BitBean is the early version of Bean Cash, the digital currency and network which was launched in 2015. BitBean was the first digital currency to implement block sizes of 20MB. It was done with the intention of fixing the scalability limitations of Bitcoin. It also takes pride in being the first one to begin using the static block rewards in the PoB or Proof of Bean system. It is more efficient, cost-effective and effective than the commonly used PoW or Proof of Work system. The mature and robust blockchain network of BitBean has emerged as one that delivered one of the highest returns on investments in the digital currency marketplace.
The mission of the developers of Bean Cash is to make it an enduring digital currency that enjoys high integrity. It can be used for every day transactions in the future and designed to stand the test of time. Bean Cash aims to be a digital currency that is focused on transactions. It can be used in the real world and has the ability to resolve the last mile problems that other currencies generally face. They are looking to tie up with enterprises willing to use Bean Cash as currency for transactions at point of sale. This can help them achieve their mission and objective.
Bean Cash ensures confirmation of transactions in real time in the blocks. This ensures zero risk for merchants and they don’t have to deal with any charge-backs either. Confirmations can be completed in as little as 20 seconds while the verification, validation and transaction settlement process takes less than a minute. No other cryptocurrency has the technology to do it so fast and seamlessly. This has brought in immense value to Bean Cash. The transaction fees are also the lowest in the industry.
Bean Cash has been able to improve on the original Bitcoin protocol and also has the capability to manage Smart Contracts. To make this happen, Bean Core will be striving to re-enable the operational codes that are currently lying dormant in its protocol. With the original Bitcoin codes restored and new ones added, it will be possible to build a higher level environment thus allowing Bean Cash to reach a wider market.
BITB is the token associated with Bean Cash. The BITB in circulation at present is 2,274,793,000 while the market cap is $43,749,046. The currency is currently trading at $0.019232.
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