Price
$0.0357
11/30/2022, 9:08:12 PM
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Market

Market stats

Market cap

$1.3M

Volume (24h)

$2,384.64

Circulating supply

18.1M BTX

All time high

$48.42

Price change (1h)

+0.91%

Price change (24h)

+17.83%

Price change (7d)

+78.66%

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BitCore is on the rise this week.

The price of BitCore has risen by 78.66% in the past 7 days. The price increased by 17.83% in the last 24 hours. In just the past hour, the price grew by 0.91%. The current price is $0.0357 per BTX. BitCore is 99.93% below the all time high of $48.42.

The current circulating supply is 18,116,535.731 BTX.

About

What Is BitCore (BTX)?

BitCore (BTX) is a cryptocurrency that is a UTXO fork of Bitcoin (BTC). The BitCore ecosystem being a hybrid fork of Bitcoin, wants to improve and resolve existing problems of the Bitcoin blockchain. UTXO refers to an amount of unspent digital currency left after making a cryptocurrency transaction. The BitCore platform aims to leverage the cutting-edge source code and technology of Bitcoin to create a new blockchain with shorter block times and higher scalability.

BitCore utilizes a proof-of-work (PoW) consensus mechanism while employing all the BIPs (Bitcoin Improvement Proposals) for a future-proof Bitcoin version. The BitCore project offers decentralization and user-empowerment components such as the following: The website states BitCore uses a MEGA-BTX consensus algorithm, an ASIC (application-specific integrated circuit) resistant algorithm. This algorithm boosts community participation while standing against centralization effects in mining. The Bloom filter application of BitCore allows for a reduced storage size to run a full blockchain node. Bloom filters are known to speed up synchronization of SPV (simplified Payment Verification) or light wallets for empowering new user participation for BitCore. BitCore has deployed SegWit to help make its blockchain faster than Bitcoin. The website states that the platform has 10 MB SegWit-based blocks to enable the network to handle 48 million transactions per day.

BTX is the native token of the BitCore network and has 16.2 million BTXs pre-mined by the platform. The platform token is distributed in the following ways: 

  1. One-to-One Claiming: In the first phase of BitCore, the project allowed Bitcoin to exchange to BitCore at a 1:1 ratio. This way, BitCore was able to distribute 590,000 BTXs.

  2. Hybrid Fork: If BitCore addresses whose corresponding addresses on Bitcoin hold 0.01 BTC, then the platform fills them with 50% in BTX. The funding ratio is 0.5 BTX to 1.0 BTC. This way, BitCore distributed about 8 million BTXs from 16.2 million.

  3. Airdrop: 90% of the remaining BTXs are distributed to the community via airdrops. 10% is saved for the future development of BitCore.

History of BitCore (BTX)

According to the website, Chris and Jon are the founders of BitCore and launched the platform on April 24, 2017. BitCore held the one-to-one claiming event with Bitcoin from April 2017 to November 2, 2017.

The BTX token has a maximum supply of 21 million tokens.

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FAQ

What is the current price of BitCore?

The price of 1 BitCore currently costs $0.0357.

What is the market cap of BitCore?

The current market cap of BitCore is $1.33M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of BitCore?

The all-time high of BitCore is $48.42. This all-time high is highest price paid for BitCore since it was launched.

What is the 24 hour trading volume of BitCore?

Over the last 24 hours, the trading volume of BitCore is $2.38K.

What other assets are similar to BitCore?

Assets that have a similar market cap to BitCore include Ryoshi Token, Oxygen Protocol, CyberVein, and many others. To see a full list, see our comparable market cap assets.

How many BitCore are there?

The current circulating supply of BitCore is 18 million.