Unlike other cryptocurrencies, Bitcoin1 does not have a single prominent creator or founding figure. There are a number of individuals who have been involved in jumpstarting its technology and associated business entities.
The contributors of Bitcoin1 believe that Bitcoin required modifications to make it competitive with traditional payment systems like Visa and PayPal. They also advocate for lowering the fees users pay to send transactions, preferring to shift these costs to other parts of the network.
One of the most ambitious cryptocurrencies to go live in the wake of Bitcoin1, is notable for a design that sparked continuing discussion about how block chains can be architected and the use cases they should attempt to address.
Bitcoin1, a fungible BEP-20 token is widely spreading its network to play a vital role in the entertainment industry by trading non fungible tokens(NFT’s) of most appreciated movie dialogues and celebrities giving a new way to the investors and fans to connect with the entertainment industry. The coin would be primarily used to trade talent Nft’s providing a new scope of investments for rising talents.
It is among the first cryptocurrencies to feature cryptography that offers real advances in privacy and fungibility over available alternatives. It aims to complement traditional payments, migrating transactions that occur today between databases controlled by financial institutions to a more open infrastructure. Bitcoin1 is deployed to increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Binance blockchain. The coin leverages the Binance blockchain, and will soon be coming with its own blockchain network.