history edit, the bitconnect LTD Company was registered in 2016 in Great Britain. Bitconnect logo, bitConnect coin (or BCC abbreviation) is a cryptocurrency, a token of the peering payment system BitConnect. At that, the amount of BCC is given in US dollars. However, in a few months the information on their website was changed; BitConnect presented themselves as a company and offered their own currency. New coin generation as well as transaction verification on the blockchain will be handled by Proof of Stake (PoS). Then the work of the blockchain will be supported by the PoS. The share of BCC in the volume of general trades on the crypto currency market makes out about.1; however, a quick growth of the BitConnect popularity can be noticed:. The website of the BitConnect Company doesnt provide the crypto currency buyers with the necessary technical information: No information about the crypto currency creators. One might wonder what BitConnect is planning next, and how the value of the coin will evolve over time. The number of BCC is limited to 28 million 5, as of October 15th, 2017, there were.2 million coins.
The maximum number of coins.4 million. Scrypt hashing algorithm is used here. 4 million tokens were issued through the ICO. October 23, 2018, 10:39:31 AM (Moderators: mprep, Welsh ) Author, topic: annbcc Bitconnect Coin - Decentralized Cryptocurrency (Read 338590 times). The remaining BitConnect coins are distributed via the combination of the Proof of Work (PoW) and Proof of Stake (PoS) algorithms: As soon as the number of blocks in the blockchain reaches 262 800, PoW will stop its work. The strategy of BCC purchasing for market speculations or investments in the coin rate growth can be met rarely. Technical characteristics edit, the.
The proof of stake has a flexible payment system: The first 6 months mean the monthly reward of 10 of the funds that are in the users wallet. The protection is ensured by a hybrid algorithm consisting of a proof of work (PoW) and the proof of stake (PoS) 8 Specifics of use edit The cryptocurrency is used basically inside the community: the coins are difficult to exchange, they are accepted/supported. In the rating of crypto currencies, BCC is on the 11th place 14, although it was launched less than a year ago. You will not be able to mine BitConnectCoin with CPU/GPU and only Stakers will be rewarded. The ICO was carried out from November 15th to December 31st, 2016 3 ; in January 2016, the first desktop version of the wallet and the possibility to exchange BitConnect for Bitcoin appeared, and the BitConnect Android app appeared in March. This roadmap is highlight of BitConnect Teams vision and development priorities. Transactions are made between users without any middleman Transactions are verified by the network nods Mining is carried out with a BitConnect wallet The use of a video card (GPU) and a central processing unit (CPU) is possible.
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