Bitcoin Vault is an ecosystem of tools and services that allows users to send secure cryptocurrency payments. The coin itself is a fork of Bitcoin, but includes additional features to enhance its security. The owners and founders of the company are a team of crypto enthusiasts from Poland.
Bitcoin Vault was launched in 2019 in response to the need for a coin that would provide enhanced security features while offering convenience and transparency. The platform aims to find a balance between safety and speed. Bitcoin Vault is the first blockchain to be adapted to the Decentralized Digital Mining Standard (DDMS).
The company's early growth was impressive: They quickly launched the BTCV token on numerous exchanges and integrated the wallet with Google Play, Windows and Linux. But growth soon slowed as the company struggled to deliver the promised services. In early 2021, the company announced that Binance Pool has also started mining Bitcoin Vault using the SH consensus algorithm SHA-256.
Bitcoin Vault works much like a traditional hardware wallet, but Bitcoin Vault makes use of a unique three-key security solution that allows users to cancel transactions within 24 hours. The idea is that if the security of your local wallet is compromised, you can reverse any fraudulent transfer and protect your assets.
The process of generating new coins is identical to that of Bitcoin. New coins are created via 'mining': miners collect transactions, pack them into blocks and receive a reward for every block they successfully added to the blockchain.
The current supply of BTCV is around 2 million coins and the Bitcoin Vault price today is around $7. In general, BTCV price today demonstrates a downgrade pattern. The total volume of Bitcoin Vault is limited and will never exceed 21,000,000 coins. Now you can trade BTCV on BitMart, BKEX, LATOKEN, XT.COM, and MEXC.
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