Bitbar

Bitbar 02/05/2013
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Crypto Currency > B
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Bitbarwebsite


Bitbar BitBar is a cryptocurrency designed to be extremely rare and thus hold a larger store of value per unit than conventional cryptocurrencies such as Bitcoin or Litecoin.

It is based upon the Novacoin codebase which uses Scrypt as the hashing algorithm and the fast continuous exponential difficulty adjustment/reward of PPCoin. This makes it highly ASIC resistant, meaning specialist mining equipment built into chips is very costly to manufacture efficiently. (thanks mr_random)

Technical:
* Proof of Stake + Proof of Work (based off of Balthazar\'s Novacoin code as well as the RareCoin and Fairnova projects)
* No premine like Novacoin has been accused of having
* Dynamically adjusting difficulty and reward calculation

Psychological: * Ultra rare * Is the first altcoin that is trading at a higher value than BitCoin per unit (correct me if I\'m wrong) * Novel \"bar\" concept -- breaks from the \"coin\" idea. Bar concept holds meaning in people\'s heads as inherently more value than \"coin\", i.e. \"gold bar\" vs \"gold coin\"

Information Bitbar Scorecard

Merchants No
Audited No
Website Yes
Twitter Yes
Coin Market Cap Yes
CoinWarz Yes
CoinGecko Yes

Total 44%
Please invest at your own risk


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Information Information

Launched: Thursday, 02 May 2013
Hash Algorithm: SHA-256
Symbol: BTB
Block Time: 10.00 minute
Scheme: Proof-of-Work

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This information is not yet available.

Windows wallet Source & Wallet

Useful links Useful links

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Extra information Extra information & Specifications

Specifications: Ultra rare
Scrypt hashing
POW+POS
Fast, continuous difficulty and
reward calculation
Reward of 1 BTB per 10 minutes and quickly dropping
Dynamically adjusting difficulty and reward calculation

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