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Overview: Bitcoin on Base (BTCB) is a tokenized version of Bitcoin launched in May 2024 on the Base, an Ethereum Layer 2 chain incubated by Coinbase. Designed with a capped supply of 21 million tokens and reduced to 15.63 million through strategic burns, BTCB mirrors Bitcoin's scarcity while leveraging Base's scalability. The project is community-driven, fostering decentralized governance and innovation in the financial and healthcare sectors. Its mission aligns with Coinbase's goal to onboard the next billion users onchain, serving as a secure, low-cost, and builder-friendly platform.
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