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  1. 1. Intro to Project Blink (Blinkchain) Decentralized World Bank Litepaper Presentation (Non-Technical)
  2. 2. Blink Chain - A Regulation Friendly Proof of Speed Blockchain ● Scalability - Proof of Speed ● Regulation Friendly - for adaptation of Cryptocurrencies
  3. 3. Drawbacks of Current Blockchains ➔ Slower Consensus ➔ Security ➔ Storage ➔ Isolated ➔ Regulation ➔ Cost for Computation ➔ Single Transactional Token ➔ Monetary Policy
  4. 4. Solution Proposed - Blinkchain 01 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur eleifend a diam quis suscipit. Class aptent taciti sociosqu ad litora et nec torquent per conubia nostra. 02 Amet, consectetur adipiscing elit. Curabitur eleifend a diam quis suscipit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. 03 Consectetur adipiscing elit. Curabitur eleifend lorem a diam quis suscipit. Class aptent taciti sociosqu ad litora torquent ipsum per conubia nostra. ➔ Time Based Faster Consensus - Proof of Speed ➔ Non- Native Transaction Fee - Proof of Choice ➔ Staked Blocks / Token - Transaction Speed of Token ➔ Blinkcoin - Staking “Most Decentralized Retail Staking” ➔ Rentable UTXOs for Storage - Proof of Hash ➔ Interopability - Blink Oracles, Regional Wallets ➔ Security - Blink Scripts - Parent Child Contract Design ➔ On Chain Taxation - Capital Gains, Stable, Point of Sale Taxes
  5. 5. Features For Users ★ Fastest Consensus Algorithm - A time-based competition for blinking speed confirmations ★ No Native Token Fees - Transacting tokens can be paid for fees, as there is no requirement for special tokens. ★ Most Secure Transfers - Turing Incomplete with predictable contracts removes current-issues of daily breaches.
  6. 6. Features For Users ★ Real-world Interoperability - Native price oracles brings forth real- time market value into the Blinkchain of every asset through its BlinkOracles protocol. ★ Scalable Smart Contracts - Parent-Child contract building design for scalable DApps with hybrid computation model ★ Cheaper Gas - Fixing gas cost at a base fee i.e., at 0.0001 dollars for a basic transaction gas similar to Ethereum’s 21000 gas units can make computation cheaper
  7. 7. Features For Validators ★ Reward for work - Hash rewards provide rewards based on the validation of individual transactions over a period of time. ★ Fastest Validation - Parallel Validation of Transactions benefiting the Proof of Speed consensus. ★ Multi-Stake Model - Blockchain’s novel staking system will be the first retail staking protocol without custodians. The most decentralized staking protocol. ★ Zero Slashing model - Without slashing collateral, blinkchain punishes validators and gives back investors/delegators their staked blinkcoins for production
  8. 8. Features For Governments ★ Region-based wallets - Wallet addresses can be explicitly (publicly) identified with their region i.e., state, country, and type i.e., personal, merchant, government, non-profit. ★ Onchain Gains & Stable Taxation - Governments can remit taxes automatically upon consuming UTXOs with their tax slabs for the type of wallets.
  9. 9. Features For Governments ★ Point of Sale Tax - Goods and Service taxes or VAT can be included in a transaction for purchasing merchant goods which shall be directly sent to government wallets making taxes on point of sale. ★ Zero Tax evasion - Digital tax evasion is not carried out due to smart contract design, public ledger, and immutable rules.
  10. 10. Architecture - Tri Consensus Layer Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur eleifend a diam quis suscipit. Fusce venenatis nunc ut lectus convallis, sit amet egestas mi rutrum. Maecenas molestie ultricies euismod. Morbi a rutrum nisl. Vestibulum laoreet enim id sem fermentum, sed aliquam arcu dictum. Donec ultrices diam sagittis nibh pellentesque eleifend.
  11. 11. Proof of Speed A time-based competition that requires highly efficient validators to propagate mined blocks in a certain period of time. It includes mutable block size and time fixed according to the participating contestants for the next epoch election and production.
  12. 12. Proof of Choice Blink’s staking protocol with a choice given to delegators to bring forth high throughput per token basis. Delegators are required to stake for their choice of tokens in blinkcoin for a specific block height which can improve the token's tps by collateralizing the maximum amount of blocks per epoch. Validators can mine only the token's transactions which are collateralized according to the staking requirement
  13. 13. Proof of Hash UTXOs are rented instead of stored similar to cloud storages in which the transaction fees determine the lifetime of an individual UTXO if expired a penalty is imposed to recover it. Transactions are pruned and replaced with a fingerprint after all the UTXOs in it are consumed fully. Scalability is increased and disk space is recovered.
