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Bytom (BTM) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $41,914,499. The current price of Bytom is $0.02358649, which is 4.821% higher than yesterday. Prices have ranged between $0.02427376 and $0.02033096 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 03:02 UTC.
Bytom is a Chinese blockchain project that is developing a protocol to combine multiple assets into one blockchain solution. The aim is to facilitate the exchange of warrants, securities, bonds and a wide range of other digital assets between blockchains.
To achieve this goal, Bytom uses a 3-layer architecture that consists of the following:
The Bytom team made the decision to transition their blockchain from proof of work to proof of stake in order to avoid the negative environmental impact of mining and to enhance economic security. This concept of Bytom 2.0 was developed to interact with the DeFi space and support the Ethereum smart contract system.
Bytom Coins (BTM) are used to interact with the Bytom blockchain and as a method of trading digital and traditional assets.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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