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Extending Primecoin’s mission of useful proof-of-work, Bitcoin Prime is a revolution that puts miners computational power to work solving issues of security and scalability.

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About

Primecoin is a unique blockchain with innovative proof-of-work based on prime numbers and is the first cryptocurrency in the world where the algorithms that secure the blockchain also create mathematically useful and interesting by-products. It is fairly mined, fast, has low fees, well-balanced difficulty and reward adjustments.

Bitcoin Prime is the platform that will be created from Primecoin along with the best in cryptocurrency advancements. Bitcoin Prime is also a team of people that are passionate about useful proof-of-work and solving the myriad of problems that blockchains face today; including mainstream on-boarding and smart oracles. Expanding and supporting Primecoin is our first step on this journey.

Inspired by Primecoin’s unique POW, we aim to bring this undervalued coin up-to-date and to expand its capabilities to solve modern problems in crypto. If you are interested in participating in this exploration with us please join the Discord.

Our Vision

You can read our full Vision Statement here.

Primecoin Infrastructure updates
  • - Electrum wallet
  • - Hardware wallet support
  • - Compatibility with bitcoin 0.16
  • - Tool updates such as block explorers and statistics pages
Prime Platform and DEX
  • - Decentralized Exchange and Tokens
  • - GUI/Wallets for Prime DEX
Prime Bridge (Cross-Chain Swaps)
- Daily auction site
Prime Oracles
  • - Federated full-nodes on Prime DEX
  • - Validations of oracle data in PoW
Prime Universal Computation
- Off-chain application and data hosting

Features

Bitcoin Prime will be a unique cryptocurrency platform where the computational efforts of miners are used to solve modern day issues of security and scalability.

Frequently Asked Questions
What is Bitcoin Prime?
Bitcoin Prime is the platform that will be created from Primecoin along with the best in cryptocurrency advancements. Bitcoin Prime is also a team of people that are passionate about useful proof-of-work and solving the myriad of problems that blockchains face today; including mainstream on-boarding and smart oracles. Expanding and supporting Primecoin is our first step on this journey. Inspired by Primecoin’s unique POW, we aim to bring this undervalued coin up-to-date and to expand its capabilities to solve modern problems in crypto.
Primecoin is a unique blockchain with innovative Proof-of-Work based on prime numbers and is the first cryptocurrency in the world where the algorithms that secure the blockchain also create mathematically useful and interesting by-products. Primecoin shows that the computational effort used in Proof-of-Work can have a multitude of real world applications. Primecoin also processes payment transactions 10x faster than the bitcoin network with its 1 minute blocks. You can learn more about Primecoin here: primecoin.io
Useful proof-of-work seeks to put the vast computational efforts of miners to the best possible use. The bitcoin network currently performs about 34 million tera hashes per second and uses an estimated 68.53 TWh per year of electricity. This can be equated to the energetic power of about 52 of The Large Hadron Collider particle accelerators, the largest machine in the world! The growth of computing power used in cryptocurrency networks has increased exponentially. Sadly, the mathematical results of these efforts are largely useless after each block has been created. With Primecoin the results of these computational efforts have value in themselves.
We have a lot of exciting plans for how Primecoin’s unique Proof-of-Work can be expanded to solve current issues in cryptocurrency scaling and usability. Expanding and supporting Primecoin is our first step on this journey. From there we will be able to experiment and develop the Bitcoin Prime whitepaper. If you are interested in participating in this exploration with us please join the Discord. You can also read our preliminary Vision Statement here.
In line with our commitment to developing Primecoin, we will focus on the platform articulated above for the immediate future and consider a fork where it naturally falls into the discussion. We will ask if or when a fork’s advantages make sense in light of the progress thus far and a decision will be made accordingly. As with all goals and decentralization efforts, these goals may be changed or improved as circumstances dictate.
We are active on our Twitter account and are increasing the engagement there as our social media team grows. Additionally we are planning to bring more valuable content to the subreddit. And ee are always available on Discord or in Telegram.
Wallets

Primecoin Paper Wallet

Click to create a Paper Wallet:

Primecoin Ticker

Our Contributors