BeetleCoin, a decentralized cryptocurrency recently announced the launch of its new wallet v2.1. This wallet comes in with loads of new features which the Beetle team has planned for its community.
This wallet will introduce the most awaited TierNode system where every person gets a chance to earn passive income depending on the kind of node he is running. The Tier is divided into three levels.
==> Requires 10000 Beets
==> Will earn 4% of block reward
==> Requires 50000 Beets
==> Will earn 19% of block reward
==> Requires 150000 Beets
==> Will earn 62% of block reward
PoS reward is set to 5%, and there is a new introduction of Dev fees which is 10% of the block reward. The dev fees will be used to enhance the project further.
The new wallet also brings in some security changes such as-
==> Security patch to prevent stake vulnerability
==> Security patch to avoid stealing of private keys
One other feature that is being introduced is support for “Atomic Swap”. Now some of you must be wondering what I “Atomic Swap”. Well, in simple words it’s a technology that enables two parties to exchange different cryptocurrencies without the risk of one party defaulting on the trade. This also helps in reducing the need for centralized exchanges and people losing their funds due to these exchanges either closing down or hackers stealing funds.
Bettle team has also announced that they will support “Lightning Network”. What does this mean? Well, it’s a smart approach to adopt new technology in the blockchain market. Lightning network is for sure the future of blockchain where not only its bring in support for scalability but also a reduction in the transaction fees. A faster transaction with lowest fees will add wings to the Crypto transaction. BeetleCoin adopting this for sure will work in their favor in the long run.
Since its launch in 2018 BeetleCoin has positioned itself pretty well in the decentralized market. The wait is almost over.
Welcome to the new world of BeetleCoin.
Note: The information provided here is not intended as investment advice, and only contains personal opinion. Cryptocurrencies are risky. Never invest more than you can afford to lose. Always seek professional advice before making any investment.
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