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button_Mi9A menuButton__JVe"><svg xmlns="http://www.w3.org/2000/svg" width="30" height="30" viewBox="0 0 30 30" role="img" focusable="false"><title>Menu</title><path stroke="currentColor" stroke-linecap="round" stroke-miterlimit="10" stroke-width="2" d="M4 7h22M4 15h22M4 23h22"></path></svg></button></div></nav><div class="main-wrapper"><div class="docPage_1jis"><div class="docSidebarContainer_1kjN" role="complementary"><div class="sidebar_2urC"><div class="menu menu--responsive menu_5FrY"><button aria-label="Open Menu" aria-haspopup="true" class="button button--secondary button--sm menu__button" type="button"><svg aria-label="Menu" class="sidebarMenuIcon_Dm3K" xmlns="http://www.w3.org/2000/svg" height="24" width="24" viewBox="0 0 32 32" role="img" focusable="false"><title>Menu</title><path stroke="currentColor" stroke-linecap="round" stroke-miterlimit="10" stroke-width="2" d="M4 7h22M4 15h22M4 23h22"></path></svg></button><ul class="menu__list"><li class="menu__list-item"><a aria-current="page" class="menu__link menu__link--active active" href="/docs/whitepaper/1_introduction">Introduction</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/2_networking">Networking</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/3_storage">Storage</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/4_mining">Mining</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/5_account">Account Creation</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/6_transaction">Transaction Creation</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/7_consensus_verification">Verification and Consensus</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/8_next">Next Steps</a></li><li class="menu__list-item"><a class="menu__link" href="/docs/whitepaper/9_appendix">Appendix</a></li></ul></div></div></div><main class="docMainContainer_3j_A"><div class="container padding-vert--lg docItemWrapper_1Hme"><div class="row"><div class="col docItemCol_2AGf"><div class="docItemContainer_1tAC"><article><header><h1 class="docTitle_cWlf">Introduction</h1></header><div class="markdown"><img src="/img/whitepaper/introduction.png" width="100%" role="presentation"><h2><a aria-hidden="true" tabindex="-1" class="anchor enhancedAnchor_2cZh" id="abstract"></a>Abstract<a aria-hidden="true" tabindex="-1" class="hash-link" href="#abstract" title="Direct link to heading">#</a></h2><p>Bitcoin Inu is a decentralized, proof-of-work (PoW) based, censorship-resistant, and publicly accessible blockchain project. It is designed to support strong privacy guarantees on every transaction. Similarly to how the invention of the SSL/TLS layer in the '90s paved the way to e-commerce and benefited countless industries, we believe that privacy is a fundamental requirement to protect the user and expand the use of cryptocurrency.</p><p>We have designed Bitcoin Inu to be a new cryptocurrency from the ground up to enable easy-to-use, fully-private payments by closely following the <a href="https://github.com/zcash/zips/blob/master/protocol/sapling.pdf" target="_blank" rel="noopener noreferrer">Sapling protocol</a>. Every account is equipped with a view key to grant its holder read-only permission for the details of that account.</p><p>With this protocol, we are challenging previous patterns of full node usability. The Bitcoin Inu networking layer supports WebRTC with WebSockets, making it trivial for all users to make a true P2P connection with no other setup requirements. Our first Bitcoin Inu implementation is built such that it can be extended to run a full node directly in the browser in future iterations. And our focus is to lower the barrier to entry so that any person with a computer feels comfortable enough to run a full node.</p><h2><a aria-hidden="true" tabindex="-1" class="anchor enhancedAnchor_2cZh" id="introduction"></a>Introduction<a aria-hidden="true" tabindex="-1" class="hash-link" href="#introduction" title="Direct link to heading">#</a></h2><p>Privacy is controversial, but it shouldn’t be. In fact, privacy leads to innovation — social evolution through changing laws, and the freedom to simply be you. Take doors on houses or passwords for bank accounts, both of which are precautions most people take even though they might say they have nothing to hide.</p><p>At Bitcoin Inu, we are building something we’re truly proud of: a cryptocurrency that does not compromise on privacy or accessibility. Digital cash that embodies using privacy for good. We are all moving towards becoming fully digital global citizens where our every activity and purchase is carefully logged, analyzed and sold. In this world, privacy is more important than ever and has growing demand worldwide.</p><p>Popular cryptocurrencies like Bitcoin, Ethereum, and others are the least private way of transacting — their protocols fundamentally work on complete transparency to verify transactions. Though other privacy coins exist, they all either lack the privacy guarantees they’ve promised or are so hard to use they barely have any real usage (and oftentimes both).