Bit (B1T)

Bit (B1T)

Coin Information

Blockchain icon Blockchain: Bit
Ticker icon Ticker: B1T
Type icon Type: Cryptocurrency
Block time (sec) icon Block time (sec): 60
Proof type icon Proof type: Proof of Work (PoW)
Algorithm icon Algorithm: SHA256

Price Statistics

Market Cap

Fully Diluted Valuation

Coin Supply

Circ icon Circ.: 441 356(21%)Question Mark Icon
Total icon Total: 2 100 000
Max icon Max: 2 100 000

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B1T to USD Converter

About Bit

“Why B1T?

B1T is a faster and more scalable alternative to Bitcoin, with 1-minute block times and a 2,100,000 coin cap. B1T ensures sustainable mining rewards even after block rewards end, relying on transaction fees alone. Here’s how B1T compares to Bitcoin in this regard:

1-Minute vs. 10-Minute Block Time

B1T processes 10 blocks every 10 minutes, while Bitcoin processes 1 block every 10 minutes.

B1T miners earn rewards 10 times more frequently than Bitcoin miners, providing more consistent payouts.

Transaction Fees and Long-Term Sustainability

After block rewards end, miners rely solely on transaction fees.

B1T can earn 10 times more in fees over the same 10-minute period compared to Bitcoin due to faster blocks and more frequent transactions.

Why It Matters for Miners

More Frequent Rewards: With 1-minute block times, B1T miners receive rewards more often, staying profitable even as block rewards vanish.

Higher Long-Term Profits: In the post-reward era, B1T miners will earn far more in transaction fees, making it a more sustainable mining network.

Conclusion

B1T offers 10 times more frequent rewards and more transaction fees in the long run, making it more profitable and sustainable for miners.

With faster block times and more fees, B1T ensures miners stay engaged, even after block rewards end.

Choose B1T for a future-proof, miner-friendly network that thrives long-term”

Frequently Asked Questions

We currently have no price information of Bit B1T available.
The circulating supply of Bit is 441356.
The total supply of Bit is 2100000.
The max supply of Bit is 2100000.
Bit is a decentralized coin.
Bit is a cryptocurrency running on its own blockchain.
Bit reached an all-time-high of USD on .

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B1T Markets on Crypto Exchanges

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