Basic Idea for BTC 2.0
This is just spit balling please feel free to add in anything I missed or anything you would like to add, change and so on.
DEX (Decentralized Exchange):
- Develop a decentralized exchange protocol that facilitates peer-to-peer trading of digital assets.
- Integrate APIs to allow interoperability with other blockchain platforms.
- Ensure compatibility with the old BTC chain for seamless transition for users who want to participate in trading on the BTC 2.0 DEX.
Side Chains:
- Implement side chain technology to enable scalability and privacy for off-chain transactions.
- Side chains can host encrypted data related to web 3.0/4.0 payment systems, enhancing privacy and security for users.
Direct-to-Direct Connection to Old BTC Chain:
- Establish a secure protocol for transferring BTC between the old BTC chain and BTC 2.0.
- Ensure that this connection is secure and straightforward, minimizing potential vulnerabilities.
Obfuscation/Anonymity/Untraceable Accounts:
- Develop a multi-tiered privacy system allowing users to choose different levels of anonymity.
- Implement techniques such as multi-ID obfuscation, delayed anonymization, and untraceable transactions to enhance privacy.
- Ensure that these privacy features are optional and come with varying costs to users.
Stints:
- Create a system for storing non-sensitive data off-chain, reducing the burden on the main blockchain.
- Ensure that stints are easily accessible and can be hosted either on users' devices or external servers.
Proof of Work and Proof of Stake:
- Maintain the existing proof of work consensus mechanism for BTC.
- Introduce a proof of stake mechanism to complement proof of work, providing additional security and efficiency to the network.
BTC Business/Account/Anon Account:
- Develop a versatile account system allowing for different levels of control and access.
- Implement business accounts with customizable permissions for managing projects and collaborations.
- Ensure that anonymous accounts are created for every transaction, providing enhanced privacy for users.
In addition to the technical aspects, it's essential to consider the governance structure, and security measures of the BTC 2.0 blockchain. Continuous refinement and improvement based on community feedback and technological advancements will be crucial for the success of such a project. Additionally, ensuring that the API system is open and integrable with other platforms will enhance its utility and adoption.
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BTC 2.0
build an updated BTC blockchain with
DEX
Side chains
Direct to direct connection to the old BTC chain
Obfuscation/anon/untraceable account and transaction option
Stints
BTC Proof of work and proof of staking
BTC Business Account/ Account / Anon Account
DEX
A DEX that allows you to trade with other platforms using API. Other blockchains will have to code in its own API to connect and work with BTC 2.0 Dex. The old BTC will be kept the same but with one option to go active to trade with the BTC 2.0 chain. Do nothing on the old BTC if you do not want to go active to trade on the BTC 2.0 DEX. The API also allows for other Exchanges to connect.Side Chains
Side chains is for companies that holds encrypted data that connect to the blockchain. This allows for the account control of your web sites 3.0/4.0 payment system encrypted and untraceable. The data contains all the web information to host your site and apps. This is not apart of the blockchain but it is connected to it and must be made from your BTC account.The direct to direct connection from BTC to BTC 2.0 will only work for the two chains and is only for active/live BTC transactions between the two chains. Think of it as sending your BTC from your wallet to the BTC wallet on the BTC 2.0 chain. This keeps it simple and more secure should the BTC 2.0 have any bugs/vulnerabilities that a hacker can take advantage of.
Obfuscation/ Anonymous/ untraceable account
The accounts allow for you to trade in 3 degrees of privacy. This cost more to send but it gives you more protection.a. Obfuscation, you can send it to where it hides your ID by using multi IDs to look like it was sent by many different places. This can only be tracked by from sender and receiver.
b. Anonymous, it will require you select the option to make it Anonymous (move to anon account) and leave it sit for more than 24 hours to 7 days the longer you leave it in this wallet the more anon it will be. When sending big amounts you will have the option to send in smaller amounts as to not be tracked by the amount you send. So when you do go to use it to pay for something it can be done at once with no waiting anonymously. This can be tracked by the sender but the receiver will see the Anon ID/s.
c. Untraceable accounts are accounts is meant for the old BTC to send to BTC 2.0 so that it doesn't give a trace from the old block chain to the new one. BTC 2.0 only shows it being sent to many different addresses but on your new account has new ID's selection if you want it in 1 wallet or 100 wallets under your account. You account can not be seen from the outside but only from the person who holds the keys.
Stints
Stints are hosted on your computer or a server, its for data that doesn't need to be protected like profile pictures and information that you use to build your profile. This is not stored on the blockchain.Proof of work and proof of staking
Strait forward proof of work is the core of BTC but adding in proof of stake it will add more value and ability.Business Account/ Account / Anon Account
a. Account is an address and can add or remove addresses under it, the account ID will not be shown to the outside world, it will make up random sub ID's and use API to connect to other accounts web 3.0/4.0. Private account ID/keys can be changed from the public ID/keys.
b. Business ID's/keys can create sub ID's with set permissions for others ID's to work on projects with specific access and control.
C. Anon accounts are always created for every action taken. This is for limited transactions with some ability to do trades on the DEX and other API calls.
This will have an element of open media for the people. While it is not directly codes into the blockchain it will be apart of the API system so it can be integrated into other programs that are for protection of speech. I just made this to put some of the ideas on paper and will be changing and improving it later on.