Bitcore update: BTX Live price, price chart, news and markets

The BTX price update as of now is $0.06300. In the previous 24 hours, its trading volume was $139,696, and its value has increased by 0.16%. As of now, BTX's live market cap is $1,041,436, and it is ranked as the #1598 on the Coincu. BTX has a circulating supply of 17,290,959 and a maximum supply of 17,290,959.

Get to know Bitcore: The Ultimate Combination of PoW, Masternodes, and DeFi

Bitcore is a unique cryptocurrency that introduces a range of innovative features. In this article, we will delve into what Bitcore is, its key attributes, and why it is worth considering.

An Introduction to Bitcore

Bitcore is a UTXO fork of Bitcoin, built upon Bitcoin's source code and technology. Unlike Bitcoin Cash and Bitcoin Gold, Bitcore stands out as a hybrid fork, combining the best elements of Bitcoin with its own advancements.

One of Bitcore's main advantages lies in its smaller blockchain size and enhanced scalability compared to Bitcoin. Additionally, Bitcore has faster block timings, making it resistant to ASIC mining.

The Creation of Bitcore

Bitcore came into existence on April 24, 2017, through a snapshot of Bitcoin transactions. During this process, 5 million transactions were generated to fill the public addresses of individuals who held 0.01 BTC or more. The conversion ratio for Bitcore to Bitcoin is 0.5 BTX to 1.0 BTC, and Bitcoin holders at the time of the snapshot can claim their share of Bitcore at a 1:1 conversion until October 30th.

The Unique Characteristics of Bitcore

Bitcore stands apart from other cryptocurrencies due to its innovative features. One of its standout attributes is the MEGA-BTX consensus algorithm, which is ASIC-resistant. This algorithm ensures fair mining opportunities and prevents the centralization of mining power. Furthermore, Bitcore boasts 10 MB Segwit-enabled blocks, enabling the handling of an astonishing 17.6 billion transactions per year or 48 million transactions per day.

Moreover, Bitcore provides a distinctive opportunity for the crypto community to mine BTX through both Proof of Work (PoW) and Masternodes. This dual mining capability offers flexibility and prospects for all BTX holders.

In conclusion, Bitcore is a cryptocurrency that incorporates the best elements of Bitcoin while introducing its own improvements. With its smaller blockchain size, improved scalability, and innovative features like the MEGA-BTX consensus algorithm and dual mining capability, Bitcore presents a promising future for the crypto community.