About Betacoin

Betacoin is a decentralized Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in some specifications. Betacoin provides faster transaction confirmations (4 minutes average block generating time). The Betacoin network is scheduled to produce 32 million currency units.

Specifications

  • Betacoin (abbreviated BET) is a peer to peer decentralized currency based on latest Bitcoin open-source code
  • Classic SHA-256 Algo, Proof of Work*
  • Block target: ~4 minutes (2.5x faster than Bitcoin)**
  • Transaction Comments!!! Public, stored in blockchain, with lots of future implementations
  • Total coin supply: 32 million coin units (will be mined in ~6 years) + small per year supply.***
  • Block reward 128 coins, halving every 126000 blocks (~1 year)

Terminology

Address
A Betacoin address is similar to a physical address or an email. It is the only information you need to provide for someone to pay you with Betacoin. An important difference, however, is that each address should only be used for a single transaction.