Speed coin is a v3.0 proof of stake coin. With a very low block reward of just 5 coins and a target speed of 1-10 minutes, transactions were designed to be sent very quickly while maintaining very stable pricing.

Although 'SPEED' was the ticker assigned at the deployment of the Speed Coin Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'SPEEDCOIN' has been adopted for this token. This designation ensures that assets are distinctly identified.