What Is Bitcoin BEP2 (BTCB)?
Bitcoin BEP2 (BTCB) is a Binance Chain token. Each BTCB is fully backed by a BTC reserve, with its price pegged to Bitcoin at a 1:1 ratio (1 BTCB = 1 BTC). The reserve address is publicly available for real-time verification, ensuring transparency.
Binance released the reserve address to demonstrate Bitcoin BEP2’s transparency and encourage independent audits. This initiative aligns with Binance’s goal to provide affordable trading opportunities for users of its decentralized exchange (DEX), a flagship service powered by Binance Chain.
Launched on April 18, 2019, Binance Chain quickly achieved decentralization and interoperability milestones. The Binance Chain Evolution Proposal 2 (BEP2), introduced in June 2019, outlines technical standards and governance rules for tokens within the Binance Chain ecosystem.
Founders of Bitcoin BEP2
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What Makes Bitcoin BEP2 (BTCB) Unique?
- 1:1 Bitcoin Backing: Each BTCB is fully collateralized by BTC, ensuring price stability.
- Transparency: Publicly verifiable reserves build trust.
- DEX Integration: Facilitates seamless trading on Binance’s decentralized exchange.
👉 Discover how BTCB enhances DeFi liquidity
Circulating Supply of Bitcoin BEP2 (BTCB)
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How Is the Bitcoin BEP2 Network Secured?
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Where to Buy Bitcoin BEP2 (BTCB)
BTCB is available on:
- Binance DEX
- Other supported centralized exchanges (CEXs).
FAQs
Is BTCB the same as Bitcoin?
No, BTCB is a tokenized representation of Bitcoin on Binance Chain, backed 1:1 by BTC.
How can I verify BTCB’s reserves?
Check the public reserve address.
Can BTCB be used in DeFi?
Yes, it’s compatible with Binance Chain’s DeFi ecosystem.
Related Pages
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