If you are already familiar with the Bitbon System Roadmap, you can go straight to the Bitbon System Concept and Bitbon System Decentralization Roadmap

If you are already familiar with the Bitbon System Roadmap,
you can go straight to the Bitbon System Concept and Bitbon System Decentralization Roadmap
The Roadmap displays the creation and development of the Bitbon System from the moment of defining the fundamental concept to complete realization of the global task of the Bitbon System with launches of all of its main services in real time.

This means that this section is a constantly updated stage-by-stage plan for developing the Bitbon System that Simcord follows in order to achieve the specified goals.

You can see how many tasks we have already completed, what we are working on at the moment and what awaits the Bitbon System and all of its Users in the future.

The development of the Bitbon System occurs in three main
stages, the tasks in which are divided into three areas and assigned one of three statuses over the course of implementation.
Development stages of the Bitbon System:
2015
2016
2017
2018
2019
Stage 1 Preparation
Stage 1 Preparation
2015–2017
Stage 2 Distribution
Stage 2 Distribution
2018–2019
Stage 3 Redistribution
Stage 3 Redistribution
2018

We would like to point out that the 3rd stage has no end date, since it represents the entire process of the future development and evolution of the Bitbon System.

To make it more comprehensible and convenient when searching for the information on the development processes of the Bitbon System, we have divided all tasks of the Roadmap into three areas by marking them with the corresponding colors:

In order for you to see what has already been done by our team, what we are working on and what is planned for the future, each task will be assigned one of three statuses over the course of implementation:

Stage 1 (2015–2017) Preparation (2015–2017)

The fundamental concept and development strategy of the Bitbon System were defined

The main tasks of the Bitbon System and ways of solving them were determined, as well as the long-term development strategy of the Bitbon System and Simcord.

Vision of the Future

Bitbon System Global Task

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The main terms and definitions were formed, which became the foundation for the model of interaction of all Bitbon System Users and mechanisms ensuring the operation of the System’s components

While developing the mechanisms of the Bitbon System, we discovered that a lot of concepts were missing in the modern scientific terminology. For that reason, we decided to create our own term base.

Why are new terms used in the Bitbon System?

View the terms and definitions of the Bitbon System

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The blockchain technology was chosen for technical implementation

The distributed ledger technology (blockchain) allows not only implementing the Bitbon System at the technical level, but also starting to realize the ideas of building a new socioeconomic model based on information resources.

What is blockchain?

Substantiation of the Term “Digital Asset”: Economic and Legal Aspects

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Registration of patents, copyrights and trademarks for the key components of the Bitbon System at the international level

Registration of intellectual property objects of Simcord is one of the key priorities.

Backing of Bitbon by the asset of SIMCORD LLC

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Proceeding to the practical implementation of tasks

Preparation for the process of attracting potential Partners and investors, as well as formation of the fundamental infrastructure of the Bitbon System.

Conference “Introducing the Bitbon System”

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Stage 2 (2018–2019) Distribution (2018–2019)

Pre-sale

From March 13, 2017 until March 12, 2018, 8,352,050 bitbons were distributed by means of selling electronic Bitbon Certificates, where Simcord Advanced Marketing Solutions LLP was one of the parties to the “Agreement on Provision of Services of Distributing the Right of Access to the Bitbon System”.

Final Results of the Bitbon System Crowdsale

Agreement on Provision of Services of Distributing the Right of Access to the Bitbon System

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The methodology for the pricing of Bitbon was determined at the distribution stage

Up until October 10, 2018, the value of Bitbon was determined by a special formula and was calculated online depending on the number of purchased bitbons:

Phormula

where
S1 — base number of bitbons for the first level if 1 bitbon = 1 USD;
N — level of Bitbon pricing;
SN — number of bitbons of the N level;
S — current number of all purchased bitbons;
P — current price of bitbon;
PN — base price of the N level.

Essentially, the value of Bitbon at each price level was calculated based on the total number of bitbons purchased at all previous price levels.

In the early stages of the Bitbon System development during the increase in bitbon liquidity, the Bit Trade service provides for special temporary trading conditions with an increased commission for the sale of bitbons (at the seller’s expense) in favor of participants in affiliate programs. According to these trading conditions, the commission is set automatically following the principle: the higher the sale price of bitbon, the lower the commission is. Consequently, with the increase in the number of bitbon owners, bitbon trade circulation (liquidity) increases, its price rises and the commission decreases.

