BitCore BTX: The Ultimate Combination of PoW, Masternodes, and DeFi

What is BitCore BTX? What are its features and why should I start using it?

BitCore BTX is a cryptocurrency that emerged as a UTXO fork of Bitcoin. While many people are familiar with hard forks like Bitcoin Cash and Bitcoin Gold, only a few are aware of BitCore and its unique hybrid fork approach. By utilizing Bitcoin's source code and technology, BitCore created a new blockchain with improved scalability and a smaller blockchain size. Additionally, it boasts faster block timings, making it resistant to mining ASICs.

On April 24, 2017, BitCore established its own blockchain by taking a snapshot of Bitcoin transactions and generating 5 million transactions to fill all public addresses owned by individuals with 0.01 BTC or more. The conversion rate is 0.5 BTX for every 1.0 BTC, and if you held bitcoins during the snapshot, you can claim your share of BTX at a 1:1 conversion until October 30.

BitCore BTX is not just another hybrid fork; it is the first UTXO fork cryptocurrency. It aims to enhance Bitcoin and address its existing issues. For instance, BitCore employs the MEGA-BTX consensus algorithm, which is resistant to ASIC mining. This ensures a level playing field, preventing centralization of mining power. Moreover, BitCore features 10 MB Segwit-enabled blocks, enabling the network to handle a staggering 17.6 billion transactions per year or 48 million transactions per day.

With its algorithm and Masternodes platform, BitCore offers a lot of promise to the crypto community. It provides opportunities for mining BTX through both PoW and Masternodes. Even BTX holders can engage in mining using both PoW and Masternodes, further expanding the possibilities within the network.