Noteworthy forks: BPX

What is BPX?

First of all, BPX is a fork based directly on the Chia blockchain. The eco-friendly, decentralized blockchain is duplicated with a protocol change. As it operates on the Chia Network code, it utilizes the energy-efficient Proof of Space and Time consensus algorithm. To farm BPX, you need unallocated disk space - you can farm forks using existing Chia plots.

Secondly, BPX is also a platform for several large, revolutionary, and useful projects - including Vayamos Exchange, Imperial Casino, Bitmarket, and Bitpost (we will come back to them). Some of them are already operational, others are in progress, and there are many more ideas to be implemented soon. It has been announced that a parallel sidechain compatible with EVM and supporting Solidity contracts will be launched by the end of the year.

BPX allows for the creation of smart coins using the Chialisp language, as well as token creation and exchange using the Offers mechanism. Currently, users can also farm on OG and NFT plots with the option to receive the full reward of 200 BPX per block - 25 BPX is received immediately, and the remaining 175 BPX must be claimed after 7 days using the ALL THE BLOCKS NFT Recovery tool (applies only to NFT plots).

Selected Advantages of BPX

• Proof of Space and Time Algorithm - if you are already familiar with Chia, you know that the PoST consensus is much less energy-consuming than traditional algorithms like PoW or PoS. At the same time, it is secure and supports network decentralization,


• SPV Wallet Support - this allows for fast synchronization without the need to download the full blockchain database,


• Versatility - on one hand, there is access to interchangeable tokens and NFTs in the BPX standard, and on the other hand, a LISP-like language is used to handle transactions with smart coins,


• Liquidity and Transparency - the project has a clear pre-farm of 20 million BPX. This reserve supports the development of the blockchain and the projects operating on it, ensuring liquidity and affecting exchange rates. Another example of transparency is the available https://chiaforkscalculator.com/bpx Calculator, which allows estimating how much can be earned from farming BPX. You just need to enter the number of plots, and the calculator will provide approximate calculations. This is a very helpful option, especially for those who are just starting with farming. However, it is essential to remember that the token price is influenced by many factors such as project development, adoption progress, halvings, market sentiment changes, etc. Therefore, when deciding to invest in a project, you need to assess the current state of the project and its growth potential in the future, rather than focusing solely on short-term profitability.


• BPX Faucet - BPX allows receiving a small amount of crypto for free (for example, to test the functionality of your wallet; small amounts can also be useful for conducting smart transactions). To do this, simply provide your wallet address on the official project website here.

Key projects on the BPX platform

1. Vayamos Exchange

Under this name, a new, efficient cryptocurrency exchange is hidden. Besides trading and tracking trends, it can serve as a basis for a cryptographic payment system for any online store.

According to the crypto idea, to access all exchange functions, there is no need to provide any sensitive personal data. Only a password and an email address are required; no additional verification is necessary. BPX ensures that such an approach will never change.

Trading itself is fast and straightforward. Vayamos Exchange significantly simplifies the process of adding new cryptographic projects - if there are no technical issues, a particular cryptocurrency can be listed entirely for free. Deposits and withdrawals are instantaneous - processed on the blockchain in less than a minute. Transaction fees are reasonable and competitive, and additionally, users can apply for discounts.

An important feature is the Vayamos Bridge - it allows wrapping any token supported by the Vayamos Exchange in its equivalent on the BPX blockchain. The wrapped version on the BPX blockchain can be held in your BPX wallet; wrapped tokens can also be traded and transferred without any fees. Wrapped BPX tokens are pegged at a 1:1 ratio to the original assets and can be exchanged back at any time. This bridge streamlines interoperability with other blockchains and provides direct access to DeFi on BPX.

2. Imperial Casino

This is the official online casino operating on the BPX network. You can try your luck on slot machines, roulette, poker, Keno, or scratch cards. Currently, only BPX tokens are supported, with plans to expand support to other cryptocurrencies. Imperial Casino is accessible both on computers and mobile devices - at any time and from anywhere in the world.

Players are attracted by access to classic slots such as Black Horse, Hot Spot, APEX, or Gaminator. BPX announces that the game and slot offering will be continuously expanded. In the near future, online poker in the Texas Hold'em variant will be introduced - of course, players will play using cryptocurrencies. Also planned is a lottery with number drawing (winners will be selected during live broadcasts), and subsequently, sports betting.

To play for real money, registration is required, although most games can be tested without this necessity. Once you decide to create an account, you only need to provide a login, password, and email address - no need to worry about privacy.

3. Bitmarket

Bitmarket is currently being developed as an international trading platform, allowing the purchase and sale of various physical products using cryptocurrencies and stablecoins. It will be open to everyone - individual users who want to sell their used phone, as well as small and large companies, manufacturers, or importers. HTML templates can be used for product descriptions.