This approach is designed to provide optimal conditions for motivating Partners to attract more Users in the early stages of the Bitbon System development.

For what purpose was this method of Bitbon pricing selected during the pre-sale and crowdsale stages?

Bit Trade Buy and Sell Conditions

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Fork of the node of the Ethereum blockchain

As a result of Ethereum’s Geth hard fork, the test network achieved the performance of 1,000 transactions per second for the first time, which significantly surpassed that of the original version of Ethereum (up to 15 t/s). These indicators allowed cutting down the time to carry out transactions (from minutes to several seconds), as well as increasing the network capacity.

Why does Simcord use a separate version of the Ethereum blockchain?

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Deployment of the test blockchain network of the Bitbon System

The first test network of the private Ethereum blockchain was deployed. The research of the test network confirmed that the base technology and network topology were suitable for the private blockchain, which allowed using this architecture for further development of the blockchain network.

Assetbox storage was deployed. The performance of the network and storage of the Bitbon System were tested and, as a result, their performance and reliability were increased. The Assetbox storage was also tested for scalability with increasing amounts of data.

Processing components and storage network for trading platforms in the test network of the Bitbon System were deployed, resource and stress tests were conducted, characteristics and performance of the entire System as a whole were studied. The coordinated work of all components of the System achieved after the deployment allowed eliminating time delays and data loss when processing transactions and requests of Users. The storage network was confirmed to be ready for further interaction with new trading platforms.

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Bitbon System Public Contract coming into effect

On March 10, 2018, the Bitbon System Public Contract was published and came into effect. It is a basic constitutive agreement between SIMCORD LLC as the founder of the Bitbon System with all Bitbon System Participants. The Bitbon System Public Contract sets forth the rights and duties of all Participants arising from the management of the Bitbon System, as well as stipulates the capabilities of its Users.

Bitbon System Public Contract

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Creation of the production version of the blockchain network of the Bitbon System

In accordance with the plan for putting the Bitbon System into operation, the main network was deployed. The resource testing lasted 3 weeks, which included works on the final stage of preparing all components for the testing of functional capabilities of the System under load over an extended period of time. This confirmed that the System was ready to process the planned number of requests from Users and withstand the load on the network.

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Expansion of the blockchain network of the Bitbon System by increasing the number of nodes from 4 to 12

The performance of the blockchain network of the Bitbon System was tested, and it was expanded by adding new nodes. The geographic distribution of network nodes significantly increases the reliability of storing data in blockchain and ensures additional stability of the System as a whole.

Blockchain statistics

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Creation of a system of smart contracts of Bitbon and issue of 100,000,000 Bitbon digital asset accounting units

Creation and testing of the base set of smart contracts for recording transactions in the Bitbon System addressed the issue of security and laid the foundation for further development of the System’s functionality.

Issue of 100,000,000 Bitbon digital asset accounting units to allow Bitbon System Users to use the opportunities laid down in the Bitbon System, as well as to allow Bitbon System Participants to exercise their right to directly manage the Bitbon System in the interest of all its Users.

Additional issue of Bitbon digital asset accounting units in the Bitbon System is not possible.

Bitbon Protocol

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Creation of the Bitbon System Capitalization Fund

Out of the total number of bitbons, 70,000,000 Bitbon units were transferred to the Assetbox of the Bitbon System Capitalization Fund to be distributed through affiliated Partners.

Clause 5 of the Bitbon System Public Contract

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Launch of the Bit Trade Service with the ability to purchase bitbons under the terms of the crowdsale

The first stage of the launch of the Bit Trade service took place on March 13, 2018 with the ability to purchase bitbons and register Bitbon Certificates in the Bitbon System’s blockchain by using the tools of Bit Trade. From March 13 until October 10, 2018, the offer for the remuneration of Bitbon Promoters in the amount of 10% to 15% of the bitbon sale was in place.

Final Results of the Bitbon System Crowdsale

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Internal crowdsale

From March 13 until June 16, 2018, 12,830,554 bitbons were distributed using the network of Partners in different countries before the launch of the public crowdsale.

