Betacoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Betacoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Betacoin is also the name of the open source software which enables the use of this currency.

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
NO PREMINE - was announced on cryptocointalk after first block was mined.
Default Port: 32333
RPC Port: 32332