Benscoin: Indonesia's Internet Business Solution
The Benscoin whitepaper was written and released by the Benscoin core development team in 2024, at a time when blockchain technology was maturing but still faced challenges of scalability and interoperability, aiming to propose an innovative solution to promote the widespread adoption of decentralized applications.
The theme of the Benscoin whitepaper is “Benscoin: A Next-Generation Blockchain Protocol for High-Performance Decentralized Finance.” Its uniqueness lies in the introduction of sharding technology and cross-chain interoperability protocols, combined with an innovative proof-of-stake consensus mechanism; this provides a solid foundation for building efficient, low-cost, and highly secure decentralized finance (DeFi) applications.
Benscoin's original intention is to address the bottlenecks of existing blockchains in handling high-concurrency transactions and enabling cross-chain asset transfers. The core viewpoint presented in the whitepaper is: by combining a sharded architecture, asynchronous communication mechanisms, and modular design, Benscoin can achieve unprecedented scalability and interoperability while ensuring decentralization and security, thereby empowering the next generation of Web3 applications.
Benscoin whitepaper summary
Benscoin Project Overview
Hello friends! Today, let's talk about a blockchain project called Benscoin (abbreviated as BSC). Just as we use various tools to solve problems in our daily lives, blockchain projects are often created to address specific issues in certain fields.
The Benscoin project was launched in December 2019 by an Indonesian team called Delevaloushi Group. Their original intention was to solve some problems existing in Indonesia's internet business industry. You can think of it as them noticing some “pain points” in the development of local internet commerce, and wanting to provide a solution through the new technology of blockchain.
From a technical perspective, Benscoin (BSC) is a token issued on the Ethereum blockchain, which means it follows the ERC-20 standard. Simply put, ERC-20 is like a universal “token passport” that allows this token to circulate and be used in the vast “digital world” of Ethereum. The total supply of Benscoin is 71 million tokens.
However, according to the public information currently available, the Benscoin project does not appear to be active at this time. Some mainstream cryptocurrency data platforms, such as CoinMarketCap and BitDegree.org, have marked Benscoin as an “untracked” project, possibly due to inactivity or insufficient data. Its circulating supply and market capitalization are both currently shown as zero. In addition, it is difficult to find detailed whitepapers or an active official GitHub code repository for the project, making it impossible to gain deeper insight into its specific technical details, vision, and development roadmap.
In summary, Benscoin is an early blockchain attempt aimed at solving Indonesia's internet business problems, but currently has limited public information and low project activity. For any blockchain project, it is very important to thoroughly research its official documentation and community activity. Please note, the above information is for project introduction only and does not constitute any investment advice.