The Bitcore digital coin appeared as a result of a hard fork of the Bitcoin network in the spring of 2022. Unlike most cryptocurrency startups, this project does not offer users fundamentally new opportunities and does not have global concepts for conquering the world. It solves much more narrow problems related to the most pressing problems of the parent network: payment processing speed and scaling.
Bitcore (BTX) is a digital coin that addresses some of the technical shortcomings of Bitcoin.
Key Features of Bitcore
Official website Bitcore.cc.
Important features of Bitcore are presented in the table.
| Official site | Bitcore.cc |
| Trading ticker | BTX |
| Algorithm | Time travel 10 |
| Protection mechanism | Proof of Work |
| Block size | 10 Mb, 20 Mb with Segwit |
| Issue start date | 27.04.2017 |
| Maximum emission | 21,000,000 BTX |
| Generation time of 1 block | 2.5 min |
| Exchanges for buying and selling | Bit-Z, BitSend, HitBTC, Cryptopia, Vebitcoin, DenoEx, Cryptobridge |
| Mining | GPU |
| @Bitcore_BTX | |
| Github | github.com/bitpay/Bitcore |
2 snapshots were taken from the Bitcoin blockchain:
- On April 26, 2022, the first snapshot occurred at block 463619. Those who had bitcoins in their wallet balance could exchange them for BTX at a 1:1 rate.
- On November 2, 2022, a second snapshot was taken at block 492820. After this, the distribution of BTX to Bitcoin owners began at a rate of 1:2. That is, everyone who had 1 BTC could receive 0.5 BTX.
Since its launch, the BTX blockchain has 2 functions:
- SegWit. This development allows you to increase network performance and carry out more transactions per second.
- Bloom. This is an attestation protocol that increases the security of the blockchain.
The Bitcore (BTX) cryptocurrency is promoted as a faster, cheaper and more convenient alternative to Bitcoin.
Technology and algorithm
Algorithm.
The Bitcore blockchain is based on a rare hashing algorithm – TimeTravel10, which is resistant to ASIC miners and decrypted using GPUs. The difficulty algorithm is called Bitcore Diff 64_15, according to which the mining difficulty increases every 64 blocks. It protects against sudden increases in difficulty when the network hash rate increases sharply.
In order to reduce the size of the blockchain and perform a hard fork, it was decided to use a virtual branch. This technology was used to first create a coin with an empty blockchain, and then 5 million transactions using open wallet addresses that contained more than 0.01 BTC. Thanks to this, Bitcoin holders were able to receive the relevant amount of Bitcoincore into their account. If the owner of the wallet has more than 10 BTC, then upon request he receives 3% of this amount in BTX weekly. This Bitcore payment system is called airdrop. From November 2022, the bonus size increases monthly by 1%. By this time, 600 thousand BTX had been paid out for a total of approximately $3.5 billion.
The Bitcore airdrop was a good means of promotion because the cryptocurrency was very easy to acquire without mining or purchasing.
The second advantage of a virtual branch is that it reduces the weight of the blockchain to 400-500 MB (megabytes, not gigabytes), which, of course, is hard to believe. Now a person can store the entire chain and not waste a huge amount of memory on it.
Here is a comparison of Bitcore with other Bitcoin forks.
| Comparison parameter | Bitcoin (BTC) | Bitcore (BTX) | Bitcoin Gold (BTG) | Bitcoin Cash (BTH) |
| Maximum emission | 21 million | 21 million | 21 million | 21 million |
| Receiving coins | Mining | Mining, airdrop, branding | Mining, branding | Mining, branding |
| Mining algorithm | SHA-256 | Time travel 10 | Equihash | SHA-256 |
| Mining hardware | ASIC | GPU | GPU | ASIC |
| Maximum block size | 1 MV (2-4 MV) | 10 MV (20 MV) | 1 MV (2-4 MV) | 8 MV |
| Approximate blockchain weight | 152 GB | 500 MV | 163 GB | 158 GB |
| Algorithm for increasing complexity | According to the BTC standard – 400% every 2 weeks | Diff 64_15, 15% every 3 hours, flexible | Moving average every 15 blocks | According to the BTC standard – 400% every 2 weeks + EDA |
| Maximum number of transactions per day | 1.2 million | 48 million | 1.2 million | 1.2 million |
At the same time, if you compare prices, it turns out that BTC costs approximately 10,000 USD, Bitcoin Gold – 100 USD, Bitcoin Cash – 1170 USD, and Bitcore – 11 USD. It seems that for all the technological advantages, the price of the asset is strangely low. To understand the reason for this, you need to look at the roadmap and other shortcomings of Bitcore.
