Introduction

BPX is a new generation Ethereum-compatible blockchain based upon an innovative consensus algorithm, Proof of Space and Time known from 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 provides the same level of security and decentralization, with a fractional power consumption. Compared to Proof of Stake blockchains, BPX is censhorship resistant and does not suffer from the problem of “the rich get richer”.