What is Bitchain (BIC) and How Its Works?

What is Bitchain?

Bitchain (BIC) is heading for a true peer-to-peer electronic cash system. Bitchain (BIC) vision is to build an ecosystem that consists of Apps, Tools, Gateways, and other technical revolutions in which BIC is the circulating payment method.

Bitchain (BIC) is digital Token you can send through the Internet. Compared to other alternatives, BIC  has a number of advantages. It uses peer-to-peer technology, so Tokens are transferred directly from person to person via the internet without going through central authority or bank; BIC is a blockchain-based asset with similar functionality to Bitcoin, ether etc. it can hold value and be sent and received. This means that the fees are much lower, you can use them in every country, your account cannot be frozen and there is no arbitrary limit.

Bitchain (BIC) Token with a built-in smart-contract makes it possible to carry out reliable and confidential transactions without the participation of external intermediaries in the person of banks or other third parties. Tokens can be bought through online trading platforms (exchanges and exchangers), or in personal transactions (the sender and receptionist agree personally). The Token trading process itself is identical to the typical trading process. 

BIC Tokens are stored and sent using BNB Smart Chain addresses and transactions. In the processes of transfer and storage is very simple. For this, digital wallets are used that implement the storage and processing of send and receive, convert, exchange etc, as well as the formation and signing of transactions. Wallets became Tokenization platform infrastructure. 

Some of the primary advantages of BIC Token are: low transaction costs, international borderless transferability and convertibility, trustless ownership and exchange, pseudo anonymity, real time transparency, and immunity from legacy banking system problems. Therefore, the BIC Token with a built-in smart-contract introduced nowadays and the future needs desires of users. Any user of BIC Token is able to take advantage of the extended benefits of a smart-contract. 

How Bitchain Works:

Among the main advantages of smart-contracts are: * autonomy (to conclude and confirm the transaction, you do not need to look for an intermediary represented by a broker, bank, notary, etc.); 

  • Reliability and security (a duplicate of a contract is stored in encrypted form on the blockchain);  
  • The security system is guaranteed by mathematical laws, make not possible the hacker attacks, as well as the substitution of information retroactively; 
  • Savings and speed — thanks to the blockchain, many intermediaries are eliminated and processes are automated;  
  • Accuracy — due to automation and minimization of manual work, the likelihood of errors that often appear when filling out forms during the approval process and when carrying out various contract operations manually is reduced. 

Technical information of Bitchain (BIC):

  • Name: – Bitchain
  • Symbol –: BIC
  • Block explorer :– BSCSCAN.COM
  • Chain: - Binance Smart Chain 
  • Decimals:- 18
  • Circulating supply: - 48,000,000 BIC 
  • Total supply: – 63,000,000 BIC
  • Maximum Supply: 63,000,000 BIC
  • Wallet: MetaMask, Binance Smart Chain Wallet, TrustWallet, etc