Bitcore Roadmap
Roadmap.
The developers' plans look like this:
- On April 24, 2022, the BTX cryptocurrency was launched, and on November 2, a snapshot of the Bitcoin chain was taken.
- In the first quarter of 2022, the website is updated, the API is released, and listing is carried out on major exchanges.
- In the first and second quarters of 2022, the hardware wallet is ready, active promotion is underway with the release of press releases and promotion of the channel on Youtube. The system for direct purchase of BTX through the official website and exchange for fiat via ATM is being debugged.
- Third quarter 2022 promotion on more exchanges, updates to the Bitcore wallet and other wallet versions.
- Fourth quarter 2022 increase in the number of services that accept BTX, for example, to pay for online games. PR campaigns using all possible promotion channels.
No more specific information was provided.
Advantages, disadvantages and features of Bitcore
The list of Bitcore disadvantages includes the following:
- The Roadmap and WhitePaper do not contain details broken down into stages, and the specific exchanges and services with which work will be carried out are not indicated.
- The project has no major investors or partners.
Judging by the promotion methods, the main bet is on BTC holders, who they want to convince with the help of airdrops and bonuses to exchange bitcoins for BTX. Given the rate difference between BTC and BTX, this turns out to be a disadvantageous currency conversion.
Services that accept BTX.
Bitcore has the following advantages:
- The official website contains brief information about 20 developers. Their names, relevant work experience and specialization are indicated. Publishing information about the team always makes a positive impression on investors.
- Listed on 6 major exchanges.
- The blockchain and wallet code is publicly available on GitHub.
There are 2 services that accept BTX as a means of payment.
livingroomofsatoshi.com.
LivingRoomOfSatoshi is a system through which you can pay any bills received in Australia, for example, parking fines.
Kamoney.com.br.
The Brazilian multi-currency service Kamoney accepts BTC, ETH and a number of other cryptocurrencies, including BTX. You can use it to pay for cellular communications, Internet, cable TV, bills for water, gas, electricity, medical services or online purchases.
BTX rate:
| 1 BTX = | 1.01100000 AED |
| 1 BTX = | 0.00000000 AFN |
| 1 BTX = | 26.9800000 ALL |
| 1 BTX = | 123.350000 AMD |
| 1 BTX = | 177.030000 AOA |
| 1 BTX = | 0.35480000 AUD |
| 1 BTX = | 0.00000000 AZN |
| 1 BTX = | 0.39950000 BAM |
| 1 BTX = | 0.00000000 BBD |
| 1 BTX = | 26.7000000 BDT |
| 1 BTX = | 0.53720000 BGN |
| 1 BTX = | 0.11660000 BHD |
| 1 BTX = | 1.89200000 BOB |
| 1 BTX = | 1.44100000 BRL |
| 1 BTX = | 10.5700000 BSD |
| 1 BTX = | 0.00000592 BTC |
| 1 BTX = | 24.2900000 BTN |
| 1 BTX = | 8.11100000 BTS |
| 1 BTX = | 0.68960000 BYN |
| 1 BTX = | 0.32280000 CAD |
| 1 BTX = | 0.23670000 CHF |
| 1 BTX = | 1.60300000 CNY |
| 1 BTX = | 1040.51000 COP |
| 1 BTX = | 165.400000 CRC |
| 1 BTX = | 5.52700000 CZK |
| 1 BTX = | 0.00183000 DASH |
| 1 BTX = | 1.35700000 DKK |
| 1 BTX = | 1.55400000 DOGE |
| 1 BTX = | 15.7800000 DOP |
| 1 BTX = | 18.7500000 DZD |
| 1 BTX = | 296.050000 EAC |
