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BERNcash (BERN) is a cryptocurrency created with the goal of providing a method for individuals to contribute to political parties or candidates without relying on traditional fiat currency. It was designed to empower the people and eliminate the need for big banks, which many consider to be detrimental to the financial system. By using BERN, users can instantly and securely make contributions with low fees, while avoiding the current banking system that has been viewed as oppressive for centuries.
BERNcoin operates on a hybrid Proof of Work (PoW) and Proof of Stake (PoS) system. This means that coins are generated through mining and staking. Mining can be done easily with just a few clicks, while staking allows users to earn a 10% annual reward on their BERN holdings by holding them in their wallet for more than 24 hours. To stake, users must ensure their BERN wallet is running, fully synced, and unlocked.
As a newcomer to the world of cryptocurrencies, you might be wondering how to acquire BERNcash. Unlike some other coins, there is no centralized exchange specifically for BERN, but there are various ways to obtain it. One option is to purchase Bitcoin using the USD trading pair on Coinbase, which is widely accepted. Coinbase also provides a list of exchanges that offer BERN for purchase.
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