Market cap
$17.75K
-2.44 %
Circulating supply
20,550,001 BTCRED
Total supply
21,000,000 BTCRED
Bitcoin Red (BTCRED)
$ 0.00
-2.44 %
Main info
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Markets
Analytics
Key data
updated $0Market cap$17.75K
Volume 24h$0
Circulating supply20.55M
Bitcoin Red (BTCRED) is a cryptocurrency designed as a more efficient and scalable alternative to Bitcoin. It operates on its own blockchain with a focus on faster transactions and lower fees. The project aims to combine Bitcoin's security principles with modern blockchain innovations.
Frequently asked questions
What is Bitcoin Red and how is it different from Bitcoin?
Bitcoin Red (BTCRED) is an independent cryptocurrency inspired by Bitcoin but built on a separate blockchain. It offers faster block times and lower transaction fees compared to Bitcoin, targeting everyday usability.
What consensus mechanism does Bitcoin Red use?
Bitcoin Red utilizes a Proof-of-Work (PoW) consensus mechanism similar to Bitcoin, but with optimizations for energy efficiency. Miners validate transactions and secure the network through computational work.
How is Bitcoin Red's supply controlled?
Like Bitcoin, BTCRED has a capped maximum supply to ensure scarcity. New coins are minted through mining rewards, with a predetermined halving schedule that gradually reduces inflation over time.
How can I store and use Bitcoin Red?
BTCRED can be stored in compatible cryptocurrency wallets that support its blockchain. It's designed for peer-to-peer transactions and can be traded on supported exchanges or used in participating ecosystems.