| 1 BTX = | 4.16300000 EGP |
| 1 BTX = | 4.97600000 EMC |
| 1 BTX = | 21.0800000 ETB |
| 1 BTX = | 0.00007488 ETH |
| 1 BTX = | 0.22570000 EUR |
| 1 BTX = | 0.20280000 FCT |
| 1 BTX = | 21.9300000 FTC |
| 1 BTX = | 0.18840000 GBP |
| 1 BTX = | 0.82040000 GEL |
| 1 BTX = | 0.01333000 GGP |
| 1 BTX = | 0.00174300 GIP |
| 1 BTX = | 2.29300000 GTQ |
| 1 BTX = | 2.02700000 HKD |
| 1 BTX = | 6.67200000 HNL |
| 1 BTX = | 1.80200000 HRK |
| 1 BTX = | 86.4500000 HUF |
| 1 BTX = | 3700.68000 IDR |
| 1 BTX = | 0.84250000 ILS |
| 1 BTX = | 20.1700000 INR |
| 1 BTX = | 72.1400000 IQD |
| 1 BTX = | 78039.8100 IRR |
| 1 BTX = | 61.2600000 ISK |
| 1 BTX = | 51.7100000 JMD |
| 1 BTX = | 0.24630000 JOD |
| 1 BTX = | 29.6200000 JPY |
| 1 BTX = | 30.2600000 KES |
| 1 BTX = | 21.7000000 KGS |
| 1 BTX = | 984.990000 KHR |
| 1 BTX = | 314.850000 KRW |
| 1 BTX = | 103.220000 KZT |
| 1 BTX = | 426.670000 LBP |
| 1 BTX = | 72.6100000 LKR |
| 1 BTX = | 0.00190100 LTC |
| 1 BTX = | 2.63900000 MAD |
| 1 BTX = | 6.03900000 MDL |
| 1 BTX = | 0.00000000 MGA |
| 1 BTX = | 79.4800000 MMK |
| 1 BTX = | 7.43300000 MVR |
| 1 BTX = | 452.090000 MWK |
| 1 BTX = | 5.30500000 MXN |
| 1 BTX = | 1.08300000 MYR |
| 1 BTX = | 0.00000000 MZN |
| 1 BTX = | 5.92100000 NAD |
| 1 BTX = | 146.910000 NGN |
| 1 BTX = | 1.49900000 NMC |
| 1 BTX = | 2.55100000 NOK |
| 1 BTX = | 37.9300000 NPR |
| 1 BTX = | 0.73940000 NVC |
| 1 BTX = | 21.1500000 NXT |
| 1 BTX = | 0.37680000 NZD |
| 1 BTX = | 0.13060000 OMR |
| 1 BTX = | 0.26850000 PAB |
| 1 BTX = | 1.02200000 PEN |
| 1 BTX = | 1.44200000 PGK |
| 1 BTX = | 13.6900000 PHP |
| 1 BTX = | 54.9300000 PKR |
| 1 BTX = | 1.03800000 PLN |
| 1 BTX = | 0.37010000 PPC |
| 1 BTX = | 1488.96000 PYG |
| 1 BTX = | 1.12000000 QAR |
| 1 BTX = | 0.99450000 RON |
| 1 BTX = | 28.0500000 RSD |
| 1 BTX = | 19.3100000 RUB |
| 1 BTX = | 0.97000000 SAR |
| 1 BTX = | 2.51600000 SEK |
| 1 BTX = | 0.34780000 SGD |
| 1 BTX = | 7.89500000 STR |
| 1 BTX = | 0.00000000 SVC |
| 1 BTX = | 4.65900000 SZL |
| 1 BTX = | 8.78300000 THB |
| 1 BTX = | 0.19400000 TND |
| 1 BTX = | 196.940000 TOP |
| 1 BTX = | 3.46700000 TRY |
| 1 BTX = | 2.40100000 TTD |
| 1 BTX = | 8.43200000 TWD |
| 1 BTX = | 668.490000 TZS |
| 1 BTX = | 7.28700000 UAH |
| 1 BTX = | 1139.13000 UGX |
| 1 BTX = | 0.25810000 USD |
| 1 BTX = | 11.6600000 UYU |
| 1 BTX = | 3610.96000 UZS |
| 1 BTX = | 277694.9900 VEF |
| 1 BTX = | 6382.80000 VND |
| 1 BTX = | 0.60420000 VTC |
| 1 BTX = | 22.5800000 VUV |
| 1 BTX = | 0.00000000 WST |
| 1 BTX = | 170.500000 XAF |
| 1 BTX = | 0.00126700 XMR |
| 1 BTX = | 140.320000 XOF |
| 1 BTX = | 0.86690000 XPM |
| 1 BTX = | 0.32710000 XRP |
| 1 BTX = | 4.06900000 ZAR |
| 1 BTX = | 5.00200000 ZMW |
How and where to buy Bitcore cryptocurrency?
BTX can be purchased on major exchanges or through exchange services.
Exchanges trading Bitcore
Exchanges.
Listing has been completed on the following exchanges:
- Bit-Z;
- BitSend;
- HitBTC;
- Cryptopia;
- Vebitcoin;
- DenoEx;
- Cryptobridge.
The BTX\BTC pair is traded everywhere, there are options with ETH and USDT.
Exchangers for withdrawal
Outside of exchanges, there is no direct exchange of BTX for fiat, but you can exchange this currency for bitcoins and transfer it to fiat through any reliable exchanger, for example, 60cek.com.
How to mine Bitcore?
