Review on Bytom by francis fernandez
Bytom - BTM: a triple layer chain for comprehensive e-commerce interaction
Bytom, known by the acronym BTM, was launched on the crypto market in 2018. It is a digital currency made up of a triple-layer protocol that allows interaction between blockchains to link digital assets with the real world.
The BTM token is used as a means of paying fees, to distribute dividends and to issue assets.
How do Bytom layers work?
The operation of the Bytom protocol is best analyzed by layers where decentralized blockchain applications work.
Data operations are executed in the first layer; in the second, the transfers of these operations are carried out, and in the third, the interoperability of multi-byte digital assets takes place.
How does Bytom technology work?
Bytom uses the POW consensus protocol to ensure the security and distribution of assets.
Bytom has a Vapor side chain designed with flexible technology to adapt to different functions. The combination of the side chain with the public chain as the base protocol for the commercial platform enables the interaction of the lower layer to create the protocol called Federation.
What are the advantages of the Bytom consensus protocol?
* The consensus algorithm encourages the use of Artificial Intelligence technology, through the use of its computing power.
* The flexibility of its consensus protocol gives its users the opportunity to customize smart contracts according to their requirements and have greater control of their assets.
* The efficiency of its POW protocol technology achieves optimal performance in terms of exchange and transfer of assets.
* Another of its advantages is the execution of separate signatures in commercial operations.
* Through its open source smart contracts, assets are more easily protected and the reconciliation of commercial operations is facilitated.
All these benefits of the Bytom platform, together with the security and functionality of its currency and its linkage of digital assets with the real world, place this cryptoactive in a privileged position of rise in the crypto market.
Pros
- It is a fully interactive platform that converges on the same network with other block chains to offer its users faster and multiple services.
- Provides the opportunity for developers and other users to design their own decentralized applications. It allows the optimal use of crypto assets inside and outside the blockchain.
- The BTM currency can be mined or acquired in exchange houses. Has his own wallet.
Cons
- It has a maximum emission limit of 1,622,393,888 BTM; which could make it inflationary due to the quantity.
