Topic: [ANN] ♬♫ Beatcoin [xbts] ♫♬ - X11 - PurePOS - Yobit- Music on Blockchain - page 27. (Read 33901 times)
September 23, 2016, 03:40:28 PM
Sorry, Don't/Won't do the facebook thing. I'll sit this one out.
Pool still up at https://hobbyistpool.ddns.net/beats/
September 23, 2016, 03:32:49 PM
It is interesting)Who the developers of this coin?Will the bounty?
September 23, 2016, 03:29:25 PM
September 23, 2016, 09:09:37 AM
September 23, 2016, 09:07:55 AM
so is not a new coin?
September 23, 2016, 09:01:14 AM
new ann , work in progress ,old one will be closed
September 23, 2016, 08:59:58 AM
What is beatcoin?
The idea of a digital currency in a decentralized system with a trustless consensus provided by strong cryptography is a new proposition in the history of music. .Beatcoin focus on the music world ,and aims to provide a solid choice for industry professionals.
From the most amateur composer, to the greatest dj,everybody can use beatcoin Employs a called Proof of Stake (PoS) mechanism to achieve the trustless consensus over the decentraliced network. A method of securing the network. This hands the creation of new Beatcoin back into the hands of the users and Beatcoin holders and away from large ‘miners’ and ‘mining’ farms. This ensures that Beatcoin is fair for all and that everyone using Beatcoin is rewarded in accordance with their holdings and commitment to run wallets to secure the network on the X11 algorithm that was introduced with Darkcoin (now known as Dash) and is based around a series of 11 strong cryptographic proofs to verify transactions on the block-‐ chain. This makes the transactions extremely secure without having a significant impact on performance and future development Through various means. PoS, miners compete for newly issued coins based not on the amount of electricity and computing resources spent, but rather on the number of coins owned. This crucial difference effectively eliminates the operating costs incurred in PoW mining, replacing them with the capital costs of holding coins (the “stake”). System that rewards the miners for securing the network. They do this by minting POS blocks. Pos blocks are similar to Pow or proof of work blocks. Except no power hungry mining is required to earn them. They secure the network in the same way as POW blocks and make 51% attacks very difficult. You would need to have a sufficient amount of the currency up to 51% as well as 51% of the hashpower to invalidate both the POS and POW blocks making a 51% attack very costly to the malicious person.Beatcoin virtually has no operating costs in PoS, transaction fees are far lower than in PoW Beatcoin doesn’t suffer from gradual centralization as , because all PoS miners earn the same rate of return on their coins (the “interest rate”) regardless of computing hardware or electricity costs.Besides there can be no misalignment between miners and coin holders, since they are by definition one and the same.
specifications
Quote
name:beatcoin
short name: [xbts]
algo x11
pos reward 50 coins
pow
Staking, as this is called, is to leave your wallet running, and this become one of many nodes that confirm transactions on the network. The interest rate is 2.5% annual.
block time 90 sec
retarget every block
min stake age : 24h
rpcport=26151
presenting our new roadmap and tools to grow a strong community.What is needed to get a worldwide acceptance , no merchants will even look at beats if has not an stable grow by months; is a big effort what we have to do to jump the walls we're finding on the way.
The fact of XBTS being a cc focused on music industry , brings a certain level of difficulty , not being everyone from this industry related , or even knowing about btc (after analizing this problem , we came with a solution or, what we think is a solution). So, is kind of hard job sometimes .
So, we've 100% redesigned everything ,to adjust it to the reality .
Is a long way to walk until we are in everyone mind, but we've designed a long run strategy, with the necessary checkpoints.
We're convinced that our effort will bring very positive results in a medium/long term.
Focusing in give an use for your beats in real life was very present in our thoughts during this days, that's the main reason why bitcoin is a success, because , you can use it . You know, we know and work on it , and we are ready to offer something in exchange for your beats
It will be also announced at 1-2-17, an intensive promo to get in poloniex , or at list to be present on owner minds, so , in any moment, when they appreciate constant development, stable vol and strong community, they will think about all those people requesting xbts to be added
I'm glad to announce that this promo to get in polo will be extended with 2 more options, to be on china markets, and br markets. (you'll get all the info soon)
explorers & additional nodes
mining pools
EXCHANGERS NET
CRYPTOPIA MULTI MARKET & LOTTO
https://www.cryptopia.co.nz/Exchange/?market=XBTS_BTC
download windows-qtOSX wallet. v1000-60015
LINUX
[ANN] Updated with new links (cryptopia) and Linux wallet
RELEASING TODAY:
LINUXClient
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