How to buy Bitcoin Hyper before it launches
Bitcoin Hyper is one of the latest speculative tokens drawing attention before it even hits the open market.The project’s pitch is simple: give people a faster, cheaper way to move value that’s tied to Bitcoin, without actually being Bitcoin itself.That distinction is key.
Despite the name, Bitcoin Hyper has no official connection to Bitcoin’s developers or core network.“You need to understand what you are buying.This is not Bitcoin, but a tracking token for Bitcoin,” Wesley Crook, chief executive of FP Block, a blockchain engineering firm, told The Post.Instead, Bitcoin Hyper is meant to operate alongside Bitcoin’s blockchain, acting as a kind of proxy for Bitcoin in everyday transactions.
The idea is that holders could use Hyper to send and receive value more quickly and at lower cost than using Bitcoin directly.“Bitcoin is the original cryptocurrency with secure decentralization, liquidity and adoption,” Mitchell DeRaimondo, founder of SteelWave Digital, a tokenization management firm, told The Post.“Bitcoin Hyper is a spin-off project designed to combat the limitations of the original, prioritizing speed, scalability and expanded utility.”Below, we break down what Bitcoin Hyper is, how the presale works and how to use a secure wallet like Best Wallet to navigate the process.Bitcoin Hyper is a new token designed to sit on top of, and alongside, Bitcoin’s ecosystem.Rather than replacing Bitcoin, it’s marketed as a way to work around some of Bitcoin’s pain points.As Bitcoin has become more popular, its network has slowed and transaction fees have climbed.
That can make sending smaller amounts of Bitcoin feel clunky and expensive.Bitcoin Hyper’s solution is to act as a transactional stand-in.The project’s pitch is that investors who hold Bitcoin could use Hyper to move value more quickly and cheaply, while still being exposed to Bitcoin’s broader trend.That comes with a big caveat: Bitcoin Hyper is not Bitcoin.
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