Bitcore Cryptocurrency Review : Special Features, Rate, Predictions

bitcore cryptocurrency

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

  1. What is Bitcore?
  2. Technical features of Bitcore cryptocurrency
  3. Bitcore (BTX) exchange rate
  4. Where to buy Bitcore coins
  5. Prospects of Bitcore project development

1. What is Bitcore?

Bitcore project appeared in 2017 and aimed at solving some problems of Bitcoin, that each Bitcoin user could already feel by that time. Bitcore was not a “classic” Bitcoin fork, like, for example, Bitcoin Cash or Bitcoin Gold. What happens when fork is made is the following: there is a certain block in a particular cryptocurrency blockchain, and when it is generated, the division takes place, and a new cryptocurrency appears. So, Bitcoin Cash had the very same blockchain as Bitcoin before the fork and became separate after it. It was a bit different in Bitcore, and that is what makes the cryptocurrency interesting. When Bitcore was launched, a completely new blockchain with empty blocks was created, and then the necessary cordings were made, so as to allow Bitcoin holders to receive new Bitcore coins on their cryptocurrency wallets in the specified amount equivalent to their BTC savings.

2. Technical features of Bitcore cryptocurrency

Bitcore is a “pure” payment system. Like Bitcoin, this project does not make any additional “ideological” or functional offer to the market. The coin is actually rather similar to BTC, however, it has some special features designed to advance and improve Bitcoin operation. Bitcore’s total block size is 20MB (together with SegWit), blocks are generated in 2.5 minutes, the cryptocurrency has a unique Diff64_15 complexity algorithm and provides available and decentralized mining on graphic cards (GPU-mining). The maximum supply of Bitcore, as well as Bitcoin, is 21 million BTX coins. Like in the world’s first virtual currency, the reward of miners is reduced by half within each certain period of time.

The developers themselves state that another advantages of the project is a fair coin distribution. BTX is available for a wide range of miners and is not expensive, however, a fair distribution means something even more. The platform has a number of different bonus programs providing users with the opportunity to get Bitcore for free. In addition, each Bitcoin holder, who has at least 0.01 BTC on his/her cryptocurrency wallet by the specified time, receives an equivalent number of Bitcore coins. Extra coins are awarded for long-term storing and for a couple of other things.

3. Bitcore (BTX) exchange rate

Cryptocurrency entered the market with the price of about $6 per coin, but it quickly fell, and until the autumn of 2017 the rate did not manage to rise above $1.5-$2.5. In autumn Bitcore coins started growing steadily and reached almost $40 in November. However, by the middle of December the cryptocurrency lost more than half of its value. In 2018 the coin cost around $25-30, until in late February it began to decrease up to the current $2.19. Bitcore used to be in the top-40 virtual coins by market capitalization, however it is even outside the top-200 today.

4. Where to buy Bitcore coins

The leader by Bitcore trading volume is an Asian cryptocurrency exchange called Bit-Z, where Bitcore is exchanged for Bitcoin and Ethereum. In addition, a popular New Zealand-based exchange Cryptopia has Bitcore trading pairs with Bitcoin, USDT, Litecoin and even Dogecoin. The coin is also listed on HitBTC, QBTC, and Exrates, where it has a pair with the US dollar.

5. Prospects of Bitcore project development

Apparently, even the developers themselves are not quite sure about the future of the project – roadmap ends with the last quarter of 2018, and there is no information about what is going to be done after that. Bitcore is actually only a technical Bitcoin alternative, so it depends on updates and technical improvements of the first cryptocurrency and if it manages to cope with its problems, then users will probably have no interest in BTX. For example, Bitcoin’s scalability problem was partially eliminated by the implementation of SegWit – the protocol that had been already launched in Bitcore and was considered as an advantage comparing to Bitcoin. Yes, Bitcore remains faster and more available for mining, however, it is obvious that it is absolutely not that liquid and has much less users.

In 2017 Bitcore already demonstrated growth and, in general, can regain lost ground. At the same time, there are a number of competitors who not only offer solutions to improve Bitcoin, but also have a certain unique idea behind them. Today it is still difficult to say whether the project will be successful at least in the medium term, but, perhaps we will hear about Bitcore once again in the future, so this cryptocurrency may be worth checking from time to time.

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Binance Will Add Stablecoin USDC To Its Listing

Recently, one of the major crypto exchanges, Binance, has published a notice which says, Binance will open two new pairs for trading on November 17. Interestingly, those two pairs include a new-comer – USDC – stablecoin backed by Circle.

The trading pairs are USDC/BNB and USDC/BTC; the trading starts at 2018/11/17 03:00 AM (UTC). However, users are already able to deposit stablecoin in advance.

Moreover, Binance wrote there would be a “top-ranking auditing firm” to preserve the transparency of the stablecoin. Every month, the firm is bound to provide data of “the corresponding USDC and USD balances held/issued.

We want to remind you, such crypto exchanges as OKEx, Huobi, BitPay, Coinbase have already listed USDC stablecoin on their listings.

Dollar-Pegged Stablecoins Exceeded the Price Point of $1

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Cryptocurrency Prices Today, November 15: Cryptocurrencies Collapsed in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 10.76% over the past 24 hours. The price at the time of writing is $5643 per coin.

