What is Openverse Network (BTG)?

Deep Dive

1. Purpose & Value Proposition

Openverse aims to bridge isolated blockchain ecosystems and traditional finance by standardizing value transfers through its Value Transfer Protocol (VTP). It positions itself as the “root system” for a global value internet, enabling frictionless movement of tokens, NFTs, and data across chains. The network focuses on real-world asset tokenization (via Bitsecurity VRC12) and enterprise-grade stablecoins (Privcurrency VRC11), targeting institutional adoption.

2. Technology & Architecture

The network uses a hybrid DPOS (Delegated Proof-of-Stake) + POH (Proof-of-History) consensus to achieve 300,000+ transactions per second and 0.38-second block times. Its Inter-Blockchain Communication (IBC) protocol allows arbitrary data transfers between chains, while OpenEVM ensures compatibility with Ethereum-based dApps. Gas fees are fixed at 0.000005 BTG per transaction, aiming for Web2-like user experience.

3. Tokenomics & Governance

BTG serves as:
- Collateral: Staked to mint Bitcurrency (algorithmic stablecoins), Privcurrency (enterprise tokens), and Bitsecurity (tokenized RWAs).
- Network Fuel: Pays for gas across Openverse and connected EVM chains.
- Governance: DPOS validators (root servers) are elected via BTG staking, with plans to include institutional/government nodes. The fixed 20M supply and deflationary burn mechanics aim to align long-term holder incentives.

Conclusion

Openverse Network positions BTG as the linchpin of a multi-chain ecosystem focused on institutional RWA integration and cross-chain interoperability. While its technical specs outpace rivals like Solana, success hinges on adoption of its proprietary asset protocols. Can Openverse’s “value internet” framework become the standard for enterprise blockchain integration, or will its complexity hinder mainstream uptake?