Bitnet: Bridging Innovations and Foundational Principles in Blockchain
Launched on July 14, 2023, Bitnet emerges as a transformative blockchain platform aiming to reconcile the legacy of Bitcoin’s trustlessness and decentralization with Ethereum’s technological advancements. It seeks to address the challenges that have historically prevented Ethereum and other subsequent blockchain projects from overtaking Bitcoin's dominant position in the market. Despite Ethereum's status as the second-most renowned blockchain, it has been unable to close the significant gap with Bitcoin, among other reasons, due to contentious initial coin distribution, a shift towards a proof-of-stake consensus model, and concerns over centralization and governance practices.
Bitnet distinguishes itself by adopting Bitcoin’s principles of equitable launch while seamlessly integrating Ethereum’s innovations in smart contracts, scalability, and interoperability, alongside its own unique technological enhancements. This strategic fusion aims to set a new standard in the blockchain space by providing a secure, decentralized financial system that combines the best aspects of its predecessors. While still in its nascent phase and its impact speculative, Bitnet is positioned as a potential contender capable of challenging Bitcoin's supremacy, indicating a significant paradigm shift in the blockchain landscape.
Where is Bitnet available for purchase?
You can exchange BTN tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Bitnet is XT.COM, notably the BTN/USDT pair, which saw a trading volume of $ 149,871 in the past day.
What is the highest value Bitnet (BTN) has ever reached?
Bitnet (BTN) reached its peak price at 1.95 $ on 12 August 2023, approximately 2 years ago ago. Presently, the current price is -99.38% lower than this all-time high.
What is the historical minimum price for Bitnet (BTN)?
The minimum price reached for Bitnet (BTN) was 0.00001823 $, documented on 06 November 2023, more than 2 years ago. In comparison, the current price is 65,582.33%, it above this historical low.
What is the fully diluted valuation of Bitnet (BTN)?
The fully diluted valuation (FDV) of Bitnet (BTN) stands at $ 70,931. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BTN tokens. The realization of this FDV might take several years depending on the emission schedule of BTN tokens.