I love this because all you gotta do is leave your BitBean wallet running and it will basically mine more "bean cash" aka "coins". They said you can mine new coins everyday and there's nothing to it. The more Beancash you have the more Beancash you can create as passive income. Not only that, its pretty fast when you transfer and they sell point of sale machines. Right now theyre about 1 penny right now on the Bittrex exchange!
What is Bean Cash?
Bean Cash (Ticker: BEAN) is a re-brand of the digital currency and network, previously known as BitBean (Ticker: BITB). The BitBean block chain and network began nearly 3 years ago on February 13th., 2015. It was the first 'crypto-currency' to implement a maximum of 20MB block sizes, based on Gavin Andersen's proposals to fix Bitcoin's scalability limitations. BitBean was also the first 'crypto-currency' to pioneer the use of static block rewards in a Proof of Bean (PoB) system -- which now makes energy wasting PoW (Proof of Work) systems, inefficient, expensive and archaic!
Bean Cash inherits BitBean's mature blockchain and rock-solid network, becoming one of the most super-Green digital currencies on the market today! While other blockchains continue to hardfork, roll-back transactions, and change their protocol (Bitcoin Segwit), Bean Cash has never had a hardfork or transaction roll-back. Bean Cash (formerly BitBean) had no IPO, pre-mine or swap. Blockchain integrity is one of the defining features of Bean Cash.
Bigger & Faster - How Does That Benefit Me?
With a block size of 20MB and a 60 second target block time, Bean Cash enables near real-time confirmation of transactions in blocks. A single confirmation can take as little as 20 seconds to become confirmed. Within a minute or less, Bean Cash verifies, validates and settles transactions in near real-time, something many other leading 'crypto currencies' fail to do in the same time period. Another benefit for merchants, with Bean Cash, there is zero counter-party risk and no charge-backs! This provides real value to the market, by improving on the charge-back prone, lengthy settlement times, and expensive fees associated with credit cards and Bitcoin (Bitcoin Segwit fees can range as high as $15-$30 USD or more per transaction!). With Bean Cash, transactions can be as low as a fraction of a cent!
What problem is Bean Cash Solving?
Bean Cash's mission is: "To be an enduring digital currency, with high integrity, a store of value and a means of exchange for every day transactions -- that stands the test of time!" In its mission to be a transaction-centric digital currency with real-world use, one of the main goals for Bean Cash, is to solve the "last mile" issue in the digital currency space. Instrumental in achieving this objective, will be to partner and work with companies that implement Bean Cash at the Point of Sale/Service. Bean Cash builds on the original Bitcoin protocol, which is turing complete and has the capability to handle 'Smart Contracts'. To realize this potential, Bean Core will be working to fix and re-enable the dormant Op-codes in its protocol. With the original Bitcoin Op-codes restored, along with new ones added, it will be possible to build a higher level language and environment on-top, allowing Bean Cash to reach a wider market of developers and adoption.