Review on Bitcore by Sergio Daniel Delgado
Technical characteristics of the Bitcore cryptocurrency
Bitcore is a "pure" payment system. Like Bitcoin, this project does not offer any additional "ideological" or functional offerings to the market. The coin is quite similar to BTC, however it does have some special features designed to advance and improve Bitcoin's operation. Bitcore's total block size is 20MB (along with SegWit), blocks are generated in 2.5 minutes, cryptocurrency has unique Diff64_15 complexity algorithm and provides mining and decentralized in graphics cards (GPU mining). The maximum supply of Bitcore, as well as Bitcoin, is 21 million BTX coins. Just like in the world's first virtual currency, miners' reward is halved within every certain period of time. The developers themselves claim that other advantages of the project is a fair distribution of coins. BTX is available to a wide range of miners and is inexpensive, however fair distribution means something even more. The platform has several different bonus programs that give users the opportunity to get Bitcore for free. Also, every Bitcoin holder, who has at least 0.01 BTC in their crypto wallet at the specified time, receive an equivalent number of Bitcore coins. Additional coins are awarded for long-term storage and a couple of other things.
Pros
- Ability to scale
- Secure Payments
Cons
- Claims of being a scam
- Not ECO friendly being POW
- No physical backing (asset, profits, commodity)
