Review on Bitcore by Praise Olagbadun
BTX, Bitcore's Token And Things It Holds In Stock For Us
Bitcore is a cryptocurrency platform that was introduced in the 24th of April 2017 based on Bitcoin (obviously shown by the relativity of their names). It is developed and supported by the community. Bitcore is known for its great transaction speed, which is greater than Bitcoin and other altcoins like the Litecoin and Dogecoin. It also has one of the lowest transaction fee on the cryptocurrency
Bitcore is known with having one of the fastest records, creating about 5,000,000 transactions in just a few days. BTX which happens to be Bitcore's token is approximately equal to 0.26 dollars to 2 decimal places. This Bitcore's Token, BTX is about to launch a new algorithm named Mega-BTX and is designed to make FPGA mining expensive and on the other hand Making mining inefficient on GPU and CPU. This algorithm was launched on the 1st of September 2020 and us currently running 100% perfectly
Because the community is the engine of this cryptocurrency platform, it is greatly affected by it. i.e it's price, limit and even users. And this can cause a setback to it. This Bitcoin fork promises a low transaction fee which is all trader's wish so as to make more
Pros
- Anyone and everyone is free to join the platform
- Can be saved in various wallets
- Promises low transaction fees
- Can be generated by mining
- Has the support of Bitcoin therefore has the tendency of getting popular soon
- Makes weekly Airdrops for it's users
- Very fast transaction speed
Cons
- Not very popular now
- It's token, BTX has a very low market value
- Because it is supported by the community, it requires support from the community before it can develop