Final Results of the Bitbon System Crowdsale

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Launch of the Bitbon Space mobile app for Android and iOS operating systems with the access to the news of the Bitbon System

On May 16, 2018, the Bitbon Space mobile app was released for iOS and Android operating systems with the access to the news of the Bitbon System.

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The Appendix to the Bitbon System Public Contract “Terms and Definitions in the Bitbon System” was published

The Bitbon System uses a unique mechanism of interaction between its Participants and with the real sector of economy. This, in turn, requires the use of unique terminology to simplify the description and understanding of the Bitbon System processes.

Terms and definitions in the Bitbon System

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Public crowdsale

From June 17 until October 9, 2018, 5,753,157 bitbons were distributed by means of advertising campaigns and the network of Partners in different countries.

Final Results of the Bitbon System Crowdsale

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Creation of the Mining Fund

On October 9, 2018, 30,000,000 bitbons were transferred from the Bitbon System Capitalization Fund to the Mining Fund in order to develop the decentralized execution environment of the Bitbon System. Thus, taking into account the sale of bitbons at the crowdsale stages, the Bitbon System Capitalization Fund has 21,016,289 Bitbon units left to participate in Contributing.

Consensus building mining in the Bitbon System

How Bitbon System Users Interact in the Contributing Process

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Stage 3 (2018) Redistribution (started in 2018 along with the 2nd stage)

Please note that additional tasks with the “planned” status may be added to the Roadmap at the 3rd stage of the Bitbon System development.
It is due to the fact that, over the course of development and promotion of the Bitbon System, there is a need for constant adjustment of the System to the conditions of the rapidly developing modern world.
It should also be noted that there is no direct correlation between the order of the tasks with the “in progress” and “planned” statuses in the list and the order of their implementation.
Such tasks will be completed depending on their priority and will be added in chronological order with the “completed” status. We will notify you of that in the relevant news articles on the official information resources of the Bitbon System.

Launch of the Affiliate Program

On June 17, 2018, the Affiliate Program was launched on Bit Trade, the purpose of which is to help increase the number of bitbon owners as well as increase the bitbon trade circulation (liquidity) and its value. Participants in this program can receive additional income at the seller’s expense from direct sales of bitbon. Special tools, namely referral links to the Bitbon Space and Bit Trade websites, are provided to attract new Bitbon System Users. These links are placed on public web resources.

Bit Trade Buy and Sell Conditions

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The Appendix “Making Amendments and/or Additions to the Bitbon System Public Contract” was published

This Appendix determines the order and requirements for making amendments and/or additions to the Bitbon System Public Contract, as well as to the Appendices specified in Clause 12 of the Bitbon System Public Contract in order to ensure transparency of operation of the Bitbon System.

Making Amendments and/or Additions to the Bitbon System Public Contract

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Community PoS Consensus building algorithm was announced

The main objective of the Community PoS algorithm is to ensure complete decentralization of publication and verification of transaction blocks with the high level of network performance and guaranteed short interval of waiting for the confirmation of transaction completion.

Consensus Building Using the Community PoS Algorithm in the Blockchain Network of the Bitbon System

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The scientific paper “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects” was published

As part of his scientific and research activity, Alexander Kud conducted the etymological analysis of the term “digital asset” that included four approaches: economic, legal, information and value. The research was based on the need of the most precise definition of this term in the economic and legal aspects. All components of the definition of digital asset were analyzed, and the connection between them was identified and proven.

Substantiation of the Term “Digital Asset”: Economic and Legal Aspects

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The methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset” was developed and registered in scientometric bases

This methodological manual developed by Alexander Kud is the fundamental instrument for conducting the test of correspondence of characteristic indicators of any blockchain token to a digital asset.

Upon successful completion of this test, the blockchain token receives the status of a digital asset and, therefore, can be used in accordance with the International Financial Reporting Standards in the existing legal field without the need to create or introduce additional norms of regulation from governments.

The manual is intended for specialists in the fields of information and digital economies, lawyers, financial organizations and representatives of business communities.

