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Review on Bitcore by Fabrizio Zampieri

Revainrating 4 out of 5

Bitcore is a cryptocurrency created in April 2017 by the developers of BitSend…

Bitcore is a cryptocurrency created in April 2017 by the developers of BitSend. Basically, it's a cryptocurrency that has many similar features of the Bitcoin assets but works on its own.
Bitcore Coin is another payment method 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.
BitcoreCoin works just like Bitcoin. The main 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 at least. The maximum block size is 10 MB, while Bitcoin's is 1 MB and the current price is much lower (4.17 usd, currently). This makes Bitcore Coin more efficient and cheaper than Bitcoin.
Bitcore Coin (BTX) uses a proof-of-work (PoW) ASIC-resistant mining algorithm called TimeTravel10, which makes it easy to mine with graphics cards.
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.




Pros
  • Principal technical features: - 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. Holders of at least 1 BTX qualify for weekly airdrops (with weekly airdrops for existing BTX wallet owners, more users will be promoted to achieve purchase, adoption and increased commercialization). In my opinion, the airdrops combined with the low price could be good reasons to invest in Bitcore.
Cons
  • The Bitcore developers have planned several stages of development for 2018 so, there is still a lot of work to do.

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