Beyondcoin

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Beyondcoin (BYND) logo

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 History

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.

Technical Characteristics

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.

Main Features

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.

Price

Beyondcoin (BYND) price is available on CoinGecko and CoinMarketCap.

Wallets

Beyondcoin Technical Specifications

Denominations

Plural Beyondcoins
Ticker symbol BYND
Currency symbol Ƀ (Unicode: U+0243)
Precision 10−8

Subunits

mBYND (miliBeyondcoin) 1/1000
µBYND (microBeyondcoin) 1/1000000
bsat (Beyondtoshi) 1/100000000

Development

Original author(s) Kristian Kramer (Beyondtoshi)
White Paper "Beyondcoin White Paper"
Implementation(s)

Beyondcoin Core
Beyondcoin (Beyondcoin projects & repositories)

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)
Website Beyondcoin.io

Ledger

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)
Hash function Scrypt
Issuance schedule Decentralized (block reward) Initially Ƀ50 per block, 50% reduced every four years.
Block reward 50 BYND (March 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.
SegWit support Active

Beyondcoin Guides

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)

Beyondcoin Ecosystem

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)

Beyondcoin Community

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)

See also on BeyondcoinWiki

External Links