Bitcoin Red (BTCRED) is a blockchain-based virtual currency but works like an ERC20 token. This
cryptocurrency combines the best features and attributes of the Ethereum and the Bitcoin
blockchain. Bitcoin Red is established as a community-driven platform with a focus mainly on the
updates regarding the Ethereum blockchain. The coin has been first announced on October 20, 2017.
The inventor of BTCRED has intentionally chosen the color of the coin to be red because it carries the
meanings of leadership and passion but also anger. Hence, BTCRED token is meant for the use of an
ERC20 token when swapped socially for the expression of emotions. Some users are saying that
Bitcoin Red is a better version of the current bitcoin because it is leveraging the best attributes of the
two most popular cryptocurrencies. It is created with an open source codebase and has a
decentralized exchange which allows instant trades. BTCRED`s core value sets good perspectives for
it due to its faster and cheaper means of exchange.

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