Review on Bitcore by Paul Maduagwu
$BTX would have to match the newer projects in technology.
Bitcore is a fork of Bitcoin, but this time ensuring better scalability. It was launched in 2017, three years later the project is still alive and getting regular commits and updates on Github and it's overall code. It has its own blockchain and is mineable. Trading activity is pretty low, with highest activity on HitBTC Exchange according to Coinmarketcap.
Most recent transactions on its blockchain seem to be from mining activities which is one of the major usecases of Bitcore, besides making easy transactions. There isn't much else that can be done with Bitcore.
I added its blocktime of 2.5 minutes and 550 TPS as a Con because though it might be good enough for making simple payments and transactions, its still pretty slow compared to newer projects on the crypto market. The project recently had a halving event in July and it positively affected the price, which is normal for good projects. It was a nice experience. In my opinion the cryptocurrency world is evolving rapidly, $BTX would have to do a lot more to catch up with the rapidly improving technology.
Pros
- Mineable coin.
- Recently updated Github.
- Available wallet for major desktop Operating systems, and third party support mobile wallet support (e.g Coinomi).
- Low transaction fees.
- Good social media presence.
Cons
- Trading activity is on only a few Exchanges.
- Average blocktime of ~2.5 minutes.
- 550 TPS