You can view the result of completing the independent test taking the Bitbon blockchain token as an example by following the link:

Test of the Bitbon blockchain token’s correspondence to a digital asset

You can learn more about the process of determining a blockchain token’s correspondence to a digital asset, as well as read the manual itself by following the link: https://www.virtualassettest.org

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Publication of a scientific paper, the monograph “Digital Assets and Their Economic and Legal Regulation in the Light of the Blockchain Technology Development”

As part of the scientific and research activity aimed at studying the issue of complete operation of the Bitbon System in the legal field, Alexander Kud considered the matters of essence and purpose of digital assets as a fundamental economic and legal phenomenon, the emergence and application of which was possible due to the development of distributed ledger technology (blockchain) as a response to the global digitalization of the international socioeconomic system.

The substantiation of the term digital asset in the economic and legal aspects and unique features of legal regulation of digital assets allow stating the high level of their applied significance for the global community and prospects for the substantial changes that occur in the socioeconomic, political and legal fields. Taking into account the practical significance of digital assets, a special attention in the paper is paid to the methodology for testing any blockchain token’s correspondence to a digital asset.

The monograph is intended for specialists in the fields of information and digital economies, lawyers, financial organizations and representatives of business communities.

This paper is distributed for free and has two editions, one of which is extended. The monograph is available in electronic form here:

Digital Assets and Their Economic and Legal Regulation in the Light of the Blockchain Technology Development

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The Scientific and Legal Opinion “Legal Nature of the Bitbon System’s Functioning” was received

The Opinion of the National Academy of Legal Sciences of Ukraine, EDRPOU 00065028, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the scientific and legal analysis of the Bitbon System’s functioning.

Scientific and Legal Opinion “Legal Nature of the Bitbon System’s Functioning”

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The Scientific and Legal Opinion “Digital Assets as an Object of Legal Regulation” was received

The Opinion of the National Academy of Legal Sciences of Ukraine, EDRPOU 00065028, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the scientific and legal analysis of the term “digital asset” and determining whether it belongs to the category of objects of legal regulation.

Scientific and Legal Opinion “Digital Assets as an Object of Legal Regulation”

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The Scientific and Legal Opinion “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset” was received

The Opinion of the Research Center of Economic and Legal Solutions in the Area of Application of Distributed Ledger Technologies, EDRPOU 43370506, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the analysis of the Bitbon blockchain token’s correspondence to a digital asset. The research in this Opinion is based on the approach presented in the methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset”.

Test of the Bitbon blockchain token’s correspondence to a digital asset

Scientific and Legal Opinion “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset”

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Rebranding of the Bitbon Space mobile app to One Space

One Space is a socially-oriented resource of the Bitbon System that has the required functionality and set of tools that in the future will allow:

  • exchanging text messages with and calling other Users of the System, creating information channels and keeping up-to-date with the news;
  • managing and exchanging digital assets, paying for products and services with them, using the system of discounts and savings;
  • managing your accounts, as well as properly conducting business of any scale, attracting investors, finding projects for financing and participating in the development of the Bitbon System.

Download for Android

Download for iOS

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The Bitbon Protocol was updated and Simcord’s assets were expanded

The Bitbon Protocol is the foundation for the legally protected exercise of the owners’ property right to the Bitbon digital asset in accordance with all accepted international standards. It confirms that Bitbon is backed by real assets (asset of SIMCORD LLC) and allows classifying Bitbon as an intangible asset in accounting in accordance with the International Financial Reporting Standards 38 “Intangible Assets” and, therefore, allows using Bitbon in the current international legal field.

Bitbon Protocol

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Entering the Bitbon digital asset in the balance sheet of an enterprise as an intangible asset

From the moment of publication of the updated Bitbon Protocol that confirms the legal nature of the Bitbon blockchain token backed by the asset of SIMCORD LLC, the ability of representing Bitbon in accounting (financial) reports as an intangible asset is confirmed for the use by natural persons and business entities.

Bitbon Protocol

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The ability to register own Space ID is available

In the early development stages of the Bitbon System, Bit Trade is temporarily performing the functions of the registrar of Space IDs of Bitbon System Users. This means that each account on Bit Trade is automatically assigned a Space ID, which the User will be able to use to get access to his/her account in the Bitbon System in the future.

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Global update of the Bitbon Space website

With this update, Bitbon Space received not only a modern design and user interface, but also an advanced technical and information architecture for proper implementation of the functionality built in the Bitbon System.

By means of the published materials, the updated Bitbon Space will allow for a better understanding of the principles and mechanisms of interaction of Bitbon System Users with the real sector of economy on the new market of information resources, products and services based on distributed ledger technologies.

