What is eBTC?
eBTC is a tokenised ERC20 compatible version of Bitcoin, on Ethereum’s blockchain
What is the Difference Between Bitcoin and eBTC?
eBTC Transaction Time:
eBTC will have quicker transaction times than Bitcoin.
eBTC Transaction Fees:
Bitcoin’s transaction fees are usually between $2.00 and $5.00 USD, the eBTC transaction fee will likely be between $0.20 to $0.50 USD.
eBTC ERC20 Smart Contracts on Ethereum
eBTC will be fully compatible with Ethereum’s ERC20 smart contracts, as Bitcoin does not currently support them, eBTC will take full advantage of this.
Bitcoin vs eBTC
Bitcoin has an issue with it’s high transaction fees and slow block times. Where as ERC20 tokens have far cheaper transaction fees as well as the added benefit of having smart contract capability.
There isn’t currently a tokenised ERC20 compatible version of Bitcoin on the Ethereum Blockchain. Considering how long these two crypto’s have been around, this is really quite surprising.
eBTC will have the capabilities of Ethereum with the ability to transact in bitcoin, all the while strengthening it’s stance among crypto-currencies.