Top definition
Beyondcoin is an open-source peer-to-peer network-based digital currency. Employing the fundamentals of Bitcoin, although it does not use SHA256 as its proof of work algorithm. Instead, Beyondcoin currently employs a simplified variant of Scrypt as its proof of work (POW). Taking development cues from Tenebrix, Litecoin, and Dogecoin. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network.
Beyondcoin was created to solve the issues of digital money by being resistant to quantum attacks.
by Tech1k November 26, 2019
Get a beyondcoin mug for your Aunt Nathalie.
Apr 24 Word of the Day
A cultural and aesthetic mind-state that prioritizes making money, even as an “underground” or “radical” creator. The work isn’t made for money, but it’s the money that matters the most.
“Dude, his stuff is pretty out there but he’s still pretty Finance Punk.”
by Pop Pop Bienstock April 01, 2021
Get a Finance Punk mug for your grandma Rihanna.