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Replacement of the Ethereum PoW consensus algorithm with Community PoS algorithm developed by Simcord

At this stage, the Community PoS algorithm was used with a representative set of Assetboxes to ensure the operation of Community PoS until the launch of Consensus building mining in the Bitbon System. The main objective of Community PoS is to provide complete decentralization of announcement and verification of transaction blocks with high network performance and short guaranteed transaction confirmation delay.

With the launch of the new algorithm, the power consumption of servicing tokens of the Bitbon System decreased, while the transaction processing speed increased to 5,000 per second, which brought the effectiveness of the Bitbon System’s blockchain to the transaction processing speed of global financial networks, such as Visa and Mastercard.

Consensus Building Using the Community PoS Algorithm in the Blockchain Network of the Bitbon System

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Expansion of the blockchain network of the Bitbon System by increasing the number of nodes from 12 to 20

On February 3, 2020, the blockchain network of the Bitbon System was expanded, and the number of its nodes was increased from 12 to 20 in 6 different locations. Therefore, the nodes of the Bitbon System’s network are now also located in Poland (Wrocław) and Germany (Saarbrücken).

Additional information

Blockchain statistics

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Publication of the Appendix to the Bitbon System Public Contract “Mining in the Bitbon System”

This Appendix determines the fundamental principles and the order of implementing mining in the Bitbon System, specifies the status of a Bitbon System Miner, as well as regulates his/her rights and duties in order to ensure support and development of the decentralized execution environment of the Bitbon System.

Mining in the Bitbon System

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System of remuneration for Consensus building mining

The development of a concept that will ensure transparent, rational and beneficial distribution of remuneration to the Bitbon System Users for participation in Consensus building mining.

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Software updates for the nodes of the Bitbon System’s blockchain and system of smart contracts

This update increased the reliability, fault-tolerance and security of the transfer system, as well as trust in digital assets and decentralized execution environment of the Bitbon System as a whole.

New ways of carrying out transfers at the node level were implemented, which will ensure the connection of Users to mining pools and distribution of remuneration for Consensus building mining in the Bitbon System.

Additional information

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Launch of the 1st stage of Consensus building mining in the Bitbon System

Consensus building mining in the Bitbon System is a completely new way of mining in the world practice of using the blockchain technology. The innovative approach in using the community of the Bitbon System ensures an exceptional level of trust in digital assets of the Bitbon System and the Bitbon System as a whole.

Consensus building mining is provided for in Clause 61 of the Bitbon System Public Contract and is an operating mechanism for maintaining the decentralized execution of the Bitbon System, as well as a legal and accessible source of additional income for the Bitbon System Participants for using their resource in the form of Bitbon when signing transaction blocks.

This mining method uses the Community PoS algorithm, which ensures complete decentralization of announcement and verification of transaction blocks with high network performance and short guaranteed transaction confirmation delay.

All about Community PoS Mining

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Launch of the 1st stage of Infrastructure building mining

The 1st stage is characterized by the start of operation of the Community PoS algorithm in providing the infrastructure of the Bitbon System. Thus, Infrastructure building mining of the Bitbon System is carried out by the sole Bitbon System Operator independently until the full implementation of the Simcord blockchain with the ability to connect their nodes by other Users.

According to Clause 66 of the Bitbon System Public Contract, the Bitbon System is currently developing under the terms of the transition period, which means that the Bitbon System Participants empower Simcord to solely perform the duties of the Bitbon System Operator.

Thus, until the community of the Bitbon System is able to fully provide its infrastructure, Simcord undertakes to independently carry out Infrastructure building mining using its own technical and intellectual resources to expand and support the Bitbon System blockchain node network.

Please note that the remuneration for Consensus building mining and Infrastructure building mining will be distributed from the Mining Fund in equal parts. This means that the total remuneration of all participants in Consensus building mining will be equal to that of the participants in Infrastructure building mining.

Therefore, Simcord as the only current participant in Infrastructure building mining will receive remuneration equal to the total remuneration of all participants in Consensus building mining. Simcord will use this remuneration as the Bitbon System Participant, including for creating and implementing innovative solutions, as well as supporting, updating and developing the intellectual software and hardware infrastructure of the Bitbon System.

