© Brought to you by the Bitbar Team 2017
Hashing Algorithm
Genesis Date
Block Time
Total Supply
Reward *
Difficulty Retarget
Port
RPC
* reward is re-targeted every block
Scrypt Pow/PoS
May 2, 2013
10 Minutes
500,000
see status page
1
8777
9344
Welcome
BitBar is a cryptocurrency designed to be
extremely rare and thus hold a larger
store of value per unit than conventional
cryptocurrencies such as Bitcoin
Bitbar was designed to be a storage of wealth in the same way Bitcoin is,
however with the addition of Proof of Stake another level of Security was added.
This
mechanism
gives
users
who
don't
have
access
to
specific
mining
hardware
the
ability
secure
the
network
as
a
shareholder
by
staking,
while
generating
rewards at a level of inflation to mimic the real world.
Bitbar
was
not
designed
to
be
used
for
payment
of
goods
and
services
the
was
Bitcoin
is
-
but
as
a
means
of
storing
your
wealth,
the
way
gold
does
for
fiat.
Plus it has the added benefit of making 5% annual interest through staking!
© Brought to you by the Bitbar Team 2017
How long does it take to stake
Proof of Stake blocks are eligible after 30 days.
Rewards also depend on Coin age of transactions. Every transaction is eligible for POS
after 30 days, and up to 90 days. If a transaction is left untouched for 30 days, it will
begin to try and stake a block on the network. If it stakes at this point, the transaction
will split into two smaller equal outputs totaling the initial stake amount.
At 90 days, it would be considered fully Mature and when it stakes, it would not split
into two transactions, and the reward, if eligible, would be added to the original
transaction.
Once the transaction is older than 90 days it does gain extra coin age, but the proof of
stake reward will not grow past the 90 day full maturity level.
At the time of this writing, around 4-5 BTB would be required at full maturity to stake
interest. If you want rewards, you will have to combine your mined blocks into a large
enough transaction meeting the criteria above to gain reward. , and can take longer
depending on the amount being staked.
For maximum stake, one must wait 90 days. (Also wallet cannot be locked)
What is the reward per block
One of Bitbars Unique features is that it has a block re-target every block along with a
reward re-targting according to the difficulty of the last received block.
You can always check the block explorer at http://btb.altcoinwarz.com
Why so many stakes for 0.00 BTB
There is a minimum amount to stake to get rewards in the current code, if they are
small amounts, they will not get a reward.
Proof of Stake is a concept Bitbar adopted from peercoin, which gives the currency a
variable inflation rate, but also an energy efficient way to generate blocks for much less
energy required by miners.
There was a block reward De-synchronization issue that was noticed and fixed in Bitbar
by the Developer of peercoin, Sunny King. This is why currently small rewards are
rounded down.
