Bitcoin 2
BTC2
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BTC2 (Bitcoin 2) is an early 2018 Proof-of-Stake privacy fork of Bitcoin featuring a fixed 21 million hard cap and declining emissions. However, the project exhibits severe structural and operational weaknesses across almost all evaluation metrics. Development is reduced to bare maintenance, with a stale roadmap frozen in 2021 and unmaintained Gitian build signatures. The community is effectively inert with negligible on-chain activity and identity confusion across multiple token contracts. Governance is nonexistent under an entirely anonymous team without a DAO framework. On the security side, CertiK Skynet provides a middling 63.58 ('B') rating with some unverified findings, but no comprehensive third-party audit report is available. Note that the Market and Use Case section lacked sufficient data and scored -1.0, and its weight was proportionally redistributed among the remaining sections. No qualifying red-flag events were affirmatively established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bitcoin 2 (BTC2)
Bitcoin 2 (BTC2) is a Proof-of-Stake privacy fork of Bitcoin created in early 2018. Designed primarily for payment use cases, the network adapts Bitcoin's core mechanics to a Proof-of-Stake and masternode consensus model. The tokenomics feature a fixed hard cap of 21 million units with declining inflation rates and scheduled block reward halvings.
The project operates without a decentralized autonomous organization (DAO) or formal community governance framework, with development led by an anonymous team. Technical maintenance has continued at a low intensity, including binary releases such as version 2.3.1b featuring spam/DoS filtering; however, the project roadmap has remained frozen since 2021 and reproducible-build Gitian signing has not been maintained since 2018.
BTC2 exhibits an inactive community presence and low on-chain transaction volume, alongside identity fragmentation across multiple third-party ERC-20 contracts sharing the name. While no hacks, exploits, depegs, or regulatory enforcement actions have been identified, the project lacks a full published third-party security audit report, holding a CertiK Skynet score of 63.58 (Grade B). Additional structural limitations noted in project evaluations include unverified initial distribution schedules and long-term tail-security considerations.