eBTC – Just an ERC-20 token; not “Bitcoin on Ethereum” – Bitcoints

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Published on October 11th, 2017 | by bitcoin

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eBTC – Just an ERC-20 token; not “Bitcoin on Ethereum”

The Bitcoinlike feature of eBTC is that there are 21 million tokens, divisible to 8 decimal places.
(There is a problem where a bug in the eBTC smart contract means the creator could create unlimited tokens.
They haven’t used this bug and promise they won’t, while the developers work on a fixed version.)
You can trade it on Mercatox, and (like any ERC-20 token) on EtherDelta.
The price is currently about 12 cents per eBTC on Mercatox, while Ethereum transaction fees are around 35 cents.

Source: Davidgerard.co.uk



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