Description
Bean Cash, formerly known as BitBean, is a digital currency project focused on providing a fast, efficient, and environmentally friendly method of value transfer. Operating under the ticker symbol BEAN, Bean Cash stands out by utilizing a Proof of Bean (PoB) algorithm, which is a unique form of proof-of-stake (PoS) consensus mechanism. This approach not only minimizes energy consumption compared to traditional proof-of-work (PoW) systems but also aims to enhance network security and user participation in the blockchain's growth and maintenance. The project's website, http://www.beancash.org/, outlines its vision to create a scalable and sustainable digital cash system capable of everyday transactions with a near-zero fee structure. One of its key features is static block rewards, which are designed to reduce the deflationary pressures commonly found in other digital currencies by encouraging spending and circulation. Bean Cash also emphasizes its use for microtransactions, given its quick transaction confirmation times and low costs, positioning itself as a practical solution for small-scale online purchases. With an eye towards creating a decentralized financial ecosystem, Bea...
Bean Cash, formerly known as BitBean, is a digital currency project focused on providing a fast, efficient, and environmentally friendly method of value transfer. Operating under the ticker symbol BEAN, Bean Cash stands out by utilizing a Proof of Bean (PoB) algorithm, which is a unique form of proof-of-stake (PoS) consensus mechanism. This approach not only minimizes energy consumption compared to traditional proof-of-work (PoW) systems but also aims to enhance network security and user participation in the blockchain's growth and maintenance. The project's website, http://www.beancash.org/, outlines its vision to create a scalable and sustainable digital cash system capable of everyday transactions with a near-zero fee structure. One of its key features is static block rewards, which are designed to reduce the deflationary pressures commonly found in other digital currencies by encouraging spending and circulation. Bean Cash also emphasizes its use for microtransactions, given its quick transaction confirmation times and low costs, positioning itself as a practical solution for small-scale online purchases. With an eye towards creating a decentralized financial ecosystem, Bea...
