All free content of blockchain BMCHAIN accessible via a dedicated client for all users and readers. Because the very essence of the distributed registry allows anyone to see all transactions inside, some content will be encrypted with user keys with the special access provided by the user. The following definitions are used for these rules:
User - person registered on the platform who accepted the terms of confidentiality.
Reader - an unregistered member of the platform, who can only read an open content.
Token BMT ERC20 - tokens of format ERC20 on the basis of the Ethereum blockchain, which were issued during the ICO and are traded on cryptoexchanges.
BMT tokens - a private tokens of blockchain BMCHAIN used to reward users for posting content.
Content - the information saved in the BMCHAIN blockchain directly or through the Client, uploaded by the platform Users.
Reputation - a special indicator for each user, which allows you to determine the amount of useful content posted by the user and is used to determine the share of remuneration in the total pool of rewards.
Platform - the BMCHAIN blockchain and special software for access to its functions: saving and reading the content, operations with BMT tokens, creation of own tokens, etc.
Own tokens - a digital tokens created by the user on the basis of the BMCHAIN blockchain.
The main private key - a set of characters from which all the main private keys can be calculated: posting, active, owner. Is used as a password to log in through the BMCHAIN client.
Posting key - a special key that allows you to publish content (posts, comments, etc.) by the user account. Other operations on the account for this key are not available. Used to send commands directly, without a BMCHAIN client.
Active key - a special key with a broader functionality. With this key most of the operations on the user account are available except for the change of keys. It can be used to avoid a disclosing for your private key. Used to send commands directly, without a BMCHAIN client.
Owner key - a special key, using it all the functionality of the BMCHAIN platform: content download, operations with BMT tokens, private messages, etc are available. Used to send commands directly, without a BMCHAIN client.
Memo key is a special key that is not currently in use and is reserved for adding new functions. Used to send commands directly, without a BMCHAIN client.
BMCHAIN Client - a specific software for easier access to the contents of the blockchain BMCHAIN and a its functionality available for users like saving the content, creation of tokens and so on.
The BMCHAIN blockchain - a distributed registry that stores user content, information about the issue of BMT tokens and their transactions between users, other data that can be added with the client or directly.
By default, unregistered users can only read content. In order to post content, create tokens and use other features of the platform, the reader must complete the registration process.
Creating a user on the platform is paid due to the essence of the blockchain system and any user can create a new account for 10 BMT tokens. Free registration is available through the registration form in the BMCHAIN client by passing the verification procedure (by email) and the payment in this case is made from the account of our team.
The verified user must come up with a login to log in to the client. Login must contain only lowercase latin characters and numbers. Capital letters and special characters are not allowed.
The private key is generated once in the client directly on the User's computer. ATTENTION! This means this private key is not sent to the BMCHAIN server and after logging out of the registration form it will not be known by anyone except the user. SAVE YOUR PRIVATE KEY BEFORE COMPLETING REGISTRATION! Private key recovery is not possible.
The user can change his private key at any time on the “Wallet” tab in the personal account. However, after changing the key, the next change will be available only after a certain period of time. After changing the private key your access to all purchased paid articles and the history of correspondence through private messages will be lost, because they were encrypted with the old private key. If necessary, access can be restored within 30 days after the change of the private key, if the old private key is preserved.
Categories are used to structure content on the platform. The number of categories is limited and is based on the main theme of the platform. For user suggestions for improvement of the platform it is possible to write to the official BMCHAIN team contacts or use the special category BMCHAIN to promote your ideas to the whole community and start discussion.
Setting the category is required for each post.
Special tags are used to further structure the content on the platform.
Tags are not required for each post.
At the start in order to control invalid content, BMCHAIN team as a user with a high reputation index will independently flag certain content, namely in the following cases of prohibited by the legislation of the Russian Federation content placement, in particular (but not limited to):
- calls for terrorist activities or publicly justifying terrorism;
- promoting pornography;
- ways to commit suicide, incitement to suicide;
- distribution of drugs, methods of production and use, inducement to use, positive experience of drug use, as well as distribution of prescription drugs prohibited for open circulation;
- instructions for the creation, purchase or sale of prohibited substances, weapons, explosives;
- obscene content, dismemberment, dead mutilated human bodies, as well as a naturalistic depiction of torture and murder close - up, cruelty to animals;
- content included in the Federal register of prohibited and extremist materials.
