Yes, another Bitcoin to Ethereum system was conceived and is currently undergoing Testnet testing as of this writing at https://btcpx.io but it was not created simply to copy or to capture market share from the other protocols currently in the marketplace but it was crafted to address some key features that were missing.
Let's rewind a little bit to tell you a little bit of this story as our journey did not start with the creation of this project called BTC Proxy but actually it started back in 2017 when we were mandated by a group of investors to experiment…
The Cryptocurrency Market Cap is down -6.52% to $130.61B in 24 hours. Kryptoin is down more by -7.37% to $27.26 and Bitcoin (BTC) loses -6.34% to $4040.83 in 24 hours.
Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated.
The largest cryptocurrency by market capitalization is currently trading at $4,000 — down 36 percent from its monthly opening price of $6,318 — according to CoinMarketCap data. That drop marks the biggest monthly loss of the year so far.
Amid the losses, trading volumes jumped by 33…
Founder of BTC Proxy