0xBitcoin

Mining

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0xBitcoin (0xBTC) is the pioneering pure mined ERC20 token on the Ethereum network, utilizing the SoliditySHA3 hashing algorithm and abiding by Satoshi Nakamoto's original whitepaper principles to create a trustless currency. It merges Bitcoin's scarcity and fair distribution with Ethereum’s rapid and programmable transactions. Operating as a smart contract on Ethereum, 0xBitcoin ensures decentralized, efficient, and secure transactions, embodying Web3's utility. The total supply is capped at 20,999,984 tokens, with 9,706,750 currently in circulation. The latest price is $0.08049978, with a 1.87% increase in the past 24 hours and an active trading volume of $14,838.08 across 37 markets. More details can be found at [0xbitcoin.org](https://0xbitcoin.org/).

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FAQ

What is 0xBitcoin?

0xBitcoin (0xBTC) is the first pure mined ERC20 token on the Ethereum network, created to combine the scarcity and fair distribution of Bitcoin with the speed and flexibility of Ethereum. By utilizing the SoliditySHA3 hashing algorithm, it ensures trustless and secure transactions, adhering to Satoshi Nakamoto's original vision of decentralized digital currency.

How does 0xBitcoin integrate with the Ethereum ecosystem?

0xBitcoin operates as a smart contract within the Ethereum ecosystem, taking advantage of Ethereum's speed, flexibility, and capacity for programmable transactions. This integration ensures that 0xBitcoin remains decentralized and efficient, offering quick and secure digital transactions without compromising the core principles of cryptocurrency.

What benefits does 0xBitcoin offer over traditional cryptocurrencies?

0xBitcoin provides several advantages, including the combination of Bitcoin's scarcity and distribution model with the Ethereum network's speed and flexibility. This creates a unique token that offers decentralized, trustless transactions while being a smart contract, enabling programmability and seamless interaction within the Ethereum ecosystem.

How is 0xBitcoin different from other ERC20 tokens?

0xBitcoin distinguishes itself from other ERC20 tokens by being the first to utilize a pure mining mechanism. Unlike many ERC20 tokens that are pre-minted or distributed via ICOs, 0xBitcoin employs the SoliditySHA3 hashing algorithm for mining, thereby following a decentralized and fair distribution model akin to how Bitcoin is mined.

What is the current supply and trading volume of 0xBitcoin?

As of the latest data, 0xBitcoin has a total supply of 20,999,984 tokens, with approximately 9,706,750 in circulation. It is an actively traded asset across 37 markets, with a 24-hour trading volume of around $14,838.08, highlighting its availability and relevance in the cryptocurrency market.

How can I get started with mining 0xBitcoin?

To start mining 0xBitcoin, you need a compatible Ethereum mining setup that supports the SoliditySHA3 hashing algorithm. Since it's a decentralized mining process, similar to Bitcoin, ensure you have the necessary hardware and software configurations, and connect to a mining pool if needed, to optimize your mining efficiency and potential rewards.

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