Super Bitcoin

Overview

Super Bitcoin (SBTC) was a cryptocurrency that emerged as a Bitcoin hard fork in December 2017. The project aimed to introduce smart contract functionality and zero-knowledge proofs to Bitcoin's architecture.

Purpose and Utility

The intended purpose was to enhance Bitcoin's functionality by adding features like smart contracts, lightning network support, and improved privacy features. However, research indicates that the project has been inactive since 2018, with no significant development or community engagement.

Business Model Assessment

The original business model centered around providing enhanced Bitcoin functionality through additional features while maintaining the core principles of decentralized cryptocurrency. The model itself did not involve any inherently haram activities.

Real-World Adoption

Current data shows virtually no active usage or trading volume. The project's official channels and development repositories have been dormant for several years.

Platform Development

There is no evidence of ongoing development activity. The project appears to have been abandoned shortly after its launch.

Token Distribution

The initial distribution followed a snapshot of Bitcoin holdings at block height 498888, with holders receiving SBTC at a 1:1 ratio to their BTC holdings. There is limited information about the team's token allocation.