BolieCoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. BolieCoin is an open source, global payment network that is fully decentralized without any central authorities.
Mathematics secures the network and empowers individuals to control their own finances. BolieCoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. The BolieCoin blockchain is capable of handling higher transaction volume than its counterpart -Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending BolieCoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. The BolieCoin network is therefore scheduled to produce 100 million BolieCoins, out of which 50 million has already been mined, rest of the 50 million will be mined in course of 10 years.
BolieCoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code
BolieCoin uses the newer Scrypt algorithm, which was created in 2009 by Colin Percival, a computer scientist known for creating Tarsnap, an encrypted cloud storage service. It is memory-intensive and requires a lesser amount of processing power. Scrypt effectively eliminated the need for ASICs by allowing mining to be completed using CPUs or GPUs, which are considerably cheaper and more accessible.
|Inception of Network||19th January 2020|
|Block Time||10 Minutes|