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What is BitCore BTX?
BitCore BTX is an innovative cryptocurrency that originated as a UTXO fork of Bitcoin, aiming to enhance scalability, decentralization, and transaction speed. Through the use of a custom MEGA-BTX consensus algorithm and a SegWit-enabled blockchain, BitCore offers fast block times, a compact blockchain size, and ASIC-resistant mining to promote a decentralized network.
The platform also introduces the Swapped BitCore (sBTX) token, a BEP-20 asset on the Binance Smart Chain, providing seamless access to the decentralized finance ecosystem. BitCore supports a robust masternode system and diverse wallet solutions, supporting secure storage and management of both BTX and sBTX assets for users and businesses worldwide.
Features
- UTXO Bitcoin Fork: Offers a unique hybrid fork providing enhanced blockchain efficiency
- MEGA-BTX Algorithm: Implements an ASIC-resistant, GPU-friendly mining algorithm
- 10 MB Segwit Blocks: Supports large, scalable block sizes for increased transaction throughput
- Masternode Platform: Enables network stability and user rewards through masternode operation
- sBTX BEP-20 Token: Brings BitCore to Binance Smart Chain and DeFi integrations
- Multi-Wallet Support: Compatible with Odarhom, Electrum, Metamask, Trust Wallet, and more
- Fair Distribution: Initial distribution through airdrops and BTC claiming snapshots
- PoW and Masternodes: Allows dual mining options for diverse user participation
Use Cases
- Participating in DeFi solutions with sBTX on Binance Smart Chain
- Operating masternodes for network support and earning rewards
- Mining BTX using the ASIC-resistant algorithm
- Transferring cryptocurrency with low fees and high scalability
- Storing and securing digital assets with diverse wallet options
- Claiming legacy BTX from historical Bitcoin holdings
FAQs
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What is the MEGA-BTX algorithm?
The MEGA-BTX algorithm is a custom-developed, ASIC-resistant mining method designed to enhance decentralization and provide equal mining opportunities for users. -
Can I use BitCore BTX with DeFi platforms?
Yes, the Swapped BitCore (sBTX) token is available as a BEP-20 asset on the Binance Smart Chain and can be used in DeFi applications. -
What wallets are compatible with BitCore BTX and sBTX?
BitCore BTX supports Odarhom QT, Electrum, and various hardware wallets, while sBTX can be managed with wallets like Metamask, SafePal, Trust Wallet, Math Wallet, Binance Wallet, and Guarda Wallet. -
How does the masternode system work for BitCore?
Masternodes require a collateral of 2,100 BTX and help stabilize the network, with operators receiving a portion of block rewards.
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