Bismuth Team progress report – August 2020

This report covers July 21, 2020 to August 18, 2020.

Core Node

Ongoing work on the next node milestone.
Convert tool is working, node can now run with a contextual config so can easily switch between old and new database.

Significant work on logging as well: logs are now organized in categories: status, consensus, peers, mempool… so they’ll support a level per category, and are converted to use semantic levels.
This will make both user output lighter and developer output more clear and useful.


Current Hypernodes ROI is 20.8%, one point up from the last report. We count 227 active Hypernodes with a total amount of active collateral of 6,060,000 BIS.

Data from the Hypernodes page.

The plot below shows all Hypernodes, both Active and Inactive, during the last 60 days. As can be seen from the plot, the number of Hypernodes is currently at 321, down 4 nodes since the previous report.

Total number of Hypernodes, both active and inactive.

The plot below shows the total Hypernode collateral, both active and inactive, during the last 60 days. As can be seen, the total amount of collateral has decreased with about 100,000 BIS during this period. The total amount of BIS in circulation is 24,99 million. Hence, the amount of active collateral accounts for 24.6% of the total supply, or 33.7% if the amount of inactive collateral is included.

Total amount of HN collateral, both active and inactive.


Pursuing last month efforts, Bismuth Tokens are now available within the Tornado Wallet.
You can see token balances for your addresses, send and list tokens transactions – directly from the new Crystal.
No full packaged release yet, but you can run from source, see Github.

Screenshot of the “Tokens” crystal main page


Repost of previous concept posts by HClivess:

As well as a brand new article “Beyond Defi with Bismuth” (related tweet)


No specific Bismuth news, but we’re delighted to see qTrade behaving well: gaining traction, volume, new coins listing.
Bismuth is part of that dynamic and positive momentum.

We all hope CMC will stop ignoring qTrade and finally list it!