Bellscoin (BEL) is a meme-based cryptocurrency that originated in 2013. It was inspired by the in-game currency "Bells" from the popular video game *Animal Crossing*.
Created by Billy Markus, who later became famous for co-founding Dogecoin, Bellscoin aimed to bring fun into the crypto world by mimicking the playful spirit of the game.
It uses the Scrypt algorithm, which is the same as Litecoin and Dogecoin, making it accessible to miners with consumer-grade hardware.
Despite its innovative concept, Bellscoin did not initially gain much attention and faded into obscurity, especially after Dogecoin's rise.
However, it was revived in recent years by the community, attracting more interest as a pioneering meme coin.
One key feature of Bellscoin is its random reward system, designed to reflect the unpredictable item collection in *Animal Crossing*.
While the total supply is unlimited, Bellscoin follows a block reward reduction mechanism. The mining rewards gradually decrease as it progresses through different "epochs."
Currently, Bellscoin is entering Epoch 4, where rewards will significantly drop, and the mining output will be reduced.
Recently, merged mining was introduced for Bellscoin, allowing miners of Litecoin and Dogecoin to simultaneously mine Bellscoin, which has improved its network security and profitability.
As of now, Bellscoin remains a niche cryptocurrency but has been steadily growing in terms of community and value.
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