Beyondcoin

What Is Beyondcoin (BYND)? Complete Guide Review About Beyondcoin.

What Is Beyondcoin (BYND)?

Beyondcoin is a free open source peer-to-peer (P2P) network based digital currency employing the fundamentals of Bitcoin. It does not use SHA256n as its proof of work (POW) algorithm. Instead Bynd employs a simplified variant of Scrypt. Taking development cues from Tenebrix, Litecoin, and Dogecoin. Having a peer-to-peer network means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network.

The Beyondcoin Project had been in desperate need of a model of governance for some time. The Foundation has decided for the betterment of the project, and to grow a community around BYND that facilitates community involvement. This outline of digital governance is a means by which the Bynd community can directly influence the development of the cryptocurrency without unilateral decision making from Foundation members or former project leaders.

Beyondcoin Storage Key Points

Coin BasicInformation
Coin NameBeyondcoin
Short NameBYND
Circulating SupplyN/A
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Future of Beyondcoin

Beyondcoin seeks to become a utility token with a secure multi-algorithm mining structure to harden it against attack. These decisions have already been made and are in progress. Because they were made before the implementation of this governance document, they will not be affected by the results of the community vote. BYND utility lies in two areas. The currency can be used to exchange for products in that store, in place of fiat currencies.

This helps fund the Beyondcoin Foundation, as well as provide members of its community with tangible goods and services. The second major utility of BYND is as an investment stake in the cryptocurrency itself. By holding Beyondcoin and taking part in the voting process, members of the community are improving the coin continuously.

Beyondcoin Team Members

Team Members will act as the main operators of the Beyondcoin cryptocurrency, working directly on the programming, marketing, and communication at the highest level. They maintain a top-level chain of command to have the final say over all Foundation organization operations, members’ projects, and divisions.

Only superseded by community voting on direction issues, Team Members work to ensure that Beyondcoin is actively being developed and improved whenever possible. They work closely with all levels of the foundational hierarchy to direct their actions toward the common goal of the improvement of BYND as a cryptocurrency.

Foundation

The collective group of individuals containing Beyondcoin Team Members, Team Member Understudies, Partners, and Family Members, are the Beyondcoin Foundation; henceforth “Foundation”. Members of the foundation are volunteers which work for the benefit of BYND alone and do so without payment from the Foundation. Foundation work is a non-profit venture that only exists to maintain the continuity of the BYND Project.

Funds accrued by the members of the Foundation through cryptocurrency trade and Beyondcoin mining are done so for their benefit. However, much of the infrastructure maintaining the project is paid for out of pocket by BYND Foundation Members, and through community donations.

Beyondcoin Team Members

Team Members will act as the main operators of the BYND cryptocurrency, working directly on the programming, marketing, and communication at the highest level. They maintain a top-level chain of command to have the final say over all Foundation organization operations, members’ projects, and divisions.

Only superseded by community voting on direction issues, Team Members work to ensure that BYND is actively being developed and improved whenever possible. They work closely with all levels of the foundational hierarchy to direct their actions toward the common goal of the improvement as a cryptocurrency.

Beyondcoin Family Members

Family Members are encouraged to write and post articles related to, make compatible products and services, develop included application and software, and involve the community in their projects. In turn, the Beyondcoin Team and Partners will work with Family Members to promote their projects on official platforms, social media accounts, and infrastructure services.

Bynd Family Members exist to further the exposure of and knowledge base. Family Members are tasked with promoting on social media, image boards, forums, and communities outside of community chat servers.