Introduction

BPX Chain is a new generation Ethereum-compatible blockchain based upon an innovative consensus algorithm, Proof of Space and Time (PoST), knownoriginally frompioneered by the Chia Network. Proof of Space is a cryptographic technique where farmers prove that they allocate unused hard disk space to the network. Proof of Time increases the overall security of the blockchain.

Compared to Proof of Work blockchains, BPX Chain provides the same level of security and decentralization, with a fractional power consumption. Compared to Proof of Stake blockchains, BPX is censhorshipmore censorship-resistant and does not suffer fromavoids the problemcentralization oftendency “thewhere richwealthier getparticipants richer”.gain an outsized influence.

BPX usesChain generates new blocks using hard disk drives toand generateis newcompatible blocks. BPX supportswith Chia K-32 plotsplots, andenabling cansimultaneous be farmedfarming with other ProofPoST-based of Space and Time cryptocurrencies at the same time.cryptocurrencies.

BPX Chain is fully compatible with Ethereum Virtual Machine. DevelopersExisting can build smart contracts and dApps in Solidity language and all existingEthereum-based solutions can be seamlessly migrated to the BPX network without any changes inmodifying source code.

BPX providesalso asupports the standard Web3 RPC API, soensuring it works out of the boxcompatibility with all popular wallets (e.g., Metamask,MetaMask, Trust Wallet) and developmentdeveloper tools (e.g., Remix IDE, Web3.js).

 

BPX Chain provides standard interface for fungible and non-fungible tokens, compatible with the appropriate interfaces in other blockchains (e.g. ERC-20, TRC-20, BEP-20).

The BPX cryptocurrency ispowers usedthe tonetwork, payfacilitating blockchaintransaction fees and rewarding farmers involvedwho inhelp securingsecure the network.chain.