Bitconnect
| Denominations | |
|---|---|
| Code | BCC |
| Development | |
| Original author | Satish Kumbhani |
| Initial release | February 15, 2016 |
| Development status | Discontinued |
| Written in | C++ C# |
| Operating system | Windows, OS X, Linux, Android, iOS |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof of stake/Proof of work (hybrid) |
| Block reward | 0.42% every 15 days; 10% inflation per year |
| Block time | 60 seconds |
| Website | |
| Website | bitconnect.co at the Wayback Machine (archived 2018-11-28) |
Bitconnect (stylized bitconnect and also spelled BitConnect, ticker code BCC) was an open-source cryptocurrency from 2016 to 2018 that was connected with a high-yield investment program, a type of Ponzi scheme. After the platform administrators closed the earning platform on January 16, 2018, and refunded the users' investments in BCC following a 92% coin value crash, confidence was lost and the value of the coin plummeted to below $1 from a previous high of nearly $525.