Solana Labs co-founder introduces BunkerCoin whitepaper

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Solana Labs Co-Founder Anatoly Yakovenko has directed his neighborhood in the direction of a brand new blockchain protocol known 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 right this moment and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Suitable Blockchain Protocol,” presents a technical overview.

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

BunkerCoin addresses the problem of information transmission over shortwave radio by optimizing for a 300-byte Most Transmission Unit (MTU). That is achieved by erasure-coded frames to make sure knowledge 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 take care of community safety.

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

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

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.

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