0xBitcoin (0xBTC)

0xBitcoin is the implementation of Bitcoin in Solidity and is the first decentralized ERC20 token for Ethereum. It is an open source community project, not led by an official team or corporation, and therefore does not have ICO capital or other vast amounts of currency/capital that a centralized token project would have. We believe as a community that decentralization is the true flavor of the blockchain and that is the architecture that provides open and transparent trust for users. We also believe that Ethereum and ERC20 tokens are a significant segment of the future of blockchain technology. The Ethereum Network has proven itself as the world’s first ecosystem for permissionless, transparent and immutable software applications. These software applications, typically taking the form of Smart Contracts, can all seamlessly interact with each other. To facilitate this process, various standard protocols have been developed such as the ERC20 standard for a common ‘token’ format so that these Smart Contracts can pass scarce, owned, and transferable data between one another without a centralized mediator. Up until 2018, every ERC20 token has been distributed in a matter that is generally known to align with ‘securities.’ The tokens are sold to ‘investors’ by the ‘creator’ under the pretenses that the ‘creator’ will perform some action to make the tokens more valuable. It should be clarified that Bitcoin is distributed via ‘bitcoin mining’ and therefore aligns itself as a ‘commodity’ and not a ‘security.’ This whitepaper will describe the first ERC20 token that aligns itself as a ‘commodity’ since it is distributed only using ‘Proof of Work Mining’ identical to the Bitcoin model. This token is also transferred on a blockchain in a method very similar to Bitcoin and so therefore interfaces with other software and with the world in a manner which is effectively identical to Bitcoin. This token has several advances that set it apart from Bitcoin such as the ability to directly interact with Ethereum Smart Contracts and the rest of the Ethereum Ecosytem in a permissionless way.
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Price $0.0000
Market Capitalization $0
24 Hours Volume $0
Available Supply 0
Total Supply N/A
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Cryptocurrency News
January 22nd, 2019

Bitcoin has good chances to win a competition with gold and become the premier alternative economic option in the world.

January 22nd, 2019

Ripple recently partnered with the Institute for Fintech Research, Tsinghua University to offer scholarships. They aim to sensitize the Chinese young leaders about blockchain’s international regulations.

January 22nd, 2019

In this exclusive interview, TRON founder Justin Sun explains what value the project proposes to its users, unveils how it stands out from other initiatives and shares TRON’s future plans.

January 22nd, 2019

According to Huw van Steenis, senior adviser to Bank of England Governor Mark Carney, cryptos have no value and fail fundamental tests of financial services.

January 22nd, 2019

The Coinone research notes that STOs can open new frontiers with better security over ICOs, and thus help to liquidate other illiquid assets.

January 22nd, 2019

With the new legislation, Wyoming may become the first state in the U.S. where banks are allowed to provide custodial services for digital assets.

January 22nd, 2019

Ethereum price may have its target at the previous low of $87 in case the demand level of $109 does not hold. Should the demand level of $109 hold, the ETH price will bounce and rally towards $145 price level.

January 22nd, 2019

It seems that last year’s rumors were true and that ORACLE, a cooperation offering a comprehensive and fully integrated stack of cloud applications and platform services, has partnered with Tron (TRX) Foundation.

January 21st, 2019

The unfolding year is said to bring many changes to cryptos and an intense regulation framework is going to be one of them according to Coinbase’s lead counsel in the UK.

January 21st, 2019

As Amazon stock price is showing a major revival, here’s a look into the challenges and opportunities for the e-commerce tech giant.