Gate.io Startup Project Archive: Bellscoin(BELLS)

2024-12-19, 15:16

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Gate.io Startup recently launched the Bellscoin (BELLS) project on November 29. The launch attracted a remarkable 54,468 participants.

**About Bellscoin(BELLS)**

**<a href="/vi/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>'s Founder's Other Memecoin: The Untold Story of Bellscoin **
In the memecoin universe, <a href="/vi/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> reigns supreme as the playful cryptocurrency that won the hearts of millions. Yet, few know about the fascinating backstory of its predecessor—Bellscoin. Created just eight days before <a href="/vi/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> by the same founder, Billy Markus (BillyM2K), $BELLS shares an extraordinary connection to the genesis of <a href="/vi/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> itself.

As Bellscoin rises to prominence again in 2024, it’s time to shine a light on this historic blockchain and its unique ties to one of crypto’s biggest success stories.

**The Genesis of Bellscoin and Dogecoin**
The story of Bellscoin begins in December 2013, when Billy Markus, inspired by the in-game currency “Bells” from Nintendo’s Animal Crossing, decided to create a lighthearted cryptocurrency. Bellscoin was launched as a layer 1 Proof-of-Work blockchain, made by Billy as “an attempt to get gaming and crypto together.”

Just days after Bellscoin’s launch, Markus collaborated with Jackson Palmer to create Dogecoin, using Bellscoin’s blockchain as the foundation. Dogecoin was directly forked from Bellscoin, and remarkably, the two blockchains share the same genesis message—“Nintondo.” This cryptic reference to Nintendo underscores the shared lineage and Markus’s playful approach to crypto creation.

**The Forgotten Memecoin Rises Again**
Despite its head start, Bellscoin was quickly overshadowed by Dogecoin’s meteoric rise. Mining activity ceased shortly after Bellscoin’s launch, and it fell into obscurity for nearly a decade.

Fast forward to December 2023—on Dogecoin’s 10th birthday—Bellscoin was revived by crypto enthusiasts Adam McBride and Luke Wright. This revival marked a turning point, as Bellscoin reclaimed its place in crypto history and embraced its status as the “Doge Daddy.”

**Bellscoin and Dogecoin: Shared DNA, Unique Journeys**
While both Bellscoin and Dogecoin share a common origin, their paths diverged significantly:

1.Shared Genesis Block
Both blockchains share the same cryptic genesis message, “Nintondo,” which pays homage to Markus’s gaming inspiration. This unique connection cements Bellscoin’s role as Dogecoin’s direct ancestor.

2.Merge Mining with <a href="/vi/price/litecoin-ltc" target="_blank" class="blog_inner_link">Litecoin</a> and Dogecoin
Bellscoin has adopted merge mining, allowing miners to secure multiple blockchains simultaneously. This innovation has propelled Bellscoin to the top of the Scrypt hashrate rankings, often surpassing both <a href="/vi/price/litecoin-ltc" target="_blank" class="blog_inner_link">Litecoin</a> and Dogecoin in security.

3.Advanced Blockchain Features
Unlike Dogecoin, Bellscoin has integrated SegWit and Taproot for enhanced scalability and privacy. The upcoming OP_CAT upgrade transforms Bellscoin into a robust sidechain for <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, unlocking billions of dollars in potential applications.
  
**A Cultural and Technological Powerhouse**
Bellscoin’s revival is not just about nostalgia—it’s about innovation and community:
  -Over 170 Million In_script_ions: Bellscoin is now the pioneer blockchain for in_script_ions, supporting a thriving ecosystem of digital collectibles that eclipses <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> Ordinals.
  -Bridges to <a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> and <a href="/vi/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>: These live bridges enable seamless cross-chain functionality, making Bellscoin a versatile player in the broader crypto ecosystem.
  -Decentralized and Community-Driven: With no pre-mine, venture capital, or team token allocations, Bellscoin epitomizes the grassroots spirit of crypto.

Bellscoin’s historical significance as Dogecoin’s predecessor gives it a unique narrative that resonates deeply with the crypto community. It combines this legacy with cutting-edge technology, creating a blockchain that bridges memecoin culture with practical utility.

Whether you’re drawn to its roots in the memecoin movement or its innovations in blockchain technology, Bellscoin offers something for everyone:
  -A shared history with Dogecoin that celebrates crypto’s playful origins.
  -Unmatched blockchain features like OP_CAT and merge mining.
  -A vibrant community that keeps the project growing and evolving.
  
Stay tuned to Gate.io Startup to explore potential projects, participate in Startup, and claim free token airdrops! Join now: <a href="https://www.gate.io/startup" target="_blank" title="">https://www.gate.io/startup</a>

<div class="blog-details-info">
<div>Author:** Gate.io Startup**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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