Introducing BTC20: The Green Bitcoin on Ethereum Launching Tomorrow – How to Buy?
An exciting new “green” version of Bitcoin called BTC20 is about to launch on the Ethereum blockchain, and industry experts are already hailing it as a coin with massive potential.
BTC20 has the same tokenomics design as the original Bitcoin, with a maximum supply of 21 million tokens which follow the same issuance schedule.
However, given the fact that it runs on the highly energy-efficient proof-of-stake Ethereum blockchain, it is much greener than the energy-guzzling original Bitcoin, whose network is powered by the highly inefficient proof-of-work blockchain consensus mechanism.
BTC20 has other key advantages over Bitcoin.
The fact it runs on Ethereum means that transaction times are faster and that it has immediate access to the Ethereum network’s massive ecosystem of Decentralized Finance applications.
That arguably gives it much greater utility, when compared to the original Bitcoin.
And that’s not all.
BTC20 is also being hailed as a much better investment opportunity than Bitcoin.
That’s because BTC20 winds the clock back to when the BTC price was $1 and supply was just 6.05 million token back in April 2011.
That means when the token launches on Ethereum-based decentralized exchanges (DEXs) on Thursday (at 1500 UTC), it will have a tiny market cap of only around $6 million.
Given the amount of hype the project has already been able to generate, it probably won’t stay at a $6 million market cap for long.
BTC20 is also being hailed as an amazing passive income opportunity.
As noted above, BTC20 has the same tokenomics as Bitcoin, including the same issuance, but with the clock wound back to 2011.
Back in 2011, the Bitcoin issuance rate was significantly higher than it is now, meaning BTC20’s issuance rate will be significantly
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