Breakout Coin (BRK ) on 13/06/2016



  • Breakout Chain is a Global
    Multicurrency Payment System

    Breakout Chain is a payment system that supports several currencies like Breakout Coin and Breakout Stake. Breakout Chain can send money anywhere instantly. It uses a decentralized ledger to store transactions, which means no banks, governments, or other central authority controls any aspect of the payment system. The Breakout Chain payment system is completely transparent, allowing anyone in the world to fully audit every transaction that has ever been processed by the payment system. Breakout Chain employs cutting-edge technological safeguards to ensure that every transaction is balanced so that no individual can spend money that isn’t theirs or spend any money twice.The Breakout Chain payment system is unique in that it supports several currencies, each with different properties. This type of currency system is brand new and is termed a “Multicurrency”. The properties of each currency of the Breakout Chain Multicurrency payment system influence the ways in which the currencies are used.Three of the currencies are “Breakout Coin”, “Breakout Stake”, and “Sister Coin”.

    Developer James Stroud, Ph.D. / Lead Developer

    Specification:

    Chain stats:Block Times: 5 MinutesSupply: 19.5 M Upon Genesis of the Chain
    Inflation: 5% per year (compounded per block)
    Starting Block Reward: 10 BRK
    Min Transaction Fee: 0.01 BRKSupply: 12.5 M Fixed Supply
    Inflation: None
    Min Transaction Fee: 0.01 BRX
    Stakes: Breakout Coin
    Stake Minimum Confirmations: 3456 (12.3 Days)

    Disclaimer: The floor price of 4500 BRK/BTC will be in effect only during the sale. Breakout Services will not support this floor after the sale. Buying cryptocurrencies is speculative and buyers understand that the price may become less than 4500 BRK/BTC. Only those who are experts in cryptocurrencies should participate in the coin sale.

    We offer the following early buyer incentives for the second sale:

    Hour 1: 25% Bonus (Starts June 13, 2016 10am PDT)

    Week 1: 15% Bonus (Starts June 13, 2016 11am PDT)

    Week 2: 10% Bonus (Starts June 20, 2016 11am PDT)

    Week 3: 5% Bonus (Starts June 27, 2016 11am PDT)

    First Coin Sale (Complete)

    The first coin sale represented 3,372,506 BRK & BRX, and was conducted between 10/21/2014 and 11/21/2014. A breakdown of the coinsale by purchaser's Breakout Chain address can be found at http://chain.breakoutcoin.com/balances/. This breakdown does not include private sales and early buyer bonuses.

    Second Coin Sale
    6,627,494 BRK will be available for the second coin sale, which will be hosted at Bittrex. Breakout Stake will be offered as part of a funding target incentive program, but some Breakout Stake may remain and will be sold at a later date. The second sale will start June 13, 2016, and last four weeks. Prior to the coin sale, Breakout Chain will be launched. Buyers will have the opportunity to withdraw their coins immediately following the sale

    Wallet Downloads

    Windows Wallet:https://github.com/BreakoutCoin/Breakout-Chain-Cli...

    Mac Wallet:https://github.com/BreakoutCoin/Breakout-Chain-Cli...

    Linux Wallet: Coming Soon

    Breakout Coin Mining






  • Using The Breakout Chain Wallet

    This short tutorial shows how to start up the Breakout Chain software for the first time and generate a new address for others to send BRK.


    To use the Breakout Chain wallet Go to the download page at http://www.breakoutcoin.com/downloads/ and select the download that matches your system.


    wallet-downloads


    Either extract the wallet on windows or open up the .dmg file on OS X. For Windows, open the zip archive:


    client-zip-archive-big


    Click the Extract button.

    windows-extract-button


    Click Extract All.

    windows-extract-all


    1. For OS X, double click the downloaded .dmg file, then drag the Breakout Chain software to Applications. Then double click the software icon from within the computer’s Applications folder.
    2. After extraction, double-click BreakoutCoin. Sometimes it crashes on the very first run. If it does, just try again.
      windows-breakout-exe
    3. Allow the Breakout Chain wallet some time to synchronize. It might take 10 minutes or more. When it is finished, the checkmark will be solid instead of outlined.
      synced-icon
    4. After it is synced, protect your wallet with a strong password by selecting Encrypt Wallet from the Settings menu. This will cause the client to quit so the wallet can be encrypted. After it quits, just open the client again as described in Step 3.
      encrypt-wallet-item
    5. Create a new address first by clicking the Receive button.
      recieve-button
    6. Then click on the New Address button.
      new-address-button
    7. Ensure that the Currency pull-down reflects Breakout Coin, then fill in the Label and click OK.
      new-address-entry
    8. From the list at the top of the window, select the new address that has the label you entered in the previous step.
    9. Click Copy Address at the bottom of the window to put the address in your clipboard.
      copy-address-button




    James Stroud


    @multicurrencies

    James Stroud, Ph.D., is the lead developer for Breakout Chain, the blockchain carrying Breakout Coin, which is the chip used for the online gaming platform developed by cryptocurrency startup Breakout Gaming. Dr. Stroud is also a co-founder of CryptoCertify, the first company to focus on auditing both the code and deployment of cryptocurrency applications.






  • Breakout Chain Update v1.4.5.0

    Download v1.4.5.0 clients from https://github.com/BreakoutCoin/Breakout-Chain-Client/releases/tag/v1.4.5.0.


