Bitcoin (BTC) exhibits the Value Transfer OoV as it serves as the primary medium of exchange for purchasing blockspace (transaction processing) within the Bitcoin network. The token is uniquely required to pay transaction fees, which are collected by miners as incentives for validating transactions and securing the network. This aligns with the VT OoV definition, as BTC is the sole payment medium for this service within its ecosystem. Notably, BTC is not a wrapper token and its utility extends beyond mere representation (e.g., it cannot be redeemed 1:1 for any off-chain asset).
Bitcoin
btc$119,492
+1.72%
24h Price Range
$117,146
$120,008
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