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Bytom (BTM): The Rise of Blockchain in Asia




The world has recently seen an upsurge in blockchain related project developments around the world. While the current situation in the cryptocurrency market is encouraging the growth of newer projects, only the elite few of the new assets which are issued on top of the existing blockchain can be considered important. One such new asset is Bytom, a Seoul based blockchain project.

A Little About Bytom

Bytom was founded by Duan Xinxing with the aim of combining the best of both worlds: Artificial Intelligence and Blockchain Technology. The primary focus of this project is on the creation of heterogeneous byte-assets, operating in different forms on its own blockchain. Through several twitter posts, they announced their intentions on focusing primarily on atomic assets, such as dividends and bonds. Not only that, Bytom will make atomic assets registered and exchangeable with a contract based operation. Bytom officially entered the market in August last year and reached an overall ranking of 28th according to coinmarketcap. As of 11/04/2018, Bytom’s market cap has reached an astonishing $602,613,837 USD with a circulatory supply of 987,000,000 BTM tokens.

Bytom’s Inner Workings

The Bytom project is definitely more technical in nature when compared to its peers, as evidenced by the project’s three layers: namely,

• Data transaction and transition layers
• Contract Layer
• Asset interaction Layer

To offer multiple currency support, the Bytom blockchain uses a general address. Assets which are issued and digitized on the platform are named according to the Open Data Index naming system for producing unique names. All other facets of the project are very similar to blockchain related projects, with the combination of private and public keys used for storing assets.

One salient feature of the Bytom blockchain is transaction signature separation. The transaction signatures are kept separately from the rest of the data belonging to a particular transaction. Verification of transactions is also very secure and fool-proof, by using the Bytom UTXO model.

Bytom’s Future Plans for Blockchain Technology

Bytom has spearheaded the blockchain revolution in recent times, with its development team keen on improving the Bytom ecosystem’s governance model before the first quarter of this year. The Bytom project has contributed heavily to the development and adaptability of blockchain technology, especially in China. The several aspects of Bytom’s contribution are listed below.

• Cross-Chain Asset Distribution: The concept of cross chain asset distribution introduced by Bytom aims at aiding developers to create a smaller side chain liked to the main chain. This is beneficial for providing them with full control over their individual projects, while still benefiting from the main-chain’s high degree of security.

• PoW Consensus Mechanism: In case of Bytom, the developers have completely redesigned the existing PoW Consensus Mechanism to make it different from that of Bitcoin. A major point would be the introduction of the matrix mechanism which allows Artificial intelligence technology to facilitate Bytom’s mining.

• Reducing Wastage of Resources: Due to Bytom’s high algorithm speed and a combination of other factors, Bytom can reduce wastage of resources. It is a well-known fact that the development of artificial intelligence has, in turn, increased the demand for ASIC miners. This creates a huge economic benefit for the mining market, which in turn greatly accelerates the development of AI ASIC chips.

Final Thoughts:

In conclusion, the Bytom project has a highly prospective future compared to its peers, due to its unique approach. Bytom’s Ai-friendly PoW algorithm is expected to aid in the full utilization of the world’s mining resources including ones that are removed or abandoned. The worldwide adoption of Bytom is also increasing, with Bytom tokens being listed on exchanges such as EXX, BigONE, Huobi,, Cryptopia, Bibox, HitBTC, Kucoin, EtherDelta, CoolCoin, Allcoin and OKEx. In a market where several blockchain related projects have turned unprofitable or fraudulent, Bytom is certainly a breath of fresh air for investors, adapters and the industry at large.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Marcelo Druck via Flickr


Investors Beware: Another Large Bitcoin Crash Might Be Coming



Bitcoin crash

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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Top 3 Coins to Buy Before They Go Big




Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.


Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?



crypto credit cards

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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