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TEAMTALKS #32 — BISMUTH

TEAMTALKS PROVIDES A SOAP BOX FOR THE CRYPTO TEAMS THROUGH RAW & UNEDITED Q&A — THIS TIME I MET WITH BISMUTH & THEIR COMMUNICATIONS ADVISOR, ADAM T.

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INITIAL INTRODUCTION

Who are you & what is your role on Bismuth?

My name is Adam T., I am the Communications Advisor for the Bismuth Foundation.

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Adam T. is called Big Poppa on Discord, is involved on the Bismuth Discord & functions as communications advisor for the Bismuth Foundation. No other links to his person was to be found online.

PROLIFIC PROJECT

What are Bismuth’s key features

Bismuth is a unique platform - it fathers a completely new protocol coded in Python. As well as being one of the few from-scratch projects in this industry, the Bismuth Foundation did not partake in any crowdfunding or ICO.

Whether it be standard decentralized applications or completely new digital services, Bismuth is the solution for any developer or business that wishes to harness the immutability of blockchain tech, with full integration in the world’s fastest growing and most popular programming language - Python.

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Why does the world need Bismuth?

I believe the world needs Bismuth because there is no other platform that offers this degree of simplicity when interfacing a product or service with a blockchain.

Bismuth enables full development in Python, the most well known programming language in the world.

It also introduces plugins: a system that enables the direct integration of virtually anything imaginable, as optional extensions to participating network nodes. This permits unlimited scalability within the preference of the plugin creator, completely independent of any limitations within the Bismuth blockchain.

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‘Bismuth stands on three pillars that differentiate it from other crypto-currencies’ - quote from whitepaper

COMPROMISING COMPETITION

Who are Bismuth’s competitors & why is Bismuth superior/different to it’s competitors?

I’d personally say that Ethereum is Bismuth’s primary competitor.

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All above are extracts from the Bismuth Whitepaper

TOKENOMICS

Can you give a quick rundown of important tokenomics?

A development fund does exist for the Bismuth Foundation despite there being no crowdfunding or ICO. This fund is completely denominated in BIS, and increments slowly as 10% of current PoW emission is directed towards the fund address to help support development.

As of this interview, the current circulating supply is 15,284,918 BIS, with a maximum PoW-issued supply of 51,370,000 BIS, with an additional 1–2%/annum tail emission from Hypernodes.

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All above are extracts are from the Bismuth Whitepaper

ENGINE EXPLANATION

Can you give a quick rundown of your motor?

Bismuth is relatively unique as it has to maintain a simultaneous consensus across two networks- the main network (propagated through PoW), and the secondary layer (propagated by Hypernode network nodes).

TEAM TENACITY

How does the Bismuth core team look right now?

The Bismuth project is currently maintained by the Bismuth Foundation and voluntary contributions by other Python developers. The foundation consists of around a dozen members that contribute to the project through various means- whether it be through code, marketing, or advisory.

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Are there plans of team expansion?

The foundation is always looking to expand the team and garner new talent to improve and advance the Bismuth project.

LEGAL LOOP

Where is Bismuth based?

Bismuth is not specifically based anywhere - it is a global project.

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Bismuth envisions itself as a global project, not belonging to any specific location.

biHow does Bismuth relate to local legislation & worldwide regulation?

Bismuth does not fall under any securities laws. The BIS native token’s primary function is utilitarian by nature - it is essentially used to cover transaction and service fees across the network.

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Statement from the Chair of ESMA, Steven Major (EU, 2019) — link: https://www.esma.europa.eu/press-news/esma-news/crypto-assets-need-common-eu-wide-approach-ensure-investor-protection

MONEY MAKING

How does Bismuth get income from the project & what are the future plans of income for the project?

The Bismuth Foundation receives BIS through the development fund- which is funded through direct deposits of one full PoW block reward issued every ten blocks (10% of PoW emission).

END EXPERIENCE

How will the man on the street experience or use Bismuth?

I believe the Bismuth platform could be integral for any product or service that has a reason to be combined with the immutability of blockchain technology.

How will government bodies & large corporations?

For internal government and corporate use, the interaction would definitely be more up-front.

How will the crypto investor?

For crypto investors, Bismuth will always retain a speculative facet- as with all cryptocurrencies.

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Bismuth is currently traded on qTrade, Graviex and Vinex exchanges

FORESEEN FUTURE

What is the next big thing for Bismuth?

Bismuth is currently pursuing listings on top-50 exchanges. The Bismuth Foundation is still working on it and will keep the community updated.

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Current Bismuth exchanges — larger exchange listings are pursued actively

Where do you see Bismuth in 5 years?

I foresee an incredible utilitarian future for Bismuth - not only due to the technology it brings forth, but simply due to the fact it has the potential to tap into the intellectual capital of millions of Python developers.

I don’t think it’ll be too long until the Bismuth platform harbors one of the largest ecosystems for development in the blockchain industry.

The human mind is immensely creative, and such a hub of intelligent minds would bring forth a multitude of use-cases built onto the Bismuth platform.

THANKS TO ADAM T. & BISMUTH PROJECT FOR TAKING THE TIME TO PARTICIPATE IN THIS TEAMTALKS!

NOW; IF U ENJOYED THIS ARTICLE, PLEASE TAKE THE TIME TO PRESS THE CLAP BUTTON 1, 2 or 46 TIMES — HOWEVER YOU SEE FIT!! :)

Written by

CEO @ Valhal Exchange

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