BFX Coin- Latest Updates and News

WARNING!! Before investing in Blue Fox & BFX Coin read  this.. BFX Coin mining pool plans have been announced. Now you can buy any of the available packages from the bfxmining portal and start earning regular rewards on your investment. Please take some time to read this article  to fully understand the purpose of mining and how you can earn through mining. Here are the available packages- BFX Coin Mining Plans Important Points- 1- Business level rewards means 2% of total binary (Left + Right) business generated under your ID in any level up to level 5. 2- For getting mining level rewards it is necessary that you have 1 ID in your left side and 1 ID in your right side directly under you. 3- All mining rewards will be in the form of coins (converted to the value of dollar @ current rate at that particular time). 4- All plans should be calculated in INR assuming 1 dollar is equal to Rs70. Note- Right now you will not be able to top up your mining...

Initial Coin Offering WARNING!! Before investing in Blue Fox & BFX Coin read  this.. ICOs or Initial Coin Offerings are the hottest trend right now. Just like an IPO (Initial Public Offering) now companies are using ICO for raising funds for their projects. Now any company can build its own blockchain application on top of the already established blockchain technology like Ethereum and customize it according to their project's requirements. How ICOs work?- Company raises funds from investors and in return investors get the token or coin which can be used in the project's ecosystem or can be traded in any exchange. Generally the price of coin/token is very low during ICOs. Coin's/token's value increases in the future if the project grows and more people start buying that coin in exchanges. And this is the biggest example of smart contract using blockchain technology between the company and investors. There is no paper work involved in this but everybod...

Blockchain Technology WARNING!! Before investing in Blue Fox & BFX Coin read  this.. This is nearly the end of 2017 and I am pretty sure that 2018 is going to be the year of blockchain technology. We have seen the internet growing for so many years but now the blockchain is said to be the new internet. In simple words "Blockchain is a chain of blocks". A block is a list of records. A block in a blockchain contains records of transactions or any contract between two parties called smart contract. Blockchain is also known as distributed or decentralized ledger. Therefore no one has the full control on blockchain. In a blockchain network everyone participating in the network (miner) has a copy of whole blockchian. And anything that is recorded in blockchain needs to be agreed by everyone in the network which is achieved by a special consensus mechanism, that's the beauty of block chain. That's why blockchain is so special, now people don't need to go thro...

Crypto Mining WARNING!! Before investing in Blue Fox & BFX Coin read  this.. In this article I will try to explain what is mining or minting in plane English so that anyone regardless of his technical background could understand it. First of all I want to make it clear that mining and minting are used interchangeably in crypto world but there is a little difference between them. I have explained this in my another post  Proof of Work vs Proof of Stake vs Other Protocols- Comparison . The term 'mining' is most popular, so for simplicity we will only use the term 'mining'. So let's understand what is mining. Mining is basically a process to generate new coins and validate the transactions in a blockchain . All cryptocurrencies are based on some kind of blockchain technology . Every transaction people do gets recorded on blockchain . For eg. Suppose Ram sends BFX Coins to Shyam. As soon as the transaction happens transaction is sent to the mining devi...