BITS (BRC-20) (BITS)

The BITS (BRC-20) coin, with the ticker BITS, aims to become the fundamental currency within the “Bitcoin Ecosystem” for facilitating interactions between various applications and digital infrastructure. Its overarching vision is to establish itself as the basic unit of value within this ecosystem.

BITS sets out a comprehensive plan to achieve its objectives. One of the key objectives is to build a fast and secure infrastructure called the “Bit Infrastructure,” comparable to the decentralized storage network (DSN) but with faster performance than the Bitcoin network’s proof-of-work mechanism (L1). Additionally, BITS provides user-friendly access, simplifying wallet connectivity to the “Bit Infrastructure” for individuals and enterprises, thereby promoting the wider adoption of the decentralized storage network.

BITS also aims to support multiple application scenarios, ultimately reducing costs and enhancing efficiency, leveraging its decentralized storage network. The coin envisions an improved economic model within the Bitcoin ecosystem, fostering a more productive relationship between network storage providers (producers) and network storage users (consumers).