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updated $0Market cap$44.79K
Volume 24h$0.01
Circulating supply761.22K
BitTokens (BXT) is a mineable cryptocurrency that runs on a hybrid PoW/PoS consensus model. In simple terms, it's a digital coin you can either mine with computing power or earn by holding coins in a wallet. The project aims to combine the security of proof-of-work with the energy efficiency and rewards of proof-of-stake.
Frequently asked questions
What is BitTokens and how is it different from Bitcoin?
BitTokens (BXT) is a mineable cryptocurrency with its own blockchain, but unlike Bitcoin it uses a hybrid PoW/PoS consensus rather than pure proof-of-work. This means blocks can be created both by miners and by coin holders staking their BXT. The hybrid approach is designed to make the network more resilient against attacks while keeping it decentralized.
How does the hybrid PoW/PoS consensus work?
Proof-of-work lets miners solve cryptographic puzzles to produce blocks using computing power, while proof-of-stake lets holders 'stake' their coins and earn the right to create blocks based on their stake. In BitTokens, both mechanisms operate side by side, so the network gets security from miners and additional validation from stakers. This dual system also reduces the risk of any single group gaining too much control.
How is BXT issued and can I mine it?
Yes, BitTokens is a mineable coin, so new BXT enters circulation as rewards for mined blocks. On top of mining, coins are also issued through staking rewards for holders who keep their wallets online and unlocked. The exact reward split between miners and stakers is defined by the protocol's emission rules.
How can I store and use BitTokens?
BXT is stored in a compatible cryptocurrency wallet that supports the coin's blockchain — ideally an official or well-reviewed wallet. Since the coin uses PoS, keeping your wallet connected and staking lets you earn additional coins passively. As with any crypto, back up your private keys or seed phrase and never share them with anyone.