All That the Investor Should Know About the Bytom Coin

Bytom coin

The cryptocurrency market has a huge number of different projects and the developers of each of them claim that it is their offspring that will change the world. Although, as practice shows, the vast majority of all ICO conducted are not able to realize their ideas. Among all this variety of tokens, investors need to find really interesting and promising projects.

In this article we will talk in detail about the relatively young coin – Bytom. We will discuss its main features, extraction and possible prospects for the future.

Contents:
(please, click the topic to scroll down to it)

  1. History of the coin
  2. Features of Bytom cryptocurrency
  3. Mining of Bytom coins
  4. Wallet
  5. Bytom in figures
  6. Where can BTM be bought?
  7. Estimates for the nearest future
  8. Conclusion

1. History of the coin

Bytom cryptocurrency was launched in 2017. This project has Chinese roots. The developers wanted to create a product that would provide the opportunity to work with all kinds of existing assets. In simple terms, the project team has a rather ambitious goal, namely, the transfer of the entire economy to the digital environment.

2. Features of Bytom cryptocurrency

As it was mentioned above, BTM was created with the purpose of introducing operations with various types of assets. But it is worth noting that this is not the only scenario for using this coin. In addition, Bytom can be used as:

  • assurance of assets that are located on the same platform;
  • rewards for certain activity of the user.

One of the key advantages of this cryptocurrency is the availability of its use in working with bonds, other tokens, as well as real estate.

3. Mining of Bytom coins

This cryptocurrency was originally developed for industrial mining on asics. Bytom algorithm is confirmation of PoW. For this reason, BTM’s mining by means of a PC is absolutely not cost-effective. Due to the fact that there are relatively few participants of the network, you can start mining with video cards, but using ASIC is the best.

4. Wallet

BTM tokens can be stored in the native Bytom wallet. Address changes occur through the use of three main protocols:

  • BIP32;
  • BIP441;
  • BIP43.

This technology allows you to simultaneously store several tokens in the same wallet. Network participants also have the physical ability to manage their own cryptocurrency assets within the digital wallet interface.

5. Bytom in figures

Capitalization of Bytom as of July 28, 2018 is 352 million dollars. This indicator allows the coin to occupy the 39th place in the global ranking of Coinmarketcap. The rate of BTM/USD is about 35 cents. Till this moment more than a billion tokens have already been mined, the total issue is limited to 1 407 000 000 units.

6. Where can BTM be bought?

If you wish to buy Bytom, then we hasten to please you, this is an absolutely simple task, since the coin is listed on many large cryptocurrency exchanges:

  • CoinEx;
  • Cryptopia;
  • HitBTC;
  • OKEx;
  • Bibox;
  • etc.

7. Estimates for the nearest future

If we talk about the future prospects of this coin, it is worth noting that they certainly exist. The project can be widely disseminated among members of the cryptocurrency community, and also take its place in the global digital economy. But for this, the developers still have to do a considerable amount of work, attract new investors and enlist the support of the states. We’ll have to see, but for now if you want to invest in Bytom coin, then we do not recommend allocating more than 3% to it in your cryptocurrency portfolio.

8. Conclusion

The designers of Bytom coin have set the goal of creating a universal product, through which it will be possible to work with all kinds of real assets. The project is still too young, but during this time it managed to enter the TOP-40 by capitalization. The coin has all the fundamental reasons for growth in the long term; mostly it depends on the developers.

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