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What is

$BIT

$BIT stands as both the market symbol and abbreviated denomination representing the Bitnet cryptocurrency. The $BIT network operates in a decentralized manner, ensuring continual global accessibility. Functioning as an open-source, multi-chain system, Bitnet’s design is publicly accessible, devoid of centralized ownership or control, thereby allowing universal participation within its ecosystem.




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Bitnet is a hybrid and multi-chain cryptocurrency that evolved into a full Proof of Work (PoW) blockchain.[Worldwide, Efficient & Energy Friendly]Bitnet is simple to use, efficient and sustainable, it boasts of a confirmation rate higher than most cryptocurrencies, fast speeds, low fees, Dark Gravity Wave Algorithm to keep miners happy. Bitnet reaches full predictability and it becomes like mining on Bitcoin (each block holds a semi-static reward, increasing even further the fairness and security of the chain over any actual PoW system)], and is also ready for the Internet of Things (IoT) and every OS Platform.Bitnet is a decentralized and fast-growing cryptocurrency movement that was

Born on March 1st, 2023. Bitnet was mined (PoW-sha256) and evolved to use Darrk Gravity Wave Algorithm within a few weeks. Bitnet is not a security, it never had an ICO, nor any kind of funding rounds. Bitnet is self-sustainable and is fully supported by volunteers (Just like Bitcoin). Bitnet has a total supply of 2,000,000,000 BIT and our block rewards are 10,000 BIT per block

at block height 150,000 our block rewards will reduce from 10,000 BIT to 100 BIT per block to preserve the network for another 30 years

Send, Receive, Hold

The Bitnet Wallet

The Bitnet wallet serves as the software facilitating the sending, receiving, and storage of your $BIT cryptocurrency.

Partnerships

Bitnet Partners

Enabling advancement and acknowledgment via collaborative partnerships

Overview

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Bitnet emerges as a versatile hybrid and multi-chain cryptocurrency that transitioned into a comprehensive Proof of Work (PoW) blockchain. It prides itself on worldwide accessibility, operational efficiency, and environmental friendliness, boasting a superior confirmation rate compared to many peers, along with rapid transaction speeds and minimal fees. Powered by the Dark Gravity Wave Algorithm, Bitnet ensures content miners and heralds full predictability, mirroring the mining experience akin to Bitcoin’s characteristics, enhancing fairness and chain security.

Evolution and Independence:

Bitnet evolved from PoW-sha256 to incorporate the Dark Gravity Wave Algorithm shortly after its inception on March 1st, 2023. Notably, it distinguishes itself by avoiding ICOs or funding rounds, sustaining independence through community support, akin to Bitcoin's organic growth model.

Strategic Network Preservation:

With a fixed supply of 2,000,000,000 BIT and initial block rewards set at 10,000 BIT per block, the network strategically reduces rewards to 100 BIT per block at block height 150,000, ensuring network preservation for an additional 30 years.

Explore deeper insights into Bitnet through our comprehensive Whitepaper for an in-depth understanding.

Discover the core principles, innovative features, and prospects of Bitnet