As we expected 2018 has started with a huge bang for Blockpool with a huge amount of interest being generated in both own coins, ADC and BPL. As such we are receiving a lot of questions and a lot of the time the same questions come up over and over again.

So, this is the first in an irregular series to provide answers in a simple shareable format. Of course if your question is not answered here, or you just want to get involved and chat with our amazing community, then you can join the ADC Discord here (https://discord.gg/fvsTFcR) and the BPL Discord here (https://discord.gg/wRPZcag).

What is the utility of BPL?

BPL as a coin has a three main purposes.

1. As BPL is a DPoS chain (click this link for more information: https://blockpool.io/dpos.html) a Delegate must either hold, or have voted to them, enough BPL to be able to maintain their position on the Delegate List to be included in each forging round.

2. BPL is an access token for Sidechains. Companies will purchase their development work and seat using BPL.

3. Smart contracts will be brokered using the BPL chain; the details for this are still in development however the main BPL chain will contain transactions specific to a Smart Contract.

How many tokens do you need to become a delegate on BPL?

BPL is a DPoS chain (click this link for more information: https://blockpool.io/dpos.html) which means that the number of tokens you hold, or that are voted to your delegate, decides whether you are “trusted” enough to make the top 201 delegates and therefore be able to forge and earn rewards. That means that this number is a moveable feast and the more interest there is in being a Delegate, the more coins it will require to maintain your place on the list. Currently we would suggest 10,000BPL for medium to long term stability.

Do you have to be voted in to be a Delegate even if you have enough BPL coins ?

No. Your position on the Delegate List is a combination of your own stake, those BPL that are in the address associated with the Delegate, and the stakes of everyone who has voted for you. The actual number of people voting is not taken into account.

Can I vote for multiple delegates, or only vote a percentage of my stake?

No. Simply. You pick one delegate and they get the benefit of the entire balance of your stake.

Will BPL be tradable between Sidechains?

The simple answer is “maybe”. This is something that will be determined by the specific Sidechain customer. We certainly can see a usecase for such functionality. All BPL delegates will have the chance to benefit from each additional sidechain through a variety of configurable metrics. These will include pooled forging, individual forging, reserve forging and other benefits specific to each configuration.

Our delegates will always (at a minimum) provide the opportunity for a reserved network support and forging resource across the BPL sidechain network.

What is the difference between ADC and BPL?

ADC is a coin that has been around for an age (in Crypo terms) which was begun by a couple of the founder members of Blockpool. It is now a central part of the Blockpool family and demonstrates the utility of BPL, while having a strong usecase of its own. Currently ADC is run on a separate chain and a separate chain technology to BPL. There are plans to make ADC a sidechain of BPL and therefore take advantage of all the benefits that will bring, such as increased stake rewards for Delegates, a more modern and stable chain (BPL is forked from ARK which is considered to be one of the most stable and reliable blockchains around) and the active development of the technology from a huge community.

What is the utility of ADC?

For years ADC has been at the centre of the music site www.aurovine.com where artists can upload songs and both artists and listeners can earn rewards via the Listen/Rate/Share system.

At the time of writing this update Aurovine is very close to coming back online with a new integration into ADC, future proofing it for all the development that we have in line for ADC as a currency. When this process is complete Aurovine will finally be back as a primary usecase for ADC.

It is not the only one, however. ADC is accepted by Bjork for payment on any product in her online shop (https://shop.bjork.com) which was the proof of concept for our Magento plug in, powered by BiT. This will allow any online retailer who runs a Magento based shop to provide drop-in crypto payment support, and ADC is right there in that list.

In addition the Salute Music Competition (https://www.salutemusic.uk/2017/07/27/competition/) is rewarding all winners with a chunk of ADC which will be disbursed automatically via BiT and we have an imminent announcement (which we will announce separately) of another partnership, this time with one of the largest music studio and equipment sales companies in the world, which makes that ADC highly valuable to the artists who have been successful in the competition.

Further partnerships are in the works with household names in the entertainment industry and we are in talks with multiple festivals and music events who are interested in making use of ADC for both reward and purchase paths.

As you can see, there is a huge amount to come from this proven coin.

When ADC becomes a sidechain of BPL will I lose my ADC?

No.

The conversion to a BPL sidechain is probably not going to happen until late Q2 or even Q3 2018. We will be publicising details as we work them out however there will be a mechanism to convert your old ADC into the new ADC which will be widely available and very easy to complete.

Watch this space.

How can I buy BPL and ADC?

Ahh, this is the most important question.

BPL is listed on Cryptopia (https://www.cryptopia.co.nz/Exchange/?market=BPL_BTC) and COSS.io (https://exchange.coss.io/pair/bpl-btc).

ADC is listed on Cryptopia (https://www.cryptopia.co.nz/Exchange/?market=ADC_BTC) and Bleutrade (https://bleutrade.com/exchange/ADC/BTC).

Where can I safely store my BPL and ADC?

There are offline wallets available for both BPL and ADC which can be downloaded here(ADC : http://www.audiocoin.eu/?page_id=65487 and BPL : https://www.blockpool.io/BPL_Wallet.html).

You can also register on https://my.blockpool.io where we have a web wallet that supports ADC and BPL, as well as Bitcoin, Litecoin and DASH.

I think this post has become long enough, and answered enough questions; I hope these prove useful however if you have any further questions please do join us on Discord via the links at the top of this post and ask them direct. We would love to hear from you.