Name: | Bitcoin Classic Token |
Standard: | ERC223 |
Symbol: | BCT |
Platform: | Ethereum Classic |
Total supply: | 21.000.000 |
UMA, short for Universal Market Access, is a decentralized financial contracts platform that allows for the creation of synthetic assets. Engaging in an UMA exchange provides users the opportunity to trade these synthetic assets against other cryptocurrencies or fiat. Before participating in any UMA exchange, it's important to conduct due diligence. Check the platform's security features, trading volume, and user reviews to gauge its credibility. With a plethora of assets to trade, an UMA exchange opens up new investment avenues, but it's essential to understand the associated risks and regulatory implications before diving in.
Bitcoin Classic Token is a faster Bitcoin implementation on a real decentralized immutable blockchain (Ethereum Classic) with usable smart contracts, and is also the first mineable ERC223 Token running on the Ethereum Classic Blockchain. It is designed to be used as a decentralized ‘bitcoin-like’ token within the Ethereum Classic ecosystem and beyond. It avoids problems related to centralization as seen on Ethereum and security because it is powered by the Ethereum Classic Network and by globally distributed anonymous miners. Since it follows a standard protocol (ERC223), it is stored in a traditional Ethereum Classic wallet such as Classic Ether Wallet or the Saturn Wallet. Since every BCT token has been mined in a completely decentralized manner, there is no central body or central organization which controls or enforces any aspect of BCT.
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