BiblePay – A Crypto Currency using the Proof Of Bible Hash algorithm as a Proof Of Work function Whitepaper

BiblePay - A Crypto Currency using the Proof Of Bible Hash algorithm as a Proof Of Work function Whitepaper

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A decentralized crypto-currency using a new proof of work algorithm based on the King James Bible, called Proof-Of-Bible-Hash. One of the goals employed is the prevention of hashing in ASIC devices or GPUs. Proof of Bible Hash uses 31,101 verses from the text of the bible, making it impractical to port to an ASIC or GPU, due to multiple considerations including but not limited to: Chained verse logic, memory consumption, encryption, decryption, transaction ID lookups, blockindex lookups, Receiving address Lookups, Full Node business Logic, floating time parameters, and late block logic. In addition, the hashing algorithm requires AES512 encryption and decryption to restrict GPU execution. The algorithm also uses a complicated ruleset to chain the verses together (more on the technical details below).