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What is Bytom coin (BTM) and how does it work?

by Financial Economy

Bytom Coin, which can develop P2P financial applications, is a blockchain infrastructure for digital assets. The next generation cryptocurrency Bytom Coin is designed as a blockchain infrastructure for internet assets. Individuals and institutions can develop P2P financial applications and asset applications on the Bytom Blockchain. Information about some topics that what is Bytom coin (BTM), how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Mithril coin (MITH).

What is Bytom coin (BTM) and how does it work?

Bytom is a blockchain protocol for financial and digital asset applications. Using the Bytom protocol, individuals and companies can register and exchange not only digital assets (i.e. Bitcoin), but also traditional assets (securities, bonds, even intelligence data).

Bytom consists of three layers: the data exchange and transmission layer, the contract layer, and the asset interaction layer. Invokes layer 3 contracts that depend on assets. The data exchange and transmission layer works in accordance with the UTXO [non-spent transaction output] model and the structure of transaction data in Bitcoin; thus, high-speed handshake is achieved and confidentiality can be controlled.

Bytom coin features!

ESCDA encryption and the SHA256 hash mechanism are used in the public and private keys and address system in Bytom, as in Bitcoin. All algorithms and mechanisms used work in accordance with the Chinese National Encryption Standard.

Bytom purpose!

Bytom’s mission is to “establish the atomic [physical] world and the byte [digital] world, a decentralized network where various byte entities and atomic entities can be registered and exchanged.

Which exchange is BTM coin avaliable on?

Bytom coin is listed on some cryptocurrency exchanges such as OKX, CoinTiger, Huobi Global, MEXC, Gate.io, etc.

How to buy BTM coins?

Bytom coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

BTM coin supply!

Total supply of Bytom coin is 1.749.115.950 BTM.

Bytom coin price!

As of April 19, 2022, at the time of the writing, 1 BTM coin price is around $0,02 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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