Review on Bitcore by Inioluwa Okedeji
Bitcore (BTX): A Digital Coin Of The Community And For The Community.
Founded on April 2017, Bitcore is very similar to Bitcoin. This is because it is a hybrid fork of BTC.
Bitcore (BTX) is mainly propelled by the community, so I'll like to call it a community coin.
To achieve decentralization, BTX aims to distribute its coin equally. through distribution techniques like Airdrops and so on.
BTX aims at providing the best on-chain services in the world of digital currencies.
BTX system supports masternodes,
Bitcore is currently ranked 727th on coinmarketcap.
It has a market cap of $5,203,147 USD
Bitcore has a maximum supply of 21,000,000 BTX.
It's total supply is about 18,40,153 BTX.
Bitcore uses proof-of-work as it's underlying concept, which makes it mineable through ASIC.
BTX has a large block size and because of this it provides higher transaction performances.
I see the BTX project as a promising one, because its doors are opened to the public thus, making the project constantly open to innovative ideas.
BTX unpopularity is a disadvantage, this can be seen in effect by its depreciating value, but I believe with its doors open to the public that should change soonest for it will be accessible to lot of innovative ideas and suggestions to move the project forward.
Pros
- Bitcore's transaction fees are very low
- It provides extremely swift and speedy transactions.
- BTX has high scalability.
- It is based on an open source code.
- It is mineable because it makes use of POW as its underlying concept
- The BTX project is accessible to the public
- BTX has a large block size
Cons
- BTX is still unpopular in the world of digital currencies
