A new virtual currency that’s a hybrid of the two is expected to hit the market by the end of the year, and is expected be one of the first big blockchain investments.
According to Bloomberg, the company behind the virtual currency called BTC 2k is planning to launch the new virtual coin by the beginning of the new year.
The new coin will be similar to a virtual currency but will have the same block chain, the Bloomberg report said.
In a statement, BTC 2.0’s CEO, Nick Szabo, said:We have always thought that the future of cryptocurrency is blockchain technology, and we believe that blockchain technology is the future.
The technology of cryptocurrencies can be used to improve the world, he said.
The first cryptocurrency that will be backed by blockchain technology will be BTC 2K.
Bitcoin 2.1 is expected in the second half of the next year, the statement said.
The first virtual currency to hit crypto markets was Bitcoin.
Bitcoin 1 was launched in 2008, but since then has been on a steady decline.
The value of bitcoin has plunged nearly 70% since then.