Guus Blockchain Specifications

Guus is a robust blockchain project designed for decentralized storage, staking rewards, and privacy-focused transactions. Below are the key specifications that define the Guus blockchain and its operations.

1. Blockchain Overview

Guus combines the power of decentralized file storage with a staking model, enabling users to earn rewards by running nodes and participating in the network. The blockchain ensures high security through advanced cryptography, including its RandomX mining algorithm, robust checkpoints, and minimum ring signature requirements.

2. Core Features

  • Decentralized File Storage: Guus supports the storage of various file types, including images (e.g., JPEG), documents, and other digital assets. The decentralized nature of the blockchain ensures data integrity and redundancy across the network.

  • Staking: To participate in the Guus network and earn rewards, users are required to stake at least 10,000 Guus tokens. By running a node, users contribute to the network’s security and consensus while earning staking rewards.

  • RandomX Mining Algorithm: Guus employs the RandomX mining algorithm, which is optimized for CPU mining. This algorithm promotes decentralization and fairness by ensuring that mining is accessible to all participants, regardless of their hardware capabilities. It discourages the centralization of mining power that is common with ASIC mining.

  • Ring Signatures (Minimum 16): Guus enforces a minimum ring signature size of 16 to enhance transaction privacy. This ensures that the transactions are shielded from traceability, providing a high level of anonymity for users. The use of ring signatures ensures that it is computationally difficult for an external observer to determine which participant was the sender of a transaction.

  • Checkpoints: Guus features bulletproof checkpoints, which make the blockchain resistant to reorganization attacks. These checkpoints ensure that once a block is added to the blockchain, it cannot be easily altered or removed, thus providing robust security against malicious actors.

3. Technical Specifications

3.1 Consensus Algorithm

  • Proof-of-Stake (PoS) combined with RandomX for mining.
  • Minimum staking requirement: 10,000 Guus tokens.
  • Ring signatures minimum size: 16.

3.1.1 Block Rewards

  • Miner reward: 225 GUUS per block mined.
  • Frame node reward: 250 GUUS per successful frame node operation.
  • Network foundation reward: 25 GUUS allocated to the network foundation for development and growth.

3.2 Transaction Privacy

  • Guus uses ring signatures to ensure transaction privacy.
  • The minimum ring signature size of 16 is designed to provide a high degree of anonymity while maintaining efficiency.

3.3 Mining

  • Guus employs the RandomX mining algorithm for proof-of-work starting from block height 0.
  • CPU mining ensures that anyone can participate in mining, without needing specialized hardware.

3.4 Network

  • Block time: Approximately 60 seconds.
  • Block reward: Distributed among stakers and miners according to network rules.

3.5 Security Features

  • Bulletproof checkpoints ensure the integrity of the blockchain.
  • Protection against network reorganizations and rollback attacks.

4. Node Requirements

To run a Guus node, you need the following: - Hardware: A CPU with at least 2 GB of RAM and a stable internet connection. - Storage: A minimum of 50 GB of free disk space to store the blockchain data. - Guus Wallet: Download the official wallet from guus.org. - Staking Requirement: A minimum stake of 10,000 Guus tokens.

5. Conclusion

Guus is designed to offer a secure, decentralized solution for storing data and earning rewards. With its use of RandomX, a minimum 16-ring signature for enhanced privacy, and bulletproof checkpoints, Guus prioritizes security, decentralization, and user privacy. The combination of staking rewards and a transparent, efficient consensus algorithm sets Guus apart from other blockchain projects in the ecosystem.