Bitnet IO BIT
1. Summary
- Price
-
$0.000006550000 0.0%
- Market Cap
- $9,835.00 (#9849)
- Supply
- 1.50B / 1.50B
- Description
-
Overview of Bitnet IO
Overview of Bitnet IO
Bitnet is a decentralized, open-source blockchain that utilizes the Proof of Work (PoW) consensus algorithm, specifically the DarkGravityWave (DGW) difficulty adjustment mechanism. This system operates at a fast and efficient pace, with a block time of approximately 3.5 minutes. Its design is publicly accessible, open to universal participation, and devoid of centralized ownership or control.
Key Features
- Symbol: BIT
- Supply: 2,000,000,000 BIT
- Block Rewards: Initially 10,000 BIT per block, reducing to 100 BIT per block at block height 150,000 for network preservation
- Wallet Functionality: Enables sending, receiving, and storing $BIT cryptocurrency
- Partnerships: Collaborative efforts advancing the ecosystem
- Whitepaper: Comprehensive resource detailing Bitnet's principles, features, and strategic vision
Origins and Development
- Launch Date: March 1st, 2023, as a PoW-sha256 blockchain, later adopting the Dark Gravity Wave Algorithm
- Community-driven: No ICOs or funding rounds, sustained through volunteer support, similar to Bitcoin
- Technological Advancements: Expansion into Non-Fungible Tokens (NFTs), emphasis on energy efficiency, fast speeds, and low fees
| Price | |
| 52W High price | $0.001227037500 |
| 52W High date | 8th Mar 2024 (10 months ago) |
| All Time High (ATH) Date | 3rd Dec 2023 (1 year ago) |
| ATH Price | $0.006810520000 |
| % From ATH | -99.9% |
| All Time Low (ATL) Date | 28th Jan 2025 (1 week ago) |
| ATL Price | $0.000006470000 |
| % From ATL | 1.25% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1,098.00 |
| Total Supply | 1.50B |
| Max Supply | 2.00B |
| Circulating Supply | 1.50B |
BIT
How does Bitnet IO's (BIT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-89.0%
BIT
-24.8%
Similar Market Cap
60 Day Return
-93.1%
BIT
-37.1%
Similar Market Cap
1 Year Return
-98.6%
BIT
-19.7%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 187 |
| Twitter followers | 2,323 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://bitnet-io.org/ |
|---|---|
| Explorer | https://bitexplorer.io/ |
| @Bitnet_io |
Has Bitnet IO been audited for security?
No security audits found for this project.
Are you the owner of Bitnet IO? Edit it here
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