What is Bean cash (bitbean)?

Bean Cash (formerly BitBean) was the first digital currency to offer static block rewards for active CORE nodes that provide resources to the network. Rewards are 1,000 BITB (Bit of a BEAN). 1 BEAN equals 1,000 BITB. By actively Sprouting your Beans, you can earn around 3% a month or more than 30% annually!

Is Bean cash a POS currency?

After a SHA256 proof-of-work phase, Bean Cash became a pure PoS currency; the block reward is fixed at 1000 Beans plus any transaction fees attached to the transactions included. This was the first instance of this version of PoS, which the Bean Cash community calls "Proof of Bean" (PoB).

How much does Bean cash cost?

Bean Cash transactions can be as low as a fraction of a cent or .01 BITB (or even as low as 1/1000 of a cent in $USD)! By comparison, transactions on the BTC (Bitcoin) network can range from a few (USD) Dollars to sometimes over $60!

How long does it take to receive a bean cash transaction?

Transactions on the Bean Cash Network are sent within 0-3 seconds! With a maximum block size of 20MB and a 60 second target block time, Bean Cash enables near real-time confirmation of transactions in blocks. A single confirmation can take as little as 20 seconds to become confirmed.