Bitcoin ($BTC) stands as the hallmark of cryptocurrencies, akin to how Xerox represents photocopiers and Google serves as a benchmark for search engines. It holds the title of the most well-known cryptocurrency and boasts the highest market capitalization at $2.1 trillion.
This prominence has naturally attracted institutional investors who are eager to secure a portion of the vast Bitcoin market.
Currently, Strategy is the largest Bitcoin treasury, holding 632,457 $BTC, which makes up about 3% of the total supply.
The Bitcoin Blockchain: Secure Yet Slow and Rigid
Despite being regarded as the most valuable cryptocurrency globally, Bitcoin isn’t recognized for swift transaction speeds.
Theoretically, the Bitcoin blockchain can process a maximum of seven transactions per second (TPS), but network congestion usually results in a lower actual throughput.
In contrast, Ethereum ($ETH) and Solana ($SOL) can achieve potential speeds of up to 119.1 TPS and 65,000 TPS, respectively. Consequently, it can take several days for Bitcoin transactions to be confirmed, leading to congestion and higher transaction costs.
Bitcoin Hyper: Accelerating Bitcoin’s Capabilities
Enhancing Bitcoin’s code could improve its speed and expand its functionality, albeit at the expense of its robust security.
This is where Bitcoin Hyper ($HYPER) enters the scene.
This initiative is designed to create a Bitcoin Layer 2 protocol that processes transactions outside the main Bitcoin blockchain, thereby expediting them while maintaining Bitcoin’s security.
Join the Bitcoin Hyper Presale
The Bitcoin Hyper team is currently conducting a presale to help realize the Bitcoin Layer 2 vision, having already raised an impressive $13.4 million. Recent large purchases have significantly bolstered this fundraising effort.
Tokens are available for $0.012845 during the presale, and holders will benefit from exclusive features once the Layer 2 launches, including participation in DAO decisions and the ability to pay gas fees within Bitcoin Hyper.
With projects like Bitcoin Hyper, Bitcoin is on the verge of becoming faster, cheaper, and more versatile than ever before. It appears certain that Bitcoin will continue to reign supreme in the cryptocurrency market.
Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/whales-buy-30k-bitcoin-hyper-tokens
