BBS coin is a cryptocurrency with it's own blockchain for transactions, that allows webmasters to offer BBS coins as a point exchange/swap perk on their websites or forums for their members. Members who opt-in can then exchange their BBS coins with other members or withdraw to their own BBS wallet for holding(also known as hodl) or may send it to their account's BBS address on one of the Exchanges where BBS coin is listed on to exchange for other cryptocurrencies like BitCoin(BTC) and LiteCoin(LTC). We use Cryptonight Lite v7 as the algorithm for the software.
Because BBS is a coin then it makes it mineable, meaning you could share your computing power with a BBS mining pool(see under ECOSYSTEM) to help find new blocks on the blockchain which holds the records of newly created transactions and help confirm them by verifying the balance of the senders of the transactions with previous blocks. You will get a share of the reward for helping find the next block (Check the current 'Reward' under the next section).
We made the coin easy to mine, so anyone can share a part.
We designed the coin to have a large supply so you will never worry about the fractions.
We leverage Ring Signatures to give you true privacy so you can integrate whatever your need is.
We think a coin by itself means nothing. So an ecosystem and easy to consume API was planned from the beginning.
On this list we will try to explain the basic live statistics you will see around the BBS Coin network of websites like on the main page, the mining pool, and the blockchain explorer.
This graphic displays the total amount of BBS transfarred per block in a 24 hour lifespan, these are known to be as on-chain or on-blockchain transactions. We have excluded the block reward transactions from this graphic, that is why there are some blocks missing as such blocks had no additional transactions attached to them besides the block reward. Also transactions inside the exchanges are not recorded on the blockchains as they happen within their system or BBS wallet and are known as off-chain transactions. On-chain transactions do include deposit/withdrawal transfers to/from exchanges and other transfers or movement of BBS coins.
Below are the official exchanges where you may trade BBScoin(BBS). Currently the exchange markets for which BBScoin is traded from/to are Bitcoin(BTC) and Litecoin(LTC) . On this list we included the on-chain transactions volume for comparison view. Normally you will have to make some kind of deposit/transfer to the exchange, either BBScoin you acquired from someone or mining or some other coin you already have that is supported by the exchanges and used to acquire BBS by exchanging them for BTC then using the BTC to exchange for BBS.