Bitcore BTX to Populous PPT Exchange

Crypto Pair Details: BTX to PPT

Bitcore BTX

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.

Populous PPT

Populous is a peer-to-peer invoice platform founded in 2017 at a high point in the blockchain and cryptocurrency craze. It makes use of blockchain's distributed ledger technology to provide a global trading platform for invoice financing. According to the Populous website, 'invoice finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon.' In order to offer funds to invoice sellers, Populous maintains a Liquidity Pool. This is tied in with the Populous cryptocurrency (PPT). An investor securitizes PPT by making an initial purchase. PPT is then held in escrow as collateral throughout the process. Transactions between invoice buyers and sellers take place with Pokens, exchanged for PPT and used as the currency for buying and selling invoices, either drawing from or contributing to the Liquidity Pool in the process. As a result of this built-in liquidity component, Populous at this point requires no transaction fees. In fact, the only fees levied are those associated with late payments. Populous invoice transactions can cover a huge array of industries, including many which are not typically available to traditional financing companies. The PPT tokens not released during the ICO were retained by the founding and development team. PPT can either be held or used as collateral to invest in Populous invoices. In exchange for collateralizing, you’re given an amount of Pokens based on a percentage of market value. Currently it’s the lesser of 50%, or a 30 day market average. These are automatically used to purchase an invoice. If the invoice is repaid, you receive both your PPT investment and Pokens profit.

SOURCE: COINGECKO

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