Please note that at the 2nd stage of the launch of Infrastructure building mining with the option for Users to engage their own nodes, the remuneration from the Mining Fund will be distributed among all participants in this mining (including Simcord), taking into account the quality of all the resources involved in accordance with Clause 61 of the Bitbon System Public Contract.

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Publication of source codes for the software of the Bitbon System’s blockchain network node in Simcord’s GitHub repository

In accordance with Clause 51 of the Bitbon System Public Contract and following the principle of openness and transparency of its activities, Simcord as the first Bitbon System Operator provided the software algorithms of the Bitbon System’s blockchain network node in Simcord’s GitHub repository for an open audit.

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In progress:

Launch of the One Space website

One Space is a social resource of the Bitbon System ensuring, first of all, organization and interaction between the Bitbon System Users when any types of activities stipulated by the Bitbon System Public Contract are conducted.

One Space is intended for managing values using digital assets, as well as for participating in the development of business ideas, searching for business projects funding, communicating with friends, colleagues and partners in chats and public channels.

One Space

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Accounts for businesses and Bitup-Agencies in the Bitbon System

Special accounts for Users interested in the use of services and digital assets of the Bitbon System to start and develop their businesses on the new emerging market of information resources, products and services based on distributed ledger technologies.

In progress
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Expansion of the blockchain network of the Bitbon System by increasing the number of nodes from 20 to 33

The number of nodes of the blockchain network of the Bitbon System will be increased by 13 and will amount to 33 nodes. Such actions not only contribute to technical decentralization, but also increase the performance and fault-tolerance of the System as a whole, which, in turn, provides new opportunities to develop the decentralized infrastructure of the Bitbon System more actively.

В разработке
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Launch of Bonpay

Bitbon System Users will be able to transfer bitbons between Assetboxes using QR codes through Bonpay. This service also provides an opportunity to pay for products and services with bitbons.

In progress
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Implementation of the service for managing digital assets using One Space

The ability to create, manage and keep accounting of digital assets is one of the key services of One Space. Thus, upon implementation of this functionality, the Bitbon System Users will get an easy-to-use and intuitive interface that will allow them to instantly transfer Bitbons worldwide without intermediaries and view reports on digital asset transactions with the highest level of protection against an unauthorized third-party access.

In progress
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Launch of Safebox as a component of a decentralized exchange

Bitbon System Participants will be able to create a separate cell (Safebox) in the blockchain to confidentially and safely store their bitbons and send them in full to another User in accordance with the conditions established by a Safebox owner.

Additional information

In progress
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Application Programming Interface (API)

The development of a complex of software solutions that allow integrating the services and components of the Bitbon System into Partners’ information resources for mutually beneficial cooperation using digital assets of the Bitbon System.

In progress
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Listing of Bitbon on various exchanges and services

The works are currently being conducted to allow exchanging bitbons for other digital instruments and currencies on various exchanges and services after their authorization.

Names of such exchanges and services as well as links to their websites will be published in a special section of the Bitbon Space resource. The list of exchanges and services on the page will be built according to random rotation algorithms, regardless of their functionalities, to ensure equal conditions for all exchange services that offer the Bitbon digital asset.

Cooperation offer
List of authorized exchanges and services

In progress
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Creation of a test network to ensure seamless integration of third-party services into the Bitbon System

A special test network will allow developers to create and check their integration systems in test environment for subsequent launch in the main network of the Bitbon System.

В разработке
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Ability to deploy nodes of the blockchain network of the Bitbon System by Participants authorized by Simcord

Allowing authorized exchanges and Bitup-Agencies to connect their own nodes to the blockchain network of the Bitbon System and read all recorded transactions in real time.

В разработке
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Comprehensive software update of blockchain network nodes, modules and components of the Bitbon System

This update includes preparation and testing of software before the scaling of the blockchain network of the Bitbon System using solutions for sharding.

В разработке
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Scaling of the blockchain network of the Bitbon System using sharding

Implementation of functionality to split the transaction flow in the Bitbon System among various interconnected network segments, which will provide a significant increase in the overall blockchain network capacity.

В разработке
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Decentralized storage of documents

The use of sharding will allow organizing a reliable and high-capacity system for decentralized storage of verified documents that can be used by the services integrated into the Bitbon System.

