Bitcoin led a wave of general rise in 2024, ushering in a vibrant period for the entire cryptocurrency market. This round of rise is mainly driven by concepts related to Bitcoin. Investors’ confidence in Bitcoin and its related ecosystem has significantly increased, leading to a series of Bitcoin related tokens and projects gaining attention. The third ecological fork of Grayscale Capital BTC KEY Bitcoin is worth paying attention to.
With further exploration and exploration of Bitcoin and its ecosystem in the market, this round of market trend is expected to bring opportunities for more innovative projects and provide new growth points for investors.
BTC KEY is expected to launch DAPP in December. And publish token economics, with 80% allocated to the community and 20% allocated to the team and contributors (with a lock up period). Among them, POW mining accounts for 50%, ecosystem treasury accounts for 15%, pre-sales account for 5%, consultants account for 5%, community grants account for 10%, and core contributors account for 15%. Analysis of Coinage Mode: BTC Private Key+BTC NFT=Synthesize BTC KEY, BTC KEY Flash Exchange USDT, BTC, BNB and other tokens, the private key is globally airdropped, the platform has no private key, the transaction fee is divided among community shareholders, and the global community mode is adopted for promotion and operation. The core technical team of Grayscale Capital manages the market value.
Grayscale Investments will officially launch the Grayscale Capital BTC KEY ecosystem globally in December 2024.
Grayscale Investment Company is a subsidiary of Digital Currency Group (DCG). DCG not only focuses on investing in digital currencies and blockchain, but also serves as an incubator for startups. In addition to Grayscale Investment, DCG also has two subsidiaries: Genesis, a cryptocurrency over-the-counter trading broker, CoinDesk, a blockchain news website, and over 150 other blockchain companies/projects invested in.
After years of development, Grayscale Investment Company has become the world’s largest cryptocurrency asset management company, with its cryptocurrency trust scale reaching $20 billion as of the time of publication.
What is the third ecological fork token of Bitcoin expected to be launched in December? Why is it worth paying attention to?
BTC KEY is a Bitcoin application extension solution that can gradually expand the Bitcoin blockchain into a scalable computing system without compromising consistency with the Bitcoin main chain. The birth of BTC KEY originated from the scalability issues of the Bitcoin network over a long period of time. With the widespread application of Bitcoin, the volume of online transactions has surged, resulting in longer transaction confirmation times and higher transaction fees. For many years, the Bitcoin community has been exploring methods to address this issue, such as second layer solutions like the Lightning Network. However, these methods often require additional infrastructure or complex operations.
In this context, the Grayscale Capital team proposed the concept of Bitcoin KEY in 2024, aiming to develop a solution that does not require significant modifications to the Bitcoin core protocol and can significantly enhance the application ecosystem expansion. The design inspiration for BTC KEY comes from fractal geometry, which recursively creates infinite expansion layers on the Bitcoin main chain to improve transaction processing power and speed while maintaining full compatibility with the existing Bitcoin ecosystem. The core idea is to use the core code of Bitcoin to build a tree like extension structure, where each layer can be further expanded, thereby significantly improving the parallel processing capability of the entire network.
Characteristics of BTC KEY
BTC KEY improves transaction processing capability and speed by using BTC and BNB core code to create infinite expansion layers on the BTC and BNB main chains, while maintaining full compatibility with the existing Bitcoin ecosystem.
In short, BTC KEY is a new model for expanding the application of web3 by splitting, recombining, and minting on the basis of real Bitcoin. It has the following characteristics:
1.Fast transaction speed: The block confirmation time of BTC KEY network is about 0.000001 seconds, with strong transaction processing capability.
2.Native compatibility: BTC KEY is developed based on Grayscale Capital and is a strategic partner of Binance nodes.
3.Dynamic adjustment: The recursive system based on BTC main chain can automatically adjust the number of expansion layers according to the degree of network congestion.
4.Secure Traceability: All transactions conducted on the BTC KEY network can ultimately be traced back to Binance nodes, with a bottom pool of $50 billion.
Returning to the project itself, whether from the perspective of project philosophy or implementation mechanism, it seems that BTC KEY, which has been insisting on the “legitimacy extension” of BTC, has indeed implemented the native extension of BTC with creative mechanisms.
