Bitspace [BSX]  







About  

Cryptocurrencies have already changed the world over the past few years.
Bitspace is here to join the economy revolution with it´s decentralised cryptocurrency ecosystem.
A highly profitable, global cryptocurrency ecosystem that doesn’t rely on banks or financial institutions.
The BitSpace team intends to implement the extended functionality of Bitspace Ecosystem by incorporating such applications as BSX miner program, BSX Exchange, BSX bank and BSX Platform for renting and leasing rigs + Algorithm convertor.
Implementation of those products seeks to expand the coin’s sphere of circulation, thus driving demand for it.
BSX is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. BSX uses peer-to-peer technology to operate with no central authority,
Bitspace´s blockchain also  summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin, Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.
By adopting the Hybrid PoW+PoS censuses mechanism, BitSpace can maximise user engagement, benefiting both parties.
BSX holders and miners can participate in decision making by mining and voting.



Distribution  


Bitspace is a POW/POS hybrid  
POW and POS starts from 1st block.  
POW block reward is constant 100 BSX per block until block 120 000.  
From Block 120 001 - 450 010 POW block reward is constant 50 BSX
POS interest is 10% early up to block 120 000
From block 120 001 to block 1 000 000 POS 50% interest.  
After block 1 000 001 POS 10% forever.
POW mining phase will end at block 450 010. (10 months)  
After POW ends. Bitspace will be auto switched to pure POS.