Introduction on the Bitcore Coin
Bitcore Coin is a crpytocurrency. Are you looking for the best investment? There are so many different cryptocurrencies that it’s easy to become overwhelmed by the number of options. Bitcoin may offer a great return on investment in the future, but there are many more cryptocurrencies on the market.
If you want to know what other options are available to you, then look no further. In this article, we’ll be reviewing the Bitcore Coin cryptocurrency and its many benefits for potential investors.
What is Bitcore Coin (BTX)?
Bitcore Coin is a cryptocurrency that was created in April 2017 by the developers of BitSend. Basically, it’s a cryptocurrency that copies many of the Bitcoin assets but works on its own. It’s smaller and even faster (if the company’s promises are true).
Bitcore Coin is another cryptocurrency that allows you to exchange, invest or buy goods online. There’s nothing new in the way Bitcore Coin works, but the company that created that cryptocurrency offers promotions for people who use it.
How Does BitcoreCoin Work?
BitcoreCoin works just like Bitcoin. You get the wallet, buy the currency and you can use it online. The only difference is that the features of Bitcoin’s blockchain technology differ. For example, the block time of this currency is two and a half minutes whereas Bitcoin’s block time is ten minutes. The maximum block size is 10 MB, while Bitcoin’s is 1 MB and the current price is much lower. This makes Bitcore Coin more efficient and cheaper than Bitcoin, which may help the company to grow in the future.
The project is a hard fork of Bitcoin and the creation of a new cryptocurrency was implemented in April 2017. However, the developers did not copy the entire blockchain of the original, as is usual with hard forks. Instead, they’ve created their own Bitcoin-based blockchain from scratch.
Taking into account the technical solutions of Bitcore Coin , the following technical features are notable:
Its own algorithm, Timethravel10, designed for mining with graphics cards and without the use of ASICs.
- The maximum number of coins remained at the level of 21 million.
- The blocking time was reduced to 2.5 minutes.
- The block size increased to 20 Mb with SegWit technology, which ensured better network capacity.
- The hard disk size of the Bitcore blockchain is up to 1 GB due to its update.
In addition, there is the successful integration of technologies such as SegWit, Bloom and Diff64_15. An innovative solution to this digital currency is the principle of virtual branching, which involves an empty blockchain during execution of a hard fork.
Algorithm and Mining
Bitcore Coin (BTX) uses a proof-of-work (PoW) ASIC-resistant mining algorithm called TimeTravel10, which makes it easy to mine with graphics cards. Currently, the best-supported cards are those of Nvidia, which are more profitable than Ethereum or Zcash mining.
Bitcore Coin also has a unique difficulty algorithm called Bitcore 64_15. This algorithm ensures that the difficulty level within 64 blocks is not changed by more than 15 percent. This innovative method of difficulty adjustment prevents the block difficulty from jumping when a higher hash rate suddenly enters or leaves the network.
Bitcore Coin BTX has an average of 48 million transactions per day and works a few times faster than Bitcoin; an estimated 555 transactions per second per block. Currently, this is a super fast transaction speed when compared with others. The transmission speed for BTX can be executed and updated as needed when the transactions in this cryptocurrency increase.
With weekly airdrops for existing BTX wallet owners, more users will be promoted to achieve purchase, adoption and increased commercialization. This should also increase the Bitcore Coin BTX market capitalization and ranking. In early February 2018, it was not even in the top 100 cryptocurrencies on Coinmarketcap.com.
How to Invest in Bitcore Coin
It is extremely easy to invest in this company. You just have to buy the Bitcore tokens (BTX). To get the tokens, you must first find a compatible cryptocurrency wallet. BTX tokens are far less expensive than Bitcoin, but promise high value in the future, making Bitcore an interesting investment.
Holders of at least 1 BTX qualify for weekly airdrops. The discard quantities will be a percentage of the number of coins the owners already have. This strategy aims to get more users to keep this kind of cryptocurrency. To use this feature, you need to register on the website.
The Bitcore (BTX) Conclusion
Is Bitcore a good investment? The airdrops combined with the low price could be good reasons to invest in Bitcore right now and perhaps prepare for a possible future Bitcore boom.
Will Bitcore be the new Bitcoin? Unfortunately, this is very unlikely, but there is enough evidence to suggest that it could turn into a good investment over time. If you are interested in this cryptocurrency, there is no reason not to invest in it.
The Bitcore developers have planned several stages of development for 2018, but the main thing is the provision of their platform with additional features and a further improvement of the coin.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.