0xBitcoin

Overview of 0xBitcoin

0xBitcoin isn’t a project I’d heard of prior to researching this report, and even the inclusion of Bitcoin in its name made me a little dubious to begin with, if I’m honest.

0xBitcoin’s smart contract, running on the Ethereum network, maintains a changing “Challenge” (that is generated from the previous Ethereum block hash) and an adjusting Difficulty Target.

0xBitcoin price Index provides the latest 0xBTC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

0xBitcoin was created in February 2018 as the first mineable ERC-20 token, effectively operating as Bitcoin itself on the Ethereum blockchain.

0xBitcoin Price Reaches $0.81 (0xBTC)
Fri, Apr 30, 2021 10:50 PM
americanbankingnews

0xBitcoin (CURRENCY:0xBTC) traded up 6.9% against the US dollar during the 1-day period ending at 23:00 PM Eastern on April 30th.

0xBitcoin (0xBTC) is the #1316 largest cryptocurrency by market cap as of May 05, 2021, with a market cap of $4,496,809 USD.

0xBitcoin Foundation is able to use the above tools since its podcast host or measurement company offers this service.

0xBitcoin + Decentralized TV – @Ge0ffedUP @brandon_grill @mseiler1 + @Nemisist2 & @CryptoMykel

0xbitcoin_logo.png ‎(400 × 400 pixels, file size: 28 KB, MIME type: image/png)

Blockchain

Mine

Regarding mining 0xBitcoin, I discovered that it operates exactly like Bitcoin, where difficulty auto-adjusts every 1024 blocks with the hashrate and miners utilise the Keccak256 hashing algorithm, with 6 blocks minted per hour and a 50% reduction of the block reward each time that half of the remaining supply is mined.The document also lays out the code for the smart contract, so there is a mixture of technical and non-technical prose.The first such halvening is a couple of years away.The mechanism of emission is one where the entire supply of tokens is locked up at genesis at dispensed with each newly minted block.The total token supply is 21mn tokens and there was no premine or ICO.

Network

Regarding 0xBitcoin itself, the discussion focused around the future of Ethereum and its scalability issues and potential solutions, as well as the simplicity of 0xBTC; with its primary purpose being a token that functions exactly like Bitcoin except with the ‘upgrade’ advantages of being native to the Ethereum network.

Support

Nonetheless, this is promising.Now, this, though the nominal figure of liquidity seems low, actually places 0xBitcoin 4th amongst coins from previous reports for Liquidity-to-Network Value.Of course, this is more common for smaller projects, as their Network Values are much lower and thus it doesn’t take a great deal of buy support to have relatively strong Liquidity.Regarding 0xBitcoin’s buy-side Liquidity, I calculated there to be 0.54 BTC of buy support within 10% of current prices across listed exchanges, equating to 0.46% of its Network Value.

Transactions

So, using 7 days of data from Etherscan, I calculated that 0xBitcoin has an average of 164 on-chain transactions per day, amounting to $3,070 of Average Daily Transactional Volume.This gives 0xBitcoin a 7-day NVT of 332.9; around 15x higher than that of Bitcoin.Though not abysmal, this is indicative of a low degree of demand for 0xBTC as a means-of-payment, even for a small and relatively new project.

Can I download this icon for free?

Yes! This icon has been open sourced,
and can be downloaded at no charge / for free.

Can I use this icon for commercial purposes/projects?

Yes.This icon can be used for commercial purposes,
but may require attribution (eg.a link).If it’s a logo or
trademark, it may be owned by another company.

Can I use this icon for personal purposes/projects?

Yes.This icon can be used for personal projects including
websites, designs, presentations and other things.

How do I buy 0xBitcoin?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including 0xBitcoin.

How does 0xBitcoin solve those problems?

0xBitcoin is the first ERC20 token that can be mined using proof of work.It has many of the same characteristics of Bitcoin (no ICO, 21 million hard cap supply, its mining algorithm automatically adjusts with PoW hashrate, and reward decrease as more tokens are minted).

How Does it Work?

0xBitcoin is the first ERC-20 token to use proof of work to distribute its tokens.Using proof of work to distribute a token on the Ethereum blockchain merges the desirable characteristics of Bitcoin and ERC-20 tokens.

How does it work?

Typically, ERC20 tokens will grant all tokens to the owner or will have an ICO and demand that large amounts of Ether be sent to the owner.Instead of granting tokens to the ‘contract owner’, all 0xbitcoin tokens are locked within the smart contract initially.These tokens are dispensed, 50 at a time, by calling the function ‘mint’ and using Proof of Work, just like mining bitcoin.

How Does it Work?

Most people are familiar with how ERC20 tokens work.They are not designed to be mined, but are usually distributed through an airdrop or initial coin offering.In the case of 0xBitcoin, neither of these things will occur.Instead, the team is introducing a mineable ERC20 token, in order to combine the scarcity and fair distribution model of Bitcoin with the speed of the Ethereum ecosystem.

How Many 0xBitcoin Coins Are There?

There are currently 5,736,550 0xBitcoin coins circulating out of a max supply of 20,999,984.

How much 0xBTC will I earn per day?

To figure this out, you would go to https://0x1d00ffff.github.io/0xBTC-Stats/?page=miningcalculator&# and use their calculator.The calculator does provide a rough estimate, so you may get paid a higher or lower amount than what the calculator actually says.

How to buy 0xBitcoin?

