BBSCoin is a cryptocurrency designed for internet forums. The whitepaper defines an internet forum as an online discussion website where people hold conversations in posted messages. According to the website, BBSCoin aims to bridge the gap between the virtual credits earned by the user into cryptocurrency. The BBSCoin includes trading the virtual currency gained from a forum or points that a user has collected from any website or given by a coworker.
Forums are popular when discussing a specific topic. But according to the whitepaper, the current situation of the forums seems to be isolated. It means that the forums are just a platform used by people worldwide to share their content but cannot get any profit or incentive. The whitepaper also intends that the current point is useless. People get points out of what they offer, but they could not make it effective. Thus, the BBSCoin claims to have started an initiative to open the first decentralized crypto exchange system based on existing forums and websites.
Further, the BBSCoin platform is fully decentralized. The users do not need to fill out an application form to exchange the credits. Moreover, the platform provides plugins for the browser from where a user can trade easily. The platform uses blockchain technology, connecting it to the world and not just a place. Further, the BBSCoin has its own blockchain for transactions.
The BBSCoin is the native token of the BBSCoin. The ticker name is denoted by BBS. According to the website, BBS tokens can be exchanged with other members on the platform. Also, as BBS is a coin, it is mineable, and users can share computing power to mine BBS and make new blocks in the blockchain. The mining algorithm used by the platform is CryptoNight. CryptoNight is a mining algorithm that increases the efficiency of the CPU.
BBSToken is the name of BBSCoin on the Tron blockchain. Tron is a blockchain-based decentralized digital platform. BBSToken provides BBSCoin holders a bridge to the Tron network by swapping BBSCoin for BBSToken. It seeks to help the users in transferring the BBSToken from anywhere in the world without access to a computer.
