When Bitcoin launched 11 years ago, Satoshi Nakamoto had the vision of giving people power over their money. His vision lives on through BTC. However, the Bitcoin network has a few flaws. One of those flaws is the Proof of Work mechanism. Mining Bitcoin requires a huge amount of resources that are out of reach for most ordinary people. The result is that the BTC network is increasingly being placed in centralized control.The Bitterfly project excepts to change that using a revolutionary consensus mechanism called the Buttery that will be used on the Bitterfly blockchain. About Bitterfly Bitterfly wants to continue the vision that Nakamoto had for Bitcoin. The goal is to give power back to the people and place them in control of their finances. To do this, the Bitterfly team is working on three main areas that require improvement: · The consensus mechanism · The blockchain performance · Community Governance The Consensus Mechanism To improve the consensus mechanism, the team behind Bitterfly has created the Butterfly algorithm that they will add to the PoW mechanism. Not only can it ensures that the hash rate is obtained fairly, it ensures that the hash rate of the whole network is enhanced via the butterfly effect. Performance In terms of performance, the Bitterfly blockchain has been upgraded to have a confirmed commercial speed of 5000TPS. Bitterfly is designed as a Blockchain As a Service open-source platform, which can be used in different applications. Bitterfly will support different types of computing services that include cloud servers. As a result, it will utilize idle server resources to boost the hash rate support for the network. Community Governance When it comes to community Governance, Bitterfly plans to introduce a node competition mechanism that will release 210 nodes over time to enhance the butterfly effect. First, they will introduce the nodes via the Butterfly matrix network. Later, they will do so via a fair elimination process. The goal is to ensure that the nodes contribute to the success of Bitterfly. The Encryption Algorithm Encryption and decryption of data are at the core of the operation of any blockchain. It helps to guarantee the security of the whole blockchain. Only a corresponding private key can unlock data encrypted using a public key. In most blockchains, the Hash Function and the Asymmetric Key Encryption Algorithm are used to encrypt and decrypt data. For the Hush Function, the main algorithms used are SHA and MD5.Bitterfly uses the SHA256 algorithm for encryption and RSA, DSA, and Elliptic curve algorithms for decryption. For the verification phase, Bitterfly developed the DFLYSChnorr, which is based on the SCHNOOR algorithm. Consensus Algorithm The consensus mechanism is used in the blockchain to ensure that each transaction is accurate. Bitterfly plans to operate within the enterprise space, which requires comprehensive and heterogeneous systems that are integrated with various communication protocols. To deal with the challenges that might arise, Bitterfly developed a two-layer consensus algorithm for the PoW mechanism called the PBFT algorithm. Here is how the Bitterfly algorithm works: · The network Structure Bitterfly is designed as an internet payment and application protocol that is based on embracing the digital economy. It can facilitate value storage as well as the decentralized exchange of digital assets, payments, as well as clearing functions. Within Bitterfly, everyone can participate in productively. It will place a huge demand on Bitterfly. The network will offer performance guarantees as well as smart contracts. · Bitterfly Consensus Algorithm To meet the goal of decentralization and security, Bittefly wants to become a global computer instead of a P2P information system. Besides satisfying the decentralization and security needs of its users via PoW, the system will also need to perform at a high level. As a result, the team opted to support smart contracts in commercial applications. To deal with the issue of energy consumption, the team came up with the Butterfly algorithm. The algorithm allows the use of PoW as well as other cross-chain methods such as the Layer 2 protocol. Confirmation of transactions is done via verification nodes. Each node is preconfigured with a list of trusted nodes known as the Consensus Achievement List (CAL). The node list can be used to confirm transactions. Once a transaction is confirmed with the local ledger, it is integrated into the transaction candidate set while all illegal ones are discarded. To improve the security of the network, the verification confirmation was raised to 60% unlike in other networks where it is 50% +1. A transaction is officially confirmed once it is confirmed by 80% of the CAL nodes. The process is known as the Last Closed Ledger, which represents the latest changes to the ledger. Within Bitterfly, the identities of those taking part in the confirmation of transactions are known beforehand. AS a result, transactions are faster and the blockchain is more efficient. Butterfly Matrix Entropy Weight Algorithm Entropy is used to measure the level of uncertainty in the system. Bitterfly built a way to establish consensus using multiple factors. In the network, each data set has a corresponding weight. Summary For the past 11 years, Bitcoin has enjoyed tremendous success. The launch of Bitcoin ushered in a new era for humanity. For the first time in history, decentralized money that is outside the control of governments and other central entities is possible. The new type of money gives people the power to control their finances and avoid the harsh effects of inflation caused by the wanton printing of government currency. When a new economic downturn hit the global economy, Bitcoin failed the litmus test. While Bitcoin should have helped to save people’s finances as the money printing began, it seemed to have followed the same trend as the sinking global economy. It revealed that BTC still had numerous weaknesses that need to be corrected. Bitterfly wants to build on what Bitcoin has accomplished and do more with it. The team behind this project is quite optimistic. They believe that they can achieve what Bitcoin has achieved in the past 11 years. Besides that, they believe they can achieve where Bitcoin has failed in those past 11 years. 