Review on Bitcore by francis fernandez
Bitcore-Decentralizing Bitcoin
Cryptocurrencies on the market continually seek improvements in their applications and performance functions.
So much so that we see more and more digital currency forks looking to outperform their native currency. Such is the case with Bitcoin.
Bitcore (BTX) is a digital currency dating from April 2017, as a result of an alteration in the Bitcoin computing protocol.
The creation of this cryptocurrency is intended to contribute to the total decentralization of the Bitcoin platform, to improve scalability problems in the blockchain and reduce the cost of financial operations.
How is Bitcoin decentralization achieved with Bitcore?
Bitcore users individually execute each of the complete Bitcore nodes and each of these repeats the same procedure to decide the validity of each chain of blocks.
In this way, Bitcore users, in addition to contributing to the decentralization of Bitcoin, obtain greater protection of their coins, greater privacy in their operations and faster interactions with other users.
Among the main features of Bitcore we can mention:
• Has an integrated API and graph-based wallet.
• It is simultaneously compatible with other homologous wallets, lightweight type maintaining your security and privacy.
• Allows operations with a high level of security by using QR codes to receive payments.
• The platform allows you to view the sender of the funds.
PRO:
You can connect with other wallets that function similar to your native wallet.
It offers the QR security system to make withdrawals safely.
The platform allows the user to keep informed about their balance and transactions continuously.
Pros
- You can connect with other wallets that function similar to your native wallet.
- It offers the QR security system to make withdrawals safely.
- The platform allows the user to keep informed about their balance and transactions continuously.
Cons
- Bitcore users only receive transactions from that blockchain; this represents a limitation when wanting to trade with other blockchains on the network.
- It does not protect the privacy of the issuer of the funds. This could threaten the privacy of the user and the transaction.
