Posts Tagged ‘BITS’

Bitstar (BITS) Scrypt-based alternative cryptocoin

20, Apr 2014

bitstar-logo

Bitstar (BITS) is a digital savings currency offers an alternative to Bitcoin, in that the coin network is secured by the process of your wallet balance “staking” or, in traditional banking terms, earning interest. Simply deposit coins into your official Bitstar wallet and after 24 hours they will start earning interest, which you will see being deposited into your wallet by the network. The wallet offers a number of advanced features and integrated services, but can be used very easily as a simple way for you to hold your coins and become more familiar with the additional functions at your leisure.

Website:
– http://bitstarcoin.com/

Block Explorer:
– https://www.blockexperts.com/bits

Coin Specifications

  • Scrypt Algorithm PoW + PoS
  • Total PoW+POS coin supply: 54.25 million (PoW ended May 2014 at 15 million)
  • 124 coins per block
  • POS interest: currently 25%, going down to 10% and 1% annually (35% for 1st year)
  • Only 4 confirmations for a transaction
  • 80 confirmations for blocks to mature
  • 24 hour PoS staking
  • 3% initial premine for development, bounties and charity

Wallet:
– Windows
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 62124
– P2P Port: 62123

Mining Pools:
No mining pools, the coin is now PoS only.

Coin Exchanges:
– Yobit
– Bittrex


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