</p><p>There is huge untapped potential here — but only if users feel truly protected by their cryptocurrency, and are able to access it. Just like the introduction of SSL/TLS in the '90s opened up the floodgates to e-commerce (the predecessors of HTTPS), we believe that an accessible privacy coin will lead to a new class of industries of borderless products and companies.</p><p>In this paper, we cover how Bitcoin Inu works, and why we’ve built it this way. While we endeavor to explain things as much as possible and go over all relevant terminology, some parts will require a basic understanding of elliptic curve cryptography.</p><h2><a aria-hidden="true" tabindex="-1" class="anchor enhancedAnchor_2cZh" id="organization-of-this-paper"></a>Organization of this paper<a aria-hidden="true" tabindex="-1" class="hash-link" href="#organization-of-this-paper" title="Direct link to heading">#</a></h2><p>All blockchains, regardless of their feature sets, have six main ingredients: the networking layer, storage layer, mining (or mechanism of block creation), account creation, transaction creation, and consensus (the rules for accepting new blocks). We go over each of these ingredients, as follows:</p><ul><li><a href="/docs/whitepaper/2_networking">Networking</a>
This section goes over the basic networking stack, startup sequence, message types, and gossip protocol implementation.</li><li><a href="/docs/whitepaper/3_storage">Storage</a>
The Storage section familiarizes the reader with the main data structures and models for Bitcoin Inu, as well our first implementation of how the storage layer is accessible in both the CLI and browser full node implementation.</li><li><a href="/docs/whitepaper/4_mining">Mining</a>
The Mining section describes how new blocks are constructed containing the necessary randomness for proof of work (PoW), as well the miners reward calculation.</li><li><a href="/docs/whitepaper/5_account">Account Creation</a>
The Accounts Creation section describes how Bitcoin Inu accounts are created following the Sapling protocol and breaks down the uses of all the necessary key components for an account.</li><li><a href="/docs/whitepaper/6_transaction">Transaction Creation</a>
Bitcoin Inu transactions also closely follow the Sapling protocol, and this section goes over exactly where and how zero-knowledge proofs are applied, how transaction fees are included, and how to balance and validate any existing transaction.</li><li><a href="/docs/whitepaper/7_consensus_verification">Verification and Consensus</a>
Finally, the last section ties everything together by outlining the rules for how new blocks containing user transactions are accepted.</li></ul></div></article><div class="margin-vert--lg"><nav class="pagination-nav" aria-label="Blog list page navigation"><div class="pagination-nav__item"></div><div class="pagination-nav__item pagination-nav__item--next"><a class="pagination-nav__link" href="/docs/whitepaper/2_networking"><div class="pagination-nav__sublabel">Next</div><div class="pagination-nav__label">Networking »</div></a></div></nav></div></div></div><div class="col col--3"><div class="tableOfContents_1R02"><ul class="table-of-contents table-of-contents__left-border"><li><a href="#abstract" class="table-of-contents__link">Abstract</a></li><li><a href="#introduction" class="table-of-contents__link">Introduction</a></li><li><a href="#organization-of-this-paper" class="table-of-contents__link">Organization of this paper</a></li></ul></div></div></div></div></main></div></div><footer class="footer_mib0"><div class="root_8AMa"><div class="container_2n1C"><div class="about_ppTs"><a href="https://www.btcinu.xyz" target="_blank" rel="noopener noreferrer"><img src="/img/logo.svg" alt="Bitcoin Inu index" width="165" height="18" role="presentation"></a><p>Bitcoin Inu is a novel cryptocurrency focused on privacy and accessibility</p></div><div class="linksBlock_Td0z"><p>Company</p><ul><li><a href="/about/">About Us</a></li><li><a href="/careers/">Careers</a></li><li><a href="/blog/">Blog</a></li><li><a href="/docs/privacy/">Privacy Policy</a></li></ul></div><div class="linksBlock_Td0z"><p>Product</p><ul><li><a href="https://explorer.btcinu.xyz/" target="_blank" rel="noopener noreferrer">Block Explorer</a></li><li><a href="/docs/whitepaper/1_introduction">Whitepaper</a></li><li><a href="/faq/">FAQ</a></li><li><a target="_blank" download="" href="/img/iron_fish.zip">Brand Assets</a></li></ul></div><a href="mailto:contact@btcinu.xyz"><button variant="outlined" class="button_J3zf button button--outline">Drop us a line!</button></a></div><div class="contact_1v-f"><p>Copyright 2022 Bitcoin Inu. All rights reserved.</p><div class="links_27D8"><a href="https://t.me/btcinucryptochat"><img src="/img/footer/telegram.svg" width="14" height="16" alt="Telegram"></a><a href="https://github.com/iron-fish"><img src="/img/footer/github.svg" width="16" height="16" alt="Github"></a><a href="http://reddit.com/r/btcinu"><img src="/img/footer/reddit.svg" width="17" height="16" alt="Reddit"></a><a href="https://twitter.com/btcinucrypto"><img src="/img/footer/twitter.svg" width="17" height="16" alt="Twitter"></a><a href="https://discord.gg/EkQkEcm8DH"><img src="/img/footer/discord.svg" width="15" height="16" alt="Discord"></a></div></div></div></footer></div>
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