The basic assumption is that on the Bitmarket platform, you will be able to pay with any cryptocurrency available on the Vayamos Exchange. The seller will receive payment for the product in crypto or in the FIAT currency of their choice - all thanks to the integration of the platform with the exchange and the possibility of transparent exchange.

One of BPX's goals is to create a universal and open standard for initiating cryptocurrency payments. The aim is to make the process convenient, so that users don't have to copy long strings of characters - wallet address or amount with multiple decimal places. Instead, the application will display a 6-digit code to users and ask them to enter it in the input field on the Bitmarket website (or, eventually, on other sites accepting crypto payments) and choose the preferred payment currency.

Importantly, no personal data will be required to conduct transactions, except for an email address. To ensure security and privacy, an Escrow service will be launched - the seller will not receive payment for the goods until they reach the buyer's hands.

Another key aspect is the fair transaction rating system. Both the seller and the customer will provide ratings, but they will not be able to view the other party's feedback until they leave their own. After the designated time for response, the system will automatically assign a positive rating. This will solve many issues typical of average trading platforms - for example, eliminating retaliatory negative ratings. The first usable version should be released this autumn.

4. Bitpost

Bitpost is intended to be a fully decentralized peer-to-peer parcel delivery service. Cryptocurrencies, a special exchange, and a modern payment system platform - all these innovations do not change the fact that once the order is paid for, products are sent through traditional channels. Couriers deliver packages from point A to point B slowly, without respect and protection of our privacy, often with additional fees (e.g., customs duties) and only using the FIAT payment system.

Bitpost is the largest and most ambitious BPX project. It will be a P2P network based on cryptocurrencies, connecting independent couriers, warehouses, parcel lockers, and other collection points to create global delivery routes. In simple terms, Bitpost aims to be the Uber for packages - anyone interested can download the app and earn BPX tokens as a delivery person. Without any commitments or formalities, full-time or even just a few hours a week - you can become a courier just during regular bicycle training. Who said you can't earn money from your hobby?

In the project's plan, the backbone of the entire network will be hubs - couriers will transport packages from hub to hub, where parcels will be sorted and distributed further. Bitpost will allow willing individuals to open their own hub - it will be profitable because each registered package will generate BPX tokens for the owner's account. This is an excellent option, especially for people who already have warehouses, stores, and offices and can allocate part of the used space for this purpose.

An enormous advantage of this project will be the reduced waiting time for the package. In the case of traditional mail, transports between sorting centers occur once a day - Bitpost will enable couriers to travel between hubs every few minutes. As the network grows, we may forget about long waiting times for packages and expect same-day delivery, even on Sundays, holidays, or - if the customer wishes - even in the middle of the night…

In addition, the innovative PerfectTrack system allows tracking parcels in real-time - accurate to a few meters and with insight into data such as the courier's speed and distance to the destination. To ensure user privacy, the Onion Routing feature will be available, which means that the sender will not know the recipient's data, and vice versa, while both will have access to key information needed to track the shipment. Moreover, this delivery method will not have a fixed price - as a customer, you will pay as much as you want - the more attractive the rate you propose, the faster you will receive your shipment!

Currently, we do not yet know even an approximate date for when Bitpost will be available. It is a highly advanced cryptographic project, so perfecting it will undoubtedly take some time. There is definitely a lot to look forward to.

Upcoming Changes and Great Hopes

Dealing with innovative projects like BPX naturally prompts us to check their current market capitalization. This indicator is calculated by multiplying the number of tokens of a given project by the current price of one token. You can easily check this on the website https://chiafork.space/fork/BPX - as of the date of writing this article, it is just over $62,000. The project has its exchange, a working blockchain, and many other ideas in the pipeline. It seems that the market capitalization of BPX is very small compared to what this project guarantees (currently) and promises (in the future).

The BPX team has concluded that the supply of BPX is too large, and the price of the crypto is "dramatically low." Recently, the team announced that a key update will be introduced to the BPX blockchain in early September, and it is necessary to upgrade the older version of the blockchain as soon as possible. After the update, the reward of 200 BPX for mining a block will only be maintained up to block number 1,000,000; after this limit, farmers will receive 10 times less, i.e., 20 BPX. This alone means that the supply of BPX tokens will decrease tenfold, and the team has announced further gradual reductions in rewards in subsequent years.

We can expect that such a drastic reduction in supply - combined with an increase in the utility of the BPX token - will have its effects on the exchange. In plain words, the price of the BPX token has a good chance of rising. Those who have been farming for a long time will be rewarded - just like those who currently invest in BPX - and at the same time, the team will address the burning issue of oversupply.