Bitcoin TRC20 BTCT

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$105,097.00 -1.9%

Market Cap

$0.00 (#12188)

Supply

0.00 / 25,000.00

Tags

Tron Ecosystem

More Metrics

Price
52W High price	$101,096.47
52W High date	9th Dec 2024 (5 months ago)
All Time High (ATH) Date	5th Dec 2023 (1 year ago)
ATH Price	$203,879.00
% From ATH	-50.25%
All Time Low (ATL) Date	22nd Nov 2022 (2 years ago)
ATL Price	$15,564.94
% From ATL	551.64%

Supply & Trading Volume
Trading Volume (24h)	$166,455.00
Total Supply	25,000.00

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Description

Bitcoin TRC20 (BTCT)

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Bitcoin TRC20 (BTCT)

The Bitcoin TRC20 (BTCT) token is a token standard created on the TRON blockchain. It is designed to be 100% backed by Bitcoin (BTC) and offers a novel way to utilize the value of Bitcoin within the TRON network. The reserve addresses for BTCT are publicly available for anyone to audit and verify.

As a TRC20 token, BTCT is built with a set of predefined functionalities similar to ERC20 tokens on the Ethereum blockchain. The BTCT token leverages the capabilities of the TRON blockchain, which is known for its high speed and low-cost transactions, enabling users to take advantage of these benefits.

The token's implementation involves defining essential functions, such as total supply, balanceOf, transfer, and allowance, ensuring that it can be seamlessly integrated into decentralized applications on the TRON network. This token's compatibility with the Ethereum network and its connection to the TRON Virtual Machine make it an attractive option for various use cases.

Key Functions:

• TotalSupply: Defines the total amount of tokens in circulation.
• BalanceOf: Returns the token balance for a specific wallet address.
• Transfer: Handles the transfer of tokens between addresses.
• TransferFrom: Facilitates token transfers controlled by another wallet address.
• Approve: Allows for token approvals and permissions.
• Allowance: Tracks token allocations between wallet addresses.

Interoperability:

• ERC20 Compatibility: BTCT tokens can be seamlessly transferred between the TRON and Ethereum networks through bridges.
• Peer-to-Peer Transactions: Users can conduct direct transactions without the need for intermediaries.

Reserve Addresses:

• Publicly Available: For transparency and open verification, the reserve addresses are published and accessible for anyone to audit.

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