BitBar is a complex cryptocurrency. It has mixed qualities that are similar to Fairnova, Redcoin, and Novacoin. It’s also a unique and exciting alternative to the well-known Bitcoin. The BitBar is highly resistant to all ASIC miners, but that is probably to be changed in the future.In its core design, BitBar is supposed to be exceptionally rare which would result in holding a significant value for each unit. It is meant to be a “wealth storage” in the same way that Bitcoin is, only with additional Proof-of-Stake added. The PoS mechanism will help people that don’t have mining hardware to earn passive income in the form of staking.BitBar has an annual Proof-of-Stake return of 5%. PoS is useful not just for the investor – it is an excellent energy efficient approach that generates blocks for the chain.

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