The Bsgcoin is a PoS/Masternode cryptocurrency developed with POS proof of stake.

Bsgcoin is a safe, anonymous, fast and highly profitable coin with PoS/Masternodes and advanced reward system with Long-Term Development & Support.

Base Specs:

  • Algorithm (PoW/PoS): C11/SHA256d
  • Block Time (PoW/PoS): 1 minute/1 minute
  • Maturity: 90 blocks
  • Difficulty Retargeting: every block
  • Total Supply: 36,800,000
  • Masternode Rewards: 25 BSGs of the POS blocks since block 1500, after block 1,000,000 50% of the PoS block reward
  • PoS coins maturation: 24 hour

Mining

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.

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Staking

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.

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Masternode

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.

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