The Original GreenPaper will not be modified going forward. Redactions and modification can be found below.
First published on 6.2.2021
Update 6/6/2021 to GreenPaper- Subject matter- Privacy and Accountability
Privacy and accountability . Our initial position was to keep track of the evolved Bitcoin but NOT give their correlating BTCECO addresses .This was an attempt to provide privacy to the user evolving their Bitcoin and becoming a Bitcoin Eco user. Unfortunate this wont work.
EVERY single Bitcoin Eco from temporary 21,000,000 will have a correlating Bitcoin Annihilation Address or Burn address with provided transaction details. This will give the validity we are in pursuant of.
Every single BTCECO that is NOT sent to an Annihilation Address after the Bitcoin on-boarding period WILL have a correlating Bitcoin Annihilation Address transaction details.
This gives irrefutable evidence that every single BTCECO that is in total supply/circulation is represented by Evolved/ Burnt Bitcoin at a ratio of 1 to 1. Documentation of all evolved transaction will be of public record and fully visible.
Updated: 6.6.2021 Privacy and Accountability
redact to GreenPaper “whitepaper”– Subject matter- Privacy and Accountability
Updated: 6.7.2021 – Launch update
Bitcoin Eco genesis block was mined on the 5.30.2021. Coin Stake Maturity: 15 days . We can issue evolved BTCECO on 6.14.2021. We are wrapping up on the final decision on what Public Bitcoin Burn method to use “Annihilation Address”. Once that is determined we can technically start evolving Bitcoins to BTCECO. On the 14th we will send out the first batch of evolved BTCECO. Your weight and staking rewards will depend on the amount of Bitcoin you evolve. The Evolution ratio is 1 to 1. If you evolve 1 BTC you get 1 BTCECO
Updated: 6.7.2021Arrival at designated Bitcoin Annihilation Address “Burn Address”
1CounterpartyXXXXXXXXXXXXXXXUWLpVr has a long history and if searched in a search engine. Any potential sender can follow the rabbit hole all the way down to the WHY this address is a burn address. Just searching this address can build a healthy understanding of how addresses are generated and their correlation to the blockchain.
Designated Bitcoin Annihilation Address “Burn Address”
Currently the only method to evolve Bitcoin to Bitcoin Eco is through direct message in REAL TIME. Meaning you must be actively in DM direct message with Bitcoin-Eco#7815 in the official discord for Bitcoin Eco. Must be a responsive conversation in real time so upon sending to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr Bitcoin-Eco#7815 can validate the transaction with timestamps. The evolution process will be improved . Currently for the CORE launch on the 14th this is the most secure method we have arrived at to evolve BTC to BTCECO. Make sure Bitcoin-Eco#7815 is activity chatting with you. Then within 1 minute of sending your Bitcoin to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr type SENT to Bitcoin-Eco#7815 in the direct message.
Updated: 6.10.2021 – The First evolution of Bitcoin to Bitcoin Eco
The First evolution of Bitcoin to Bitcoin Eco was processed June 09, 2021 at 9:05 AM PDT . At current with 43 confirmation. This is the first successful evolution of Bitcoin to Bitcoin Eco .We have updated the Annihilation Ledger On the 14th at Core launch we will update the Annihilation Ledger with the corresponding Bitcoin Eco address from this Bitcoin to Bitcoin Eco evolution.
The Details of the First evolution of Bitcoin to Bitcoin Eco are Hash: 46353d8aafc566bbaff51c032b862f59dd195d780cb45398b2826974116f0962
Updated: 6.13.2021 – Bitcoin Eco Transitional Maintenance Node
A maintenance Bitcoin Eco node will be established this node will power the Bitcoin Eco network tell the community has enough staking power to run the core network. The job of this maintenance node is to process blocks and power core network tell Bitcoin Eco users can stake and power the core network. ALL BTCECO this maintenance node gets in staking rewards while waiting to be taking over by the community will be burnt and sent to an Annihilation addresses and will be publicly visible on the Annihilation Ledger. All BTCECO coins will be accounted for during this transition to the community.
Updated: 6.13.2021 –CORE Launch and Wallets will be released 6.14.2021
ONLY Send Bitcoin to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr . This is the ONLY Bitcoin Address a Bitcoin Eco team member will EVER ask you to send Bitcoin to. This Address is a commonly agreed upon Bitcoin Burn address and NONE of the Bitcoin Eco team have access to the Bitcoin sent to this address. If you send any Bitcoin to any other address other than 1CounterpartyXXXXXXXXXXXXXXXUWLpVr you will NOT get BTCECO in return.
Stewardship protocol– In the event NOT enough participants are available to provide a strong decentralized CORE network for Bitcoin Eco the stewardship protocol would be implemented. The protocol distributes small about of BTCECO to long standing Bitcoin stewards. This will ensure the direction of the Bitcoin Eco project will be protected by steadfast Bitcoin community leaders that have provided the environment for Bitcoin to blossom to what we see today. These stewards will have just enough BTCECO to stake to ensure maximum decentralization of the Bitcoin Eco Core Network.
The Stewardship protocol will only be enacted in the event not enough early participants evolve BTC to BTCECO to launch the Bitcoin Eco Core network with maximum decentralization.
Stewards will be selected among the Bitcointalk community. The qualification to be a steward of the Bitcoin Eco CORE network will be determined among the Bitcoin community . Insight will be taken and final selections will be determined by a method deemed decentralized.