Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
I think you have confused me with someone else. I have done some more looking in depth into the project and saw that it is a PoS coin. Which explains the "low" hashrate. I like the idea of it, decoupling rewards from the platform that the exchange is running on. So its a Bitshares proxy token exchange that rewards staking users with a portion of the transaction fees.
Just to be clear, BridgeCoin is not a Proof of Stake coin like other PoS coins. Yes, the word "stake" is used, but only in the sense of being a stakeholder, not in the sense of deciding who gets to verify the next block. The BCO chain is still PoW, but there's not much use for it as it's done its job (distributing BCO), and most of the coins are already on the exchange.
If the hash rate is really that low...
Then it has to be a "private" chain with only proprietary, closed source nodes able to verify tx and move chain...
Otherwise anyone with a $300 40 Mh Zeus scrypt asic could have > 90% of hashing power and mess with it.
All the BCO whales are holding massive positions on that chain... so it must be secure
Also, I love the way the volume is building across all coins...
Liquidity begets more liquidity... and I see no reason why volume will not continue parabolic growth indefinitely