The Bitcoin Scrypt is traded in tokens called BTCS. One of the unique features of the currency is its link to user voting. The blockchain facilitates the voting process. The users get to vote on major decisions regarding the currency. In particular, the focus is on the possible features of the currency. Users can vote to decide which features are to be included. The coin was launched in September 2015. It is interesting to note that the promoters did not offer pre mining or ICO. The goal was to keep the currency value stable using natural or organic measures.
The Bitcoin Scrypt is a great way to get user opinions on the currency. Users of other currencies are the support that makes the currency viable. However, the decentralization may not be truly put to practice. Realizing this, the promoters of Bitcoin Scrypt offer voting rights to users. All users get the chance to vote not just on small decisions but major ones, like features. This makes users into equal stakeholders, leading to real decentralization. Also, the blockchain supports the voting process, ensuring transparency and reliability.
Users can download the wallet, also be offering a voting client. This will help them register their votes with the promoters. Users will pay a small fee, in form of Bitcoin Scrypt tokens, to vote. The blockchain will register votes by assessing the voting wallet contents. Users can also look for other methods of earning the tokens. These include joining a mining pool. Block times are around 2 minutes, and every block fetches 25 tokens as a reward. Around 20 million coins are in existence.
The Bitcoin Scrypt is the perfect currency for investors. Investors are concerned about how their investment will be used. With Bitcoin Scrypt, they get to vote on major decisions, including the roadmap of the currency. Thus, they can choose if ASIC mining can be allowed, or what mining method should be used, whether private transactions should be allowed and so on. Thus, the users get to decide on every aspect of the currency features. Thus, investors can protect their investments. Since digital currencies are held up by the community of users, this offers users a good way to strengthen the Bitcoin Scrypt value. Users will also be offered educational materials so that they can learn more about the process of voting. The currency can be used in other, regular ways as well. You can pay for purchases with Bitcoin Scrypt tokens, and earn mining and stake rewards in form of the tokens.
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