What's the difference between BED and Bitcoin or Ethereum?
1) From the perspective of consensus mechanism: BED, BTC and ETH all adopt POW consensus mechanism;
2) Algorithmic: BED adopts SHA256 core algorithm, which has the same value attribute as BTC, but BED has established a new economic model through new technology development; ETH uses the Ethash algorithm.
3) From the perspective of mining cost: BTC mining is becoming increasingly difficult and has become an arena of mining equipment. At present, the latest 110T Ant S19 Pro mining machine has adopted the latest 7nm chip of manufacturing process, and the price of the machine is nearly 20,000 RMB. Some machines with low computing power, such as the former Machine King Ant S9, can only be eliminated, resulting in a huge waste of resources; ETH uses graphics card GPU mining, the cost is also quite high; BED can be mined directly with the existing bitcoin mining machine or the eliminated low-power Bitcoin mining machine. The cost of the mining machine is very low, which reduces the waste of resources.
4) From the perspective of total volume and upgrade space: the total number of BTC is 21 million, and the current price is about 76000 YUAN; The total amount of ETH will reach 113 million, and the current price is about 2500 yuan. The total number of beds is 21 million, the same as BTC.