BitCore is a cryptocurrency that is a UTXO fork of Bitcoin. Although you hear about hard forks, many people only know about hard Bitcoin forks, such as Bitcoin Cash and Bitcoin Gold; in contrast, few people know about BitCore or hybrid forks. Using Bitcoin's source code and technology, BitCore created a new blockchain; it made sure that the blockchain size was smaller and scalability was better. In addition, block timings are faster than Bitcoin, making mining ASIC-resistant as well.
BitCore created a new blockchain on April 24, 2017. It took a snapshot of Bitcoin transaction and created 5 million transactions to fill all public addresses belonging to people who own 0.01 BTC or more. The funding ratio is 0.5 BTX: 1.0 BTC, but if you held bitcoins at the time of the snapshot, then you can apply for your share of BTX at a 1:1 conversion until October 30.
BitCore is the first cryptocurrency that is a UTXO fork. But it is more than just a hybrid fork. It has tried to improve Bitcoin and solve the problems that plague it. For example, BitCore uses the MEGA-BTX consensus algorithm that is ASIC-resistant. This means that centralization of mining power is not possible, as the playing field is level and everyone has more or less the same opportunities. In addition, BitCore has 10 MB Segwit-enabled blocks that make the network capable of handling 17.6 billion transactions per year or 48 million transactions per day.
BitCore is a cryptocurrency that promises a lot, especially with the new implementations that have made it algorithm and Masternodes platform, giving the entire crypto community the opportunity to mine BTX with PoW or Masternodes, even BTX holders can mine it with both PoW and Masternodes.
Where is BitCore available for purchase?
You can exchange BTX tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading BitCore is Freiexchange, notably the BTX/BTC pair, which saw a trading volume of $ 447.93 in the past day. Additionally, Komodo Wallet is popular alternative for trading tokens.
What is the highest value BitCore (BTX) has ever reached?
BitCore (BTX) reached its peak price at 38.84 $ on 16 November 2017, approximately 8 years ago ago. Presently, the current price is -99.82% lower than this all-time high.
What is the historical minimum price for BitCore (BTX)?
The minimum price reached for BitCore (BTX) was 0.00307 $, documented on 14 June 2017, more than 8 years ago. In comparison, the current price is 2,110.32%, it above this historical low.
What is the fully diluted valuation of BitCore (BTX)?
The fully diluted valuation (FDV) of BitCore (BTX) stands at $ 1,43 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 21,000,000 BTX tokens. The realization of this FDV might take several years depending on the emission schedule of BTX tokens.