Introduction

Project Bitmark is a multi faceted project which aims to provide:

1. A ** stable cryptographic currency network** which balances the requirements of all parties involved.
2. A far reaching adoption initiative under the guise of novel reputation+currency system called Marking

This repository contains the Bitmark cryptograpic currency software, and a wiki which provides all details pertaining to the software, it's configuration and the rationale of all design decisions.

Bitmark

Bitmark aims to be a relatively stable, user focused crypto currency, which refines and implements maturing innovations from the crypto currency sector.

Overview

Technically: Light and stable with a modern codebase, maturing features from the alternative currency sector which benefit users added on a faster timeline than bitcoin. Think of it more as standardization rather than innovation.

User focused: Daily development effort and innovation goes in to making bitmark as user friendly, and simple to integrate as possible.

Earned Value: Every aspect of Project Bitmark is focused on earned value. It's a project to make a viable every day currency, any value will be earned.

Longevity: The Bitmark network has been operational since mid July, 2014. A well funded Bitmark Foundation is being created and funded by the community to support long term development.

Distribution: A configuration which aims to ensure fair distribution whilst using proven PoW which has had substantial investment in hardware. Extensive distribution of the currency is achieved through wide spread adoption under the banner of Marking.

Balance: Every aspect of Bitmark has been designed in order to balance the interests of everybody involved or associated with the project. This includes Investor Public Mining (IPM) which balances Investors, Miners, and Developers in a way that is mutually beneficial and which critically enables those at the core to provide the best network experience to those who rely on it, the users.

• Documentation and Plan
• Discussion and Updates
• Block Explorer
• Testnet Explorer

Getting Bitmark

All Bitmark software releases are published through the github release process, you can download the latest release from the releases tab above.

Eight Algortihm mPoW Hard Fork (v0.9.7)

The hard fork for multiple proof-of-work algorithms (SCRYPT, SHA256D, YESCRYPT, ARGON2D, X17, LYRA2REv2, EQUIHASH, CRYPTONIGHT) under DGWv3 was adopted by the Bitmark community by supermajority consensus after block 450946. The first block where v0.9.7 rules are in effect is 450947.

Each algorithm has its difficulty adjusted independently, with a target spacing of 16 min (for a combined average of 2 min as per the Bitmark specification). The subsidy reduces at the same emission points as before, but each algorithm contributes only 1/8 of the number of emitted coins. The peak hash rate that determines the subsidy scaling factor is dynamic (depends on at most 1 year of hashing history for each algorithm) and the scaling factor remains constant throughout each 24 hour period (it is updated every 90 blocks per algo, which is approximately once a day ). The difficulty adjustment algorithm is Dark Gravity Wave v3, customized for multi algo usage. It has special difficulty retargeting rules, the Surge Protector and the Resurrector. Surge Protector activates if there is a string of 9 blocks in-a-row by the same algorithm. Resurrector activates if blocks from one algo are halted for over 160 minutes.

Download the current version from 'Master' branch, and put the following settings in your bitmark.conf

rpcuser=bitmarkrpc rpcpassword=YoUrSecreT-PaSsWoRd listen=1

##Note: libsodium cryptographic library is required by Bitmark v0.9.7

Ubuntu 16 and higher may simply do:

sudo apt-get install libsodium-dev

otherwise, you may compile this library from sources::

git clone git://github.com/jedisct1/libsodium.git cd libsodium ./autogen.sh ./configure && make check sudo make install sudo ldconfig

Mining

You can mine all algorithms using our fork of cpuminer-multi (https://github.com/piratelinux/cpuminer-multi default linux branch), with the following command:

cpuminer -a <algo> -o http://localhost:19266 -u bitmarkrpc -p YoUrPaSsWoRd

<algo> is sha256d, scrypt, ar2, x17, lyra2REV2, equihash, or cryptonight.

Note: The miningAlgo variable in src/rpcmining.cpp (choose one from ALGO_SCRYPT (0), ALGO_SHA256D (1), ALGO_YESCRYPT (2), ALGO_ARGON2 (3), ALGO_X17 (4), ALGO_LYRA2REv2 (5), ALGO_EQUIHASH (6), ALGO_CRYPTONIGHT (7).

You can also control the mining algo via the rpcommand bitmark-cli setminingalgo <algo number>.

You can also use the bitmark-cli command to mine. The last parameter is the algorithm number as defined in core.h. For example, to mine argon2,

bitmark-cli setgenerate true <ncores> 3

For equihash and cryptonight, it is recommended to use the built in miner as the cpuminer is slow at the moment.

There are currently 3 types of tests implemented.

1. The testnet block explorer with details for each block, general stats, and charts. These tests are good for looking at how the difficulty adjusts with time.

2. The built in testing framework in src/test. After you compile Bitmark, you can run the tests using the executable test_bitmark. Some of the old tests have been disabled, but after disabling a few, all tests should pass now.

3. The newly built tests for the fork, in the directory src/test/fork_tests. To run the tests, you can execute the script run_tests.sh and you should see the message "TESTS PASSED" at the end. These ones use the constant min difficulty regtest network to perform efficient tests that need to quickly generate a large number of blocks.

Merge Mining

Also part of the hard fork is merge mining, a way to increase the hashpower security of the chain by allowing the mining of the chain simultaneously with other chains. All 8 algorithms are supported.