The BMCHAIN team does not aim to determine the usefulness of the content for the community or otherwise control the content posted, because the value of each article that does not match the category of prohibited materials by the Russian laws will be determined only by users of the platform by likes and flags. The strength of each like and flag is determined by the reputation of the user who puts his assessment for the post.
When adding your content, we recommend users to avoid spam (mass publishing of commercial content), especially in private messages, flooding (mass publishing of monotonous or meaningless content, content not related to the main topic of the post or category) and insulting to other users.
Reputation and likes
Reputation is the main indicator in determining the user's share in the distributed pool of awards, the strength of the like or flag, and directly affects how many tokens BMT/reputation will earn the account, how much the reward for the author's post from the user's like or how much the importance the article will loose with user's flag. Thus, control over the quality of content and its usefulness on the platform is carried out by the users themselves.
In addition, reputation can be delegated to another user, so another user can receive a higher reward for useful posts on the platform. In this case the reputation will be removed from the account that delegates it, and will be added to the account to which the first wants to delegate it. The second account will be able to get all the benefits from the reputation, but can not delegate it to another user.
Delegated reputation can be removed, this process takes 7 days.
Each like received for an article increases the level of remuneration received by the author of the article, depending on the reputation of the author and the user who put the like. In the same way, the reward is affected by user flags, which reduce the reward in this case. In addition, an article with a negative rating of likes and flags will not published into the post feed, including individual categories, except for the “New” feed.
Separate user's posts could be supplemented with a special field that will be encrypted with the user's private key and will not be available to other users either through the BMCHAIN client or by direct access to the BMCHAIN blockchain. Each user has the right to independently set the cost of disclosure of this content to other users, and decryption will be made only to the user who will make a payment in BMT tokens.
Two private keys will be used to decrypt the content - the author's of the content one and the user's who bought it one. That is, to complete the transaction, the author will have to confirm the sale of the content to the buyer, and only after that the content will be available for reading and from the buyer's wallet BMT tokens will be sent to the author's wallet.
Users can exchange private messages with each other, which can be read only using the private keys of the interlocutors. This means that even directly from the blockchain messages can not be read, unless you have a private key of one of the participants in the conversation.
Operations with BMT tokens
For publishing posts and comments in the BMCHAIN blockchain, each user will receive a share of the pool of rewards in BMT tokens. Exception is made for a special paid posts, the remuneration for which is set by the author himself and paid by other users of the platform.
BMT tokens will be issued by the BMCHAIN blockchain to pay rewards to users. These tokens are used only within the BMCHAIN platform and are not intended for any other purpose, including trading on cryptoexchanges or other exchanges.
Each user of the platform BMCHAIN is the rightful owner of the token BMT in his wallet. Tokens are managed and moved exclusively by the user's private key. All operations with tokens are carried out by the user independently, with full responsibility, including the errors in the transfer, loss of access to BMT tokens in case of compromise of the user's private key.
All transactions with BMT tokens must be confirmed by the user's private key.
Creating your own token
With the BMCHAIN platform, each user will be able to create a separate token inside the BMCHAIN blockchain. After creating the token, it can be freely moved to any user and will be available in his wallet. This token cannot be additionally issued after creation and will not be charged as a reward for user's content. Each user is personally responsible for the created token and its distribution among the users of the platform, and for all operations that the user performs with the token in his account. The user's private key is also used to move user's tokens.
BMCHAIN support is provided by special nodes. Nodes store a complete registry loaded by users at the moment. To confirm the reliability of the blocks they are sign by the nodes from a special list of delegates that get rewarded for it. Of the 21 delegates, 20 are permanent and selected by voting of all users of the platform.
Any user can become a delegate by downloading the necessary software and registering as a delegate.