so is it a bitcoin or an ether based system?
I need the answer!
You do not need an answer, you need a school textbook.
If this is a token and it is trading on Etherdelta then how can it be the fork of bitcoin?
This is the very basics, and your question is just a flood.
Don't be rude, plz. I just wanna info, because was confused by the name of thread - The New (ERC20) Bitcoin.