beatscoin

You don’t need to be an expert to see that the music industry is in turmoil. It has almost halved in financial size in the last 15 years, despite the fact that the demand and consumption are skyrocketing.

Luckily, some smart guys have teamed up and created a digital currency that could be a solution to the problem – Beatscoin. Beatscoin is a rather different cryptocurrency, meant to be used as a connection between the people and the music industry.

Beatscoin is aimed to be a friendly currency and maybe even an entire economic movement. The currency itself should be a fast, reliable and secure way to pay for music, festival tickets, concerts – you name it. Also, the coin can be used to promote new bands and dj’s.

Beatscoin transactions are confirmed every sixty seconds, which is pretty good compared to 10 or more minutes required to get confirmation of the Bitcoin transaction.

Its current price is 390 Satoshis. Of course, low price has its perks, because it enables Beatscoin to support smart contracts and smart assets for way lower costs than Bitcoin.

Currently, there’s a giveaway on their Twitter – you can get 5000 coins for a review of the coin. And if you are lazy, you can still get some Beatscoins by visiting their campaign on the Promoplugs.

You can download Beatscoin wallet here. The wallet is regularly updated, so keep an eye on their Twitter.

If you would like to mine it, you can join one of the pools here. More info about the Pow rewards, blocks, nodes can be found here.

When comes to trading, the coin is listed only on YoBit.net at the moment. We’ll update the article with other exchanges as soon as it gets listed.

Cryptosource will always support good ideas, and since we’re big fans of the cryptocurrencies AND music – we wholeheartedly support the Beatscoin project. Check it out and let us know your thoughts in the comments.Cryptosource.net