BIP meaning in Cryptocurrency ?

Answer:

What is Minter Network (BIP)?

Minter is a digital assets marketplace allowing anyone to buy, sell, send, and spend BTC, ETH, BIP, USDT, gold, oil, stocks, and many more within a single decentralized network.

Minter is integrated with Ethereum and Binance Smart Chain to provide cross-chain transfers and swaps.

What Makes Minter Network Unique?Trading of most cryptocurrencies, tokens, and digital assets within a single network, all in a decentralized wayBlocks final in 5 secondsFees fixed in U.S. dollars in any liquid coin/tokenIntegration with Ethereum and Binance Smart ChainCross-chain transfers with swaps. For example, BUSD on Binance Smart Chain for USDC on EthereumLimit orders powered by an implementation at the core level of Minter blockchainCreation of own tokens and liquidity poolsBIPx, a mirrored version of BIP, on Ethereum and BSCDecentralized deposits and withdrawalsPool fees and yield farming optionsHow Many Minter Network (BIP) Coins Are There In Circulation?

The total supply of BIP---Minter Network's native digital coin---is 10 billion units. They become available as block rewards over the course of approximately 7 years since mainnet launch, which happened on May 15th, 2019.

The Genesis block included the pre-mine of 200 000 000 BIPs for the first validators, coiners, and users, of which 50% was airdropped and 50% was distributed to early partners.

The Minter blockchain runs on the Tendermint engine with the DPoS (Delegated Proof-of-Stake) consensus algorithm. Block reward started at 333 BIP and will be linearly decreasing down to 115 BIP.

BIP coin allows to validate the network through stake delegation (staking rewards for new blocks and fees, voting power), pay all network fees (+30 types of transactions), provide custom coins with reserve.

20% of both block rewards and transaction fees is withheld as taxes and equally distributed between the Team and the Developers' DAO.

How Is the Minter Network Secured?

Minter Network implements the Delegated Proof-of-Stake (dPoS) consensus algorithm.

dPoS is a fast, efficient, decentralized, and flexible consensus model. dPoS leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way.

As of now, Minter blockchain has 46 independent masternodes validating 1 block every 5 seconds.

Where Can You Buy Minter Network (BIP)?

Minter Network's BIP coin is available for trading on various exchanges and also within the Minter Network itself, against many other digital assets (including stablecoins) in a fully decentralized way.

reference

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