WAX WAXP to Bitcore BTX Exchange

Crypto Pair Details: WAXP to BTX

WAX WAXP

'WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is fully backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain's usability in e-commerce, and encourage voting on guilds and proposals. WAX has created a suite of blockchain-based tools upon which dApps, marketplaces, and native non-fungible tokens (NFTs) are built. These tools include services to support e-commerce operations such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with 500 millisecond block times, is fee-less for customers, and leverages voting rewards to incentivize participation in the selection of block producers and proposals' '

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.

SOURCE: COINGECKO

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