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Bitcoin - Money

Bitcoin First Class Citizen​

Note: This feature will be implemented in ThreeFold V4. Stay tuned for more information on this future feature.

The ThreeFold ecosystem will fully embrace Bitcoin (BTC) as a native payment and reward mechanism. Users will seamlessly utilize BTC to access any product or service within the ThreeFold ecosystem, from deploying workloads to paying for services. This Bitcoin integration will provide a familiar and trusted payment rail for both users and farmers.

Users Integration​

For users looking to deploy ThreeFold services, BTC will serve as a direct payment method. Whether you're setting up edge computing nodes, storage solutions, or other ThreeFold infrastructure, you will be able to pay for these deployments using Bitcoin. This will streamline the payment process and eliminate the need for multiple token conversions or complex payment structures.

Farmers Integration​

Farmers participating in the ThreeFold network will have the option to receive all their rewards directly in BTC. This means that when farmers will provide computing resources, storage space, or bandwidth to the network, they will earn Bitcoin as compensation. This native BTC reward structure will provide farmers with immediate access to the world's most recognized and liquid cryptocurrency, eliminating any concerns about token conversions or limited marketplace acceptance.

Seamless Experience​

The ability to use BTC throughout the ecosystem will create a seamless experience for all participants. Users will be able to pay in BTC, farmers will be able to earn in BTC, and the entire system will benefit from Bitcoin's security, reliability, and widespread adoption. This integration will make ThreeFold more accessible to the broader cryptocurrency community while providing a stable, well-understood value transfer mechanism for all ecosystem participants.

Please note that INCA stays the underlying utility-like token of the ThreeFold Ecosystem. BTC gets seamlessly swapped with INCA using atomic swaps.