AboutBitEclipse 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. One reason BitEclipse was created, is because Bitcoin has major transaction fee issues. Sending a couple dollars to a friend can cost you more than $20 in fees. Ethereum is much faster and can allow near instant transactions. One unique feature of BitEclipse is that we will be airdropping tokens to investors of other airdrops, and other users that have participated in other airdrops. More than 2,000,000 BEC will be distributed to people that invested in the DAO. The DAO was a "decentralized autonomous organization" and the largest crowdfunding project of all time. BitEclipse is designed to be fair and decentralized. The tokens are being evenly distributed and we are giving most of them to the cryptocurrency community, for free. BitEclipse was created as an experiment. The lead developer is a teenager living in the United States. Some think that this is a bad thing, but keep in mind that Ethereum co-founder Vitalik Buterin was still a teenager when he started working on Ethereum. |
What is Ethereum?"Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe." - ethereum.org |
What are ERC20 tokens?"ERC" stands for "Ethereum Request for Comments”. This is an official protocol for proposing improvements to the Ethereum network. '20’ is the unique proposal ID number.
"ERC20" is actually a standard that tokens on the Ethereum network can meet, and tokens that check all the necessary boxes are deemed "ERC20 Tokens". These tokens are blockchain assets that have value, and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent by Ethereum transactions. This means that you store ERC20 tokens in you Ethereum address. So, your BitEclipse could be held in an Ethereum address that you can control. Many exchanges don't support Ethereum tokens, so only send them to a address that you control. |
Who owns BitEclipse?BitEclipse is decentralized and transparent.
This means that no one single entity will control BitEclipse. BitEclipse will be an open source project. Our code will be open for anyone to audit and explore. The developer team will hold less than 5% of the total tokens and there is no premine. All of the team's actions will be transparent and we will respond to the community. The majority of the coins will spread out through airdrops and giveaways. |