What is Bytom (Why is Bytom not rising)
What is Bytom? Bytom is a new cryptocurrency that emerged after the hard fork o
What is Bytom? Bytom is a new cryptocurrency that emerged after the hard fork of Bitcoin Cash. The consensus algorithm of Bitcoin was created by “Satoshi Nakamoto” and achieves decentralization without any technical limitations. However, due to the characteristics of blockchain technology, it can be understood as a network independent of the computer programmer’s codebase.
Over time, miners’ demand for block rewards also increases, making the mined BTC more scarce. This eliminates the need for miners to pay fees to others to maintain the network and earn profits.
Why is Bytom not rising
Why is Bytom, one of the world’s leading underlying platforms for blockchain, not rising? It is the first public chain that adopts the POS consensus mechanism and POW mining mode, with PoS as the main incentive.
On May 28, 2018, Bytom announced a strategic partnership with Bitmain, to develop a new high-performance, scalable, and secure Bitcoin Lightning Network node based on Bitmain’s computing power network. According to the Bytom team, the upgrades in 2019 will bring larger-scale application landing and more efficient operation and maintenance system construction. However, the current market performance of Bytom did not meet expectations.
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