There are many existing cyptocurrencies out there. This number is continuously increasing, as new cryptocurrencies are always being introduced. One re
There are many existing cyptocurrencies out there. This number is continuously increasing, as new cryptocurrencies are always being introduced. One relatively new coin that seems very interesting is the BitConnect. Its Initial Coin Offering was performed between 15th November, 2016 and 31st December, 2016, BitConnect, raising around 1000 Bitcoin in the process. BitConnect (BCC) seeks to empower people financially by providing decentralized value. But what is the basic info about BitConnect cryptocurrency and how does it aim to achieve this?
BitConnect is a community-driven crytpocurrency that allows for people to store their wealth in a decentralized currency. BitConnect is a peer-to-peer and open source cryptocurrency. This means that there are no third-party inclusions in transactions, as users can transact directly between themselves. Bitconnect looks to empower people financially with a return of investment of up to 120%.
There is a maximum coin supply of 28 million BitConnect (BCC). The already mined supply of BCC in markets right now stands at almost 7 million, according to the official BitConnect website – https://bitconnectcoin.co/. The market capitalization of the coin stands at 333 106 225. The coin maturity base of this cryptocurrency is 50 blocks. The block spacing time stands at 2 minutes. The BitConect cryptocurrency coin runs on a PoW/PoS algorithm. This algorithm ensures that the BitConnect network is a safe one. It secures against attack, as well as keeps everything decentralized. There is a quick block execution time, guaranteeing that transactions will be completed in no time. All the technical features of this crypto is well explained in its github code base.
BitConnect coins can be purchased either online or offline. It can be exchanged on cryptocurrency exchange websites that allow you trade on crypto for another. You need a BCC wallet in order to receive, send or store BCC. This wallet comes in two types: The web BCC wallet that is hosted on the web and the software BCC wallet which you install directly on your computer. The level of security in these two wallets is the same, according to the official BCC website. The software BCC wallet works on all popular platforms – Windows, Mac and Linux. Mining the BitConnect coin can either be done with the PoW or the PoS algorithm.
BitConnect has a well-defined roadmap for the year 2017. A BCC smartcard is one of the many products that the BCC community plans to launch soon. Mining and Stake Pool, in order to earn BCC rewards, is another goal of the community. BCC aims to complete the year by securing partnership with several merchants, so as to increase its reach. In truth, BitConnect is a cryptocurrency to look out for.