Cryptocurrency BitConnect Breaks Records in Value and Market Cap
CryptoCurrency's Record Growth
ASHFORD, United Kingdom, March 27, 2017 /PRNewswire/ -- BitConnect Coin (BCC) has announced a new record high, in terms of value and market capitalization. The cryptocurrency's record growth, in a matter of few months, come as the development takes off with the introduction of a range of new apps and a bright outlook towards the future innovations in 2017.
BitConnect Coin (BCC) is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store, invest their wealth and even earn a substantial interest on the balance stored in the wallets. BitConnect Coin has only been a market currency since the 11th of January, 2017, but has already gained a significant global following. Starting from its conceptualization in the fourth quarter of 2016, BCC has just this week set a new record for value per coin and market capitalization.
According to the leading cryptocurrency market website CoinMarketCap, BCC breached the top 20 chart for alternative coins in total capitalization value. BCC's total market capitalization has surpassed the $10 million (USD) mark, to make it the fastest growing altcoin. This sharp increase in market cap has resulted in a matching growth in the coin's value, which passed the $2.00 mark at around the same time. BCC developers see the impressive growth rate as a very positive early sign. By comparison, even the most dominant and valuable cryptocurrency Bitcoin, took over two years to reach the same price.
BitConnect's Head of Development, Satao Nakamoto while describing the cryptocurrency's mission said, "BitConnect's mission is to provide crypto-education and multiple investment opportunities to empower people financially. There are many features and functions to come in 2017. BitConnect's mission is to become the leading crypto-community in the world when it comes to functionality and user base by the year 2020."
The official beta launch of BitConnect's application for Android and iOS mobile platforms will have a positive effect on BitConnect Coin, leading to a further increase in demand and price of the cryptocurrency. In the coming months, BCC will see more innovation, along with the addition of convenience features. The awaited developments in BCC ecosystem includes the launch of BCC Mining and Staking Pool that provides a way for the community to earn; BCC mining and minting rewards; brand new mobile and paper wallets; and BCC Smart Card to allow people use the cryptocurrency for daily use.
BitConnect Coin is designed to offer financial freedom to the masses by reducing if not eliminating the dependency on centralized banking and financial institutions. In addition, the cryptocurrency is also more secure than conventional financial instruments, eliminating the chances of identity theft and other issues that currently plague fiat based electronic payments infrastructure. BitConnect Coin offers a new level of empowerment to its community members. Members can connect socially and financially to a secure, protected community of investors and lenders. By connecting with the community, BCC users can increase the value of their coins in the wallets as the cryptocurrency's price increases.
In less than one year, the BitConnect online community has gained over 50,000 members around the world. It has also added a news department, engaged with online leaders like Kim Dotcom, successfully launched its own digital currency, added a proprietary Bitcoin wallet, launched an innovative global Bitcoin lending program, and surged from zero traffic to a top 100k Alexa ranking. BitConnect has become simply the world's fastest growing online Bitcoin community.
Coin Tech Specifications/Details
BitConnect Coin is a Script (PoW/PoS) consensus algorithm based cryptocurrency with a finite number of tokens. The total number of BCCs are limited to 28 million. The limited number tokens ensure constant appreciation of value in the light of ever increasing demand. The algorithms used on BCC protects the decentralized nature of the platform. BitConnect Coin facilitates quick transactions between wallets allowing people to make instant transactions between each other or to pay for goods or services. Unlike Bitcoin, the block generation time on BCC platform is 2 minutes. These features prevent transaction backlogs and at the same time also proves to be more rewarding during the PoW phase, where miners stand to receive a block reward of 10 BCCs.