BPS coin is a decentralized cryptocurrency based on the Bitcoin protocol with PoS (Proof-of-Stake) consensus algorithm. It was created in 2014 by an anonymous developer.
BPS Coin Price
Today is $0.074630 USD, with a 24-hour trading volume of $13,812,678 USD. BPS price is down -1.3% in the last 24 hours. The circulating supply is currently 140 Million coins and a total max supply of 210 Million coins.
BitcoinPoS Latest News
– BPS/BTC and BPS/ETH trading pairs are now available on Hotbit
– BPS was listed on KuCoin: Trading Opens for BPS/BTC and BPS/ETH
– BitcoinPoS (BPS) is now available on CoinSwitch
How to buy BitcoinPoS (BPS)?
BitcoinPoS (BPS) can be bought on the following exchanges:
- Huobi Global
What is BitcoinPoS?
BitcoinPoS is a new cryptocurrency that uses the Proof of Stake algorithm. It is an energy efficient way of securing the network as compared to the Proof of Work algorithm used by Bitcoin. The developers claim that it is more secure and scalable than Bitcoin.
How does it work?
The Proof of Stake algorithm is a consensus mechanism that is used to validate transactions on the network. The nodes (users) that hold the coins can stake their coins to earn rewards. The more coins you stake, the higher the chances of you being able to validate a block and earn the rewards.
What are the benefits?
The main benefit of using the Proof of Stake algorithm is that it is more energy efficient than the Proof of Work algorithm. This means that it requires less electricity to run a node on the network. It is also claimed to be more secure and scalable than Bitcoin.