Bismuth Team progress report – March 2021

This report covers February 19, 2021 to March 17, 2021.

Bismuth2.0 announcement, media activity, community dev and good old 2018 NFTs on this month menu!


Bismuth2.0 official announcement finally was out!
If you missed it, here is the link to the detailed blog post.
The new logo is being updated on the various platforms, and detailled info about the up to date roadmap will be provided as it comes.

Post mortem of a recently nailed Node V2 bug for the devs among us:
One user almost emptied his wallet, and V2 nodes did not accept the transaction, for lack of 2 BIS balance.
After full analysis, the mismatch was in the transaction fees, and legacy nodes were right.
Legacy protocol for aliases registration was to use “alias=” in openfield (and costs 1 extra BIS)
Now that we have and use “operation” instead, the new protocol is “alias:register” as operation, and alias only in openfield.
In that precise case, we encountered an edge case where the user made use of both operation and “alias=” openfield.
Newest V2 nodes, compatible with both protocols were thus adding the 1 BIS fee twice, resulting in a lower balance as a result.

The bismuthcore python module – responsible for fee computation – has been updated and node requirements updated.


Current Hypernodes ROI is 18.4%, the same as in February. We count 247 active Hypernodes with a total amount of active collateral of 6,870,000 BIS. That’s a decrease of 1 active node since the last report.

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 326, up by 2 nodes since the last 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 risen to 8,790,000 during this period. The total amount of BIS in circulation is 27,39 million. Hence, the amount of active collateral accounts for 25.3% of the total supply, or 32.1% if the amount of inactive collateral is included, which are the same percentages as last month.

Total amount of HN collateral, both active and inactive.


Welcome Four!

A new community dev came in and asked how he could possibly help.
We are happy to help define entertaining and useful tasks for more Bismuth exposure, thanks @Four, eager to see what will go out of the box!

Dragginator NFTs

Sometimes, you do all fine, but you’re just too early…
Yes, in 2018 Bismuth users had powerful NFTs: collectible dragon eggs with unique look and capabilities, that played games, cups, can hatch and be merged to improve their abilities!

There even is a so called “EggDrop” where you can get one for free (minus transaction fees we will happily provide if you ask).

The website comes with a marketplace so you can also sell and buy specific dragons.

The recent days have seen broken record after broken record, both in volume as well as in individual egg value…

Damian made a video about the eggdrop, it’s even easier now thanks to some tweaks on the Dragginator website.

A more in depth article about the dragginator NFTs is planned as well as some news from Iyomisc, its creator.

Media and news


By popular demand, we released some info-graphics about the Bismuth 2.0 and related work.
You seemed pretty happy with them and relayed them on social media, thanks!

See the following tweets for full reference, and link to the blog posts as well as Github media repository with full size images if you need them.

Given the warm welcome of this graphic work, we’re very likely to release more, more often!


Nice activity, likes, RT and mentions on twitter. Most of them were related to the new infographics and lately , the dragons NFTs.
Thanks to all of you, you know who you are 😀
Keep it going: we need you to be involved and help us spread the word!

Python Love

A reminder of the free programming ebooks you could have for free by following the dev discord channel or our twitter:

  • The Python Workshop – “Learn the fundamentals of clean, effective #Python coding and build the practical skills to tackle your own software development or data science projects”.
  • Learn Python Programming – Second Edition – “Learn the fundamentals of Python (3.7) and how to apply it to data science, programming, and web development. Fully updated to include hands-on tutorials and projects.”.
  • Two Free Udemy Video courses for #Python beginners – Time limited!
  • Python GUI programing cookbook – “Over 90 recipes to help you develop widgets, forms, layouts, charts, and much more using the latest features of Python 3”
  • Hands-On Data Structures and Algorithms with Python – Second Edition
  • Yet another free Udemy Video course “The Self-Taught Programmer (For #Python)”
  • A new free Udemy video course, this time is not so much about pure dev than automation: “Automate the Boring Stuff with #Python Programming” Likely to find numerous practical uses in the crypto field 😉
  • “Data Analysis with Python” Including Sentiment analysis, Financial time series, forecasting, AI… See what I mean?
  • Applied Unsupervised Learning with Python – Free ebook, time limited.

Everything begins with a design…

Guess which way is ETH’s, and which way Bismuth chose?

Python packages and info you may like

  • Tornado is a Python web framework and async networking library. Link.

At Bismuth, we use it in many places. The Tornado wallet – guess what? – is powered by Tornado.
Tornado comes with many batteries included, and is a real pleasure to work with.
Async, options, pretty logging, Template engine, safety features…

An option to keep in mind for your network and web related developments.
It’s also used by the wallet servers and some Bismuth services, with an Nginx or Apache server as front end.

A very sexy framework we couldn’t live without !


Users keep asking: Yes, an official ETH bridge is very soon to open.
Most of the code is ready and tried on testnet. The related GUI is also almost done.
We count on large holders to help us in locking liquidity. A guide will be issued.