Beyondcoin (BYND) is a decentralized cryptocurrency, a fork of Bitcoin intended by its designers to be more feasibly mined using consumer-grade hardware.
Beyondcoin is a peer-to-peer cryptocurrency that was developed on the base of Bitcoin and has an open-source code. Unlike Bitcoin, the Beyondcoin blockchain is able to process a greater number of transactions and will be more secured.
Beyondcoin was publicly released by Beyondtoshi on September 15th, 2019 on the popular cryptocurrency forum BitcoinTalk.org with a link to the GitHub repository, a coin specification, and our vision. The vision was to create a coin with quantum proofing to solve the issue of digital currency and attacks from quantum computers. To provide a secure form of payment that is more secure than Bitcoin and Litecoin.
The creator of Beyondcoin – Kristian Kramer (Beyondtoshi), a professional developer – took the Bitcoin and Litecoin source code as a basis to create a cryptocurrency that is more secure than Bitcoin and Litecoin. Since the initial launch, Beyondcoin has developed a foundation which is ran by a board of directors including Beyondtoshi.
The full emission of Beyondcoin makes out 84 million coins, which is also 4 times more than of Bitcoin. The start reward for a block is 50 Beyondcoins. The Beyondcoin generation speed reduces twice for every 840,000 blocks. The next block reward halving for Beyondcoin is expected in September of 2023.
Beyondcoin uses the scrypt hashing proof-of-work algorithm, the same as Litecoin. Modern-day cryptocurrency mining equipment used is usually ASIC hardware but high-end GPUs can still be used albeit at a less productive rate.
Beyondcoin also has a decentralized TLD, .beyond which is ran on a P2P network that runs aside the Beyondcoin blockchain.
The Beyondcoin cryptocurrency was initially created as a more secure and optimized version of Bitcoin and Litecoin. With the planned soft fork for quantum proofing in mind to create a more stable and secure cryptocurrency that is immuned from quantum attacks.
Beyondcoin Technical Specifications
|Currency symbol||Ƀ (Unicode: U+0243)|
|Original author(s)||Kristian Kramer (Beyondtoshi)|
|White Paper||"Beyondcoin White Paper"|
|Initial release||0.15.1 / 15 September 2019 (1 year ago)|
|Latest release||0.17.1 / 06 August 2020 (>6 months ago)|
|Development status||Active (Working Product)|
|Ledger start||15 September 2019 (1 year ago)|
|Genesis block hash||"Beyondcoin, a coin created to go beyond what society believes"|
|Ledger type||Public, Decentralized, UTXO based, Scrypt POW.|
|Timestamping scheme||Proof-of-work (Partial hash inversion)|
|Issuance schedule||Decentralized (block reward) Initially Ƀ50 per block, 50% reduced every four years.|
|Block reward||50 BYND (January 2021)|
|Block time||150 seconds|
|Difficulty retarget||Every 2016 blocks|
|Block size and capacity||Max block size 1MB.|
|Block explorer||beyondexplorer.com, chainz.cryptoid.info, more...|
|Circulating supply||Ƀ7,089,350 (January 2021)|
|Supply limit||Ƀ84,000,000 (Supply limit reached in ~2140)|
|Address formats||"B" prefixed legacy addresses, "B" prefixed p2sh SegWit compatible / MultiSig addresses, "bynd1" prefixed bech32 native Segwit addresses.|
Whitepaper (Learn the details of the Beyondcoin blockchain by reading the whitepaper)
Logos & Icons (Use Logos, Icons & More)
Media Kit (Learn the important facts about the Beyondcoin blockchain by the media sheet quickly)
Running a full node (Run a full copy of the Beyondcoin blockchain)
Running a full open node on a Linux server (Run a full copy of the Beyondcoin blockchain on Linux serving other nodes)
Exchanges (Buy, Trade & Sell BYND)
Wallets (Manage & Securely Store your BYND)
Explorers (Detailed information about Beyondcoin blocks, addresses, and transactions)
Faucets (Earn BYND)
Mining Pools (Manage & Securely Store your BYND)
Places to spend BYND (Spend BYND)
Social Media (Primary social media platforms to keep up with the latest news)
Discord (Most popular way to engage with the Beyondcoin Community)
Telegram (Another great way to engage with the Beyondcoin Community)
Beyondcoin Related Websites
Official Website (Official Beyondcoin Website)
Beyondcoin Forum (The official Beyondcoin Forum)
Beyondcoin Donations (Donate to the Beyondcoin Project)
Beyondcoin Pool (The first Beyondcoin mining pool)
- White Paper (The Beyondcoin Whitepaper)