. From product traceability to the establishment of trusted transactions, and from industry chain finance to the establishment of a new ecology, BigBang Core will use the blockchain to optimize the transfer and circulation of "value".

1?Features of BBC COIN

BBC is a digital currency created by encryption technology that stores value, and is an incentive mechanism pre-buried in the system to work for the system. They are based on public blockchains and can be sent, received, or mined.

- BBC is bound to a public open blockchain so that anyone can join and participate through the network;

- BBC can be sent, received or mined;

- BBC does not have any function except as a currency.

The features of fairness, consensus, trust, and rapid value circulation provided by blockchain technology make the collaboration between BigBang Core and IoT deeper, and the decentralization is more difficult to be attacked and destroyed, and it also makes it impossible for anyone to invade or destroy system alone. This design almost guarantees full validity and trust in every information exchange.

2?Token Economic Derivatives

BBC is the public chain coin and the practitioner of the token economy. The token economy essentially means that the blockchain allows assets to circulate freely, forming a true Internet of value. And to a certain extent, the Internet of Value is equivalent to the Internet of Things in the future, that is, the value is given to the data, and the data is regarded as the general circulation of assets. BBC has now launched BiKi, QBTC, WBF, BiBull, LBank, and more head exchanges continue to dock.

The BigBang Core ’s token economy is based on the blockchain and forms an open circulation incentive value circular economy, which enables value creation, flow, transfer and conversion within and outside the economy.

As a IoT (Internet of Things) data decentralized security management platform with huge scale and significant application value in the future, BigBang Core has a strong correlation between project development and economic application value. Through its development of Internet of Things based on influence and contribution, each BBC corresponds to the value corresponding to the platform at the time of issuance, and it is a truly valuable "asset" and has already been implemented. With the establishment of credit behind the owners of these assets, the circulation of assets, the merger and evolution, etc., there will inevitably be a "chemical reaction" of great value, corresponding to the long-term appreciation process of the BBC that has been issued. At the same time, the impact and contribution value required for each newly generated BBC will increase.

The initiators of BigBang Core are committed to helping solve the problems of information data and fund management between IoT through the advantages of the blockchain token economy and the natural characteristics of blockchain decentralization, thereby promoting information sharing between IoT and improving the reuse of inaccurate traffic. On the other hand, BigBang Core encourages individuals to encrypt their personal information and needs on the chain to accurately match the demand side and the supply side. In this way, a decentralized business data circulation ecosystem is formed to realize point-to-point value transfer, build a new decentralized IoT security management ecosystem, and expand existing business models and cash flows.

3?EDPoS+CPoW Consensus Mining

In order to prevent the collapse of a single consensus node and cause the operation of the entire ecosystem to stop, as well as to prevent the overall collapse of the block network due to the collective strike of DPoS nodes, CPoW (sustainable proof of work mechanism) and more "decentralized" EDPoS The expanded entrusted equity certification mechanism) came into being.

BigBang Core's security consensus mechanism is "EDPoS + CPoW", and the node's revenue is the block reward interest plus the total transaction fee for intra-block transactions. Users can use BBC to vote for EDPoS nodes to increase the probability of block generation for EDPoS nodes. When the EDPoS node successfully generates a new block, the corresponding voting user also shares the block reward according to the voting quota. Nodes need to raise more than 2% of the total BBC supply votes to become EDPoS nodes.

CPoW complements the EDPoS consensus and each round of the EDPoS negotiation process has a certain probability to give the first block right to the CPoW consensus. The fewer BBCs participating in the EDPoS process, the lower the security and reliability of the EDPoS consensus. In this case, the higher the probability of obtaining block weights through the CPoW consensus, the hybrid CPoW mechanism enhances the system security and reliability.

In the tree structure of BigBang Core, in addition to the security main chain, the remaining branches are equal and independent of each other. The EDPoS node group jointly establishes a block sequence through security calculation, and at the same time generates a true random number beacon. The allocation of the branch chains generated by the branch chain is generated by the calculation of the random number beacon of the security main chain. According to the principle of Byzantine fault tolerance principle, less than 1/3 of malicious nodes will not be disturbed in the entire security calculation process, and a reasonable choice of negotiation algorithms and parameters can achieve a non-51% attack and the security calculation process will not be controlled.

BigBang Core firmly believes that innovation will bring value, and blockchain technology will help BigBang Core build a belief - relying on BBC COIN, taking the network as the link, taking the value as the context, and taking the data as the core to build a "Internet of Things + Blockchain" value IoT ecosystem, to achieve the "consensus" of IoT data and services in the information age, "co-governance", "sharing" and "co-joint".