Review on Bytom by LUIS RIVERO R
Bytom a crypto that must improve
Bytom is a platform that seeks the connection between real assets and blockchain services, allows lateral smart contracts as well as cross assets.
ο»Ώ
-It has a fairly moved team, in addition to keeping the repositories updated in addition to good
interaction with the community that supports them that is really great.
-News section where you can find relevant information.
- In addition to being faster and lighter than the current ethernet network.
-Like Neo is a Chinese cryptocurrency developed from scratch taking advantage of its network compared to its closest competitors.
ο»Ώ
In general, this project is destined for an extremely full market for similar ones. As etherium, NEo among others, which have greater progress. However, Bytom tries to create bridges between physical trades backed by smart contracts.
Among the negative aspects that left many criticisms of the project was the mining process and the recommended machines, the algorithm used for mining machines was hacked and it was more profitable to do mining with GPUs, and those who bought the ASIC machinery had great losses This was finally reflected in the price of the crypto.
Possibility of improvements: More investment in safety and mining must have a plan B. Efficiently justify the funds granted to them during public and private sales.
ο»Ώ
Pros
- Repositories updated and with progress constantly informed.
- Exchange of information and digital assets.
- Good positioning in the global cryptocurrency market within the first 100.
- Supports smart contracts.
- They have raised a lot of capital in the different sales made. Repositories updated and with progress constantly informed.
Cons
- There are many competitors in this regard.
- Some people and negative news related to mining.
- The mining algorithm was hacked causing investors to lose money.
- There are multiple data related to possible problems with your code.
- Centralized Mining
