BHP: Global Intelligent Computing Power Network

BHP (Global Intelligent Computing Power Network) is a global intelligent computing power network that establishes an infrastructure around the computing power ecosystem based on computing power credit. BHP aims to provide foundational services for emerging computing power ecosystems, including cryptocurrency mining, gene sequencing, IPFS, and AI. It expands their application scenarios, creates an ecosystem around computing power credit, and promotes the convenient supply, access, circulation, trading, settlement, and derivative financial services of various emerging computing powers globally.

BHP Coin (BHP) is the native and utility token of the BHP public chain, used to incentivize public chain development and govern the ecosystem.

I. Project Introduction

The ongoing AI era witnesses rapid advancements in big data, cloud computing, IoT, robotics, 5G communication, and blockchain, all converging towards artificial intelligence. Intelligent agents with substantial computing power will gradually integrate into various industries.

Beyond cryptocurrency mining's hash power, new forms of computing power are emerging, including complex gene sequencing power for biomedicine, IPFS power for distributed storage, and AI power driven by big data. As demand for computing resources surges across industries, humanity faces increasing "data monopolies" and "computing resource monopolies." This trend towards centralized control of computing power poses a significant threat to society.

To combat this, BHP aims to:

• Break computing power monopolies and ensure human safety in the age of machine intelligence.

• Address the supply-demand imbalance between computing power providers and users.

• Provide a decentralized, intelligent, neutral blockchain network for managing various computing power networks.

• Integrate diverse computing power ecosystems openly and transparently.

• Introduce a novel consensus mechanism incorporating the rights of computing power holders and producers.

• Expand the computing power ecosystem using smart contracts, sidechains, and cross-chain technologies.

• Offer services like "connectivity," "circulation," and "credit" between different computing powers.

• Build a sustainable, secure, and trustworthy decentralized computing power infrastructure.

By achieving these goals, BHP strives to make the benefits of AI-era computing power accessible to everyone.

II. Project Features

• Efficient and Stable Computing Power Routing: Optimizes resource utilization, enhancing network efficiency and user experience.

• Leading Cross-Chain Service Technology: Supports a "computing power mainchain + high-performance multi-sidechain" architecture for efficient multi-asset exchange.

• Unique Quantified Computing Power Access Standard: Refines and quantifies access standards, boosting computing power supply levels.

• Blockchain-based Computing Power On-Chain: Integrates computing power ecosystems using blockchain technology and leverages smart contracts and cross-chain technology for expansion.

• Digital Asset On-Chain: Establishes a robust multi-party trust mechanism, enhancing asset trading and management efficiency.

• Fast On-Chain Digital Asset Transactions: Enables low-fee, rapid payments within the BHP network, promoting commercial adoption of digital asset payments.

III. Application Scenarios

Payment System and Ecosystem Development:

• Users can stake BTC computing power (currently) to obtain stablecoins for daily payments, benefiting from asset appreciation and broader acceptance.

• BHP's high concurrency, low fees, and high security streamline micropayments.

• BHP fosters a payment alliance with exchanges, financial institutions, and merchants through open consensus nodes, breaking down payment barriers and optimizing user experience.

Other Application Scenarios:

• Computing Power Ecosystem Services: Offers on-chain registration, traceability, circulation, and revenue distribution services for the computing power ecosystem.

• Computing Power Collateralized Lending: Enables lending and borrowing backed by computing power through cross-chain technology and smart contracts.

• Digital Asset Circulation: Provides secure and efficient online and offline payment services for stablecoins backed by computing power.

• Other Extended Financial Services

IV. Technical Overview

Computing Power Routing Model:

Real-world asset on-chain integration involves digitizing asset usage and ownership rights through verification, measurement, and the creation of a programmable digital asset. This "computing power virtualization" process involves slicing the main chain to generate new sidechains.

"Computing Power Routing" ensures transparent and trustworthy access points for real-time settlement, transfer, and withdrawal of computing power on sidechains. This mechanism enables the on-chain registration of computing power and facilitates its transfer between providers and users. Various measurable and divisible computing power forms can be tokenized within the BHP network using a multi-source heterogeneous computing power quantification model, facilitating asset confirmation, usage right transfer, and digital asset circulation.

