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 Bitcoin open-source code

  • Classic SHA-256 Algo, Proof of Work*
  • Block target: ~4 minutes (2.5x faster than Bitcoin)**
  • Transaction Comments!!!
  • 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)
  • Fast difficulty adjustment - every 6 blocks difficulty changes plus or minus 1-2% from current network.

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.

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Betacoin is an open source project

Hosted on GitHub

View Source Code