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BNbitcoin Stock

BNbitcoin

BNBTC

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BNbitcoin Whitepaper

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XeggeXBNBTC/USDT0.01009.650.01cex16/26/2025, 2:51 PM
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BNbitcoin FAQ

### What Is BNbitcoin (BNBTC)?

BNbitcoin (BNBTC) is a smart contract implementation developed within the Binance Smart Chain (BSC) ecosystem. Originating as a fork of an Ethereum-based project, it has been enhanced and adapted to comply with BSC's BEP20 standard, and modified to effectively operate with the BSC blockchain's faster block times. It is a purely mined Proof-of-Work (PoW) BEP20 token native to the BSC network, launched without any pre-mine, airdrop, or Initial Coin Offering (ICO). The PoW mining process ensures a demonstrably neutral, fair, and transparent distribution.

What is the purpose of BNbitcoin and what are the details of its distribution?

BNbitcoin aims to establish itself as the leading Proof-of-Work (PoW) based store of value on the Binance Smart Chain platform, which is classified as a "Proof-of-Staked-Authority" (PoSA) blockchain. Fundamentally, BNBTC mining operates similarly to Bitcoin mining, with the primary distinction being the security and consensus mechanism. While Bitcoin relies on the SHA-256 algorithm, BNBTC employs the SoliditySHA3 hashing algorithm solely for its distribution, benefiting from the security of the underlying network. The work of BNBTC miners is directed to the smart contract, which adjusts the mining difficulty each epoch. This adjustment is based on the total hashpower interacting with the contract to ensure alignment with the target block time. Furthermore, BNBTC honors Bitcoin's characteristic of scarcity, adhering to a neutral distribution policy with a maximum supply of 21,000,000 BNBTC. This supply will be generated over the coming decades exclusively through the energy-intensive PoW mining process.

Is BNbitcoin expected to become scarcer in the coming years, similar to Bitcoin?

Similar to Bitcoin, BNbitcoin features a target difficulty adjustment period of two weeks and an intended block time of 10 minutes. It also employs the block reward halving policy originally devised by Satoshi Nakamoto, aimed at maintaining perpetual scarcity, security, and long-term decentralization. The initial era starts with a block reward of 50 tokens for the first 10.5 million tokens mined. This reward is subsequently reduced by 50% to 25 tokens in the second era following the initial halving, continuing through 40 eras to be mined over the upcoming years. All related data and analytics can now be accessed on Eulerpool.

What is the primary feature of the BNbitcoin project?

The primary advantage of BNbitcoin lies in its combination of Bitcoin's deflationary policy, neutral distribution, scarcity, and transparency with the lower transaction and minting fees characteristic of the Binance Smart Chain. As a fully BEP20-compliant cryptocurrency, it is compatible with a variety of existing wallets, making BNBTC suitable for small payments.

What hardware or software is required for mining BNbitcoin?

Currently, BNbitcoin supports both solo and pool mining, with FPGA-based hardware serving as the reference method and the primary contributor to the total network hashrate. Nonetheless, mining rigs equipped with Nvidia and AMD GPU cards are also compatible, when paired with the mining software available for both Linux and Windows operating systems.

Where can BNbitcoin (BNBTC) be purchased?

BNbitcoin is currently accessible on BSC decentralized exchanges such as 1inch.exchange, pancakeswap.finance, apeswap.finance, and dodoex.io.

Investors interested in BNbitcoin are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.