Bitcore is a cryptocurrency that is a hybrid fork of Bitcoin. Although hard forks are heard of, a lot of people only know of Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold; instead, a few people know of Bitcore or hybrid forks. Using Bitcoin’s source code and technology, Bitcore created a new blockchain altogether; it made sure that the blockchain size is smaller, the scalability is better. Furthermore, block times are faster than Bitcoin’s while making mining ASIC resistant as well. Bitcore is not that different from Bitcoin as of now. In fact, it is rather inferior to Bitcoin and most other cryptocurrencies; it has no utility at the time of writing this. It’s only an investment prospect for those who believe the coin will kick on soon and reach great heights. The reason why one would want to invest in Bitcore is that of its unique practices. Bitcore created a new blockchain on November 2, 2017. It took a snapshot of the Bitcoin transaction and created 5 million transactions to fill all the public addresses belonging to people owning 0.01 BTC or more. The funding ratio is 0.5 BTX: 1.0 BTC, but if you had bitcoins at the time of the snapshot, then you can request your share of BTX at a 1:1 conversion until October 30. Bitcore is the first cryptocurrency to be a hybrid fork. But it is more than just a hybrid fork. It has tried to improve on Bitcoin and solve the issues that plague it. For instance, Bitcore uses timetravel10 consensus algorithm which is resistant to ASICs. This means that centralization of mining power is not possible as the playfield is levelled and everyone has an equal opportunity more or less. Moreover, Bitcore has 10 MB Segwit enabled blocks that make the network capable of handling 17.6 billion transactions a year or 48 million transactions per day. Bitcore is a cryptocurrency that has a lot of promise but nothing to show for as of now. Those investing in it believe that it will grow into a major force soon. But even after weekly airdrops, the user base is limited. Handling 46 million transactions per day won’t matter if there aren’t many people to use it. The development team’s efforts will go a long way into ensuring that more people start using BTX. A wallet that is on the way can help change things a little; however, Bitcore’s long-term future might depend on whether it can offer something different or not.
After the originators of ECC left the project for dead in 2015 a developer named Greg Griffith decided to take it over and revive ECC in 2017. Since that point Greg (main developer), his team and the newly grown community is working hard to push the project in the right direction: a new website has been set up, whitepaper and roadmap have been released and a completely new wallet (Sapphire) has been developed and will soon be released. Much more will follow... ECC is an open-source, innovative multi-chain platform. Our network operates with a financial core which allows it to function not only as a currency-transferring platform, but will also serve as a solid infrastructure for future commercial technologies. All of our multi-chain services are implemented with extra focus on user-friendliness, as well as offering unlimited commercial potential; all the while, maintaining a safe and decentralized platform. Our developers are currently engineering the multi-chain core with our flagship services such as: file transfer and storage; decentralized messaging and currency transfer; right on top of the blockchain. Our services implement ANS (Address Name Service); which means that users can send and receive coins and data simply by using nicknames rather than the long, cumbersome wallet addresses we are used to seeing. For ECC, this is only the beginning. When development of the multi-chain foundation is completed with our easily-navigable interface and open-source platform, future developers can create new services right on top of our network! Exciting, isn’t it? We think so too. At ECC, we strive to develop ground-breaking innovations; all with absolute privacy and security through our blockchain services.