BritCoin was launched in June 2014 with one simple objective, to change the way the people think about their currency and offer an alternative that will improve their lives in many different ways. There is no one owner of the BritCoin, being peer-to-peer means that there are no central banks or private companies in control of Brit. Similar to the Internet, anyone with access is part of the network.
A public ledger, known as a "blockchain" is used for keeping records of individual wallet balances and transactions, which is maintained and updated by each individual wallet running on the BritCoin network. Think of the BritCoin wallet as a personal digital bank account of which you have full control over, send BritCoins to anyone who has a BritCoin wallet address.
All coins held in your wallet will give you 5% annual interest though our 'Proof of Stake' (PoS) system which means newly minted coins are distributed fairly, not controlled by small groups of mining farms as is the case with Bitcoin. This system ensures a fair and evenly distributed supply of new coins until the 20 million total supply is minted.
BritCoin has a dedicated team of 6+ people currently working hard on improving the Brit wallet, promotion and design while also releasing new features regularly. We also have an amazingly passionate community that help promote awareness for BritCoin. If you have any skills that would be helpful we'd love to hear from you.