What is Bytom (BTM coin)? Bytom can be defined as a blockchain protocol designed for financial and digital value applications.. People and businesses alike can use this protocol easily and register.. Not only digital value but also traditional values can be exchanged (bonds, bonds and even intelligence data).
Bytom ( What is BTM coin?
BTM Project dedicated primarily to solving the following problem
Problem: Real-world values become tokenized as we drive property records and stock market ledgers to the blockchain. Although a common path has not been determined, physical (atomic) values are shifting towards the digital (byte) world from protocol level to planning.. Beyond planning, there are some needs to be able to trade between these two different values in order to create a connected ecosystem.. It’s hard to imagine a tokenized world until that happens.. Bytom’s goal is to solve this problem.
How Does BTM Work?
Bytom’s mission is to bridge these two worlds by building a decentralized network where byte and atomic values can be saved and exchanged.
There are three types:
Revenue Values: This includes raw values, local government values, and crowdfunding campaigns.
Equity Values: This value class requires investor verification for transfers and includes things like private company equity and non-public investment stocks.
Securitized Values: This value type has predictable cash flows.. For example, debts and car loans.
You can trade all these values through the Bytom protocol. And it has many benefits.. For value holders, registration and exchange on the blockchain creates a more useful and secure system than the current state.
Removes much of the middleman bloat in value transfer and record keeping. Suspending intermediaries reduces costs and shortens transfer times, while removing intermediaries also has the benefits of having full control over your values.. You no longer have to rely on a third party for accurate record keeping, because records are stored on a fixed public ledger, because value records are distributed across nodes around the world, and there is no single weak spot where malicious actors can manipulate data.
Bytom protocol also includes cross-chain transaction capability via sidechains. Being able to do this as a developer means you can create a smaller version of the chain and perform API calls via smart contracts to verify network activity on the main chain.. These calls also allow you to transfer values between chains and even distribute dividends via sidechains.
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BTM What you need to know for Coin
Bytom token (BTM) has three main uses in this ecosystem:
1-Transaction fees
2-Dividends
3-Value extraction collateral
As of now, 987 million BTMs are in circulation, with a total support of 2.1 billion circulated through mining. The team distributed 30% of the total amount to the ICO participants and created a pool for mining rewards with 33% of the total amount.. The remaining tokens are reserved for business development or private investors.
Where Can BTM Be Stored?
You need to keep your BTM in Bytom official wallet. It is available on Windows, Mac and Linux operating systems. The team also created a user manual to help with getting started and using the wallet.
Up to the time of this writing, the conversion of ERC20 BTM tokens to regular BTM tokens was in progress on the Bytom blockchain.. If you buy BTM now, be careful what tokens you buy. you should only send regular BTM tokens to your official wallet.
Final thoughts for BTM Coin
Bytom creates interoperability protocol that can provide management and transfer of physical and digital assets. The team is led by some of the Early blockchain evangelists, and since its founding in 2017 they set the most important milestones
If successful, it will usher in a new tokenized world with digital assets representing anything from corporate shares to land parcels. we can see. Although early, the future looks promising given what the team has done so far.