BitSend Stocks, USD price, market cap

BitSend (BSD) is a cryptocurrency that was launched in 2014. It is based on the Bitcoin protocol and is an open source project. The goal of BitSend is to create a secure, fast and reliable digital currency that is easy to use and accessible to everyone.

BitSend is a decentralized peer-to-peer (P2P) payment system that allows users to send and receive payments without the need for a third party intermediary. Transactions are confirmed and recorded on the blockchain, which is a public ledger of all transactions that have ever occurred on the network.

BitSend uses a Proof-of-Work (PoW) consensus algorithm, which is a type of consensus algorithm that requires miners to solve complex mathematical equations in order to confirm transactions and add them to the blockchain. This helps to ensure that all transactions are valid and secure.

BitSend also has a built-in privacy feature called PrivateSend, which allows users to send and receive payments anonymously. This means that the sender and receiver of the payment cannot be identified.

BitSend has a block size limit of 2MB, which is much larger than Bitcoin's 1MB limit. This allows for more transactions to be processed per second, making it faster and more efficient than Bitcoin.

BitSend is also a masternode coin, which means that users who hold a certain amount of BSD coins can run a masternode and earn rewards for doing so. This helps to secure the network and incentivizes users to hold their coins.

Overall, BitSend is a secure, fast and reliable digital currency that is easy to use and accessible to everyone. It has a built-in privacy feature, a larger block size limit than Bitcoin and is a masternode coin, making it a great choice for those looking to invest in a cryptocurrency.