About Bitnet (BTN)

Bitnet emerges as a transformative blockchain platform aiming to reconcile the legacy of Bitcoin’s trustlessness and decentralization with Ethereum’s technological advancements. It seeks to address the challenges that have historically prevented Ethereum and other subsequent blockchain projects from overtaking Bitcoin's dominant position in the market. Despite Ethereum's status as the second-most renowned blockchain, it has been unable to close the significant gap with Bitcoin, among other reasons, due to contentious initial coin distribution, a shift towards a proof-of-stake consensus model, and concerns over centralization and governance practices.