Investors can buy 0xBitcoin on only a few of the lower volume exchanges.This strange crypto does have a surprisingly large trading volume for what it is, and investors should be able to easily execute a trade.Trades can also be completed using two different trading pairs.Investors are free to utilize either Bitcoin or Etheruem for the swap, as both of them have decent liquidity.This is an ERC20 cryptocurrency, and investors looking for a safe place to store their investment will need to seek out an Ethereum based wallet.There’s a ton of ways to do this, and if you be sure to choose a safe wallet, then you’ll be okay.If you need some help, then you could look into the Meta Mask plugin or possibly an Android or iOS wallet such as Coinomi if you’d prefer an option that can store multiple currencies in one easy to use application.No matter what wallet you use, take the time to create a backup of your seed on a sheet of paper in the event that your device becomes inoperable.

How to find new cryptocurrency projects?

One of the biggest challenges in the crypto space is to find the right projects at the right time.There are hundreds of projects launched…

Is it profitable to
invest in 0xBitcoin?

Yes.The long-term earning potential is
+59.57% in one year.

Is it safe to invest in 0xBTC now?

Unfortunately, the 0xBitcoin analysis does not look very good right now.

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0xBTC is a faithful implementation of Bitcoin as a trustless, immutable Ethereum smart contract.It combines the Bitcoin properties of block rewards, proof-of-work issuance, and a 21 million coin cap with the Ethereum properties of speed, DApps, and DEX trading.

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What coins are similar to 0xBitcoin?

The following coins use 0xBitcoin’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Maker, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

What do you think about the 0xBitcoin today?

Let us know by clicking the given button.

What hashing algorithm does 0xBitcoin use?

0xBitcoin is a coin that uses the ETH Token algorithm.

What Is 0xBitcoin Cryptocurrency?

There are numerous versions of Bitcoin in the cryptocurrency world today.Most of them are ultimately irrelevant, although there is one exception in the form of Bitcoin Cash.Whether or not 0xBitcoin will make a meaningful impact in this regard remains to be seen.It is designed to be the first mineable ERC20 token, although it will raise a lot of questions.

What Is 0xBitcoin's Price Today?

0xBitcoin (0xBTC) is trading at $0.78389 USD, decreasing by -9.89% since yesterday.0xBitcoin has traded $821,499 USD in the last 24 hours.

What is 0xBitcoin?

0xBitcoin (0xBTC) is a mineable ERC20 token that operates on the Ethereum platform.Users are able to generate 0xBitcoin’s through the process of mining.0xBitcoin aims to be the main cryptocurrency and store of value on the Ethereum platform.

What is 0xBitcoin?

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.

What is 0xBitcoin?

0xBitcoin is a mineable ERC20 token used as a medium of exchange.0xBTC is a faithful implementation of Bitcoin as a trustless, immutable Ethereum smart contract.It is not a fork.It combines the Bitcoin properties of block rewards, proof-of-work issuance, and a 21 million coin cap with the Ethereum properties of speed, DApps, and DEX trading.0xBitcoin is not affiliated with either Bitcoin or Ethereum.It is an independent project with a decentralized development community.

What is 0xBTC?

0xBitcoin (0xBTC) is the first
mineable ERC20 token on Ethereum.It uses mining for distribution,
unlike all previous ERC20 tokens which were assigned to the contract
deployer upon creation.0xBTC is the first implementation of the EIP918
mineable token standard
(https://eips.ethereum.org/EIPS/eip-918),
which opened up the possibility of a whole new class of mineable assets
on Ethereum.Without any ICO, airdrop, pre-mine, or founder’s reward,
0xBitcoin is arguably the most decentralized asset in the Ethereum
ecosystem, including even Ether (ETH), which had a large ICO.

What is the Reddit page for 0xBitcoin?

The official Reddit community (subreddit) for 0xBitcoin is r/0xbitcoin.

What is the value of 0xBitcoin?

One 0xBitcoin (0xBTC) is currently worth $0.78 on major cryptocurrency exchanges.You can also exchange one 0xBitcoin for 0.00001374 bitcoin(s) on major exchanges.The value (or market capitalization) of all available 0xBitcoin in U.S.dollars is $4.48 million.

What is
the 0xBitcoin price today?

The current price of 0xBitcoin is
0.784 USD today.

What
will 0xBitcoin be worth in five years
(2026)?

The 0xBitcoin (0XBTC )
future
price will be
3.561 USD.

Where can I find free finance icons & illustrations?

Iconduck has 116,704 free open source icons & illustrations.You can find more finance icons right on this website.

Where can I get 0xBitcoin wallet?

0xBitcoin produces its own wallet software that is available for download on its website, which allows you to store 0xBitcoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Why 0xBitcoin?

That is the main question people will ask themselves, for rather obvious reasons.Another currency or token abusing the Bitcoin brand will always raise a lot of suspicions.That’s especially true when that currency isn’t using Bitcoin’s blockchain, but rather that of Ethereum.Moreover, an ERC20 token with the Bitcoin name in it is often a sign of a scam, but it seems 0xBitcoin shouldn’t be classified as such just yet.

Why not just use Ether?

Ether is not an ERC-20 token and does not interact with smart contracts and other ERC-20 tokens as easily as ERC-20 tokens.Additionally, raiden is Ethreum’s lightning network solution, but Ether is not compatible with raiden.0xBTC is compatible with raiden.

Will 0xBitcoin crash?

According to our analysis, this will not happen.

Will 0xBitcoin hit 1 USD in a year?

Yes, within a year.See above.

Will 0xBitcoin hit 10 USD in a year?

Not within a year.See above.

Will 0xBitcoin hit 5 USD in a year?

Not within a year.See above.

Will 0xBitcoin price fall / drop?

No.See above.

Will 0xBitcoin price grow / rise / go up?

Yes.The 0xBitcoin price can go up from
0.784 USD to
1.251 USD in one
year.

Will 0xBitcoin replace / surpass / overtake
Bitcoin?

According to our predictions, this won’t happen in near future.

History of 0xBitcoin