Bitconnect
Bitconnect (also spelled BitConnect and KimConnect; stylized bitconnect, ticker code BCC) was an open-source cryptocurrency in 2016–2018 that was connected with a high-yield investment program, a type of Ponzi scheme. After the platform administrators closed the earning platform on January 16, 2018, and refunded the users' investments in BCC following a 92% coin value crash, confidence was lost and the value of the coin plummeted to below $1 from a previous high of nearly $525.
Bitconnect logo | |
| Denominations | |
|---|---|
| Code | BCC |
| Development | |
| Original author(s) | Satish Kumbhani |
| Initial release | February 15, 2016 |
| Development status | Discontinued |
| Written in | C++ C# |
| Operating system | Windows, OS X, Linux, Android, iOS |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof of stake |
| Block reward | 0.42% every 15 days; 10% inflation per year |
| Block time | 60 seconds |
| Website | |
| Website | bitconnect |
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.