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This press release was orginally distributed by ReleaseWireHang Zhou, China -- (ReleaseWire) -- 07/09/2020 -- Last weekend, the first stage of Enduro Rally contest, Rukla 2020 was held. CFMOTO Factory Racing Team, sponsored by CFMOTO factory, participated in it with two SSVs and two ATVs. Although this time the team was further from the winners' podium, they certainly gained new experiences and knowledge about ways to improve their machinery.The family duet of Antanas and Audra Kanopkinai with the CFMOTO ZFORCE 1000 SPORT SSV won the fifth place in the SSV course. One place below them finished Dalius Mockapetris and Faustas Kucys.According to Antanas Kanopkinas, the team had a variety of moments in the contest – from small mistakes to tense moments in the narrow road sections."Although we began to prepare our vehicles on Tuesday, work has still been carried out all night until the start of the contest. We managed to find solutions for some of the issues, however the rest still needs to be solved. Due to the rush of late night preparation, from start right to the finish, me and Audra were going only with rear wheel drive, therefore we were facing problems in speed sections as well as in the orientation part. Yet at the end of the day, we overcame the rally without any losses.The vehicles are now being taken to the service as we need to find out whether there are any damage and look for solutions to fix some issues and improve the vehicles. We are happy to learn something new each time we participate in the race.I think that Dalius Mockapetris and Faustas Kucys with an old generation CFMOTO ZFORCE 1000 performed very well. The track in some areas was more grateful for our competitors as they were driving SSVs with turbocharged engines and bigger suspension travel. In narrow areas, Dalius and Faustas had a chance to demonstrate their well-developed technical skills. It was more difficult in the sand and that is where the competitors gained the advantage over us. However, we are just starting to grow our muscles and the process of improving the vehicles are still at the early stage. We are not giving up and are definitely looking into the future challenges", said Antanas.In the segment of ATVs, the team had to participate in pairs. Here, the CFMOTO Factory Racing Team's driver Adomas Gancierius was accompanied by his colleague Mindaugas Blockis. They both were driving CFMOTO CFORCE 1000 ATVs.Adomas and Mindaugas didn't end up among the winners, however Adomas appreciates the 8th place out of 21 participants. According to Adomas, this time he faced the same problem as in the last contest, ATV engine was getting too hot because of the amount dust and mud. Because of that, the team is already making plans for the cooling system's modification."We had a very hot day. At first, everything was going smoothly, then we started taking off the protective screens on the radiators for better cooling, however they still got covered in dust and dirt frequently, so we had to stop and cool the engine from time to time. My front breaks also stopped working, but that is probably because I broke the brake line. We managed to overcome the speed sections successfully; the winches weren't used much. Although there were definitely a large amount of dust, we know that conditions were the same for everyone, so we can't complain. Overall, the race track was really good, especially the first and the fourth speed sections. Now we are going to solve the overheating problems and for that we have been thinking about installing the second radiator", said Adomas.The CFMOTO Factory Racing Team will not have time to rest after this race. The mechanics will need to carry out the maintenance of the vehicles and apply the improvements as the upcoming weekend the racers are already leaving for Zante, Latvia, where the second stage of Enduro Rally will be held.About CFMOTO CFMOTO develops, manufactures, markets and delivers the world's most reliable and cost-effective motorcycles, all terrain vehicles, Side-by-Side utility vehicles, and powersports engines, parts, gears and accessories, which are distributed through more than 2000 companions worldwide. CFMOTO is edging into the advanced ranks in the world in the powersports industry and aims at supplying super products to dealers and fans globally.For more information on this press release visit: http://www.releasewire.com/press-releases/cfmoto-factory-racing-team-stormed-the-enduro-rally-contest-in-rukla-1296264.htmMedia Relations ContactZhang YuInternational Communication SpecialistCFMOTOTelephone: +86 17767101771Email: Click to Email Zhang YuWeb: https://global.cfmoto.com/
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