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Investing in your Bsgcoin and your rewards
Fast, easy, stable and more secure
It also is ways based on blockchain technology
The masternode system is referred to as Proof of Service (PoSe) - provide crucial services to the network. Miners power the first tier (PoW), Masternodes power the third tier. The owner of masternode earn reward for PoSe. Each masternode is “secured” by 5000 Bsgcoin Those Bsgcoin remain under the sole control of their owner at all times, and can still be freely spent. However, if the funds are moved or spent, the associated masternode will stop receiving rewards.
Rather than needing vast amounts of computer power to secure the network as in Proof of Work (PoW) - the first tier, Bsgcoin is more secure with the second tier - Staking with Proof of Stake (PoS). PoS is based on "coin age". Coin age is calculated by multiplying the number of coins by the "age" of these coins i.e. the amount of time since they were last transacted. This means owner can contribute to network security with almost any computer and earn reward.
Bsgcoin, like Bitcoin and most other cryptocurrencies, is based on a decentralized ledger of all transactions, known as a blockchain. This blockchain is secured through a consensus mechanism; known as Proof of Work (PoW). Miners attempt to solve extremely difficult math problems with specialized computers. If their solution is correct and the network verifies that correctly solved, a new block is added to the blockchain and the miner is rewarded with Bsgcoin.
Bsgcoin Wallet is the full official release of Bsgcoin, and supports all Bsgcoin features as they are released. Bsgcoin Wallet (sometimes known as the QT wallet, due to the QT software framework used in development) is a professional or heavy wallet which downloads the full blockchain (several GB in size) and can operate as both a full node or masternode on the network. Because of the requirement to hold a full copy of the blockchain, some time is required for synchronisation when starting the wallet. Once this is done, the correct balances will be displayed and the functions in the wallet can be used. Bsgcoin Wallet is available for Windows, Linux and macOS.
We know positively that there is space for improvements in any modern area of activity, including finances.
The goal of any financial system is to ensure efficient operation of a currency with minimal costs, reducing fees, bringing more benefit for the end users. We believe that improving existing financial systems, as well as designing and implementing new ones that would serve the same goals even more efficiently is a necessity.
Our mission is to develop a new financial system, more efficient, more benefit, i.e. providing all the same functions at less cost for the users.