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Betacoin

BET

Betacoin

Algorithm:

What is Betacoin?

Betacoin is a decentralized Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in some specifications. Betacoin provides faster transaction confirmations (4 minutes average block generating time). The Betacoin network is scheduled to produce 32 million currency units.

Betacoin uses peer-to-peer technology to operate with no central authority – managing transactions and the issuing of betacoins is carried out collectively by the network. Betacoin is open-source, its design is public, nobody owns or controls Betacoin and everyone can take part.

Release date: October 24th, 2013

Specifications

  • Classic SHA-256 Algo, Proof of Work*
  • Block target: ~4 minutes (2.5x faster than Bitcoin)**
  • Total coin supply: 32 million coin units (will be mined in ~6 years) + small per year supply.***
  • Block reward 128 coins, halving every 126000 blocks (~1 year)
  • Fast difficulty adjustment - every 6 blocks difficulty changes plus or minus 1-2% from current network.
  • NO PREMINE - this entry was public after the first block was mined.

CoinChoose info

Current Blocks211802
Difficulty250967.596
Reward128 BET
Network hashrate H/s
Adjusted ratio63.8228833722 % BTC
Avgerage Profit65.60332362489227 % BTC
Avgerage Hash H/s
ExchangePrice
CoinEx no API
Cryptsy 0.00000764 BTC

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