Bean Cash is a digital currency designed for scalability, speed, and fast transactions. Bean Cash was formerly known as Bitbean and is now rebranded. The project claims to be the first cryptocurrency to implement a block size of 20 megabytes. The project also claims to have introduced a static block reward system known as proof of bean that is more powerful and efficient than proof of work. Bean Cash aims to become an enduring digital currency with a store of value that can be used as a daily means of exchange.

Along with becoming a digital currency used in the real world, one of the project’s main objectives is to build on the original Bitcoin protocol. The project claims to be an energy-efficient protocol that does not require huge electricity to operate. The project also aims to improve transaction speed and lower such transactional costs. Further, the project’s motive is to become an affordable cryptocurrency for everyone worldwide.

The project has introduced a process known as sprouting. Any user who holds the native token of the project, BITB, and participates in the network is called sprouting. It is a process where transactions are verified, uploaded on the network, and made immutable. Users who participate in sprouting provide computing resources to the network and get incentivized for each new block made by the node. This process is known as proof of bean. According to the website, proof of bean is also called version 3.0 of proof of stake.

Another technology on which the project is working is called proof of resource. In this consensus mechanism, nodes provide computational power to create cloud computing and, in return, get an additional reward.

The Bean Cash native token, BITB, is a utility token. As the project suggests, it is used for daily transactions. Users who hold the BITB token and act as nodes on the network are provided with such tokens as a reward.

The Bean Cash network began on February 13, 2015. Although the project was named Bitbean, after some trademark issues with a different company and in order to resolve conflict, the project renamed itself Bean Cash in 2017. The maximum supply of the BITB is 21 million.