В разработке
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Launch of Bon Exchange

Bon Exchange is a completely decentralized integrated service that will allow Bitbon System Users to securely and equally exchange digital assets without intermediaries based on the decentralized execution environment of the Bitbon System.

In progress
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Launch of the Indices and Quotes service

This service will provide the structured statistical information on indices and quotes of the Bitbon System digital assets in real time.

In progress
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Launch of the Registers service

This service will allow receiving information on all digital assets registered in the Bitbon System in real time.

In progress
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Ability of Bitbon System Participants to install and launch the software of the node of the Bitbon System’s blockchain network on their personal computers

This software will provide full access to public data of the distributed ledger and methods of smart contracts.

В разработке
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Publication of the Appendix to the Bitbon System Public Contract “Digital Asset Protocols in the Bitbon System”

The Appendix will contain a set of templates and detailed instructions necessary for the Bitbon System Users to create their digital assets.

In progress
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Publication of the Appendix to the Bitbon System Public Contract “Rules of Transferring Digital Assets in the Bitbon System”

The Appendix will contain rules and conditions for transferring digital assets by the Bitbon System Users between Assetboxes using interface solutions for digital asset management implemented in the Bitbon System.

In progress
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Publication of the Appendix to the Bitbon System Public Contract “Transaction Commissions in the Bitbon System”

The Appendix will contain the rules for determining the commission for transferring digital assets and using service tokens in the Bitbon System, as well as the conditions for its distribution.

In progress
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Publication of the book “Bitbon System. Vision of the Future”

The book will reveal the potential of using digital assets in the Bitbon System on a global scale and in certain examples, i.e. business and everyday life. The ways of application of digital assets as accounting units for the value of products and services in accounting, investment, logistics and other fields will be considered as well.

In progress
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Publication of the book “Digital Asset as a New Way of Regulating Legal Relations Based on the Blockchain Technology”

This book will cover the role of digital assets in the process of transformation of socioeconomic relations in the age of blockchain-based information platforms. The author will describe the aspects of the digital asset phenomenon, as well as a new concept of the model of legal relations with an independent regulatory authority. The reader will learn about the types of digital assets, the possibility of building trust-based relations, the principle of equality in legal relations based on the blockchain technology as well as about a new way of recording the performance of obligations, registering, protecting and acknowledging the rights.

In progress
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Planned:

Ability of Bitup-Agencies and Bitbon System Operators to verify Users

Allowing Bitbon System Users in the statuses of a Bitup-Agency or a Bitbon System Operator to verify Users in order to assign a certain certificate to an account in the Bitbon System.

Planned
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Launch of the 1st stage of implementing the model of decentralized management of the Bitbon System

At this stage, the base model of interaction of Bitbon System Operators and Bitup-Agencies with state organizations and Bitbon System Users as a whole will be implemented.

Planned
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Creation of private segments of the blockchain network of the Bitbon System

The ability to create private segments of the Bitbon System’s network to be used in the infrastructure of various organizations and groups ensuring the verification of resources and assets of private segments in public segments of the Bitbon System.

Planned
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Launch of the service for creating digital assets

Planned

Launch of the service for creating service tokens

Planned

Launch of the “Bitbon System Capitalization” service

Planned

Business Bon Protocol

Planned

Currency Bon Protocol

Planned

Property Bon Protocol

Planned

Non-Property Bon Protocol

Planned

Commodity Bon Protocol

Planned

Proprietary Bon Protocol

Planned

Launch of the messenger with the ability to perform calls and create chats based on One Space

Planned

Creation of public channels with special abilities based on One Space to form a social network of a new generation

Planned

Connection of merchants and outlets

Planned

Launch of the system for preparing and licensing Bitup-Agencies

Planned

First Projectbon Protocols (start of interaction with the real sector of economy)

Planned

Launch of a special website service for testing a blockchain token’s correspondence to a digital asset

Planned

Launch of the 2nd stage of Consensus building mining in the Bitbon System

At this stage, Bitbon System Participants will be able to install and launch the software of the block producer node of the blockchain network of the Bitbon System on their resources to participate in creating transaction blocks.

