Bismuth
Crypto Overview
Overview
Bismuth is an open-source cryptocurrency platform launched in 2017 that introduces the concept of 'hypernodes' and aims to provide a Python-based blockchain development ecosystem. The project emphasizes its utility as a platform for creating decentralized applications (dApps) and implementing custom use cases through its Python-based smart contracts.
Purpose and Utility
The primary stated purpose of Bismuth is to serve as a development platform that allows for easy creation of blockchain applications using Python. The project provides tools for developers to build decentralized applications and implement business logic directly on the blockchain.
Current Usage and Adoption
The project has maintained consistent development activity, with regular updates to its core protocol and development tools. While adoption remains limited, there are several operational dApps built on the platform, primarily focused on data storage and verification use cases.
Token Distribution and Governance
The token distribution appears reasonably decentralized, with no indication of excessive founder allocation. The project implemented a fair launch without an ICO, and tokens are primarily distributed through mining.
Development Activity
The project maintains active development on GitHub, with regular commits and updates to the core protocol. The development team remains engaged with the community through various channels, including Discord and their official forum.
Revenue Model
The primary revenue mechanism is through transaction fees paid in BIS tokens, which are used to compensate network validators (hypernodes). This model does not involve interest-bearing activities or lending protocols.
Crypto Impact
To assign a comfort level investing in Bismuth from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bismuth.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.