Bitcore (BTX) mining is carried out on the GPU; you can use top-end video cards from Nvidea or AMD to mine coins. The most popular miner program for Bitcore is CC mainer (SP-mod 2 or 3). From this interesting video you can learn more about how to mine Bitcore.
Pools
Here is a list of the most popular pools where you can mine Bitcore.
| Name Bitcore pool | Domain |
| Bitcorepool | Bitcorepool.cc |
| Yiimp | yiimp.eu |
| Omegapool | omegapool.cc |
| Suprnova | btx.suprnova.cc |
| BTXPool | btxpool.org |
| Coin-Miners | pool.coin-miners.info |
| Chainworks | pool.chainworksindustries.com/btx |
| Umine | umine.org |
| Minersport | minersport.us |
| Antminepool | antminepool.com |
| BSOD | bsod.pw |
The average commission is 0.5-2.5%.
Cranes
The table shows a list of Faucet services that distribute Bitcoretoshi with payout on FaucetHub.
| Crane name | Timing | Reward size, BTX satoshi |
| RektzBitcore | 6 | 2000 |
| RekcoinsBTX | 7 | 1400 |
| FreeSatochiBTX | 5 | 2000 |
| FaucetGoldBTX | 1 | 2500 |
| BTXAlexCoin | 10 | 2500 |
| BTXWowFaucet | 5 | 1500 |
| ClaimBTX | 1 | 1100 |
Bitcore
Bitcore is a cryptocurrency based on Bitcoin. Bitcore has 10 MB blocks with Segwit, which allows the network to process about 17.6 billion transactions per year.
The coin also has an ASIC-resistant algorithm - Timetravel10 and a complex setting called 64_15, which ensures that there is no 15% change in difficulty over the 64-bit period.
The goal is to create a fast and convenient cryptocurrency for instant payments, reliability and security.
The coin was founded on April 24, 2022. All Bitcoin owners automatically received Bitcore thanks to the fork, the field of which Bitcore began to work on its own Timetravel10 algorithm.
The developers tried to take the best from other cryptocurrencies. Below is a comparison table:
Road map
Main roadmap
Q1 2022:
- New site
- Answers to user questions on Telegram
- English channel on Youtube
2nd quarter 2022:
- Entering new exchanges
- Spanish channel on Youtube
- Web miner
- Wallet improvement
- Trezor hardware wallet
- Hardware wallet - Keepkey
3rd quarter 2022:
- WhitePaper
- Bitcore Library
- ATM Lamassu integration
- Genesis Coin ATM integration
4th quarter 2022:
- Community Development
- Implementation of a voting system
- WordPress plugin
- Magento plugin
General roadmap:
- Project release April 24, 2022
- Core 0.15.1.0
- The number of coins will not exceed 21,000,000
- Block Size 10MB (20MB SegWit)
- Timetravel10 algorithm (GPU only, that is, ASIC is stable)
Development team
The development team is publicly available, but there are no photos, only the name of the team member. A total of 18 people are involved in the development of the project.
Chris is the founder of the project and the main developer. He has worked on several other coins such as BitSend, Bitcloud and many more.
Jon is a developer.
Steve is an exchange manager. Responsible for social networks.
David ( Kryptowerk ) – graphic designer. He also works on media publications and supports the core team's workflow.
Ivo is a web development and project consultant. Ivo runs the website and also helps Bitcore grow both legally and technically.
David (Dalijolijo) – Python and C++ Programmer
Thomas is the project manager.
Next come consultants, marketers, developers, and many other full-time employees.
Where to store?
You can store the coin on an official cold wallet for operating systems such as:
- Windows
- Linux
- Mac
You can download the wallet from the official website https://bitcore.cc
You can also store coins on a mobile wallet for the following operating systems:
- Android
- iOS
This type of wallet is very convenient, as it is almost always at hand. You can easily and quickly check your balance, find out the exchange rate, and also enter or withdraw coins to the exchange.
You can download it:
iOS https://itunes.apple.com/us/app/coinomi-wallet/id1333588809
Android https://play.google.com/store/apps/details?id=com.coinomi.wallet
It is worth noting that the mobile wallet is not official, but a multi-currency wallet from.
You can also store coins on a multi-currency cold wallet from the Zelcash coin, created for the following operating systems:
- Windows
- Linux
- Mac
You can download it from the official website -https://zeltrez.io/downloads/
The same multi-currency wallet is supported . You can download it from the official website https://jaxx.io/downloads.html
You can also store coins directly on the exchange where they are traded.
How to mine?
The coin works on the Timetravel10 algorithm and is mined using video cards - GPU.
