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Bitcoin Blog a1

Friday, February 22, 2019

Btc+


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.

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