Bytom is a blockchain that can be used to manage a wide variety of digital assets. Bytom Coin addresses the problem of how to combine the management of purely digital and purely physical assets. The coin is to be used to create a new digital economic model.
Bytom Coin – Read more about it: www.onlinebetrug.net/en/
Everipedia writes: https://www.onlinebetrug.net/en/ Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte assets (domestic digital currency, digital assets), which in various forms can be registered on the Bytom blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exists in the physical world), exchanged, gambled away and engaged in other more complex and contract-based interactions via Bytom.
Bytom is a protocol that allows interaction with different assets, that is, assets. What is new about the development is that the platform is also increasingly focusing on assets that are based on the real world. Other blockchains also offer asset management, often digital assets such as crypto currencies, bonds, securities, dividends, information and other real assets. The goal of the developers is to be the first platform that allows a comprehensive management of all imaginable assets. Later, the platform will be linked to the “Internet of Things” and artificial intelligence.
Bytom Coin – Who is the Bitcoin trader?
The crypto currency is a token, or BTM for short. Bytom uses the proof-of-work algorithm, so mining is possible. In total, there should be a finite amount of 1,407,000,000 BTM coins. These are incurred as Bitcoin trader transaction fees or are distributed as dividends when assets on the platform generate income. Users can use Xrelay to secure assets with Bitcoin. Xrelay runs as a sidechain next to the Bitcoin trader blockchain and can automatically convert the Bitcoins into BTM coins.
The assets are stored on the Bytom Wallet. This wallet can be secured with public and private keys and can contain several addresses. Thus the wallet can be used flexibly and can be made accessible to different persons. The private and public keys are protected with ESCDA Encryption, as well as with the SM3 hash algorithm, which is a further development of the SM2 algorithm.
Byt/om consists of three layers. The application layer enables users to interact with their assets. The developers focus on an easy-to-use, graphical user interface. The “contract layer” is used for asset management and the development of Smart Contracts. The Smart Contracts are also used to perform things like dividend distribution automatically. The data transmissions layer issues the assets and sends the transactions.
The team behind the development is called 8btc. The team leader and founder of 8btc is Chang Jia. He is a well-known sci-fi author who is trying to spread the blockchain technology. Lang Yu develops the data center system of the crypto currency. He holds a master’s degree in computer science and previously worked at Alipay as a systems engineer.
Duan Xinxing is the head of design and marketing. Qu Zhaoxiang is the Chief Operating Officer (COO). Yi Changjun leads the development of the blockchain and James Zhu and Zhu Yiqi work together on the development of the Bytom Virtual Machine.