Blurt is a public social blockchain with a diverse and vibrant community that strictly upholds property rights.
The Blurt blockchain is defined as social media and builds a living, breathing, and growing social economy and communities where users are getting rewarded by curators for sharing their origin content. Blurt provides a scalable blockchain protocol for publicly accessible and immutable content, along with a fast digital currency (BLURT) which enables people to earn by using their brain (A.K.A. “Proof-of-Brain”).
- Blurt contains user balances imported from Block 43526969 of the STEEM public blockchain, snapshotted on the 20th May 2020.
- Approx 15% or ~60 Million BLURT from the initial supply shall be allocated to the Blurt SocialGraph Foundation (See @initblurt / @socialgraph blockchain accounts).
- SPS DAO public fund account balance was carried over to BLURT and renamed as @blurt.dao. Initially the SocialGraph Foundation will steward this fund and gradually had it over to community control as the platform matures.
- No Downvotes
- No Stablecoin
- Transaction fees controlled by witnesses
- A regent account with a controlling stake or special weighted vote has been added to Blurt.
- The regent account can vote on Witneses and DAO Proposals.
- The regent account decays over a two-year period with 24 equal monthly reductions to zero, starting at a power equal to all blurt supply.
- The regent account does not impact:
- circulating supply
- inflation
- reward pool
- STEEM Balances
- SBD balances were converted to BLURT at the chain-reported price of $.26/STEEM from Block 43,526,969
- Usernames
- Public Keys
- Content
- Followers
- Profile Pic
- Name
- Location
- Pending Claimed Accounts
- Account Authorizations
- We adhere to Austrian Economics
- Our Currency is called BLURT
- Staked BLURT is called BLURT POWER.
- Blurt uses Graphene Delegated Proof-of-Stake Consensus (DPOS), and is looking into alternatives like Cosmos-SDK / Tenderrmint.
- 10% APR inflation narrowing to 1% APR over 20 years
- 65% of inflation to Authors/Curators.
- 15% of inflation to Stakeholders.
- 10% of inflation to Blurt Producers (Witnesses).
- 10% of inflation to Blurt DAO Fund.
Blurt enjoyed a smooth launch with large participation from witnesses on July 4, 2020.
Work currently has over 50 witnesses and a healthy user population.
Work is ongoing in the dev branch.
The snapshot-verification code can be found in the snapshot branch.
Our next milestone is Hard Fork 3