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Bitcoin Hyper Presale Nears $13.6M Raised as Whales Buy $30K Worth of $HYPER.

Bitcoin Hyper Presale Nears $13.6M Raised as Whales Buy $30K Worth of $HYPER

Bogdan Patru
by Bogdan Patru
2 hours ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin ($BTC) is the representative cryptocurrency, much like Xerox is to photocopiers and Google is to search engines. It’s not just the most popular cryptocurrency; it also has the largest market cap at $2.1T.

It’s no wonder, then, that institutional investors are rushing to claim a share of that huge Bitcoin market.

Strategy is currently the largest Bitcoin treasury, with 632,457 $BTC in its possession, accounting for around 3% of the total supply.

Strategy's most recent Bitcoin buys.

In other words, if you’re going to invest in crypto, Bitcoin is the one to buy.

The Bitcoin Blockchain: Secure But Slow and Inflexible

Although considered the world’s most valuable cryptocurrency, Bitcoin isn’t likely to win any awards for transaction speed.

Theoretically speaking, the Bitcoin blockchain can only handle up to seven transactions per second (TPS). However, it can typically handle less because of network congestion.

Solana's TPS eclipses that of Ethereum's and Bitcoin's.

In comparison, Ethereum ($ETH) and Solana ($SOL) can potentially reach up to 119.1 TPS and 65K TPS, respectively.

Because of this, it can take days for the Bitcoin blockchain to confirm transactions. This causes congestion, which makes transactions costly.

Bitcoin is also known for its security, thanks to its simplified script. But this comes at the cost of its flexibility.

You can’t use Bitcoin for things like advanced smart contracts, dApps, DeFi protocols, and NFTs. This is unlike Ethereum and Solana, which are why they’re the go-to chains for meme coin developers.

Bitcoin Hyper: Taking Bitcoin to the Fast Lane

We can argue that tweaking Bitcoin’s code can make it faster and expand its utility. This is possible, but we’ll have to trade its robust security to achieve those goals.

Enter Bitcoin Hyper ($HYPER).

This project aims to develop a Bitcoin Layer 2, a protocol that will process transactions outside of the base Bitcoin blockchain to help speed them up. As this will be built on top of the Bitcoin blockchain, it will retain Bitcoin’s security.

You can think of the L2 as a fast lane on Bitcoin’s crowded highway. Using the L2, transactions will be much faster and cheaper than on the main blockchain.

Bitcoin Hyper Layer 2.

Here’s a brief look at how the L2 will work:

  • Deposit your $BTC to a Bitcoin address monitored by Bitcoin Hyper’s Canonical Bridge
  • A Solana Virtual Machine (SVM) will verify the coin
  • After verification, a Bitcoin of the same value will be minted on the L2
  • This wrapped Bitcoin can be used on the L2 for various applications like staking, trading, and interacting with dApps; transactions will reach Solana-level speeds, thanks to the SVM
  • The state of the L2 is constantly committed to the L1 to ensure everything is synchronized and secure
  • If you want to withdraw your $BTC from the L2, simply create a withdrawal request
  • Once validated, you’ll get your $BTC back to your Bitcoin address on L1

When launched, Bitcoin Hyper will be able to take $BTC to heights it has never reached before.

💡Want to learn more about the project? Check out our piece on ‘What is Bitcoin Hyper?’.

Join the Bitcoin Hyper Presale

The Bitcoin Hyper team is running a presale to make the Bitcoin Layer 2 a reality. To date, it has already raised a whopping $13.4M, making it one of the year’s best presales.

Helping boost the project fundraiser are two massive whale buys in the last 24 hours, one worth $19,224 and the other valued at $11,629.

For now, you can purchase tokens for $0.012845 and claim them once the presale concludes. However, when the L2 launches, your coins will help you unlock exclusive features and participate in DAO decisions. Of course, you’ll also be able to use it to pay for gas fees within Bitcoin Hyper.

💰$HYPER’s value has the potential to reach $1.50 by 2030. Find out how this is possible in our ‘Bitcoin Hyper Price Prediction’.

To get $HYPER, visit the official Bitcoin Hyper website, connect your crypto wallet to the presale widget, enter the amount you want to buy, and pay with your credit/debit card or crypto. Our Bitcoin Hyper buying guide has more details on getting your hands on the token.

If you prefer to stake, you’ll be able to enjoy 81% p.a. rewards once you lock in your tokens. Remember that this can still change as more people stake the $HYPER they purchased.

Buy Bitcoin Hyper tokens today.

Bitcoin: Better Than Ever Before

When it comes to cryptocurrencies, Bitcoin is virtually untouchable. Valuable, secure, and popular, we don’t expect any other coin to unseat it from its throne anytime soon.

With projects like Bitcoin Hyper ($HYPER), the Bitcoin ecosystem can be faster, have cheaper transactions, and offer more flexibility than ever before. Things can only get better from the world’s biggest crypto from here.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/whales-buy-30k-bitcoin-hyper-tokens

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Bogdan Patru

Bogdan Patru

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As a crypto writer, Bogdan’s responsibilities are split between researching and writing articles and entertaining the team with his humor bordering on the politically incorrect, an aspiring Bill Burr, if you will. Thanks to his 12+ years of writing experience in just as many fields, including tech, cybersecurity, modelling, fitness, crypto, and other topics-that-shall-not-be-named, he's become a genuine asset to the team. While his position as a senior writer at PrivacyAffairs thought him valuable lessons about the power of self-management, his entire writing career was and is an exercise in self-improvement. Now, he's ready to sink his teeth into crypto and teach people how to take control of their own money on the blockchain. With fiat as an eternally devaluing currency, Bitcoin and altcoins seem like the best-fitting alternative for Bogdan. Bogdan’s biggest professional accomplishment, aside from securing a position as a main writer for Bitcoinist, was his 5-year run as a writing manager at Blackwood Productions, where he coordinated a team of four writers. During that time, he learned the value of teamwork and that of creating a working environment that breeds efficiency, positivity, and friendship.

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