Bitstar coin is a Proof-of-Stake currency which was initially distributed through a six-week Proof-of-Work mining phase.
Alongside integration with SuperNET, with regards to the rolling out of multicurrency ATM machines in Cyprus, we are also participating in an experimental project which utilises a new coin whose initial distribution will be by way of the burning of BITS coins in return for a proportional share.
This will result in the reduction of both the current and max coin totals for Bitstar.
|Algorithm:||Now full PoS (was Scrypt PoW)|
|Total PoW+POS coin supply:||20.1M as of 08 Feb 16.|
|POS interest:||35%, 25%, 10% and 1% changing annually.|
|very low transaction fees||( 0.001 )|
|Only 4 confirmations for a transaction|
|80 confirmations for blocks to mature!|