What Is Bytom (BTM)?
Bytom (BTM) is a triple-layered blockchain that hopes its unique approach will relieve the biggest processing inefficiencies. One layer houses data transactions, another processes data transmissions, and the third is the asset interaction layer. This architecture has the capability to provide a secure, efficient blockchain platform for tokenized transactions.
Who Is Bytom?
Bytom was founded by Duan Xinxing and Chang Jia in late 2017 and launched an ICO in January 2018. It is managed by the Bytom Foundation, of which both men are in charge.
Use Cases of Bytom
Bytom is built to support artificial intelligence (AI). These high-speed, high-bandwidth applications are sure to be more prevalent in the future, and the team is ready for this inevitability. This is one of the more technologically advanced blockchain projects, but adoption enterprise partnerships will be key to its success.
How to Mine BTM
BTM is mined using a Proof-of-Work (PoW) algorithm called Tensority. You can’t mine at home, as ASIC mining rigs have been available since mid 2018. You’ll either need several of those or to join a mining pool if you want any hope of ever mining a sliver of BTM.
Notable Partnerships and Investors
Bytom was one of the first cryptocurrency projects to voluntarily submit itself to the U.S. SEC Howey Test. It has regulatory support from both China and the U.S., a rarity, as these two countries have very different socioeconomic outlooks. The company is also building a digital asset storage center in central China for the Chinese government. Government contracts of any kind are always gold for businesses.
Learn More About Bytom
If you want to learn more about Bytom, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.