BitCoen price is $0.01146521
As of now, the present price of BitCoen (BEN) is $ 0.01146521.
BitCoen, symbolized as BEN, is a unique form of cryptocurrency designed specifically with the Jewish community in mind. It's the first-ever "kosher" digital currency, ushering a new wave of targeted digital currencies catering to specific communities or regions. The BitCoen project strives to integrate core blockchain technologies with the traditional features and practices from the Jewish community.
BitCoen was created by a team of developers who wanted to bring crypto solutions specifically for the Jewish community. The BitCoen team is based out of Russia and have a well-defined hierarchy of positions, similar to a traditional organization. The team's profiles can be found on the BitCoen official website for more details.
BitCoen operates on a blockchain which is an open distributed ledger that can record transactions securely and efficiently. It uses proof-of-stake consensus mechanism that enables holders to validate block transactions according to the number of coins they hold. This consensus mechanism is more energy-efficient compared to proof-of-work systems used by most other cryptocurrencies.
BitCoen is unique in that it's tailored for a community-based representation within the world of cryptocurrency. The concept of community-specific digital currencies is new, and BitCoen leads the charge in this area by focusing on the Jewish community.
One unique aspect of BitCoen is its connection with Jewish principles, such as tzedakah, a form of religiously ordained charity work. BitCoen pledges to donate 10% of its proceeds towards charitable causes within the Jewish community, thereby intertwining the notions of blockchain technology and quintessential community give-back systems.
Currently, there are 7.0M BEN circulating in the market. The total supply of BitCoen is 100.0M.
BitCoen's security is dependent on the robustness of the blockchain technology it employs. The network participants maintain the security and integrity of transactions on the BitCoen blockchain. The use of a Proof of Stake consensus mechanism also aids in keeping the blockchain secure and sustainable, as it economically discourages malicious behaviour through staking.
You can buy BitCoen (BEN) from the currently listed as supported on the BitCoen official website. Buyers should remember to practice safe trading habits while purchasing cryptocurrencies, such as using secure networks, performing due diligence on exchange platforms, and maintaining control of their private keys.
As with all cryptocurrencies, it's crucial to implement proper security measures to protect your BitCoen assets. Using a trusted wallet to store your BEN coins, maintaining the confidentiality of your private keys, and avoiding sharing sensitive details related to your crypto assets are all part of keeping your BitCoen safe. Additionally, always ensure to transact on secure and verified networks and platforms.
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