Almost all cryptocurrencies absolutely crashed in price:

Bitcoin Cash lost 13.28% over the past 24 hours and costs $447 per coin;

Ripple dropped by 8.94% and is $0.46 in price;

EOS fell by  11.7%, and its price is $4.66;

Litecoin lost 13.45%, and its cost is $42;

Cardano decreased by 14.13%, and its value is $0.061;

Stellar lost 8.24% and is worth $0.23;

IOTA became cheaper by 16.64%, and its cost is $0.48;

Dash dropped by 12.34%, and its price is $142;

Monero decreased by 13.95% and costs $90.

Over the past day, Ethereum lost 12.76%. The cost of the coin is $179.

The total market capitalization dropped significantly to $185 billion. Bitcoin accounts for 53% of the total. In monetary terms, the amount dropped to $98 billion.

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Bank of America Has Officially Patented A System for Saving Crypto Actives for Significant Corporations

One of the major USA banks has been approved the patent for a system of saving crypto assets. The application for the patent describes a method for safekeeping cryptocurrency assets of users of the system. It also stated that the bank will cooperate only with major corporations.

The popularity of using cryptocurrency has turned into a trend that many companies are aiming at. The biggest part of major corporations serves their clients with the help of cryptocurrency. Because of this, there is a need to convert the cryptocurrency into any currency deposit, which has to be placed in a storage.

It is possible to improve the security and safety of deposit funds with the help of single corporate accounts that maintain the cryptocurrency storage.

At the same time, the clients will receive credit funds, the amount of which is equal to the crypto deposit. This concept was introduced by Bank of America.

The patent spelled out a storage system specially designed for the banking system, which processes and stores the secret key. The system is demanding to high throughput of a channel and the amount of calculation capacities.

When required to complete a transaction, the system will provide customers with access to Member’s personal account.

It should be reminded, that previously Bank of America approved the patent for close system private keys, that supports remote management.  

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Crypto Master Minds That Made It Into Forbes’s 30 Under 30

One of the most famous editions in the world, Forbes, came out with its annual rating of the most influential people under the age of 30 in different spheres of activity, including healthcare, music, art, retails and many others. This time the section of “finance” was replenished with a couple of blockchain and crypto personalities, namely:

1. JB Rubinovitz (26) is a crypto entrepreneur whose goal is to incorporate crypto mining as a way to provide bails for arrested people.

2. Olaoluwa Osuntokun (25) is one of the founders and a Chief Technical Officer of the company Lightning Labs. He raised $2.5 million to develop Bitcoin as a fully usable means of payment.

3. Hunter Horsley (28) is a CEO of the company Bitwise Asset Management. His firm specializes in creating crypto indexes.

4. Nader Al-Naji (26) and his company Intangible Labs are currently working on a concept of a cryptocurrency that could easily replace the usual banks.

We remind you:

Forbes Launches Its Own Version of the CoinMarketCap

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Cryptocurrency Prices Today, November 14: Cryptocurrencies Continue to Decline in Price

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.16% over the past 24 hours. The price at the time of writing is $6356 per coin.

Almost all cryptocurrencies are in the red zone:

Bitcoin Cash lost 0.66% over the past 24 hours and costs $502 per coin;

Ripple fell by 2.29% and is $0.51 in price;

EOS minus 2.40%, and its rate is $5.30;

Litecoin decreased by 0.95%, and its price is $49;

Cardano dropped by 3.02%, and its cost is $0.072;

Stellar lost 4.23% and costs $0.25;

IOTA added 0.37%, and its value is $0.48;

Dash plus 0.15%, and its price is $164;

Monero lost 0.99% and costs $106.

Ethereum lost 1.03% over the past day. The cost of the coin is $206.

The total market capitalization is $209 billion. Bitcoin accounts for 52.8% of the total. In monetary terms, this is $110 billion.

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The Real Estate Market Switches to Blockchain

The power of countries depends on the economy, which real estate market is a significant segment of. More than 50% of global finance belongs to it. An impressive share, isn’t it? This market segment is most adapted to reforms and crises.

However, this does not mean that it cannot be slightly improved by innovations, such as the blockchain. Technological upgrade will allow the real estate market, as well as the economy in particular, to move to a new stage of development.

While the real estate market is “collecting its belongings” and is preparing for a full-fledged move to the blockchain, a Japanese company has launched the sale of real estate for cryptocurrency. A couple of Bitcoins can buy you a paradise on an island somewhere in the Caribbean. The world of real estate is gradually becoming digital.

Definitely, the “relocation” of the housing market onto the blockchain will have a positive impact on its development. This promising combo will improve and facilitate the purchase of real estate as follows. It will allow to:

  • exclude intermediaries who charge a commission in the course of transactions;
  • reduce the time for the preparation of transactions and references;
  • reduce the risk of fraud;
  • simplify the process of checking property before selling:
  • customers can buy property at any time of the day;
  • opportunity to track the entire history of the transaction.

All this makes the purchase of real estate easier and safer, but not publicly available. The latter and the above mentioned benefits can be offered by Elements Estates.

The project provides an opportunity to buy housing not only to reserved players. Owing to blockchain technology the national boundaries are disappearing as assets can freely move from one country to another.

It is time to improve the global economy by reinforcing the real estate market with blockchain and cryptocurrency.

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