Cryptocurrencies Are Booming
Cryptocurrencies have taken the world by storm, and whether it be the mainstays of Bitcoin (BTC) or Ethereum (ETH), or even fan favorites such as Dogecoin (DOGE) or Shiba Inu (SHIB), it is safe to assume that everyone is gradually becoming increasingly involved with cryptocurrencies.
Bitcoin was the first cryptocurrency and it was originally founded over a decade ago. Over time, the digital asset’s value and price skyrocketed, to the point where it even reached over $60,000 per BTC. Many celebrities and mainstream influential individuals have thus also become involved with cryptocurrencies, with some of the more notable participants being the likes of Mark Cuban, Jack Dorsey and Elon Musk.
As per the latest information provided by CoinGecko, Bitcoin’s market capitalization has reached over $1,095,773,951,000, which is a groundbreaking accomplishment no matter how anyone may look at it. As a direct result of Bitcoin’s success, many other cryptocurrencies have also emerged. One cryptocurrency, in particular, has been slowly building itself up to the point where many actively consider it to be a viable investment for the long term.
The cryptocurrency in question is known as BixBcoin, with the official ticker being BIXB. This is a P2P cryptocurrency that was launched in the first quarter of last year, and its consensus algorithm is primarily geared towards PoW (Proof-of-Work). The total amount is also fixed, namely 3,000,000.
Essentially, BIXB is a digital asset that uses blockchain technology to promote and facilitate financial transactions that are not governed by any given government. It is said to be highly secure, quick, and has few constraints and limitations. www.bixbexplorer.com can also be visited to view the transactions’ history at any time.
Improving blockchain
Whereas Bitcoin remains the flagship cryptocurrency to this day, the cryptocurrency community has since simultaneously diverted its attention to other cryptocurrencies as well. In fact, Ethereum, Bitcoin’s biggest rival, reached the heights that it did mainly because it took the concept of using blockchain technology which was initially introduced by Bitcoin and strived to improve upon it.
Ever since then, all kinds of different cryptocurrencies have been trying to do the same, namely improve the pre-existing blockchain technologies in an attempt to enhance the cryptocurrency and DeFi sector.
BixBCoin similarly improves upon the standard blockchain-based payment method by adding value to money. A strong, safe, and dependable asset had thus been created to allow its users to pay and transfer BIXB across borders without the use of banks or middlemen. It is hence a digital asset that is constantly available with no storage costs and produces value. Like many other cryptocurrencies, BixBcoin strives to provide speed, precision, and security which enables traders to conduct simple and secure transactions easily.
Important features
As is the case with any cryptocurrency, it is vital to be made aware of the corresponding features. To that end, a good cryptocurrency’s top features are usually centered around heightened security, fast and low-cost transactions, and the general usage of blockchain technology to provide a top-of-the-line financial service across multiple platforms. This is what many cryptocurrencies in the market are actively doing, such as that of the aforementioned Ethereum, as well as Cardano (ADA), Solana (SOL), Polkadot (DOT) and BixBcoin too.
Moreover, there is also the ‘BIXB Wallet’, which is said to assist in enhancing the overall performance and functionality of the project. The wallet is currently available on Windows, Linux, Android, and via the web. Lastly, the source code for BIXB is always available on GitHub for anyone who wants to look at it. It can thus be found at https://github.com/Bixbcoin/Bixbcoin-core. In summary, the source code contributes to the project’s stability and transparency.
There are also other aspects that can be taken into consideration such as the ‘BIXBPay Gateway’, ‘Loanypto’, incentive programs, and the involvement with the booming gaming industry via the likes of ‘Victory Games’ as well as ‘Toto’. NFTs in particular have become increasingly popular with the gaming industry as of late.
Once again, these are all features that can be readily found in other cryptocurrencies as well, which goes to show the overall improvement that the cryptocurrency industry has experienced ever since Bitcoin was originally founded by Satoshi Nakamoto.
Rewards
With any cryptocurrency, it would ideally need capable miners to help solve complex mathematical equations and thus help confirm the transactions. In order to incentivize the miners, BixBcoin has therefore offered a reward of up to 0.01 BIXB for each miner. https://bixbminingpool.com has more information. Likewise, Bitcoin, Ethereum, and many other cryptocurrency projects also reward their miners in a similar way, and Cardano’s staking system is actively considered to be one of the most rewarding initiatives that can be found in the market today.
The importance of exchanges
Cryptocurrencies would also ideally need to be listed in several exchanges in order for them to be made usable and tradable. BTC, USDT, ETH, ADA, SOL, DOT and many more can thus be found on some of the top exchanges in the world like Binance and Coinbase.
While it remains true that BixBcoin does indeed have its very own exchange called BIXB EXCHANGE, the cryptocurrency is also accessible on Coinsbit and Hotbit. The availability of BIXB on Hotbit, in particular, gives a chance to enjoy the benefits of using a consumer-friendly platform with cheap transaction fees and no limits. Transaction and gas fees along with network congestion in particular are a problem that have adversely affected some of the top cryptocurrencies in the past, such as Ethereum. Also, BIXB may be traded on Hotbit using both BTC and USDT pairs, as well as a variety of fiat currencies. Many altcoins are also similarly tradeable using BTC and USDT pairs.
Additionally, Hotbit generally offers some appealing incentive investment projects, and BIXB is currently on that list, with a stated APY of a little over 60%. On October 25th, 2021, the ‘BIXB 90-Day Lock-Up Official Incentive Plan’ became available for purchase. The original yearly rate of return was stated to be 60.6%, with the interest term calculated as (T+1) and automatic redemption after every 90 days. Visit https://hotbit.zendesk.com/hc/en-us/articles/360024169934 for more information.
Are cryptocurrencies worth it after all?
Of course, each cryptocurrency would certainly have its own pros and cons. Bitcoin, for instance, is the world’s biggest cryptocurrency by market capitalization, but its transaction speeds can be quite slow. Shiba Inu has experienced explosive growth this year, but it is unknown as to how long this will last. For BixBcoin in particular, despite initially publishing a roadmap and a white paper on www.bixbcoin.io, the team was also able to eventually demonstrate their support, dedication, and individual responsibility over time. This made many BIXB supporters happy with the project’s direction for the future.
Regular updates, a noteworthy presence on reputable and trustworthy cited websites, the lack of problems in various applications and systems combined with the team’s responsiveness which would appear to be the consequence of building a devoted, talented, and trusted staff across a wide variety of countries are all aspects that would greatly help any given cryptocurrency, and BixBcoin is no exception.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.
Published at Tue, 30 Nov 2021 16:00:00 +0000
