0xBitcoin is the implementation of Bitcoin on the Ethereum blockchain using the EIP 918 Interface and is the first mineable, completely decentralized ERC20 token. The 0xBTC smart contract was initiated on Feb-06-2018 04:03:46 AM +UTC. This token utilizes the same SHA-256 Proof of Work Algorithm as the original Bitcoin created by Satoshi Nakamoto. It also bears the same difficulty adjustment every 1024 blocks, halving, eras, and max coin supply of Bitcoin, but with the speed and versatility of an ERC20 token on the Ethereum blockchain.The purpose of this project is to provide the Ethereum community with a tool. This tool is the first truly Proof of Work mined token on Ethereum. This tool is also the first decentralized payment mechanism on Ethereum besides Ether itself. This is important because Ether is not designed to be a currency or to be a base pair. It is designed to be the lifeblood for the Ethereum Network. Ether is only a 'means to an end' for that purpose and would not exist if the Ethereum network could be secured without it. Therefore it is very important that the community looks to shift payments to a token that is 1) specifically designed for the purpose of payments and that 2) interacts with all standardized token services unlike Ether.