  14. 14. Architecture - Transaction Fees ➔ Pay in any Token - Flexibility of paying in transacting tokens where there is no native gas fee similar to tokens like Ether, Ada, Sol, etc. Makes life easier for users. ➔ 0.05% of the Token - Fixed cheaper transfer fee similar to existing payment solutions like VISA, Mastercard, etc. ➔ Transaction fees for a value script (UTXO which holds value) is a sum of the gas fee (computation) and transfer fee (value) whereas a logic script only charges the gas fee.
  15. 15. Architecture - Blink Oracles ➔ Subscriber-based oracles - Validators are asked to submit their submissions by subscribing to exchanges' price data. Validators with the most subscribed data shall increase their block production rate at the next epoch with benefits. ➔ Benefits for exchanges - Centralized trading platforms can register their information and submit periodic market rates for which they can charge validators per submission basis. ➔ Real-time data - Blinkchain's native-level price oracles can perform, calculate, and attest transactions which require real-time market data
  16. 16. Architecture - Regulation compliant ★ Capital Gains and Stable Taxes - Independent Taxation provided to countries without giving up decentralization. ★ White-crypto - Fully decentralized with the ability to levy hidden taxes can make cryptocurrencies in blinkchain friendlier to nations, which leads to accepting it as a commodity or currency.
  17. 17. Architecture - UTXO Smart Contracts ★ Secure Turing-incomplete contracts - Predictable arbitrary code without security vulnerabilities ★ Parent-Child Script Design - Hierarchical model of computation with a single logic contract and its attached child value scripts. ★ Most secure DApps - Bitcoin script is proven to be more secure than current smart contract languages due to its limited features. A hybrid on-chain and off-chain application can be constructed using the Parent-Child script design which will make DApps more secure and in-exploitable.
  18. 18. Compare and Compete ★ Bitcoin - Decentralized Money ○ Competitor : Dogecoin, Litecoin, Zcash, Bitcoin Cash ★ Ethereum - Decentralized World Computer ○ Competitor : Solana, Cardano, AVAX, Avalanche, Polygon ★ Blinkchain - Decentralized World Bank ○ A permissionless blockchain as a bridge to regulate real-world and decentralized currencies with faster consensus models and secure advantages to current smart contract chains.
  19. 19. Tokenomics Blinkchain's native coin is Blinkcoin - A fixed supply native token beneficial for the Proof of Choice staking protocol. It is inflationary for rewarding validators over a period of 9 years gaining the issuance rate in starting years, attaining it's peak, and drops to 0 in the 10th year. Premined = 5 million coins Supply cap = 7.25 million Inflation rate = 45% in 9 years
  20. 20. Future ➔ Non-Profit Financial DApps: Native Apps that follow the Parent- Child script design to make feeless non-profit financial services such as exchanges, lending & borrowing, credits, insurance, escrows, etc. ➔ Interoperable DApps: Accessing other blockchain DApps through blinkchain with a technology known as anchored smart contracts. ➔ Auguth DAO: A Decentralized Organization that governs the blinkchain. ➔ Blink Cash: Digital cash based offline settlement protocol that can bring digitized denomination transfers between devices and cards.
  21. 21. Future ➔ Regulatory Features: Working with accepting blinkchain as a legal tender blockchain, in which its assets can be spent and taxed under specific regional rules. ➔ General Smart Contracts: Bringing Turing-complete yet secure smart contract deployment features for developers to run more arbitrary programs on top of blinkcoin. ➔ Single Assets Manager: The Layer 0 protocol for all of the assets secured by cryptography and a distributed permissionless network
  22. 22. Roadmap ❖ Phase Babylon - Initial Implementation of Blinkchain ❖ Phase Jericho - Non-Profit Financial DApps ❖ Phase Ephesus - Blink Cash - Digital Offline Money ❖ Phase Assyria- Auguth DAO ❖ Phase Ur - Regulation Adoption by countries ❖ Phase Niniveh - Anchored Smart Contracts ❖ Phase Moab - Generalized Native Smart Contracts
  23. 23. Contact ● Website: https://blinkchain.org ● Twitter: https://twitter.com/Blink_chain ● Discord: https://discord.gg/2X9rcXCWa2 ● Medium: https://medium.com/@projectblinkchain ● LinkedIn: https://www.linkedin.com/showcase/projectblink/

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