Bitcore is decentralized cryptocurrency designed for direct payments. Its most prominent feature is its extremely tiny blockchain, which helps with scalability and increases transaction speed. The blockchain utilizes a lot of technology from the Bitcoin blockchain, along with SegWit, Core 0.15 and Bloom. New technology such as Diff64_15 (it’s difficulty algorithm) and the GPU-mining algorithm, Timetravel 10, has also been incorporated. Bitcore is not a fork of Bitcoin or any other related developments. Bitcore was launched in April of 2017 by a team of developers from BitSend (BSD). It was designed as an experimental scaling solution to Bitcoin. Bitcore is one of the very first cryptocurrencies to utilize the hybrid fork method to distribute Bitcore tokens to holders of Bitcoin (BTC). Bitcore’s team launched an empty blockchain and created a snapshot of the Bitcoin blockchain. 5 000 000 transactions were created to fill all public keys on the Bitcore blockchain. 0.5 BTX (Bitcore tokens) were distributed for every single BTC (Bitcoin).
Bitcore’s token, BTX, has a maximum supply of 21 million coins and is mined through an ASIC resistant algorithm to encourage GPU mining. As scalability is one of the biggest focusses, the Bitcore network can handle an entire year’s worth of Bitcoin transactions in just a few days.
|Market Cap||$4.50 M|
|Current Supply||16.70 M|
|Total Supply||17.46 M|