The ABC of Bitcore cryptocurrency

2017 was a great year for cryptocurrencies, and especially for Bitcoin, whose value was increased 20 times compared to the value with which it started that year and has not been the only cryptocurrency that has increased its value. and this has led to the development of new cryptocurrencies that promise to be very profitable for subsequent years, among them is the Bitcore virtual currency.

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What is Bitcore? Everything you should know about this cryptocurrency
On April 24, 2017, Bitcore (BTX) was born, a cryptocurrency that is created by the same Bitsend developers. One of the novelties that its proposal brings is to provide a solution to the problems faced by some cryptocurrencies, such as Bitcoin, where the greater number of transactions, the higher the costs.

Bitcore is one of the few cryptocurrencies that are created through an unconventional hybrid bifurcation system, in which Bitcoin's blockchain technology is combined with a completely new blockchain.

Bitcore and its relationship with Bitcoin

Bitcore is born from one of the active Bitcoin blocks, from which a copy is generated, but its developers point out that it is not a conventional bitcoin fork, since Bitcore starts using an empty blockchain, as well as the size of the chain of blocks is very low, compared to other cryptocurrencies such as Bitcoin Cash, Bitcoin Gold or Bitcoin Diamond.

The most notable difference with respect to Bitcoin is that the Segwit protocol developed in Bitcore allows you to validate transactions in a much faster way; the estimated time to complete a block is 2.5 minutes, in this sense, the blockchain of Bitcore can reach in just three days, the transactions that Bitcoin currently validates in a whole year.

Likewise, Bitcore's new block chain is about 400 MB, a very small chain compared to Bitcoin blockchain and other cryptocurrencies that occupy up to 135 GB, which clearly leads to a better efficiency in the execution of the chain of blocks.

The following image provides information on the Bitcore specifications, compared to Bitcoin and some of its branches ...

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Bitcore free for BTC Holders

Since Bitcore was born, developers have been running a distribution system called airdrop, which allows people who own BTC to claim BTX for free; the first snapshot of the blockchain that was used for the creation of Bitcore, granted BTX in a ratio of 1: 1 to those people who have in their BTC purses, later, on November 2, 2017, they issue the second instant copy, without However, this time with a ratio of 1: 2 (1 BTX: 2BTC).

It is worth mentioning that the condition for holders to receive this free BTX bonus was that they have their private keys, in addition, they must claim this bonus through the signature of the airdrop message.

How to get Bitcore?

The Bitcore (BTX) is a coin that can be obtained through the mining process, it uses the work test technology (POW), with a custom algorithm called TimeTravel10, currently giving a reward of 3125 BTX for each block generated; It is worth mentioning that Bitcore mining follows the same system as Bitcoin.

To mine BTX it is necessary to have graphics cards of type AMD or Nvidia default.

On the other hand, BTX can be acquired through the purchase in the following exchanges:

HitBTC
Bit-Z
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