Bitcoin/strong>/a>. To ensure the BTCB price remains consistent, Binance, a crypto exchange, has created a <strong>reserve of actual Bitcoin to back each BTCB token <\/strong>based on a ratio of one BTCB being equal to one BTC.<\/p>\r\n<p>Binance enables interested parties to view the Bitcoin reserve held by the cryptocurrency exchange by making its reserved address publicly accessible. This allows them to confirm that <strong>the amount of BTCB issued is equal to the total amount of Bitcoin in Binance's reserve<\/strong>. Being backed by Bitcoin, Bitcoin BEP2 price is always close to the price of Bitcoin. Thus, it could be said that <strong>Bitcoin BEP2 is like a BSC-based version of Bitcoin<\/strong>.<\/p>\r\n<p>Binance Chain utilizes a mix of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-delegated-proof-of-stake/">Delegated Proof-of-Stake (DPoS)<\/strong><\/a> and <strong>practical Byzantine Fault Tolerance (pBFT)<\/strong> mechanisms to secure the network and all assets on it, including Bitcoin BEP2 coins.<\/p>\r\n<h2>BTCB Use Case<\/h2>\r\n<p>In essence, the BTCB token's primary use case is that it permits holders to <strong>trade BTC even when it isn't present on the chain of the asset they wish to trade to<\/strong>. This enables to access more trading pairs, leading to an increase in trading volumes.<\/p>\r\n<p>BTBC holders can use the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//top-crypto-exchanges//binance-dex/">Binance DEX<\/strong><\/a> to exchange BTCB for a huge variety of crypto assets. Besides, by using the main <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//top-crypto-exchanges//binance/">Binance exchange<\/strong><\/a>, holders can turn their BTCB coins into BTC coins.<\/p>\r\n<p>Thus, BTCB is not an asset used for profit. Rather, it can be used as <strong>a<\/strong> <strong>means of exchange or a store of value<\/strong>.<\/p>\r\n<p><em>Check out the current BTCB price that is featured on the Bitcoin BEP2 price chart above.<\/em><\/p>\r\n<h2>Who Founded Bitcoin BEP2?<\/h2>\r\n<p>On June 17, 2019, Binance made the decision to <strong>launch pegged tokens to the top cryptocurrencies<\/strong>. Therefore, Bitcoin BEP2 was also introduced in this batch.<\/p>\r\n<p><strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-bep-2-binance-chain-tokenization-standard/">BEP-2/a>, short for Binance Chain Evolution Proposal 2,<\/strong> is a technological token standard for creating and deploying new Binance Chain tokens. It lays forth a set of guidelines and technical requirements that tokens must follow in order to function within the Binance Chain ecosystem. BEP-2 is the token standard for the Binance Chain, much like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20/strong>/a> is for the Ethereum blockchain.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/bitcoin-bep2-btcb-price","crypto_currency_info":{"id":12318,"crypto_currency_id":12017,"description":"Bitcoin BEP2 (BTCB) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Bitcoin BEP2 has a current supply of 112,501 with 105,176.5259014 in circulation. The last known price of Bitcoin BEP2 is 19,754.78378218 USD and is down -0.49 over the last 24 hours. It is currently trading on 129 active market(s) with $22,376,820.49 traded over the last 24 hours. More information can be found at https:\/\/bitcoin.org\/en\/.","tags":"[\"binance-chain\",\"bnb-chain\"]","platform":"{\"id\":\"1839\",\"name\":\"BNB\",\"slug\":\"bnb\",\"symbol\":\"BNB\",\"token_address\":\"BTCB-1DE\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/4023.png","original_links":"{\"website\":[\"https:\\\/\\\/bitcoin.org\\\/en\\\/\"],\"twitter\":[],\"message_board\":[],\"chat\":[],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/BTCB-1DE\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/bitcoin\\\/\"],\"announcement\":[]}","links":"{\"website\":{\"bitcoin.org\":\"https:\\\/\\\/bitcoin.org\\\/en\\\/\"},\"community\":[],\"explorer\":{\"explorer.binance.org\":\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/BTCB-1DE\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c\"},\"source_code\":\"https:\\\/\\\/github.com\\\/bitcoin\\\/\"}","data":"{\"id\":4023,\"name\":\"Bitcoin BEP2\",\"symbol\":\"BTCB\",\"category\":\"token\",\"description\":\"Bitcoin BEP2 (BTCB) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Bitcoin BEP2 has a current supply of 112,501 with 105,176.5259014 in circulation. The last known price of Bitcoin BEP2 is 19,754.78378218 USD and is down -0.49 over the last 24 hours. It is currently trading on 129 active market(s) with $22,376,820.49 traded over the last 24 hours. More information can be found at https:\\\/\\\/bitcoin.org\\\/en\\\/.\",\"slug\":\"bitcoin-bep2\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/4023.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":[\"binance-chain\",\"bnb-chain\"],\"tag-names\":[\"Binance Chain\",\"BNB Chain\"],\"tag-groups\":[\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/bitcoin.org\\\/en\\\/\"],\"twitter\":[],\"message_board\":[],\"chat\":[],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/BTCB-1DE\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/bitcoin\\\/\"],\"announcement\":[]},\"platform\":{\"id\":\"1839\",\"name\":\"BNB\",\"slug\":\"bnb\",\"symbol\":\"BNB\",\"token_address\":\"BTCB-1DE\"},\"date_added\":\"2019-06-18T00:00:00.000Z\",\"twitter_username\":\"\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"BTCB-1DE\",\"platform\":{\"name\":\"BNB Beacon Chain (BEP2)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}},{\"contract_address\":\"0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-07-13T18:23:42.000000Z","updated_at":"2023-05-18T14:34:48.000000Z"},"crypto_currency_social":{"id":2197,"crypto_currency_id":12017,"twitter":null,"reddit":null,"github":"{\"public_repos\":4,\"bio\":null,\"type\":\"Organization\",\"username\":\"bitcoin\",\"user_link\":\"https:\\\/\\\/github.com\\\/bitcoin\",\"created_at\":\"2010-12-18 00:00:00\"}","telegram":null,"domain":"{\"domain_rating\":90,\"ahrefs_top\":1630,\"traffic\":919916.9259834479,\"website\":\"https:\\\/\\\/bitcoin.org\"}"},"buy_page":null,"halving_page":null}"
:fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}"
>