Betacoin, BET or betcoin for short, is an open and decentralized cryptocurrency. Anyone interested can join the Betacoin network and participate in its development. In addition to relying on the Internet, Betacoin is international in nature.
Betacoin allows for safe and secure transactions around the world and provides the convenience of instant and free currency transactions.
To distinguish between the Betacoin network and the Betacoin currency, the latter is referred to as BET. For example, the current Betacoin emission rate is 65,000 BET every 120 seconds.
Betacoin
Is an open cryptocurrency that anyone who wants to become a user and voluntarily participate in the operation of the network can join. Simply visit the website or register yourself to create a wallet. Through the software, you can send coins to other users and receive payments. Betacoin
The algorithm ensures that other users cannot know your wallet balance, transaction objects and source of funds. You can participate in the network operation by providing computer computing power. Due to this mechanism, transaction processing is decentralized, making users not only users, but also participants.
Unlike traditional fiat currency transactions that need to go through intermediaries, banks or financial institutions, transactions between Betacoin users are conducted over the Internet. Transaction privacy is protected by secure encryption algorithms, and no one can identify who sent the money, who is the recipient, and how much money was transferred.
Betacoin's transaction processing is done by the entire network of users, but no participant can access the transaction details. All transfers are completely anonymous. Since transaction processing requires a lot of computing resources, users who join the network can allocate computer time to process transactions.
Technical Features
Decentralization: BETA coin is based on blockchain technology, is decentralized, and does not rely on any central agency or government regulation.
Divisibility: BETA coins can be infinitely divided, making transactions more flexible.
Anonymity: BETA transactions can remain anonymous, protecting user privacy and security.
Security: Transactions are implemented through blockchain technology, which is highly secure.
In-depth analysis of BETA coin prospects and value
In February 2019, JPMorgan Chase became the first bank in the United States to successfully create and test a digital currency. The digital currency, called BETA, is based on blockchain technology and enables instant payment transfers between institutional accounts. BETA uses blockchain technology to exchange value, such as currency, between different parties.
BETA itself is not a legal tender, but a digital currency representing the U.S. dollar, which is stored in an account designated by JPMorgan Chase. Simply put, the value of one BETA is equivalent to one U.S. dollar. When a customer sends funds to another customer through the blockchain, the BETA will be transferred and immediately converted into an equivalent amount of U.S. dollars, thus shortening the settlement time.
Currently, BETA is still in the prototype stage and is being tested among a small number of JPMorgan Chase's institutional clients, with plans to expand the pilot program later this year. BETA coins are currently designed for inter-corporate fund flows, and since they are still in the testing phase, there are currently no plans to make them available to individuals.
