Bitstar (BITS)

Bitstar Coin (BITS) is a fast internet cryptocurrency with low transaction fees. With an average block time of 30 seconds and very low network fees, Bitstar Coin enables fast and cost-effective transactions. It utilizes the Proof of Stake algorithm to secure its network, allowing users to earn coins simply by holding coins in their wallet and keeping it open. By depositing coins into the official Bitstar wallet, users become eligible to start earning interest, which the network deposits into their wallet. The amount of interest earned increases with the number of coins held and the duration of wallet usage.

Bitstar Coin has set ambitious goals for 2018, including developing a rebuilt peer-to-peer exchange and a fully-fledged marketplace. These targets aim to enhance the coin’s security and facilitate its practical use as an everyday resource. The cryptocurrency can be obtained through various centralized exchanges, such as Nova Exchange and Cryptopia. Additionally, Bitstar Coin is working on adding support for the decentralized exchange Barterdex and their person-to-person exchange. To start with Bitstar Coin, users can download the official client from the provided links, or compile the wallet themselves from the source code.

Bitstar Coin’s specifications include a current circulation of 19.10 million coins, very low transaction fees starting from 0.001 bits, and only four confirmations required for a transaction. The coin rewards users with 1 Bitstar per block, and the minimum stake age for earning interest is eight hours. To ensure maturity, 120 confirmations are required. Bitstar Coin boasts an ever-decreasing inflation rate and has established partnerships, such as the one with Globalbitpoint ATM, as part of its vision for full e-commerce integration. The project has recently completed a migration to a more efficient wallet and has published a roadmap for 2018, outlining its plans for expansion and development.