Bitcoin Plus

Bitcoin Plus is a peer-to-peer cryptocurrency based on the consensus mechanism, proof of stake. The token aims to serve as a medium of exchange while being environmentally friendly and easy to use.

Since the inception of Bitcoin, proof of work has been the predominant design of peer-to-peer cryptocurrency. According to the whitepaper, proof of stake replaces proof of work to provide most network security in Bitcoin Plus. However, proof of work faces bottlenecks when there are too many transactions. As a result, transactions may take longer to confirm while charging higher fees. Hence, the proof of work in the Bitcoin Plus network is mostly limited to initial minting in this hybrid architecture. 

With the emergence of a newer consensus mechanism called proof of stake, speed and efficiency have increased while transaction fees have been lowered. Proof of stake lowers costs by eliminating the need for high-end computation resources, which is an energy-intensive process. Instead, transactions are verified by those who have staked their funds in the blockchain. In the long run, the network's security of cryptocurrency aims to be independent of energy usage. Thus, the cryptocurrency seeks to be a more energy-efficient and cost-competitive peer-to-peer crypto-currency.

The features of Bitcoin are as follows:

The creators launched an updated version of the token–Bitcoin Plus 2.7. Peter Bushnell authored the whitepaper Bitcoin Plus: Peer-to-Peer Crypto-Currency with Proof of Stake. The document is based on the Peercoin whitepaper by Sunny King and Scott Nadal. XBC token has a low start supply and a total supply of one million coins.