Bumbacoin (BUMBA) is an electronic token focused on password security that can be used for transactions. Bumbacoin adopts a decentralized storage method without the intervention of third-party institutions. Bumbacoin supports x11 algorithm and pure POS proof, and rewards 2 BUMBAs for each block, and the block time is 1 minute.

Project Highlights

1. Decentralization. Unlike other forms of digital currency, such as banking, no institution is responsible for keeping data. Anyone can participate in Bumbacoin's complete ledger history, including all transactions and transaction balances. This means that each copy must agree on who owns which coin before it can be used effectively.

2. Unique digital data. The obvious problem with digital files is that they are infinitely replicable, which is true for the ledger or records of Bumbacoin transactions, but by using a crypto-secured private address key, Bumbacoin (and other cryptocurrencies) may only be used by the owner. The address where the coin is located.