1. PixelPlaygroundHome
  2. Blockchain Briefs

When will btm coin be launched on the mainnet (Is there any hope for btm coin in 2021)?

• Blockchain Briefs • 89 views

When will btm coin be launched on the mainnet? According to official news, the b

When will btm coin be launched on the mainnet (Is there any hope for btm coin in 2021)?

When will btm coin be launched on the mainnet? According to official news, the btm community will make an announcement on November 17, 2020, at 18:00 (UTC+8).

It is understood that btm.com is a decentralized, transparent peer-to-peer trading network protocol that provides a completely trusted storage environment for Bitcoin through blockchain and smart contracts. Its features include the use of BTM as a payment method, support for anonymous encrypted cryptocurrency wallets, allowing private key management and Bitcoin-related applications without third-party involvement.

Is there any hope for btm coin in 2021?

Editor’s note: This article is from BlockBeats (ID:BlockBeats), written by 0x29, authorized reposted by Odaily Star Daily.

After experiencing a slump in the second half of this year, btm coin finally ushered in a strong breakthrough in 2019, but currently, there is still a large gap from the target.

1. Decrease in exchange user volume. By the end of 2020, Binance and Huobi platforms had over 10 million registered users, followed by large exchanges such as Bithumb, Coinbase, and Gate. However, in the past month, the popularity of listing on Huobi has declined to varying degrees. Since January 8, Bitcoin prices have fallen by about 10%, with the lowest drop being close to 20%. From mid-December, it has risen by nearly 40%, with the highest increase reaching about 30%. Now, the price of BTC has dropped below $10,000, indicating an increasing demand for btm coins in the market. If not restricted, will there be any opportunities in 2021?2. Decrease in mining costs. According to Chainnews data, from September to the end of October last year, the entire network’s computing power grew the most, generating approximately 2 billion Thash/s, an increase of over 50% compared to a year ago. At the same time, due to network congestion, some traders have turned to the PoS consensus mechanism.3. Lower transaction fees. According to the current market price, transaction fees will include interest in addition to fees. According to data from Feixiaohao, the current average transaction fee for the entire network is about 0.004 BTM. In comparison, Bitcoin consumes only 0.1 Mwei of electricity per day, saving about 60 kWh per year. Currently, BSV accounts for half of the entire market in mainstream PoW public chains, and most others are produced through the POW model. Therefore, mining will continue even without transaction fee income, and there may even be attacks of over 51%.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22834/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/10/2023 04:47
Next 08/10/2023 05:08

Recommended articles