Review on Bitcore by Benaiah A. Akinlade
BitCore: A lighter and a more efficient version of Bitcoin
Bitcoin has made so much waves and name for itself as the front runner in the crypto market such that any other coin is regarded as altcoin and always sees the bitcoin as a role model. Bitcore is no exception. Just like BCH and BTG is a fork of bitcoin that was launched on April 24 2017 by Bitsend developers. It is a community focused coin and has one of the lowest transaction charges in the crypto market
As I speak, Bitcore BTX has developed a new mining algorithm known as Mega-BTX which is designed to allow you efficiently mine with your GPU and CPU equipment. It was launched in 1st September 2020.
The speed of transaction of Bitcore is faster than that of Bitcoin and majority of others non-bitcoins (altcoins). This means that transactions are confirmed faster on the network.
BTX handles around 550 transactions per second. It has a block time of 2 minutes compared to 10 minutes of BTC
It adopts POW ASIC-resistant mining algorithm known as TimeTravel10 (TT10). This algorithm can be debugged easily by graphic cards.
This makes Bitcore more productive and cheaper coin in comparison to Bitcoin.
1 BTX is exchanged at USD 0.255241
BTX is available to hodl on different wallets like:
1. Odarhom Core
2. Coinomi
3. Magnum Wallet
4. Flashcoin wallet
5. Archos HW wallet
6. Hebe Wallet etc
It can also be traded in pairs on up to 18 crypto exchanges.
Pros
- BTX is a hybrid Bitcoin fork, so it has no history on the blockchain.
- The speed of transaction is very fast with InstantX
- There is a very low transaction costs of USD 0.003 for each transaction
- It currently has a narrow blockchain of 1,000 MB in comparison to more than 120,000 MB of other forks.
- It launched without ICO
- It trades in different pairs on many crypto currency exchanges
Cons
- It has a low trading volume
