Note: Spectrecoin is not yet live for trading, but we would add it soon. Till then, sign up and explore seamless trading at Bitbns.
Simple Steps to Buy Spectrecoin (XSPEC) in India:
Online Registration on Bitbns is absolutely free. So investors need to Sign Up using email id and by entering personal information.
Then, confirm by clicking on a link received on the email address indicated. Next, submit PAN card, bank account details and Aadhaar card photocopies. This process enables Bitbns in adhering to KYC guidelines.
After KYC documents validation (which will take 30 minutes only), investors will be notified via email about account activation.
Using NEFT/RTGS/IMPS, investors can transfer funds to their Bitbns account and begin purchasing Spectrecoin (XSPEC).
Transfer of Spectrecoin (XSPEC) between other wallets from/into Bitbns account is also possible which is just a 10-minute process.
The concept of Proof of Stake (PoS) was created as an alternative to the work test (PoW), to address the problems inherent in the latter. When a transaction is initiated, the transaction data is set to a block with a maximum capacity of 1 megabyte, and then duplicated on multiple computers or nodes in the network. The nodes are the administrative body of blockchain and verify the legitimacy of the transactions in each block.
Basically Proof of Stake (PoS) would be a way to encourage the owners of different altcoins that help blockchain network of that cryptocurrency. This means that more coins you have on your wallet of an altcoin that uses Proof of Stake (PoS), more help to the network and more reward you will have.
SpectreCoin (XSPEC) is built by an energy and power efficient proof-of-stake algorithm that provides rapid transaction confirmations, ring signatures that favor privacy and anonymity model of transactions and a fully integrated Tor+OBFS4 layer for IP obfuscation within the wallet. Spectrecoin is developed with an ambitious roadmap that prioritises privacy, security, and decentralisation.
Bitbns is a leading digital wallet and crypto exchange platform based in Bangalore, India,founded by BuyHatke Internet Pvt Ltd.
Bitbns will allow you to trade cryptocurrencies in a simple and safe way. If you are new to this world of cryptocurrencies, Bitbns is the place to begin trading.