In order to start mining this coin, you need to assemble a mining farm or use 1 video card in your computer.
Video cards from Nvidia are best suited for mining this coin, but on AMD you can also mine Bitcore, but this will bring slightly less profit per day than other algorithms tailored for AMD.
Programs
Nvidia – CCminer
Hashrate
AMD 570 – 8Mh/s AMD 580 – 8.2Mh/s AMD Vega 56 – 14Mh/s AMD Vga 64 – 16.5Mh/s Nvidia 1050 TI – 7Mh/s Nvidia 1060 –11Mh/sv Nvidia 1070 – 18.5Mh/s Nvidia 1070 TI – 19.5Mh/s Nvidia 1080 – 21.80 Mh/s Nvidia 1080 TI – 30Mh/s
Pools
Next, you need to download a miner to mine this coin. The following are suitable:
https://www.bitcorepool.cc https://www.omegapool.cc https://btx.suprnova.cc https://antminepool.com https://www.poolgpu.com https://pool.coin -miners.info https://bsod.pw https://umine.org
After the pool is selected, you need to configure the Bat file for it.
from our website.
That's it, all that remains is to launch the batch file. The mining process has started.
How to get a?
- Buy on the exchange
- Mine on video cards
- Mine another, more profitable coin, and immediately sell it on the same day in exchange for BTX
Where can I buy?
| # | Exchange overview | Pair |
| 1 | HitBTC | BTX/BTC |
| 2 | QBTC | BTX/CNY |
| 3 | Exrates | BTX/BTC |
| 4 | QBTC | BTX/USDT |
| 5 | Exrates | BTX/USD |
| 6 | Exrates | BTX/ETH |
| 7 | Cryptopia | BTX/BTC |
| 8 | Cryptopia | BTX/USDT |
| 9 | Cryptopia | BTX/LTC |
| 10 | CoinExchange | BTX/BTC |
| 11 | CryptoBridge | BTX/BTC |
| 12 | HitBTC | BTX/USDT |
| 13 | Cryptopia | BTX/DOGE |
| 14 | Trade Satoshi | BTX/BTC |
| 15 | Bit-Z | BTX/BTC |
| 16 | Bit-Z | BTX/ETH |
Forecast
Although the coin does not contain anything new or a completely new product, it is almost no different from most cryptocurrencies, it is still interesting to many investors.
Bitcore is a growing project for fast transactions with low commissions. On the Internet you can find many discussions of it, where some believe that this is the future Zencash, only with minimal commissions, others that it is just a very good coin that is worth taking a closer look at, and still others do not see in it anything at all that it could give this coin.
Despite all this, the project has a very large team, active work on Github, many plans (judging by the roadmap), and also highly developed social networks.
Despite the fact that the product is completely ready, many cryptocurrencies at this stage (having this status) simply abandon the project, and it begins to live its own life.
The coin really has a lot of chances that its value will rise.
Firstly, this community belief in it and active trading, which means demand for BTX.
Secondly, it still depends on Bitcoin, which means that when it grows, BTX will also increase its rate.
Forecast for 2022
Data from Coinmarketcap.com.
The dynamics of the Bitcore rate are as follows:
- It started on 04/27/17 at 6.60 USD, by 05/01/17 it fell to 1.55 USD, at the beginning of May it grew to 3 USD, then until November strong volatility continued in the range of 1.7-6.2 USD.
- Starting from November, growth began; by November 17, 2017, the Bitcore exchange rate to the dollar reached 40 USD.
- Until the beginning of March, there were jumps from 20 to 35 USD, after which there was a drop to 11.8 USD, and a smooth bearish trend began.
Bitcore ranks 111th on Coinmarketcap as of early March 2022, and there are no plans for a sharp decline in value yet. According to the forecast, the Bitcore rate in 2018 should remain above 10 USD; it will be pumped periodically, which means that it will be possible to make money on this asset. Subject to the rules of risk management, you can place from 5 to 10% of the deposit in Bitcore.
Bitcore (BTX) Roadmap
In 2022, Bitcore developers will solve two problems: create updated wallet options and advertise cryptocurrency.
First quarter. A new website and API Insight application will appear, and the number of exchange transactions on the platform will be increased.
Second quarter. A full-fledged hardware wallet will be released, after which the Bitcore team will engage in active marketing, press releases, media publications and the development of a YouTube channel.
Third quarter. Additional support for a hardware wallet with a larger number of exchange transactions will be introduced.
Fourth quarter. The finished product will be promoted through television advertising and all available channels of user traffic.
Development plans for 2022 have not been published. There are only general phrases that the project will continue to scale and be supplemented with new functions.
