Summer is almost upon us, ladies and gentlemen, and you know what that means : flashy, fashionable colors! The cryptocurrency scene is no exception to that this year, with BlackCoin, WhiteCoin, YellowCoin, ReddCoin, and now….BlueCoin!
I always say “you shouldn’t discriminate because of color”, so we try to cover all the “colored” cryptocurrencies here on CryptoArticles. We’re starting with BlueCoin today, and will look at YellowCoin,ReddCoin,OrangeCoin and WhatevercolorCoin that comes out as well.
Before I tell you what BlueCoin is all about, did anyone else just get the “I’m blue, dabadee-dabada” song in their head? No? Maybe I should remind you about that with the following YouTube clip :
Either way, we’re getting off track here. BlueCoin is a Scrypt PoW/PoS hybrid, with a coin supply of 1,000,000,000 BLU. Blocks take 90 seconds to generate, and will reward you with 10,000 BLU. Difficulty re-targets every block.
There is a 3% pre-mine on BlueCoin, which will be used for bounties (to develop services, games, and whatnot), network maintenance, and coin expansion. I do hope some of that pre-mine will be sent to us for this article, harr harr!
As I mentioned, BlueCoin also has a PoS side to it, which will kick in after the 100,00th block has been mined. There will be PoS blocks afterwards, rewarding BlueCoin holders with a 3% annual stake, with a minimum stake age of 2 days.The annual PoS inflation will be roughly 3%.
Poloniex is the biggest exchange where you can buy, sell and trade BlueCoin. It’s not the only exchange though, as BLU/BTC trading pairs can also be found on BitTrex, NewCoinTrade, Europex and CoinSwap.
BlueCoin Donations can be sent to : Bm7onkiP3sSSDZnwWNMyLkyMDwry95e883