Bitcore (BTX)

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Bitcore (BTX).png
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Official site (website): https://bitcore.cc Official Twitter account: https://twitter.com/Bitcore_BTX Official Telegram channel (group): https://t.me/bitcore_btx_official YouTube video (channel): https://www.youtube.com/channel/UCQ8pXce5-yN4LCtA6RzcZvQ Official Facebook account (fb): https://www.facebook.com/Bitcore.Coin/ News: https://bitcore.cc/news-2/ Github: https://github.com/LIMXTEC/BitCore Discussion forum: https://bitcointalk.org/index.php?topic=1883902.0 Explorer: https://chainz.cryptoid.info/btx/ Explorer: http://insight.bitcore.cc Support email address: mailto:info@bitcore.cc CoinMarketCap (coin market cap): https://coinmarketcap.com/currencies/bitcore/ Alexa website traffic ranking: https://www.alexa.com/siteinfo/bitcore.cc

Truth and facts[edit]

  • Every registered bitcore holder with a wallet loaded with a minimum of 1 BTX gets a weekly 6% airdrop, increasing with 1% every month.
  • Airdrop: BTX claiming with BTC Snapshot 463619 (minted : 04/26/2017) down to 0.01 BTC. 1 BTC = 1 BTX.
  • BTX claiming with BTC Snapshot 492820 (minted : 11/02/2017) down to 0.01

Official

  • Slogan: The future is now.
  • State-of-the-art cryptocurrency – everything it needs to become the #1 payment coin.
  • Launched in 24 April 2017

Token

  • The official ticker symbol for Bitcore token: BTX
  • Token type: ERC20
  • Total token supply: 16,814,666 BTX
  • Circulating supply: 11,556,610 BTX
  • Max supply: 21,000,000 BTX

Video Playlist[edit]

Bitcore BTX: The Future Is Now - PROMO 2018

BITCORE (BTX) viral video - choose smart and U will be the winner

Exchanges[edit]

List of exchanges, trading platforms and marketplaces to trade, buy and sell Bitcore (BTX).

Wallets[edit]

List of supported wallets for Bitcore (BTX).

Coin specifications[edit]

  • Core 0.15.0.1
  • Blocksize 10MB (20MB SegWit)
  • 2.5 min blocktime
  • Blockchain size less than 300MB
  • Mining algo: Timetravel 10 (GPU)
  • SegWit and Bloom online
  • Smooth Diff64_15 difficulty algorithm (retarget)
  • Fair distribution: airdrops, claiming via snapshot (for BTC holders)

What is Bitcore[edit]

History[edit]

  • In May 2017, bitcoin transactions took up to four days to complete.[2] In order to speed transactions, users could pay a transaction fee, which at the end of 2017 averaged about $28. The delay and especially the fees made bitcoin impractical for everyday use to make small purchases.[3]
  • To try to address scalability issues, BitCore was launched with 10 MB blocks with Segwit enabled which allows the network to handle around 48 million transactions per day that nearly matches Paypal in transactions per second.[4][5]
  • After the creation of the BitCore blockchain, all Bitcoin holders at the time of the first snapshot could have claimed BitCores at a 1:1 ratio for about 6 months. On 2 November, 2017 this ratio dropped to 1:0.5 as the developer team started to distribute the unclaimed coins of the first snapshot via airdrops to BitCore initial investors whom held at least 1 BTX in their desktop wallet software. Last airdrop was made on 1 May 2018 as the allocated coins ran out.
  • Since launch, the followings have been implemented into BitCore:
    • SegWit and Bloom filter have been integrated into the running protocols
    • BitCore Insight API for integration with other software and merchant adoption.[6]
    • successful cross-chain atomic swap from Komodo to BitCore blockchain on 8 May 2018[7][8]
  • The following ongoing developments have been announced on bitcointalk forum:
    • whitepaper
    • payment gateway capable of receiving and sending transactions simultaneously
    • ATM support
    • hardware wallet support

Features[edit]

  • BitCore is an open source cryptocurrency with a double-spend protection provided by a proof-of-work consensus mechanism that is based on 40320 different combinations of hashing algorithms. Developers aim to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets).[9]

A central part of the bitcoin process, mining, is being controlled by a few manufacturers who sell their products to a select group of industrialized miners, centralizing the mining task and breaking with one of the core values of bitcoin - decentralization[10]. ASIC resistant GPU powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer.

  • BitCore also has a difficulty adjustment algorithm called Diff64_15. This algorithm ensures that there is no more than a 15 percent change in difficulty within a 64 block period that is to keep mining difficulty (hashpower) fluctuations within a 15% range for every 3 hours.[5]
  • Total coin supply, the halving schedule and the actual block reward are similar to Bitcoin. BitCore hasn't implemented private transactions thus it has a fully transparent transaction history and also utilizes a single-tier network of miners, without a network of masternodes.

Wealth distribution[edit]

  • As of 9 May 2018, almost 50% of BitCores are stored in the top 1000 addresses on the blockchain.[11]
Top N addresses Holdings Percentage
Top 10 1,234,457 BTX 7.28 %
Top 100 3,802,130 BTX 22.42 %
Top 1000 8,251,583 BTX 48.66 %
All 5187136 16,957,969 BTX 100 %

Market acceptance[edit]

  • By 12 May 2018, BitCore currently in top 200 among cryptocurrencies in terms of market capitalization.
  • BitCore has been adopted by a small number of digital currency exchanges.[12]

Roadmap[edit]

  • List of development timeline, roadmap, events and milestones on Bitcore (BTX).
Official list of development roadmap
Date Events and Milestones
24 Apr 2017 Bitcore BTX blockchain went live
2 Nov 2017 Bitcoin snapshot taken
Q1 2018 New website, Insight API, Adding more exchanges
Q1/Q2 2018 First hardware wallet, Active marketing, Press releases, Publications
Q2 2018 Ability to directly purchase and sell BTX on Bitcore.cc, Expansion of merchant network, ATM integration, Further marketing, English YouTube channel
Q3 2018 Additional hardware wallet support, More exchanges
Q3/Q4 2018 More services that support BTX, Websites, Online gaming, etc.
Q4 2018 Further promotion, TV commercials, Press releases, Raffle a car, More meetings

Team members[edit]

  • Bitcore (BTX) is an open-source cryptocurrency. A team has formed around core developer Chris, together they're pursuing their vision of a high-tech, yet low-fee payment coin with a wide spread merchant and online-service acceptance.
  • List of team members in Bitcore (BTX).
Official list of team members
Name Position Details
Chris Core Developer Chris is Bitcore’s main developer. He has worked on a several other coins like BitSend, Bitcloud and more. Founder from Limxtec. https://github.com/LIMXTEC
Jon Multi Talent
Steve Brand Ambassador & Social Media
David Graphic Designer
Ivo Web Development & Project Consultant
Joshafest and Kaali Qt – Developer

Advisors[edit]

  • List of advisors for Bitcore (BTX).

Partners[edit]

List of partners, supporters and investors for Bitcore (BTX).

Mining pools[edit]

White papers[edit]

Bounty programs[edit]

Frequently asked questions[edit]

Reviews[edit]

External links[edit]

References[edit]