About BitcoinPoS
BitcoinPoS (BPS) is a cryptocurrency launched in 2020. BitcoinPoS has a current supply of 6,206,187 with 5,994,733.1300042 in circulation. The last known price of BitcoinPoS is 0.01524742 USD and is up 0.00 over the last 24 hours. It is currently trading on 6 active market(s) with $0.00 traded over the last 24 hours. More information can be found at
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Market Stats
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Network | Address |
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Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.0169 | 0.00% |
1 Year | $0.0064 | 0.00% |
Coinbase insights
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FAQ
BitcoinPoS is a revolutionary peer-to-peer payment network that is driven entirely by its users, with no central authority or intermediaries. BitcoinPoS combines Bitcoin with proof-of-stake consensus, one of cryptocurrency's crucial technological breakthroughs. BitcoinPoS is not a fork of the Bitcoin Network. It is a decentralized cryptocurrency that is flexible, quick, and permissionless, with no need for third-party providers or a central authority.
As per the whitepaper, BitcoinPoS seeks to address Bitcoin's centralization issues by swapping the Bitcoin proof-of-work method with a Bitcoin proof-of-stake algorithm. BitcoinPoS is less reliant on electricity and has lower entry barriers in hardware. Moreover, it is more available and readily decentralized. The platform is considered eco-friendly due to its mild electricity utilization. It is more immune to 51% attacks due to its decentralized-by-design architecture. Bitcoin PoS decreases energy usage by 99% by adopting the POS algorithm. The platform aims to introduce the Mutualized proof-of-stake (MPoS) consensus function to further prevent an attacker from disrupting the Bitcoin PoS network. For hostile actors, MPoS presents an unreasonably high cost barrier.
Proof of stake protocols are simple and do not impose enormous technical expectations on stakers. Thus Bitcoin PoS reduces the need for a mining setup. A primary purpose of Bitcoin PoS architecture is to reduce the pressure on network participants. Public and private-key signatures are used in Bitcoin PoS transactions. After a public key is validated, the sender signs a private key. Bitcoin PoS transactions are considered safe because of double-spending attacks while maintaining the fundamental Bitcoin transaction infrastructure.
BPS is the native token of the Bitcoin PoS network. Token holders receive rewards according to their stake size. Bitcoin PoS collects transaction fees and utilizes the funds to compensate stakers for securing and verifying the network.
The Bitcoin Proof-of-Stake team is dedicated to improving blockchain technology, starting with making Bitcoin green. BitcoinPoS strives to be a world-class financial asset offered on the Bitcoin market.
The total supply of BPS tokens is 21 million coins.
We update our BitcoinPoS to USD currency in real-time. Get the live price of BitcoinPoS on Coinbase.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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