Introducing PoS platform for next-generation advanced community
The main purpose of the BVBPoS project is for community-run project to improve transactions and to boost the coin efficiency with the proof of stake(PoS) algorithm for fast transactions, cheaper gas fee & environmentally friendly.
Overview
BitcoinVBPoS is a layer 1 solution that aims to build a blockchain-based web 3.0, and it attracted attention for the community based users. Through the Stakes protocol, anyone can receive BVBPoS coins as a reward without expensive mining equipment or power consumption. The main process in BSC chain staking features is that users can lock up a certain amount of their coins to participate in the process of creating new blocks and validating transactions.
BitcoinVB envisioned Web 3.0 based on BVBPoS mainnet, not other chains, and smart contract platforms such as Ethereum, Solana, and Cardano, where various dApps are already operating. This will be a challenge in the private based network to achieve these functions and will be in great demand in the global market.
Purpose of BVBPoS Network
BitcoinVBPoS network provides the ability to run smart contracts and DApps on the ethereum private blockchain for the scalability and smart contract advancement. BVBPoS network executes smart contracts on a separate chain and stores all of these contracts in ethereum private network as a single hash value. Through this, BVBPoS can also be used as a simple digital currency or store of value, and can now support DeFi and future NFT projects.
The main advantages of using Proof of Stake in BVBPoS networks include reduced energy consumption compared to Proof of Work systems, as there is no need for intensive computational work.
Additionally, it can lead to a more decentralised network by allowing more participants to engage in the validation process. In a PoS system, consensus is reached through a combination of these validators. They are incentivized to act honestly, as their stacked coins can be taken away as a penalty if they validate fraudulent transactions. In that case validators take turns proposing and validating new blocks, and the chance of being chosen to validate a block is proportional to the number of coins staked.
BVBPoS Operation
BVBPoS network is a layer 1 blockchain closely related to ethereum. This network uses Proof of Stake (PoS) as its unique consensus model, which can be seen as a derivative of Proof of Work (PoW). Initially, the BitcoinVB project considered the Proof of Delivery (PoX) model, but with the proposal concept of BitcoinVBPoS , it changed to a more general model, Proof of Transfer (PoX).
BitcoinVBPoS
BVBPoS coin is one of the protocols and functions that plays an important role in the bitcoinvbpos blockchain ecosystem. The BVBPoS tokens serve to strengthen the security of the blockchain.
Token Security
The BVBPoS tokens serve to strengthen the security of the blockchain. All the token holders stake their BVBPoS tokens and participate in network security.
Stake Rewards
Staking participants will receive BVBPoS token rewards generated from the BitcoinVBPoS blockchain. These rewards are distributed through the BitcoinVBPoS 2.0 protocol on the blockchain.
Users custody
BitcoinVBPoS provides a way for users to enhance security by storing their BVBPoS tokens themselves rather than entrusting them to a custody service.
BVBPoS Benefits
It’s simple. BVBPoS pays dividends if you want and gives options to get reward through BVBPoS coins; this means more earnings in your pocket so the people have to share minimum risk and earn incentives on staking by a simple process.
- Less risk, more reward
- Low gas fees
- Expect Opportunity
- Ease of use
- Trust
- Global Impact
- Wealth Reimagined