FAQ

  1. WebHive(Whive) description? Whive is a peer to peer blockchain protocol that is built to allow for small (CPU) and medium scale mining (GPU) with a merge-mined algorithm pegged on the Bitcoin blockchain for security. Whive is currently in the private test-net phase.
  2. Will Whive be open source? Whive will be an open-source project to allow for improvement through Whive Improvement Proposals (WIPs).
  3. How much time will research consume? The experimental phase should be between 12 to 18 months beginning from March 2018 with a private and public test-net rolled out during that time.
  4. Which problems will the Whive blockchain solve? We are solving Energy Access problem with a focus on Solar Access initially and then also looking at the smart distributed economy using Internet of Things (IoT) for device communication and Artificial Intelligence (AI) for network analysis.
  5. When will there be the first Whive blockchain prototype? We would like to have a private test-net up for the mining protocol by September 2018 and a public test-net by Nov 2018.
  6. How many WHIVE tokens will be rewarded per block? Exactly 500.
  7. How many WHIVE tokens will be there in total? Approximately 210,000,000.
  8. In which way will they be distributed (Timeframe)? Over 50 years or so.
  9. What is the average transaction speed we are aiming for? 20 transactions per second.
  10. Will there be a mining pool available? Yes a distributed mining pool will be created for both specialized and generalized nodes.
  11. Is there any installations needed? (Browser, Phones, CPU) pool mining software, mobile and desktop wallets available for Linux, Mac OS, Windows.
  12. Target Markets? Whive form factor is mobile first; to target markets in South East Asia, Middle East and Africa.
  13. What hashing algorithm are we using? Whive is using a merge-mining protocol.
  14. Which consensus algorithm are we using? Delegated Proof of Work/Stake with incentives for CPU nodes.
  15. How long will it take to mine one block (Block height)? 9-13 minutes.
  16. Will users be able to mine with the same private keys on different platforms/ browsers? Interesting question, cold-mining this is an area of possible research.
  17. Is it going to be ASIC resistant? Yes initially, to maximize distribution with generalized nodes. The correct term is ASIC Friendly as resistance is not possible to achieve medium to long term.
  18. What design do we want Whive address to have? The public blockchain addresses will start with “w” and multi-signature or segwit addresses will start with “m”. Testnet addresses with start with “tw”.
  19. By when should we have a private test-net? By September 2018
  20. By when should we have a public test-net? By November 2018
  21. Will Whive have room for layer 2 addons? Certainly - atomic swaps with lightning and scripting enabled for AI and IoT implementations.  Whive protocol should focus on Identifying objects and executing peer-to-peer contracts not storing information.
  22. Will Whive do smart contracts? Limited to machine for IoT use cases, e.g. Whive Lightning (Wightning).
  23. Which programming languages will we be using? C++, Python, libraries should limit scripting options.
  24. When should we have our first wallet? Melanin.Solar Node Trustware should be in production by Quarter 2 2019.
  25. Will there be an ICO? No! To avoid challenges with different jurisdictions who deem ICOs as securities.
  26. Will Whive be able to update at any time when needed? Through soft-forks, hard-forks only for security reasons or unavoidable updates.
  27. Will Whive transactions be public or private to the peers? Public, to allow for smart analysis with AI tools from network optimization.
  28. How will the genesis block crypto-tokens be distributed? To be determined, but No Pre-mine.
  29. When will Whive start trading?  To be determined.