BitCore is a cryptocurrency that is a UTXO fork of Bitcoin. Although you hear about hard forks, many people only know about hard Bitcoin forks, such as Bitcoin Cash and Bitcoin Gold; in contrast, few people know about BitCore or hybrid forks. Using Bitcoin’s source code and technology, BitCore created a new blockchain; it made sure that the blockchain size was smaller and scalability was better. In addition, block timings are faster than Bitcoin, making mining ASIC-resistant as well.
BitCore created a new blockchain on April 24, 2017. It took a snapshot of Bitcoin transaction and created 5 million transactions to fill all public addresses belonging to people who own 0.01 BTC or more. The funding ratio is 0.5 BTX: 1.0 BTC, but if you held bitcoins at the time of the snapshot, then you can apply for your share of BTX at a 1:1 conversion until October 30.
BitCore BTX is the first cryptocurrency that is a UTXO fork. But it is more than just a hybrid fork. It has tried to improve Bitcoin and solve the problems that plague it. For example, BitCore uses the MEGA-BTX consensus algorithm that is ASIC-resistant. This means that centralization of mining power is not possible, as the playing field is level and everyone has more or less the same opportunities. In addition, BitCore has 10 MB Segwit-enabled blocks that make the network capable of handling 17.6 billion transactions per year or 48 million transactions per day.
BitCore is a cryptocurrency that promises a lot, especially with the new implementations that have made it algorithm and Masternodes platform, giving the entire crypto community the opportunity to mine BTX with PoW or Masternodes, even BTX holders can mine it with both PoW and Masternodes.
How to Buy BTX on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing BTX. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing BTX.
Step 5: Purchase BTX
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of BTX you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy BTX.
Step 6: Store Your BTX
After purchasing, you can choose to store your BTX in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and BTX assets, be sure to use a strong password and enable two-factor authentication.
BTX Price:BitCore is a cryptocurrency that is a UTXO fork of Bitcoin.The price fluctuates daily, and as of March 30, 2024, the highest price for BTX was $48.42.
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