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 is being converted to a monorepo, with the goal of distributing Blurt as a Mac, Windows, and Linux electron app (think like Slack, which is actually just chrome running a webapp). At that time, blurt will be entirely freed from the cloud, and even the tyranny of the current DNS system. Anyone with sufficient access to the internet, will be able to use blurt.
As discussed previously, the graphene codebase Blurt is based on shows its age. 569 is a network of chains that share a common code base, and many of them will have their genesis state seeded based on staked Blurt. The first of these 569 projects is called splash and it will launch ASAP (tm). The first snapshot of accounts will be taken February 28, 2021. Accounts are migrated at the sole discretion of the Blurt foundation.
- 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