Along with the BUZZcoin™ 4.0 release it is planned to list BUZZcoin™ 4.0 on a much larger exchange (we’re currently in negotiations) as well as proceeding with the listings that were not possible due the old code that BUZZcoin™ 3.1.1 was based on. This highly anticipated BUZZcoin™ upgrade will provide a much safer and stable network while reinstating higher POS rewards after the first wave of swapped coins have been burned.

RELEASE DATE BUZZcoin™ 4.0 is currently undergoing extensive unit testing to provide a stable release. The Core Team has decided not to publish any code on Github until the wallet release. An exact release date will be announced as soon as we are confident that BUZZCoin™ 4.0 meets our stringent release standards.

SWAP TO BUZZCOIN™ 5.0 The BUZZcoin™ 5.0 chain will be powering our BC-HMD™s, BC-QMM™s and the complete worldwide HIVE MIND NETWORK™. For now the only option to swap to the BUZZcoin™ 5.0 chain will be through opting in and participating in the BUZZcoin™ 4.0 locking phase either using a Masternode with 25 million BUZZ on it at double the rate or using a standard wallet at standard rate. The exact swap details and the ratio have not been announced yet. The beginning of the opt-in locking phase to swap from BUZZcoin™ 4.0 to 5.0 will be announced alongside the BUZZcoin™ 4.0 release. We’re looking into providing further swapping opportunities from BUZZcoin™ 4.0 to BUZZcoin™ 5.0 at a later date. If we decide to offer such opportunities these will be provided at a much lower swap ratio.

IMPORTANT

* BUZZcoin™ 4.0 enables Masternodes

* Masternodes swap at double rate means they will get twice the amount of coins on BUZZcoin™ 5.0 than normal wallets

* For the update from 3.1.1 to 4.0 all coins must be in your 3.1.1 wallet

* After BUZZcoin™ 4.0 is live the swap details to BUZZcoin™ 5.0 will be announced

* BUZZcoin™ 4.0 and BUZZcoin™ 5.0 will co-exist and integrated into one ecosystem

* BUZZcoin™ 5.0 will be a very low-supply coin. The details, release date and swap ratio will be announced later.

* The swap from BUZZcoin™ 4.0 to BUZZcoin™ 5.0 is not mandatory. It’s opt-in only.

BUZZCOIN 5.0 BUZZcoin 5.0 is our brand new chain that will be powering our BC-HMDs, BC-QMMs and the complete worldwide HIVE MIND NETWORK. For now we call it “BUZZcoin 5.0”. Its real name and ticker symbol will be announced soon. The core team has put a lot of research effort into finding the ideal solution that suits the needs of our project and devices we’re currently developing. BUZZcoin 5.0 will enable all the features on the blockchain needed for the BC-HMD and the BC-QMM device. We are working in parallel on BUZZcoin 4.0 and BUZZcoin 5.0 to ensure a hassle-free coin swap from the 4.0 to 5.0 chain. We will update the white paper again as soon as all details about the swap are finalized.

The new BUZZcoin 5.0 blockchain will include these features:

* PoS / PoW

* Masternodes (Bee Hives only)

* Smart Contracts

* Bitcoin & Ethereum Base

* Ethereum-VM

* High Performance Transactions

* Web Wallets

* Mobile Wallets

* BUZZcoin 4.0 will be fully integrated into the BUZZcoin 5.0 ecosystem

BUZZCOIN HIVE MIND DEVICE (BC-HMD)

THE DEVICE The BUZZcoin Hive Mind Device (“BC-HMD”) is a fully featured smart device with sensors for beehives utilizing real time precision monitoring, analytics and threat detection. Using the blockchain the BC-HMD delivers real time data streams on the hive’s internal status. Alerts on different statuses will immediately be sent through available channels (Messaging, E-Mail, App) using the BUZZcoin HMD Software Suite. The data stored on the BC-HMD will be synced with the cloud if an active internet connection is available on site. If there is no network connection available the data can be downloaded to a smartphone or laptop from the BC-HMD and uploaded to the cloud manually.

The BUZZcoin Hive Mind Device BC-HMD

The BC-HMD features include:

* Acoustic Pattern Detection

* Threat Detection

* Colony Health Status

* Weather Impact Data

* Highly Accurate Weight Measurements

* Temperature and Humidity

* Up to 6 month battery life

* 4G and wifi connectivity

GLOBAL NETWORK After the data from a BC-HMD has been uploaded to the BUZZcoin Hive Mind Network it will be automatically analyzed and made available to the beekeeper and can also be offered to researchers, scientists and special interest groups worldwide. The data in the BUZZcoin Hive Mind Network can be used to determine historical trends, help predict future developments, support scientific studies, truly monitor health statistics of beehives and also provide information about ethical practices and more around the entire globe. As more devices are connected to the network the data will get more granular and can be utilized to develop new features.

REWARD SYSTEM The data collected by the BC-HMD device is analyzed and rated according to set ethical bee keeping standards and a reward class is set for the Queen Middleware Masternode Device. The masternodes will adjust the rewards according to the data received from the BUZZcoin Hive Mind Network. This ensures that hives that are maintained within the optimal parameters receive the highest PoS rewards. Details about the reward system will be announced after the BUZZcoin Core Upgrade and the BC-HMD prototype testing phase have been completed.

