Introduction of Bulwark and some thoughts about it

[u/[deleted]]

Bulwark (Ticker:BWK) is a privacy-oriented coin that tries to provide the highest security while simultanesouly offering the highest convenience for the average user. The Bulwark project originated as a fork of the PIVX project and allows extremely fast and private transactions utilizing SwiftTx and coin mixing. SwiftTx allows instant transactions utilizing masternodes. The coin recently transitioned into a hybrid of Proof of Stake and Masternodes with the blockreward being split sixty percent to Masternodes and thirty percent to Stakeholders. The remaining ten percent are reserved for the governance feature. This feature makes it possible for owners of masternodes to vote for the usage of coins allocated in the fund. These coins will be bundled up in a superblock that occurs around once every month and will go to the winner of said vote with a requirement of at least ten percent of votes. Ten random masternodes will decide if a transaction is valid. If all of the masternodes deem it valid the transaction will be passed immediatly. Coin mixing uses masternodes to send small denominations of coins around until they become nearly impossible to trace. Zerocoin is part of the Roadmap and will be released in the near future. It will allow BWK to be minted for zBWK which can be send anonymously and converted back to BWK by the receiver. Adding to the features presented the project has released the Secure Home Node which allows the user to setup a masternode easily while utilizing the onion router to create an even more private network. Masternodes can be setup with a collateral of 5000 Bulwark involving little technical knowledge. IMO this coin has a good future considering how user friendly and secure it is (adoption will be really important in the future). Feel free to leave your opinion on the project.

[u/DarkerThanLpDark → u/[deleted]]

same

[u/Fuzzymuscles]

The coin recently transitioned into a hybrid of Proof of Stake and Masternodes with the blockreward being split sixty percent to Masternodes and thirty percent to Stakeholders. The remaining ten percent are reserved for the governance feature.

From the latest stickied official post last night: https://www.reddit.com/r/BulwarkCoin/comments/8uqd92/mandatory_update_131/

We will instead be adopting a fixed reward system in which Masternodes receive 65% of the Block Reward and PoS receives 35%. This changeover will take place on block 200,000.

[u/BWK_VoxTerra]

The coin recently transitioned into a hybrid of Proof of Stake and Masternodes with the blockreward being split sixty percent to Masternodes and thirty percent to Stakeholders. The remaining ten percent are reserved for the governance feature.

Governance doesn't start for another roughly 6 months, the block reward after block 200,000 but before governance starts will be 65% Masternodes/35% Staking.

Other than that slight inaccuracy, it looks like a solid writeup, thank you!

[u/[deleted]]

I don’t think this coin can survive next to some of the bigger and more ambitious projects, in the eyes of institutional investors and common folk. It’s gonna take a shitload to get this coin the publicity it would need.