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Bellscoin (BEL) is a meme-based cryptocurrency that initially launched in 2013 but failed to attract significant attention and was eventually forgotten for some time. Recently, it has been revived and gained more recognition thanks to technological advancements and its merged mining feature, which allows it to be mined alongside more popular cryptocurrencies like Dogecoin and Litecoin.
### **History and Development of Bellscoin**
Bellscoin was created as a fun cryptocurrency, inspired by the in-game currency “Bells” from the popular game *Animal Crossing*. Billy Markus, who co-founded Dogecoin, also developed Bellscoin with the goal of making cryptocurrency more accessible and fun for users, particularly those unfamiliar with complex technologies. Bellscoin uses the Scrypt algorithm, the same as Litecoin and Dogecoin, allowing it to be mined using common hardware such as GPUs and CPUs【9†source】.
Although launched around the same time as Dogecoin, Bellscoin did not gain the same level of traction and soon faded into obscurity. However, in 2023, the community revived the project, leading to new growth, particularly with the introduction of merged mining. This feature enables Bellscoin to be mined simultaneously with Dogecoin and Litecoin, thereby increasing network security and profitability for miners【9†source】【10†source】.
### **Epoch Mechanism and Reward Reduction**
Currently, Bellscoin is entering Epoch 4, during which mining rewards will drastically decrease, from 50% down to just 5 BEL per block. Similar to Bitcoin’s "halving" mechanism, this reduction is aimed at controlling inflation by limiting the number of new coins entering the market. When Bellscoin reaches Epoch 5, rewards will stabilize at 2 BEL per block, following a strategy similar to Dogecoin’s “tail emission,” which keeps a steady release of coins to maintain long-term value【10†source】.
### **History and Development of Bellscoin**
Bellscoin was created as a fun cryptocurrency, inspired by the in-game currency “Bells” from the popular game *Animal Crossing*. Billy Markus, who co-founded Dogecoin, also developed Bellscoin with the goal of making cryptocurrency more accessible and fun for users, particularly those unfamiliar with complex technologies. Bellscoin uses the Scrypt algorithm, the same as Litecoin and Dogecoin, allowing it to be mined using common hardware such as GPUs and CPUs【9†source】.
Although launched around the same time as Dogecoin, Bellscoin did not gain the same level of traction and soon faded into obscurity. However, in 2023, the community revived the project, leading to new growth, particularly with the introduction of merged mining. This feature enables Bellscoin to be mined simultaneously with Dogecoin and Litecoin, thereby increasing network security and profitability for miners【9†source】【10†source】.
### **Epoch Mechanism and Reward Reduction**
Currently, Bellscoin is entering Epoch 4, during which mining rewards will drastically decrease, from 50% down to just 5 BEL per block. Similar to Bitcoin’s "halving" mechanism, this reduction is aimed at controlling inflation by limiting the number of new coins entering the market. When Bellscoin reaches Epoch 5, rewards will stabilize at 2 BEL per block, following a strategy similar to Dogecoin’s “tail emission,” which keeps a steady release of coins to maintain long-term value【10†source】.
Bellscoin (BEL) is a meme-based cryptocurrency that originated in 2013. It was inspired by the in-game currency "Bells" from the popular video game *Animal Crossing*.
Created by Billy Markus, who later became famous for co-founding Dogecoin, Bellscoin aimed to bring fun into the crypto world by mimicking the playful spirit of the game.
It uses the Scrypt algorithm, which is the same as Litecoin and Dogecoin, making it accessible to miners with consumer-grade hardware.
Despite its innovative concept, Bellscoin did not initially gain much attention and faded into obscurity, especially after Dogecoin's rise.
However, it was revived in recent years by the community, attracting more interest as a pioneering meme coin.
One key feature of Bellscoin is its random reward system, designed to reflect the unpredictable item collection in *Animal Crossing*.
While the total supply is unlimited, Bellscoin follows a block reward reduction mechanism. The mining rewards gradually decrease as it progresses through different "epochs."
Currently, Bellscoin is entering Epoch 4, where rewards will significantly drop, and the mining output will be reduced.
Recently, merged mining was introduced for Bellscoin, allowing miners of Litecoin and Dogecoin to simultaneously mine Bellscoin, which has improved its network security and profitability.
As of now, Bellscoin remains a niche cryptocurrency but has been steadily growing in terms of community and value.
#Bellscoin #BELL #bells
Created by Billy Markus, who later became famous for co-founding Dogecoin, Bellscoin aimed to bring fun into the crypto world by mimicking the playful spirit of the game.
It uses the Scrypt algorithm, which is the same as Litecoin and Dogecoin, making it accessible to miners with consumer-grade hardware.
Despite its innovative concept, Bellscoin did not initially gain much attention and faded into obscurity, especially after Dogecoin's rise.
However, it was revived in recent years by the community, attracting more interest as a pioneering meme coin.
One key feature of Bellscoin is its random reward system, designed to reflect the unpredictable item collection in *Animal Crossing*.
While the total supply is unlimited, Bellscoin follows a block reward reduction mechanism. The mining rewards gradually decrease as it progresses through different "epochs."
Currently, Bellscoin is entering Epoch 4, where rewards will significantly drop, and the mining output will be reduced.
Recently, merged mining was introduced for Bellscoin, allowing miners of Litecoin and Dogecoin to simultaneously mine Bellscoin, which has improved its network security and profitability.
As of now, Bellscoin remains a niche cryptocurrency but has been steadily growing in terms of community and value.
#Bellscoin #BELL #bells
$BEL brain fart of the day.
Is the $BEL coin that is running right now the same as the old one? This has been hotly debated and caused some kind of rift between communities.
Based on the available information, it is conclusive and most certainly not the old $BEL, up to an extent.
The creator of $DOGE , Billy Markus has mentioned, it is still the old code.
This image should help you understand it better.
Here is Block 0 of $BEL, open the link below:
Why is that?
It is because, the new chain was restarted at around that time. New "blocks" have been mined and a new "chain" is being made.
This is hard proof that the old code is there, but in an entirely new and improved package.
Make sense?
Well that its it for today @BellsChain cult.
#Bellscoin #BELLS $LTC $DOGE
Is the $BEL coin that is running right now the same as the old one? This has been hotly debated and caused some kind of rift between communities.
Based on the available information, it is conclusive and most certainly not the old $BEL, up to an extent.
The creator of $DOGE , Billy Markus has mentioned, it is still the old code.
This image should help you understand it better.
Here is Block 0 of $BEL, open the link below:
Why is that?
It is because, the new chain was restarted at around that time. New "blocks" have been mined and a new "chain" is being made.
This is hard proof that the old code is there, but in an entirely new and improved package.
Make sense?
Well that its it for today @BellsChain cult.
#Bellscoin #BELLS $LTC $DOGE
I love #bellscoin
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Binance News
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Dogecoin Founder Clarifies Involvement in Cryptocurrency Development
According to Odaily, Dogecoin founder Shibetoshi Nakamoto recently clarified his involvement in the cryptocurrency space on the X platform. Nakamoto stated, 'I want to reiterate that apart from creating Dogecoin in 2013 (and previously Bells), I have not created any other cryptocurrency. Since 2014, I have not been involved in any cryptocurrency development and will not create or participate in any cryptocurrency in the future. Any claims associating me with other cryptocurrencies are false.'
