BITSAND

Inspired by Satoshi Nakamoto's design of Bitcoin, initiate to construct a simple peer-to-peer system, and Bitsand is the smallest unit of circulation in this system. Like Bitcoin, Bitsand can be sent and received using a peer-to-peer network. Bitcoin's proof-of-work guarantees the decentralization of its issuance process by consuming external resources of the system, but the proof-of-stake can ensure the consistency and stability of the system at a lower cost from the perspective of system operation. Bitsand will be issued on the basis of Bitcoins which is already produced under the proof-of-work. All Bitsand will be obtained from the destruction of Bitcoins, and the system will continue to operate under the proof-of-stake. Bitsand was created only out of interest, and the value of this system depends on how people are willing to use it.