The widespread adoption in the future, long-term verification of security, and integration and improvement with the BTC KEY ecosystem all require continuous self iteration and time testing. The Grayscale Capital BTC KEY project is worth paying attention to, with a strong market value management team and experts expecting the ecological coin BTC KEY to experience a ten thousand fold increase in value.
BTCKEY White Paper Overview
The concept of Bitcoin Private Key (BTCKEY) was first proposed by Satoshi Nakamoto in 2009. It is a 100% decentralized exchange platform coin designed and released based on Nakamoto’s ideas and the innovative concept of Pete, CEO of Grayscale Wall Street Capital. The Bitcoin private key is generated by the decentralized destruction, splitting, and reassembly of real BTC on the blockchain, followed by global airdrops. Each coin is synthesized through minting, and the principle of zero coin holding and zero private key on exchanges ensures fairness and justice. Global community airdrop marketing forms a decentralized circular payment system.
Unlike most currencies, the Bitcoin private key does not rely on a specific currency institution for issuance. It synthesizes 100% platform coins based on the coin minting model algorithm of 10% private key+90% NFT coin minting props, and generates them through extensive calculations. The Bitcoin private key economy uses a distributed database composed of numerous nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptographic design to ensure the security of all aspects of currency circulation.
The decentralized nature of exchanges and the algorithms themselves ensure that the value of Bitcoin cannot be artificially manipulated through the mass production of Bitcoin private keys. Cryptography based designs allow Bitcoin private keys to only be transferred or paid by real owners. This also ensures the anonymity and fairness of currency ownership and circulation transactions. The ecosystem of BTCK platform coins will be used in the web3 payment field in the future, and the global consensus created can make it easier for applications to land and develop steadily.
How to obtain the Bitcoin private key BTCKEY
If you are interested in it, I can tell you that you cannot buy Bitcoin private keys on the exchange, you can only buy the private key first and then buy NFTs for synthesis to obtain BTCKEY
An airdrop mining pool is a server designed through a specific algorithm, and all users connected to the mining pool server will use AI computing power to mine private keys.
Characteristics of Bitcoin Private Key BTCKEY
Decentralized Bitcoin private key is the first distributed virtual currency, where the entire network is composed of users without a central bank. Decentralization ensures the security and freedom of Bitcoin private keys.
Bitcoin private keys circulating worldwide can be grafted onto any global payment field
Exclusive Ownership – In the future, you can manipulate your Bitcoin private key to flash exchange fiat currency in any country, and it can be isolated and stored on any storage medium. No one else can obtain it except for you. Low transaction fees Currently, Bitcoin private keys can be remitted for free, but ultimately a transaction gas fee will be charged for each transaction to ensure faster execution.
As a payment method from A to B on the ecological chain, Bitcoin private keys have no cumbersome limit or procedural restrictions. Knowing the other party’s Bitcoin address allows for payment.
Why should we pay attention to Bitcoin private keys?
The Bitcoin private key represents a completely anonymous transaction method, which does not belong to any country and is not restricted by geography. It is a currency that users can freely exchange anytime and anywhere. For this fresh and promising form of currency, there is no reason not to pay attention to it. It is fair, just, open, and the project operation team does not retain private keys.
Issuance Information
Initial release date: December 1, 2024
First day opening price: 0.0001$
Public Chain: Binance Chain
Maximum Coinage Total: 100 Billion
Destruction mechanism: Circular private key ecological destruction
Core algorithm: SHA256
Investment institution:
2020 Ventures
Cyber Fund
Qushi Capital
BNK to the Future
Mutual Coin Capital
secret society originally dedicated to overthrowing the Manchus and restoring Ming dynasty
Zhongying Capital
Team members:
Satoshi Nakamoto (founder)
Wladimir J.van der Laan (Chief Maintenance of Bitcoin Repository)
Jonns Schneli (Bitcoin Core Developer and Maintainer)
Peter (Grayscale CEO)
William David (CEO of Grayscale Chain Exchange)
official website: grayscalevip.org
invitation code: 8BP9B7
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