Planned
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Launch of the 2nd stage of Bitbon System Infrastructure building mining

This stage implies the ability to participate in Infrastructure building mining with distribution of Bitbon digital asset accounting units from the Mining Fund among miners based on the amount and quality of resources of each Bitbon System Miner individually. The level of participation of each miner in redistribution of Bitbon accounting units will depend on technical properties and characteristics of the resources provided by the miner, including the quality and speed of the Internet channel, CPU time and the amount of memory for long-term data storage.

Planned
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Decentralized storage of all information on Bitbon System accounts in the blockchain network of the Bitbon System

Information on accounts will be stored in fragments and encrypted, in several closed segments (subnetworks), which will provide security and reliability of its storage. Access to this information will be determined by the rules of the Bitbon System, credentials and corresponding certificates of Users’ accounts. Therefore, only authorized Users with permission from the owner of the information will be able to access it.

Planned
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Decentralized storage of information resources and digital asset protocols in the blockchain network of the Bitbon System

All information resources created by Bitbon System Users will be encrypted in distributed stores on the System’s nodes. Decentralized storage will provide high reliability and accessibility of information and create the foundation for subsequent steps towards decentralization of the Bitbon System.

Planned
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Transition of the Bitbon System’s infrastructure from the private Ethereum blockchain to the public Simcord blockchain

Planned

Localization of the official information resources of the Bitbon System in 12 languages

Planned

Integration of trading networks into the Bitbon System

Planned

Launch of the global discount system based on the Bonpay service that would unite various fields of business into one global system of discounts and savings

Planned

Ability to participate in various business projects through Projectbon using One Space

Planned

Evolution of the network (nodes) of the Bitbon System into an autonomous and decentralized structure

Planned

Uniting all Bitbon System Users into one business oriented network of a new generation

Planned

A single account that stores personal data in the decentralized environment with the ability to synchronize with all third-party services that support the Space ID standard

Planned

Launch of social saving programs in order to ensure the proper quality of life

Planned

Creation of a single global system for purchasing and selling products and services based on Simcord blockchain

Planned

Global update of the hardware and software complex of the Bitbon System’s infrastructure

This update will significantly expand the functionality of the execution environment of the Bitbon System, which will allow the community to develop own modules of the Bitbon System, as well as expand the data exchange protocol in the blockchain network of the Bitbon System.

Planned
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Launch of the 3rd stage of Bitbon System Infrastructure building mining

The implementation of decentralized storage and processing of big amounts of information by integrating the tools for scaling the Bitbon System using computing resources of the community of Bitbon System Users and automatic distribution of the load to these resources.

Planned
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Ability to host specialized components on own resources and to create stores of local data

Launch of a set of tools to create private segments in the blockchain network in the infrastructure of the Bitbon System with the ability to exchange data and transactions with other nodes and segments of the network, as well as geographically localized segments and distributed stores for flexible management of data and transaction flows.

Planned
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Launch of the 2nd stage of implementation of the model of decentralized management of the Bitbon System

At this stage, the voting procedure will be implemented, using which Bitbon System Participants will be able to make decisions on the priorities of the System’s development.

Planned
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Complete decentralization of the Bitbon System

Transition of the Bitbon System to fully decentralized management only by Bitbon System Participants in accordance with Clause 67 of the Bitbon System Public Contract.

Bitbon System Public Contract

Planned
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Publication of the Appendix to the Bitbon System Public Contract “Service Token or Digital Asset (Access Token) Creation Process in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Code of Ethics of the Bitbon System Decentralized Autonomous Community”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Service Token Protocols in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Properties and Attributes of Service Tokens in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Decentralized Exchange of Digital Assets in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Using Service Tokens in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Legal Nature of the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Management”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Capitalization Fund”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitup-Agency’s Functions in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Contributing”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Operator”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Use of Digital Assets for Mutual Settlements for Goods, Works and Services in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Resolving Disputes Between Bitbon System Users”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Resolving Issues of Digital Asset Inheritance in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Account”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Anti-Money Laundering Policy”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Privacy Policy in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Policy of Rights and Freedoms of Bitbon System Users”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Properties and Attributes of Digital Assets in the Bitbon System”

Planned
Please note that, in accordance with the plan described above, some components of the Bitbon System are still being developed or prepared for launch, but bitbon owners can already use the existing services. We recommend you to purchase bitbons and join the community.
If you are already familiar with the Bitbon System Roadmap,
you can go straight to the Bitbon System Concept and Bitbon System Decentralization Roadmap