BNbitcoin

Born as an evolution of an Ethereum-based project, it has been enhanced and adapted for compliance with BSC's BEP20 standard, and modified in order to contend with the faster blocktimes of the BNB blockchain. It is the purely mined Proof-of-Work (PoW) BEP20 token that is native to the BNB Smart Chain network, with no pre-mine, airdrop, nor Initial Coin Offering (ICO) being adopted for its initial distribution purposes. The PoW mining ensures a provably neutral, fair and transparent distribution.

BNbitcoin seeks to become the primary PoW-based store of value on the Binance BNB Smart Chain platform, which conversely is categorized as a "Proof-of-Staked-Authority" (PoSA) blockchain.

The process of BNBTC mining in principle is similar to the Bitcoin mining but with a difference: while Bitcoin’s network security and consensus mechanism are based on the SHA-256 algorithm, BNBTC takes advantage of the SoliditySHA3 hashing algorithm only for its distribution, being secured by the underlying network.

The BNBTC miner’s work is issued to the smart contract, which, every epoch, adjusts the mining difficulty based on the amount of total hashpower interacting with it to match the target blocktime. Additionally, BNBTC pays homage to Bitcoin's scarcity attribute, having the same neutral distribution policy, with its maximum supply limited to 21'000'000 BNBTC, created in the next decades by no other means than the energy-intensive PoW mining process.

The bigger advantage of BNbitcoin is that it combines the deflationary policy, neutral distribution, scarcity and transparency of Bitcoin to the less expensive transactions and minting fees typical of the Binance BNB Smart Chain. Being fully BEP20 compliant, it can be managed with several already available wallets, making BNBTC suitable also for small payments.

BNbitcoin is currently available on the most popular BNB Smart Chain decentralized exchanges and on Coinsbit.io.