What is BitCore? BitCore (BTX) is a cryptocurrency that emerged as a UTXO fork of Bitcoin. In this article, you can find answers to frequently asked questions such as what is BitCore, what it offers, what is BTX, what it does, how to get it. cryptocoin.com We have prepared it for our readers who are curious. Let’s examine this Bitcoin fork together.
What is BitCore?
BitCore is a Blockchain network that was launched on April 24, 2017. Basically this network is the world’s first Bitcoin UTXO fork. In other words, it is a hybrid network that uses the features of Bitcoin, the world’s largest Blockchain. In the blockchain space, investors mostly follow hard forks. The biggest hard forks of BTC are Bitcoin Cash and Bitcoin Gold. BitCore, on the other hand, maintains many of the core features of BTC with a hybrid network structure. But at the same time, it also solves some of the problems in its Blockchain structure in-house.
What does BitCore offer?
Basically, BitCore uses the source code and technology of the Bitcoin network. However, the team also aims to solve some of the problems that happen with Bitcoin in BitCore. Chief among these problems is Bitcoin’s long block times and low scalability. In addition, the centralization of token mining is also among the biggest problems for BTC. For these issues, the BitCore team has taken some steps. As a result of these steps, the network is now capable of processing 48 million transactions daily.
First, the team created BitCore with a smaller block size. The smaller network supported scalability. As a result, the network was able to achieve much higher scalability than BTC. High scalability allowed the network to run faster. However, the team changed the block validation times with the MEGA-BTX consensus mechanism. By doing this, they were able to shorten their block times as much as possible. In this way, they protected the network against ASIC mining, i.e. centralized mining.
What is BTX? What does it do?
BTX is the native cryptocurrency of the BitCore network. This cryptocurrency is an altcoin asset as it runs on its own Blockchain network. Just like Bitcoin, BTX coin is a payment solution. In other words, users can use this token as a payment method on various platforms and businesses. However, BTX has a number of differences to BTC. BTX without ICO works with much lower transaction fees and performs faster transactions compared to BTC. Proof-of-Work mining from BTX is much more fair. Each user can mine tokens through the processing power of their computer.
What is BitCore? How to buy BTX?
Users investing in the BitCore project must access the listing exchanges to buy BTX. These exchanges include XT.COM, PancakeSwap, and Crex24. Interested investors must become a member of one of these exchanges and deposit funds into their wallets. After doing this, they can purchase varying amounts of BTX coins depending on their wallet balance.