NEXT PHASE The prototype of the BC-HMD is already 90% completed but we are currently bound to a Non-disclosure agreement by the hardware developer and hardware manufacturer. The NDA does not allow us to publish photos of the current prototype stage but we will update the white paper accordingly as soon as we receive a clearance for publishing.

WEIGHT MONITORING The BC-HMD high precision scale offers extremely accurate weight monitoring. The BC-HMD Weight Sensor measures the change in weight every 10 minutes and uploads the data to the Hive Mind Network Cloud. The BC-HMD allows tracking of the production and sends an alert if feeding for the colony is required. The recorded data of weight changes can also be displayed as a yearly chart to get an insight into each individual hive’s productivity

ACOUSTIC & ENVIRONMENTAL MEASUREMENT The BC-HMD incorporates a highly sophisticated real-time acoustic monitoring sensor with pattern recognition and a threat detection engine. In addition, there is real time environmental monitoring for temperature, humidity and soil moisture distribution inside the hive. The inclusion of this advanced monitoring reveals the status of the bee colony environment and behavior during seasonal phenomenon such as droughts, heat waves, and other shifts in environmental patterns. The recorded data points and the analyzed data can help making optimal decisions that can lead to huge improvements in colony health awareness.

QUEEN MIDDLEWARE MASTERNODE The Queen Middleware Masternode (“BCQMM”) is a PoS cryptocurrency wallet that includes advanced software features. The BCQMM is also the Hive Mind Network communication interface and responsible for uploading the data. The staking percentage on the BC-QMM is set using a Smart Contract system that analyzes and rates the data received by the BC-HMD. All rewarded cryptocurrency is held secure and encrypted on the BC-QMM device.

The BC-HMD Analytics Software Suite offers a variety of features including:

* Charts and Graphs For Data Analysis

* Threat Detection Engine

* Customizable Alert System

* Help System

* API Connectivity

* Fully-featured Data Export

* Cloud Data Storage

* Data Sharing Options

BLOCKCHAIN INTEGRATION

The BC-HMD and the BC-QMM provides the data that coupled with the features of the blockchain can truly revolutionize the entire beekeeping industry. Here is how we plan to do this based on a mandatory Core Upgrade:

How it works

Smart Contracts will power the BC-Hive Mind Network, the BC-HMD and the BC-QMM. The smart hive devices will take care of the transmission and data analyzation as well as determining the rewards according to a range of predefined parameters calculated using the collected data.

The system is straight forward. The BC-HMD collects its data and either saves it locally until it is downloaded or uploads the data directly if a network connection is available. After the upload the data is processed in the cloud and a reward rate is calculated. This reward rate is then being sent to the BC-QMM device that comes with the BC-HMD. Smart Contracts will also monitor data quality (health of the hive). If the data quality does not match the predefined parameters, the BC-Hive Mind Network will take measures to help beekeepers increase their scores with educational resources, as bee health is our priority.

Data Upload

For hive sites where a permanent wifi or 4G connection is available, uploading of BC-HMD data will be done in real time to a paired certified BC-QMM device. For hive locations where no network connection is possible, the hive data is stored in the BC-HMD memory and must be downloaded to a smartphone or laptop on location. As soon as an internet connection becomes available to these devices the data will be uploaded automatically to the BC-QMM device. Complimenting the blockchain integrations mentioned above, the data will not only be available to active nodes, but also through an API service. This tiered API service will be targeted to government agencies, research institutes and support scientific studies.

PROTOTYPE DEVELOPMENT The BC-HMD prototype development started in late 2017. Thanks to the connections of the core team, an agreement with a developer was signed. The developer is not only an experienced 3rd generation beekeeper, but as well a scientific engineer that has been working on smart hive monitoring solutions for almost a decade. The developer, who prefers not to disclose his real identity due to his involvement in scientific government projects, is also an expert in pesticide and parasite impacts on beehives. The developer is working on its 7th generation smart hive monitoring solution — now developing a tailored solution for the BUZZcoin Project.

The device is now 90% complete and work on the blockchain and software integration can start in the near future. That will lead to a field testing in the 3rd quarter of 2018. The core team is very excited to have such an expert working on the BC-HMD. His approach on the acoustic pattern detection engine is something that has not been seen before on the market. Such high tech requires patenting. That’s why we have chosen to sign an NDA with the developer and the production company that will build the BC-HMD prototypes for field testing, as well as the production devices later on. Due to the NDA in place we are currently not allowed to release more details about the device or its features in detail.

READ THE FULL WHITEPAPER including roadmap: https://www.buzzcoin.info/wp.pdf

DISCLAIMER BUZZcoin™ strives to make the information and timelines contained in this Whitepaper as timely and accurate as possible, BUZZcoin makes no claims, promises, or guarantees about the accuracy, completeness, timeliness or adequacy of the contents, and expressly disclaims liability for errors and omissions. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher. For permission requests please write to: press@buzzcoin.info