    Version v1.4.5.0 improvements include

    1. Inflation of Breakout Coin (BRK) will switch from about 2.5% to about 5%, the latter conforming to the original BRK specification. This switch corresponds to a block reward increase to 20 BRK, from 10 BRK.
    2. Card staking has been fixed, and soon cards will mint Sister Coin (SiS) readily upon maturity. Once the first card stakes, Breakout Chain will be the first cryptocurrency that has more than a single staking currency. It already is the first cryptocurrency block chain that mints two different currencies to secure the chain (BRK and SiS).
    3. The built-in Tor has been upgraded to the newest version (0.2.8.6). The previous built-in Tor version was over two years old, meaning the upgrade includes hundreds of improvements to the Tor protocol.
    4. In addition to built-in Tor, the client now supports clear net. This brings access to billions of new users around the globe who are behind government and ISP firewalls that prevent Tor. China, for example, has one of the most agressive Tor firewalls of any government, effectively excluding most of its 1.37 billion inhabitants from using the previous version of Breakout Coin. A given cryptocurrency achieves value largely from the number of active users, who place demand pressure on the coin supply. My goal is to remove any impediment to adoption, and this has meant a clear net option.
    5. I have also added support for external Tor. This allows users to choose their Tor implementation if they want something different from the convenient built-in Tor. This option may appeal to users who want to use the Tor development branch, a custom implementation, or even Tor proxied through another computer in very lightweight environments.
    6. For maximum flexibility, I have created networking configurability that allows users to choose from several different setups: (A) built-in Tor only, (B) clear net only, (C) built-in Tor + clear net, and (D) external Tor + clear net. Instructions for setting up these configurations are below. The latter two configurations allow any user to serve as a Tor-clear net bridge, which helps the Tor network and clear network to communicate with each other. Breakout’s own seed nodes will also be Tor-clear net bridges, but other users are also invited to run bridges to help the network.
    7. Stake splitting is now much more agressive, meaning stakers do not need to split wallets into many different addresses. Each stake will split a single transaction into two until an optimal number of transactions populate a staking wallet. The process of splitting to optimality may take a couple of months unless users split transactions manually to expedite the process. Optimality means that a transaction will split if the staker wastes any staking potential waiting for maturity. Over time this results in a staking transaction pool that contains no more transactions than needed to fully utilize staking potential. Further, transactions will be no smaller than needed.

    Currently, builds are available for OS X 10.7 – 10.12, Raspbian (for ARM Raspberry Pi hardware), Windows XP – Windows 11. Linux builds are coming soon. You will notice that Breakout supports some very old operating systems. This is because a core philosophy of Breakout is to achieve the widest adoption possible. For example, Windows XP just turned 15 years old and can run on hardware that is 20 years old. This expands accessibility to billions of people worldwide who can find old hardware and install practically any version of windows still widely accessible.

    It is essential to support desktop hardware because running a full node is the only trustless way to guarantee privacy. In contrast, phone or browser light wallets work by requesting block chain data from specialized servers that provide this data. These queries, and any transactions submitted through these servers potentially risk the user’s privacy. Running a full node gives users plausible deniability because a transaction broadcast by a node can originate from any of a user’s peers and not necessarily the node itself.

    How to Configure Your Breakout Chain Networks

    The newest Breakout Chain release (1.4.5.0) allows users to connect to either both Tor and clear networks using flags in the breakout.conf configuration file. This configuration file is at the following locations:

    Windows: %appdata%\Breakout\breakout.conf
    Mac: ${HOME}/Library/Application Support/Breakout/breakout.conf
    Linux: ${HOME}/.breakout/breakout.conf

    To get the %appdata% folder on Windows, find the “Run” command either in the windows menu (Windows 7 and below) or by using the search feature to find the command named “Run”. In the dialog, type %appdata% to open the %appdata% folder (Windows 8 and above).

    On Mac, find the Application Support folder by going to the *Finder*:
    – Clicking Go
    – Click on Go To Folder
    – Enter ~/Library/Application Support/ in the dialog

    The breakout.conf file must be edited with a real text editor. On Windows, use Notepad, and on OS X download the free TextWrangler software from the AppStore (https://itunes.apple.com/us/app/textwrangler/id404010395). On Linux use vim, emacs, pico, nano, gedit, or similar. Please DO NOT attempt to edit the breakout.conf file with the built in OS X program called TextEdit.

    The Tor network can be accessed through the built-in Tor that comes with Breakout Chain or with external Tor that can be downloaded from https://www.torproject.org/download/download.html

    IMPORTANT Any time you use external Tor, you need to also run the Tor browser on the same computer to provide the external Tor network.

    For external Tor, you only need to run the Tor browser and it will provide Tor for you at port 9150.

    Settings Added to breakout.conf for Various Configurations

    Internal Tor Only: no customizations are needed for the breakout.conf file (edited)

    External Tor Only – add the following two lines:
    onlynet=torext
    torext=127.0.0.1:9150

    Clearnet Only: add the following two lines:
    onlynet=ipv4
    addnode=162.254.24.181

    Tor-Clearnet Bridge with internal Tor (both networks on the same node):
    onlynet=tor
    onlynet=ipv4
    addnode=162.254.24.181

    Tor-Clearnet Bridge with external Tor (both networks on the node):
    onlynet=ipv4
    onlynet=torext
    torext=127.0.0.1:9150
    addnode=162.254.24.181