What is BitEclipse?
BitEclipse is an ERC20 token built on top of the Ethereum blockchain. BitEclipse is designed to eclipse the Bitcoin network as a method of payment. BitEclipse is not a fork of Bitcoin, but an Ethereum token.
It is faster, cheaper, and smarter. |
FasterBitEclipse will have faster transaction speeds than Bitcoin. The average block time on Bitcoin is 11 minutes, while on Ethereum it's 15 seconds.
SmarterBitEclipse can work with smart contracts on the Ethereum blockchain. While there are plans to support them, Bitcoin does not currently support smart contracts.
Cheaper |
DecentralizedThere is no one single entity that controls BitEclipse. It is decentralized and transparent on the Ethereum network.
FiniteThere will only be 21,000,000 tokens produced, no more, no less. Each coin will be divisible to 8 decimal places.
Fair Distribution |
The average Bitcoin transaction fee is around $15 to $50, while Ethereum fees typically range from $0.20 to $0.80.
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Out of the 21,000,000 tokens produced, less than 5% will be held by the developer team. More than 85% will be evenly distributed throughout the community. This will happen through airdrops, bounties, and faucets.
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Why did we create BitEclipse?
There are multiple reasons, but one is that Bitcoin has issues with high transaction fees and slow block times. ERC20 tokens don't have these issues and they also have smart contract capabilities. BitEclipse is meant to be a ERC20 token on the Ethereum blockchain that is modeled after Bitcoin and designed to be better. Also, as BitEclipse grows it will display Ethereum's capabilities and strengthen its stance among cryptocurrencies. We chose not to name the token “Bitcoin Eclipse” because we felt that would give the false impression that we were part of Bitcoin or a Bitcoin fork. BitEclipse is unique in that there is no mining, and no ICO (Intial Coin Offering). The coin will be freely distributed thorugh airdrops, bounties, giveaways, and faucets.