Buxcoin is a decentralized, peer to peer cryptocurrency that runs on a private blockchain. In layman terms, it’s a secure digital currency that is operated by a network (blockchain) of independent nodes. All transactions on the network are confirmed by distributed consensus, and the records on the network are immutable and irreversible. This means users don’t need any third-party to oversee.

The official Buxcoin ticker is “BUX” and trades under that name on all the exchanges where it has been listed. The designation “BUXCOIN” is for CryptoCompare.com only.