Solana Labs co-founder introduces BunkerCoin whitepaper

BunkerCoin addresses the challenge of data transmission over shortwave radio by optimizing for a 300-byte Maximum Transmission Unit (MTU). This is achieved through erasure-coded frames to ensure data transmission reliability and network robustness in low-bandwidth conditions. The protocol employs a Nakamoto-style longest-chain rule, which works with the transmission and validation methods to maintain network security.

Until further notice of the release of BunkerCoin, users looking to invest in this technology should be aware of “BunkerCoin” like scam coins on popular blockchains, like Solana, Ethereum (ETH), Polygon (MATIC), and Base. The best case is to wait for an announcement from Yakovenko himself for verification and more information.

By introducing a new protocol, Yakovenko could want to escape the meme coin volatility on Solana, which started in December 2023. The surge in meme coin popularity has led to significant trader profits, driven by the hype and rapid token proliferation on the Solana (SOL) and Base blockchains.

BitMEX Co-Founder Arthur Hayes cautions against dismissing meme coins as stupid and valueless, emphasizing their role in attracting new users and developers, thereby aiding blockchain development.