So I was just looking at site on the web, and I found something
interesting. There is an alt coin named btc+! Oh wow.
It looks like they also have a reddit
community, although, it's one of the smaller ones I have seen.
It is a proof of stake coin, meaning
there is no mining, rather, coins are distributed to those who meet
the staking conditions. For btcplus this essentially entails having
a synced wallet with coins in the wallet for 12 hours. The wallet
must be online to stake, but just logging in from time to time will
also yield roughly the same amount on coins as having your wallet on
all the time. Per BTCplus’s
site
If you open your wallet for a few hours
once a month you will receive roughly the same amount of coins as
someone who is staking 24/7. The 24/7 Wallet will receive many more
smaller amounts and the wallet open infrequently will receive less
but larger amounts. The total will roughly be the same.
The price ticker for BitcoinPlus is XBC
and you can see it here on coinmarketcap
As of writing, it has a market cap of
about 600k USD.
Also, the block time for XBC is much
shorter than many other coins at a mere 60 seconds. Here is a coin
telegraph piece on this.
https://cointelegraph.com/news/meet-bitcoin-plus-the-next-great-cryptocurrency
It looks like the original developers
took money they raised on Poloniex for the coin and have abandoned
it. But like I mention in this post
(and in the comments below), an active dev team isn’t
really needed for a cryptocurrency.
