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BISMUTH Team Progress Report – September 16 2019

15 August 2019 – 15 September 2019   Preamble This month has witnessed great strides in progressing towards a decision in deciding the future monetary policy of Bismuth. With the release of the initial Bismuth Governance Vote, individuals within the community can soon vote upon the future emission schedule of the platform using a novel approach designed by the Bismuth Foundation. Along with the governance shift, there have been other notable updates which will be highlighted below.

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BGV-01: Bismuth Governance Vote #1

Preamble This blog article explains the BGV-01 motion and the options you can vote for. Abstract Motion: Keep Bismuth supply emission as it currently is (A) , or significantly reduce emission – therefore option (B). Voting period: From 2019-09-15 at 12h00 UTC to 2019-10-15 at 12h00 UTC (block time counts) Vote reveal: From 2019-10-15 to 2019-11-01 at 16h00 UTC If a hardfork is decided, it will take place at block height 1,450,000, approximately on 2019-11-27

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The Bismuth Governance Shift, Part 2

Preamble In the previous post, the governance shift that is to take place with Bismuth was introduced, and the ETH voting protocol was examined. It was shown that this protocol does come with several issues that could be important flaws in the Bismuth context. Issues with the ETH voting protocol There is nothing at stake. You do not directly win or lose anything by voting (just some gas) Exchanges as well as shared services, dev funds, and founders have a huge voting power The holders are by definition the ones getting the most votes, so the issue is likely to …

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The Bismuth Governance Shift, Part 1

During the first two and a half years of the Bismuth blockchain project, important governance actions have been decided by the group of foundation members. Now the core team finds it is time to involve the community deeper into governance questions, and make more use of community feedback. The Bismuth project has had a very active Discord community since the beginning, and it is seen as a very valuable resource for the project- and it makes sense to consult the community more than in the past for input on important decisions. Therefore, the foundation members have decided to introduce a …

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Bismuth listed on VGate and FinexBox

Preamble The Bismuth Foundation has been busy with arranging for exchange listings lately- with a couple of successful placements and more in the pipeline. The two exchanges Bismuth has been listed on recently are VGate, a DEX developed by San Francisco-based Vite Labs, and FinexBox, a large Chinese-based exchange. Both placements help Bismuth establish a greater footprint on the market and grants the project exposure to hundreds, if not thousands of new potential investors. A diverse selection of exchanges from all across the world helps bolster the platform’s access to different audiences- in the case of FinexBox, the Chinese cryptocurrency …

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Bismuth gets an iOS + Android mobile wallet!

The mobile industry is an ever-growing market that has had an unfathomably positive impact across the globe. The traditional smartphone device acts as a gateway to the digital realm, which in result enables an increasingly interconnected society. It is both a technological and societal revolution that has witnessed an unprecedented pace in growth, with adoption even in the most under-developed parts of the world. In fact, according to GSMA Intelligence, as of 2017, there were over 5 billion unique mobile subscribers across the globe- far more than the number of people that own household computers. The mobile device has grown …

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