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.
Rank
Price $0.0000
Market Capitalization $0
24 Hours Volume $0
Available Supply 0
Total Supply N/A
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Cryptocurrency News
November 13th, 2018

Ripple and TAS will be working together to overcome issues in the existing payments systems while leveraging Ripple’s blockchain technology and solutions.

November 13th, 2018

Ethereum co-founder and ConsenSys CEO Joe Lubin said that blockchain technology is able to change the mindset of the society.

November 13th, 2018

Stellar Lumens (XLM) has managed to win over EOS, becoming the 5th largest cryptocurrency in the world by its market cap.

November 13th, 2018

Spectacular scenario centers around Bitcoin Cash hard fork with the two camps engaging in the war of words.

November 13th, 2018

NEM experiences sudden surge, climbs to nine-week high after coincheck relists the token.

November 13th, 2018

Should the bulls gain enough momentum and break up the supply level of $227, Ethereum price will rally to the north and may have the supply level of $257 as its target.

November 13th, 2018

Since the world of money has changed significantly over the last decade, children need to be provided with principles of sensible money management. Pigzbe’s hand-held hardware wallet set to become the benchmark in educational finance.

November 12th, 2018

Last few days, a screenshot is seen circulating on social media revealing a decentralized blockchain protocol EOS practicing authority over its network. Meanwhile, first stablecoin – CarbonUSD – added to the ecosystem.

November 12th, 2018

If you want to learn how cryprocurrency works and how you can benefit from it, you will definitely like a new infografic by ICOholder.com.

November 12th, 2018

A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil.