Review on Bitcore by Pedro O. Alvino M.
Lightning Network Compatible Hybrid Branch
Bitcore, a project originating from a fork of the bitcoin network, is aptly called a hybrid fork that did not organize an ICO to raise funds for the project, a measure taken by the project community to avoid speculation of the currency and increase in the volatility itself.
By separating from the bitcoin network, it took certain characteristics of the bitcoin chain, redesigning it to offer a better advantage in the transfer of assets and lower transaction costs, all this based on compatibility with the Bitcoin transaction processing network, lighting Network , which thanks to its compatibility can grant the execution of micropayments with greater efficiency than bitcoin.
The time of creation of blocks in bitcoin has been one of the factors in which several forks have occurred, bitcore with a much larger block size than that of bitcoin provides greater coverage of transactions and according to the mining protocol, avoids the centralization in Bitcore's mining network, however, it must be taken into account that the size of the blocks can be detrimental if said transactions do not cover the size of the block, causing delays in the payment processing network, which occurred in the case of Bitcoin Cash, something that is happening in the Bitcore network, which in this case is still far from presenting a better structural payment scheme than the bitcoin network.
Pros
- It implements all the Bitcoin Improvement Proposals (BIP's) of the Bitcoin protocol.
- It establishes a barrier for the inclusion of pools and mining farms in Bitcore's mining network.
- Integrated under a proof-of-work protocol and with difficulty reconditioning with the Difficulty Reorientation algorithm with Core Shield 64_15.
- It offers higher transaction performance than bitcoin thanks to the large size of the blocks.
- Capable of processing micropayments, with compatibility to the bitcoin transfer network (lighting Network).
Cons
- It is one of the least popular Bitcoin forks.
- It has very low commercial mobility in its currency.
