Bitcoin 2 ranks #238 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1916: 1678 of the 1915 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 2157 non-native assets CoinSpectrum lists above it by market cap, about 77% are tokens, 18% are claims on other assets and 4% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #238 |
| Rank counting claims | #1916 |
| Market capitalisation | $1M |
| Price | $0.0588 |
| Circulating supply | 18,485,167 BTC2 |
| Maximum supply | 21,000,000 BTC2 |
| Consensus family | Proof of Work |
| Consensus mechanism | SHA-256 (Bitcoin fork) |
| Own hashrate | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Fewer than six of Bitcoin 2's nine network-security points are measured yet. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.7 | group average, 9 of 13 measured |
| Sound Money Qualities (6 checks) | 6 | 3 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 10 | fixed maximum supply of 21 million: supply scale 10, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 7 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✗ | an authority can freeze funds: From June 2019 the team made unclaimed snapshot balances unspendable ('the unclaimed balances cannot be spent'), a protocol-level freeze of coins belonging to BTC holders who had not yet claimed. |
| Divisibility: the smallest unit worth a cent or less | ✓ | 8 decimal places, the smallest unit worth $5.9e-10 |
| Portability: fees of a cent or less and capacity for real demand | – | |
| Verifiability: open-source nodes and checking without a trusted server | ✗ | node software open source; no light clients or pruned nodes |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✓ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | zBTC2 (Zerocoin) is disabled; ordinary transfers are transparent. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | zBTC2 is disabled "while a new privacy protocol is being worked on". |
| Scalability (fees, throughput, block time, block space, features) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 10 | a block every 10 minutes |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✓ | SwiftTX masternode transaction locks (PIVX/Dash InstantSend design) are documented as live; the PIVX-era node also relays first-seen with no replace-by-fee. Whether SwiftTX is still enabled by spork could not be verified. |
| Pruned nodes: a full node can validate and drop old history | ✗ | Bitcoin 2 2.3.1b has no -prune option. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Bitcoin 2 (PIVX-derived) is proof of stake, so Bitcoin-style SPV cannot check the stake behind its headers, and no shipped light client verifies it; light wallets trust a server. |
| Security (miner pay and 7 checks) | — | 2 of 3 points, 6 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | – | |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 0 |
| Node software is open source | ✓ | An anonymous 'Bitcoin 2 Team' controls the BITC2/bitcoin2 repository (MIT licence), the spork keys and the protocol changes, including the 2019 rule that froze unclaimed snapshot balances. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 1.1 | 1 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts: scripting for spending conditions | 1 | Bitcoin-derived Script (PIVX-style zerocoin codebase) with spending conditions only. |
| Multisig and time locks | ✗ | OP_CHECKMULTISIG is present, but OP_NOP2/OP_NOP3 stay no-ops in its interpreter (no CHECKLOCKTIMEVERIFY or CHECKSEQUENCEVERIFY), so outputs cannot carry time-locked spending conditions. |
| Atomic swaps with other chains | ✗ | Without CLTV/CSV no script refund path can be time-locked, so an HTLC cannot be expressed in an output. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature in the protocol. |
| Non-fungible tokens | ✗ | No token or NFT type in the protocol. |
| Decentralisation | 6.7 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: From June 2019 the team made unclaimed snapshot balances unspendable ('the unclaimed balances cannot be spent'), a protocol-level freeze of coins belonging to BTC holders who had not yet claimed. source |
| No central team (Source) | 0 | A central team directs it: An anonymous 'Bitcoin 2 Team' controls the BITC2/bitcoin2 repository (MIT licence), the spork keys and the protocol changes, including the 2019 rule that froze unclaimed snapshot balances. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. No developer allocation is documented: the chain started (mainnet early 2018) from a 1:1 snapshot of Bitcoin balances at BTC block 507,850, 16,848,064.795 BTC2, and everything since has been minted by stakers and masternodes. The snapshot is a fork airdrop to all BTC holders, not an insider grant. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Each block's 0.2 BTC2 goes 3/4 to the staker and 1/4 to a masternode; no developer or treasury share. source |
| Supply & Demand | 6.1 | group average |
| Supply & Demand (Source) | 2.2 | average of 3 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 0.1 | $10,755 traded in 24 hours; #2514 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.3 | 0.99% of its market cap a day |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0.1 | $1.1M, 0.1 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 10 | fixed maximum supply of 21 million |
| Record | 5.7 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-05-28, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 0 | 1 positive, 3 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 0.5 of 6 | ✓ | 1 commit in 1 of the last 12 months (github.com/BITC2/bitcoin2); Last release 2.3.1b, 2021-06-29; no release in the last 24 months. |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Bitcoin 2 2.3.1b. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Bitcoin 2 2.3.1b. |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in Bitcoin 2 2.3.1b. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
18,485,167 of a maximum 21,000,000 BTC2 are in circulation — 88.0% of the total that will ever exist.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
No developer allocation is documented: the chain started (mainnet early 2018) from a 1:1 snapshot of Bitcoin balances at BTC block 507,850, 16,848,064.795 BTC2, and everything since has been minted by stakers and masternodes. The snapshot is a fork airdrop to all BTC holders, not an insider grant.
No ICO or presale is mentioned in the BitcoinTalk ANN or on bitc2.org.
No sale of BTC2 by the team is documented.
Each block's 0.2 BTC2 goes 3/4 to the staker and 1/4 to a masternode; no developer or treasury share.
Bitcoin 2 (bitc2.org, CMC id 3974) is proof of stake with masternodes, not SHA-256 proof of work as the input says; it may not belong in the PoW set. A separate, unrelated 2024 project at btc2.lol also calls itself 'Bitcoin 2' (EVM fork at BTC block 839,999); the data here is for the bitc2.org chain. The snapshot froze unclaimed coins (2019, before the record window). clients is 0 because the only client's last release (2.3.1b, June 2021) is older than 24 months.
Sources: bitc2.org · bitc2.org · bitc2.org · bitc2.org · github.com. Researched 2026-10-26, medium confidence.
No source we can reach publishes a hashrate for Bitcoin 2.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Bitcoin 2 is #238 among cryptocurrencies and #1916 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1678 places between Bitcoin 2's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).