What Is BTG? Understanding Openverse Network and Its Layer0 Vision

Openverse Network is one of the most technically ambitious projects in Web3. It offers a high-performance Layer0 framework designed to connect various blockchains into a unified value internet. 

Its native token BTG (Bitgold) powers the entire ecosystem and serves as the backbone of this network, functioning as both a gas asset and the foundation for a new type of value-driven digital economy.

At present, BTG trades at $9.72, rising 20.6% within 24 hours, with a market cap of $18.5 million and a fully diluted valuation of $194.7 million. The 24-hour trading volume stands at $23.9 million, showing strong market interest.

The token has a total supply of 20 million and a circulating supply of 1.9 million, making it a scarce utility asset within Openverse’s expanding ecosystem. 

The network’s long-term vision is to establish the Layer0 foundation for the “Value Internet,” a system where value can move across chains as easily as information travels on the web.

How Does Openverse Network Work?

Openverse Network acts as a Layer0 infrastructure that underpins a new value-based internet. Instead of operating as an isolated blockchain, it connects multiple networks through advanced communication and data protocols, allowing them to share assets and information seamlessly.

The platform incorporates Value Transfer Protocol (VTP), Inter-Blockchain Communication (IBC), and several custom standards such as VRC10, VRC11, and VRC12. 

These technologies create a high-speed and interoperable environment where decentralised applications and financial systems can interact freely.

The network uses a hybrid consensus mechanism that combines Delegated Proof of Stake (DPOS) and Proof of History (POH). This allows Openverse to achieve a throughput exceeding 300,000 transactions per second with a block time of 0.38 seconds. 

Transactions are confirmed in less than one second, ensuring an experience comparable to traditional web applications.

Gas fees are almost negligible, costing only 0.000005 BTG per transaction, which supports global accessibility. This efficiency allows the network to serve as the base layer for applications ranging from DeFi to real-world asset management.

The Open Name Service (ONS) helps users interact more easily with the ecosystem by replacing complex addresses with readable names. 

Meanwhile, Unified Identification (UID) provides consistent account standards across networks, enhancing interoperability for both individuals and organisations.

In short, Openverse functions as the underlying communication channel for Web3. It connects blockchains, financial systems, and real-world applications into a unified value network.

What Role Does BTG Play in the Ecosystem?

BTG, also known as Bitgold, is the main token powering the Openverse ecosystem. It serves multiple purposes that support both network functionality and economic stability.

Gas Fees

BTG is the gas token for transactions across Openverse and all networks based on its OpenEVM framework. This unified model simplifies user experience and enables consistent transaction handling.

Collateral and Asset Creation

Users can stake BTG to issue various digital assets such as Bitcurrency (VRC10), Privcurrency (VRC11), and Bitsecurity (VRC12). These categories represent currencies, enterprise-backed tokens, and securities, giving real-world structure to on-chain economies.

Medium of Exchange

BTG is also the primary currency used for trading on Openswap, Openverse’s decentralised marketplace. It facilitates exchanges across the ecosystem and maintains liquidity among assets.

Governance

Token holders can participate in decision-making by voting on network proposals, validator policies, and future developments. This ensures community-driven growth while maintaining decentralisation.

The limited supply of BTG gives it scarcity value, while its central role across gas, governance, and collateral ensures long-term demand as the ecosystem matures.

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What Is the Vision Behind Openverse?

Openverse Network aims to become the global hub for blockchain interoperability and value exchange. Its mission is to build the Value Internet, where assets and information move securely across different ecosystems.

The platform introduces new standards that extend blockchain’s utility into real-world applications. 

VRC10 (Bitcurrency) represents public or government-backed currencies, VRC11 (Privcurrency) represents private or corporate-issued tokens, and VRC12 (Bitsecurity) allows banks and enterprises to issue digital securities.

This structure mimics traditional finance but runs on a decentralised and programmable base, bringing together the best elements of both worlds.

The project also incorporates AI and high-performance computation to enhance decision-making and scalability, combining the reliability of blockchain with the speed of modern networks. 

With ultra-low latency and high throughput, Openverse eliminates the performance barriers that have limited Web3 adoption.

Its broader philosophy focuses on balance. It aims to merge innovation with safety, scalability with decentralisation, and economic efficiency with sustainability. 

By doing so, Openverse positions itself as a foundational infrastructure for the next generation of global digital collaboration.

How Can Bitrue Alpha Help Find Projects Like BTG?

Traders seeking to identify strong early-stage infrastructure projects can use Bitrue Alpha to stay ahead of the market. 

Bitrue Alpha highlights high-quality emerging tokens before they gain mainstream visibility, providing tools to analyse their performance, liquidity, and ecosystem growth.

By studying early trends and activity on Bitrue Alpha, users can find projects like Openverse before they attract larger trading volumes. The platform’s data-driven approach helps investors understand which networks are showing genuine adoption rather than short-term speculation.

Bitrue Alpha focuses on new infrastructure tokens, including those that improve scalability, cross-chain communication, and decentralised computation. For traders who want to find the next project with real utility and growth potential, Alpha serves as an essential discovery tool.

Read also: Introduction to Bitrue Alpha - Completed Explanation

Conclusion

Openverse Network is reshaping blockchain infrastructure through its Layer0 design, fast transaction speed, and real-world application focus. Its BTG token sits at the centre of this system, supporting everything from gas payments to governance and asset creation.

With its advanced interoperability features and economic protocols, Openverse provides a foundation for a global network of value exchange. 

As demand for efficient and scalable systems continues to rise, projects like Openverse could play a key role in building the next generation of Web3.

For traders and analysts looking to find similar high-potential infrastructure tokens, Bitrue Alpha offers an effective way to track innovation early and identify emerging ecosystems before they reach widespread attention.

FAQ

What is Openverse Network?

Openverse Network is a Layer0 blockchain infrastructure that connects multiple blockchains, enabling high-speed communication and a global value internet.

What is BTG used for?

BTG, or Bitgold, powers the Openverse ecosystem as gas, collateral, a governance token, and a universal exchange medium.

How fast is the network?

Openverse achieves over 300,000 transactions per second with a block time of 0.38 seconds, providing near-instant confirmation.

What makes Openverse different?

It introduces unique protocols such as VTP, IBC, and VRC standards that connect financial and enterprise applications through interoperable blockchain technology.

How can traders find similar projects early?

Traders can use Bitrue Alpha to monitor early-stage infrastructure tokens and identify projects with strong fundamentals and high long-term potential.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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