Orange Capital has reached mining cooperation with BED, TimestampVC and Quantmax Fund.
Since the launch of BED (Bit Ecological Digital Asset) China first community on November 1, 2020, Orange Cloud Mining has been concerned by the crypto industry. Following the mining cooperation between Orange Capital and Crypto Capital on January 1, 2021, Orange Capital also cooperated with TimestampVC, a well-known U.S. financial service institution focusing on global development, and Quantmax, a top investment and research institution of blockchain in Singapore on January 7. TimestampVC and Quantmax Fund have reached a consensus on mining cooperation after the talks. TimestampVC and Quantmax Fund are also the earliest participants of Ethereum and EOS, with rich experience in blockchain investment and management.
The full name of BED is Bit Ecological Digital Asset, which adopts the hybrid consensus algorithm mechanism of POW + POS and continues the SHA256 algorithm of Bitcoin, has a total circulation of 21 million BEDs and a block is produced every 10 minutes. The block reward starts from 50 BEDs and is halved for every 210000 blocks. The economic model of BED aims to completely avoid the problem of POW computing power concentration and encourage miners to participate in the ecology, so as to realize fairness, justice and self-reliance I'm inspired by the consensus economy.