Simonsayz - Watch this Undervalued Cryptocurrency #1

Hi Steemian Crypto-freaks!

Now before I begin, I need to let you know that I am not a financial advisor, so please don't take this as financial advice. Please do your own due diligence before investing in anything and don't invest things like your rent money or money to buy food.

With the fine print out of the way!

Here is my first undervalued Cryptocurrency quick showcase

We have all heard about Neo (Antshares), being the Chinese Ethereum and hasn't it performed exceptionally well of late. Well Bytom claims to be the Chinese Bitcoin! That's right, you read correctly and it's also dubbed the next Chinese 10x Coin! So if this sounds like the NEO you missed out on, well perhaps it is. I just picked up some for around 20 cents from binance.com One of the most exciting features of Bytom for miners is that the Bytom blockchain protocol works to make obsolete mining equipment useable again!!

About Bytom BTM

The vision of Bytom (BTM) is to bridge assets of atomic world to that of the byte world. To achieve this the BTM team believe that the most important factor is to be able to guarantee the security and stability of the Bytom system. Bytom developers have chosen to adopt the proof-of-work system as POW as it is considered the most fault-tolerant consensus mechanism for a public chain. With the rise of big data and cloud computing, the Internet is moving from “Information as power” to the age of “computing as power”. The evolution of world economy and power is featured with byte(digital) information. The evolution started from “Byte Tool” era to “Byte Currency” era and now “Byte Assets” era.

Bytom also claims to be the decentralized platform that will bridge the digital world and the physical world

Bytom Blockchain Protocol, or Bytom, is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information in the physical world) can be registered, exchanged, adjusted and engaged in other more complicated and contract-based interactive operations via Bytom.

Put simply, Bytom aims to build a decentralized and open platform where various byte assets and atomic assets could be registered and exchanged.

Bytom boasts many innovations from UTXO design of Bitcoin to POW algorithm

Major Innovations

♥ COMPATIBLE WITH THE UTXO DESIGN OF BITCOIN
♥ GENERAL ADDRESS FORMAT
♥ COMPATIBLE WITH NATIONAL ENCRYPTION STANDARD
♥ ASSET NAMING USING ODIN
♥ POW ALGORITHM THAT IS FRIENDLY TO AI ASIC-CHIPS
♥ CROSS-CHAIN ASSET TRANSACTIONS AND DIVIDENDS DISTRIBUTION THROUH SIDE-CHAIN
♥ QUASI "SEGREGATED WITNESS" DESIGN
♥ ENHANCED TRADING FLEXIBILITY

Better than Ethereum?

Unlike the Ethereum account model, BUTXO can verify transactions in parallel by adopting a mechanism similar to nonce to ensure that each unspent outputs could only be associated with one single transaction. In addition, Bytom is lighter than Ethereum in nature as participants only need to remember unspent outputs as the trade itself carries other relevant information (such as asset ID, units, controller program). Read the White Paper for more information.

Platform Model: Three-layer Structure

What does it do?

This is what I found

"Bytom publicizes all shareholder’s info on blockchain to register the ownership, thus eliminating the complicated paperwork involved in the share transfer process, improving the efficiency of asset circulation in a safe and reliable way." [...]

"Bitcoin’s POW algorithm is often criticized with too much energy waste. Bytom’s mining mechanism could bring benefits to various participants in the ecosystem."

"Bytom has over 30 members at the moment. Core development team consists of industrial experts: Changjia is the founder and CEO of 8btc and has been committed to promoting blockchain technology and theoretical research for years. Duan Xinxing, former VP and Chieft Researcher of OKCoin, is responsible for product design and branding work. Lang Yu, founder of 8btc and former engineer of Alipay, is in charge of development. Gavin Qu is responsible for 8btc marketing and operation and running the blockchain hardware lab. Li Zongcheng, former senior executive of Kedi Group, has rich experience in investment and financing and profound understanding of the blockchain application in the financial industry."

All sounds good to you? The white paper is now available in English, please check the link below. You will find the market places to purchase are all Chinese sites, but they are also in English and are extremely easy to use.

More Information: https://coinmarketcap.com/assets/bytom/
Bytom Website: http://bytom.io/en
Bytom Forum: http://8btc.com/bytom
English Whitepaper: https://bytom.io/BytomWhitePaperV1.0_En.pdf
Technical Whitepaper: http://bytom.io/BytomWhitePaperV1.0_En.pdf
Where to buy: https://www.binance.com
And two other Chinese Exchanges listed below with QR APP links
https://www.bter.com

https://www.szzc.com

Video:

https://bytom.io/wp-content/themes/news/bytom-ui/img/bytom_b_3.mp4

Bytom (BTM) References
reference 1 : http://news.8btc.com/decentralized-platform-bytom-works-to-bridge-digital-world-and-physical-world
reference 2 : http://news.8btc.com/bytom-blockchain-protocol-works-to-make-obsolete-mining-machines-useful-again
reference 3 : http://news.8btc.com/thoughts-on-bytom-design-extension-of-utxo-structure

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