Proposal Archives -
Over the last few months, the Bitcoin Cash (BCH) developers who created the Yenom wallet have been developing a lot of BCH applications and tools. On Nov. 3, the Yenom developer Shun Usami revealed a new proposition model for decentralized application development proposals called the Bitcoin Dapps Improvement Proposal (BDIP) standard.
Decentralized Application Proposals for Bitcoin Cash
Since the introduction of re-enabled opcodes last May, Bitcoin Cash developers have been steadily working on applications like Memo.cash, Bitdb, and other platforms. Shun Usami from the BCH-centric wallet Yenom, revealed on Saturday a new scheme called the BDIP standard. The process is aimed at decentralized application (dapp) development using the BCH chain. BDIP is short for Bitcoin Dapps Improvement Proposal, and it’s a similar scheme to Ethereum’s EIP model, and Amir Taaki’s original BIP system created in 2011 for the Bitcoin Core (BTC) network. Essentially, the BDIP system is meant for characterizing new dapps built on the BCH network, alongside describing what the applications do and the platform’s associated processes.
“The BDIP should provide a concise technical specification of the feature and a rationale for the feature,” the BDIP Github repository explains. “The BDIP author is responsible for building consensus within the community and documenting dissenting opinions.”
The BDIP documentation also explains the rationale behind the standard. The developers believe the process is a suitable method to track decentralized applications built on the BCH chain. This way programmers and users can check the status of an implementation and maybe give feedback, check for issues, or see if the dapp software developers are active.
The repository continues by stating:
For Bitcoin dapp implementers, BDIPs are a convenient way to track the progress of their implementation. Ideally, each implementation maintainer would list the BDIPs that they have implemented. This will give end users a convenient way to know the current status of a given implementation or library.
The First BDIP
According to the specifications, there are three types of BDIPs which include a standard track, an informational BDIP, and the described processes involved with the BCH application. The BDIP authors explain that a proposal must meet criteria and be fully descriptive of the application’s nominated intentions. The developers recommend BDIP authors “vet their own project” to make sure the proposal is original and has utility. “It helps to make sure the idea is applicable to the entire community and not just the author,” the repository adds.
After the BDIP process was announced, the Bitbox creator and BCH developer Gabriel Cardona detailed on Twitter he created the first BDIP called Dapp ID, a “unique identifier for a single dapp protocol with the specification of the dapp.” In addition to the BDIP creation, Yenom developers had recently proposed a new deep link payment protocol, on Oct. 21. The developers also won the first San Francisco BCH Devcon alongside introducing a new Bitcoin Cash Kit (BCK) for BCH developers that contains the first Bitcoin Cash library (lib) for iOS software.
What do you think about the BDIP process for Bitcoin Cash applications? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Github, and Pixabay.
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The post Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps appeared first on Bitcoin News.
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The state of Colorado is considering giving political candidates the ability to raise funds using cryptocurrencies. This week the Secretary of State, Wayne Williams, presented the proposed guidelines and officials are looking for commentary from Colorado residents.
Colorado Secretary of State May Allow Politicians to Accept Cryptocurrencies for Campaigns
Colorado is a state that is well known for testing new laws and guidelines like allowing recreational cannabis throughout the state. This week politicians from the Rocky Mountain state are considering allowing political candidates to accept bitcoin and other forms of digital assets. Secretary of State Wayne Williams proposed the new rules in a draft submitted on May 16, 2018. The proposal states:
A committee may accept contributions in cryptocurrency, up to the acceptable limit for a cash or coin contribution. The amount of the contribution is the value of the cryptocurrency at the time of the contribution. The committee must report any gain or loss after the contribution as other income or receipts.
Crypto-Campaign Acceptance: An Accounting Nightmare
In an interview with the Denver Post Suzanne Staiert, Colorado’s deputy secretary of state explains the proposal going through is likely to happen. “The FEC is doing it now,” Staiert details. “So we are just going along for the ride.”
However, the FEC advisory’s guidelines are making the accounting process more difficult explains the deputy. The FEC advisory laid out how the organization thinks committees should deal with the accounting aspects of accepting cryptocurrencies. “It’s going to be an accounting problem, potentially, for campaigns who want to use it,” Staiert further noted.
U.S. Politicians Have Already Accepted Cryptocurrencies in the Past for Campaigns
A Colorado state official already has accepted donations in Bitcoin Core (BTC) back in 2014 as U.S. Rep. Jared Polis, D-Boulder accepted $ 2,000 worth of BTC that year. Other bureaucrats have accepted BTC in the past for political campaigns as well such as Rand Paul and Gary Johnson. Further, news.Bitcoin.com recently reported on the largest BTC donation given to a candidate so far this past December. The Republican U.S. Senate candidate Austin Peterson accepted roughly 0.284 BTC which at the time was worth over $ 4,500 USD.
The Colorado Secretary of State is asking state residents to comment on this issue before officials come to a decision on the matter.
What do you think about the state of Colorado allowing politicians to accept cryptocurrencies for political campaigns? Let us know your thoughts on this subject in the comments below.
Images via Shutterstock, Pixabay, and Wiki Commons.
The post Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns appeared first on Bitcoin News.
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