Blockchain Technology Architecture:

• Data Layer: Employs public-private key cryptography, hash functions, chain storage, timestamps, and Merkle trees to ensure data integrity and prevent tampering.

• Network Layer: Includes P2P networking, transaction broadcasting, and verification mechanisms.

• Consensus Layer: Addresses distributed system consistency using a Proof-of-Stake (PoS) consensus mechanism.

• Incentive Layer: Combines economics and distributed computing through issuance and incentive mechanisms to encourage node participation in network maintenance and development.

• Contract Layer: Consists of a smart contract virtual machine, execution engine, consensus algorithm, and deployable contract scripts.

• Application Layer: Encapsulates various blockchain applications, including user interfaces, smart contract APIs, wallets, cross-border payment systems, and programmable finance and social applications.

Smart Sharding Network:

BHP utilizes an intelligent, load-balanced, and self-adjusting sharding technology for horizontal scaling, enhancing transaction throughput. Each shard processes different transactions concurrently, increasing network performance. Nodes are randomly assigned to shards within each cycle, validating only their assigned transactions and broadcasting results to the main chain for block finalization. Each node maintains a distributed ledger of the main chain.

Block Transaction Model:

BHP generates a block approximately every 15 seconds. A block comprises a block body containing transactions and a block header containing the previous block's hash, Merkle root hash of current transactions, timestamp, and nonce. This chain-like structure ensures chronological transaction recording.

BHP's ledger operates on the Unspent Transaction Output (UTXO) model, adhering to two rules:

1. All funds, except mining rewards, must originate from previous UTXOs.

2. Total input must equal total output for each transaction, ensuring balance and preventing double-spending.

The UTXO model ensures accurate and tamper-proof transaction recording.

Smart Contract System:

BHP features "BHPContract," a platform-agnostic smart contract execution environment. It provides an instruction set for stack operations, flow control, logic, arithmetic, cryptography, strings, and arrays. While it offers limited hardware abstraction, developers can create and expose custom virtual hardware through interfaces, enabling access to platform-specific data, storage, and internet connectivity.

BHP's smart contracts run on the high-determinism, concurrency, and scalability BhpVM. Users can create smart contracts for deposit interest, collateralized loans, commercial payments, remittances, and asset investments. Future upgrades will expand smart contract functionalities.

Cross-chain Exchange Protocol:

BHP's multi-sidechain architecture facilitates efficient multi-asset exchange through its "cross-chain asset exchange protocol" and "cross-chain distributed transaction protocol."

1. Multi-chain Atomic Asset Exchange Protocol:
   Extending upon two-way atomic swaps, this protocol enables secure and trustless multi-party asset exchange across different blockchains using smart contracts. It ensures atomicity without complex inter-chain communication.

2. Cross-chain Distributed Transaction Protocol:
   This protocol expands upon asset exchange, allowing any action to be executed across multiple blockchains while ensuring consistency. BHP leverages cross-chain smart contracts for executing different parts of a transaction on different chains, guaranteeing either complete execution or a full rollback.

V. Review

BHP's intelligent computing power network introduces a hybrid Delegated Proof-of-Stake (DPoS) consensus mechanism involving computing power holders and BHP token holders. This mechanism integrates computing power holders into the governance structure, linking computing power rights with BHP token holder rights and fostering trust within the BHP public chain. Essentially, BHP establishes a decentralized blockchain network with computing power as credit backing, powered by smart contracts.

The BHP Alliance, an independent, non-profit membership organization, aims to:

• Coordinate and provide a governance framework for the BHP network.

• Secure funding through social impact initiatives.

The alliance comprises BHP public chain validator nodes and includes diverse enterprises, non-profit organizations, multilateral institutions, and academic institutions globally.

BHP maintains an open platform, enabling any consumer, developer, or enterprise to utilize the network, build products, and enhance their services. This fosters innovation, encourages healthy competition, and ensures a low barrier to entry.

By combining these innovative features and a community-driven approach, BHP aims to establish a robust and accessible global infrastructure for the future of computing power.