BTC City is a decentralized digital ecosystem that aims to utilize Bitcoin's security and decentralization to support urban development and services. ^{[1] [2]}

Overview

BTC City is a decentralized digital ecosystem that aims to integrate Bitcoin technology with blockchain concepts to develop an autonomous and transparent urban environment. It utilizes inscription technology, DAO governance, the SRC20 protocol, and the UTXO model to support secure and efficient interactions between digital residents and enterprises.

BTC City seeks to encourage the use of encrypted assets, enhance urban management, and improve quality of life through a decentralized framework. Bitcoin is employed as a key component to enable transactions and facilitate shared governance and services within the community. ^{[1] [2]}

Bitcoin Center

Singapore Bitcoin Center

The Bitcoin Center in Singapore is located in a key financial and technological hub. It aims to offer Bitcoin trading facilities, including ATMs, exchanges, and blockchain R&D centers. Supported by the Singapore government, it seeks to collaborate with global financial institutions and technology companies to contribute to the development of the Bitcoin ecosystem. ^[2]

Bitcoin Canton of Zug, Switzerland

The Bitcoin Center in Zug, Switzerland, is located in a prominent financial and blockchain hub. Zug aims to provide a favorable regulatory environment and tax benefits for Bitcoin companies, supported by developed financial, legal, and technological infrastructure. ^[2]

Bitcoin City Austin, USA

Austin Bitcoin City, located in Austin, Texas, USA, aims to support Bitcoin and blockchain technology research and development. It hosts innovative companies, provides a platform for Bitcoin community collaboration, and attracts venture capital to support the growth of the Bitcoin ecosystem. ^[2]

Architecture

SRC20 Protocol

The SRC20 protocol aims to enable the issuance and trading of digital assets on the Bitcoin blockchain. It facilitates the creation and execution of smart contracts to automate digital asset transactions. The protocol is designed to be compatible with the Bitcoin network, supporting the management and integration of digital assets. ^[2]

UTXO Model

The UTXO model, adopted by BTC City, is used to track unspent transaction outputs in cryptocurrencies like Bitcoin. This model stores transaction data on the blockchain, ensuring it remains secure, traceable, and resistant to tampering. It helps verify the authenticity and legitimacy of transactions, contributing to the security of the system. ^[2]

Base64 Encoding

BTC City utilizes Base64 encoding to convert binary data into ASCII strings, allowing for the unique identification of transactions and tokens. This encoding method aims to improve the security of data transmission and storage, reducing the risk of tampering or forgery. It also supports the tracking and management of transactions within the system. ^[2]

Tokenomics

BTC City Token

BTC City has a fixed token supply of 2.1 billion, aiming for full decentralization without reserved allocations, centralized control, or additional issuance.

Allocation

BTC City's token allocation aims to support decentralized governance and ecosystem development:

• 60% Community Autonomy: Intended for community-driven minting and governance, providing access to ecosystem rights.- 30% Community Management: Designated for market value management and infrastructure development.- 10% Community Airdrop: Set aside to reward early contributors to the ecosystem. ^[2]