Cryptocurrency BitBay Announces Website Re-Launch; Fork to Increase Stake Rewards from 0.1 to 1 Percent
This season is bustling with activity from BitBay, a proof of stake cryptocurrency with the most advanced, decentralized marketplace application in the industry, as they roll out new features and upgrades to their blockchain technology.
Today, BitBay announces the re-launch of their website on November 20. This website will create an ‘online’ portal for BitBay’s decentralized marketplace, main communication hub for app users, and will act as a model for others wishing to integrate BitBay web wallets and custom smart contract apps into their own websites. The lead developer, David Zimbeck states, “Websites are normally just a marketing channel for cryptocurrencies. This is the first step for BitBay to make its website a hub for both functionality and communication that anyone can duplicate for their own website services.”
Fostering an Innovative Blockchain Community
The new website will integrate a next-generation, hybrid forum, that will combine both cloud-based team collaboration services and open-source technology protecting the privacy rights of its community members. BitBay hopes to promote and foster an enlightened community of blockchain enthusiasts who are excited to collaborate on the marketplace features and expand the application services. The forum will be fully integrated into the website on December 4.
An Eye on Accessibility
Following the re-launch of the website, BitBay will introduce their first app through the website; a web wallet. The upcoming web wallet solves a major technical barrier and hurdle for new members of the crypto community because of it doesn’t require downloading the entire blockchain. This is due to be released on November 27. We will release more information on all of its capabilities within the next few days.
Improved Rewards System for Investors
At 00:00 UTC on November 30, BitBay will fork the network to its new chain for the sake of increasing the block reward for minting new coins to 20 coins per block from its previous 1.5 coins per block. This is an important update that will create an added incentive for new and current investors. It will set the annual inflation rate on the total coin supply from 0.1 percent to one percent. If you own an existing wallet you must update to the new version before November 30. BitBay’s features, roadmap, and wallet downloads can be found on the website. $BAY is currently traded on Bittrex, Cryptopia, Upbit, and C-Cex.