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Relationship between BTS and BTC (Difference between BTO and BTS)

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In the blockchain field, BTS is one of the earliest currencies that people paid

Relationship between BTS and BTC (Difference between BTO and BTS)

In the blockchain field, BTS is one of the earliest currencies that people paid attention to.

On September 18, 2018, a group of members from the Bitcoin community discovered one of the technical teams behind BitcoinSV (BCH) – BitcoinSV.org (BTCSV). They believed that this was a new cryptocurrency that could upgrade or improve the Bitcoin protocol. However, this project seems to be not as easy to understand and decentralized as most people imagine. Therefore, they decided to name it “bitcoinSV” (BSV) because it would allow users to send, receive, store, and exchange Bitcoin Cash (BTC) and other digital assets using a method called “Lightning Network.” According to BitMEXResearch, these new tokens already have nearly 1 million in circulation. Nevertheless, compared to other cryptocurrencies, the market value of this project is still very low. In fact, the development of “BitcoinSV” has remained stagnant since 2017 until recently when it has faced significant regulatory obstacles.

Difference between BTO and BTS

Blockchain token is based on the Ethereum smart contract platform. Its token, BTS, is mainly used to provide power for the distributed economy, rather than being traded for currencies, stocks, bonds, or other financial products. It has high security and low volatility, similar to regular Bitcoin. BTO is a Proof-of-Stake (PoS) consensus protocol.

In the traditional Proof-of-Work (PoW), nodes running would receive certain rewards. However, when a large number of miners participate in a block, these rewards would be wasted or disappear. This is the typical 51% attack in the PoW mining model.

Currently, besides PoW, both projects have not launched their own cryptographic assets tokens. However, they have adopted the same technical solution – bSTO, a dedicated digital token developed by BitShares. Compared to bST, it can be used as collateral to issue tokens and as a reward, supporting the network validators through voting to ensure network security. In addition, these tokens can be used for various purposes, including payment system fees and storing value. (AMBCrypto)

The following are the differences we see between the two:

1. BTO belongs to the public chain field because it has different design principles and application scenarios, making it easier to become mainstream.

2. BTS belongs to the private blockchain, similar to the EOS mainnet.

3. BTS differs from the DPoS consensus technology used in the EOS mainnet.

According to a report released by the Bitshares team, in 2017, there were over 3 million account holders who used this software, allowing them to continue operating without affecting the stability of the blockchain. Although this service is only available to some users, in early 2018, as more and more exchanges began accepting applications for this service, their holdings increased significantly, leading to intense competition for the entire project. So, if there is already BTM (Blockchain Trade Platform) now, in the future, many companies may follow suit and possibly promote this concept to more places.

Note: BTOS is a blockchain-based network transmission protocol aimed at solving the problem of slow Bitcoin transaction speed.

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