BitCore is a cryptocurrency that was launched on April 24, 2017, as a UTXO fork of Bitcoin. It utilizes Bitcoin's source code to establish a new blockchain designed with a smaller size and improved scalability. The project created a snapshot of Bitcoin transactions and allocated 5 million transactions to public addresses of users holding a minimum of 0.01 BTC. A funding ratio of 0.5 BTX for every 1.0 BTC was established, and BTC holders could convert their coins to BTX at a 1:1 ratio until October 30.
The consensus algorithm employed by BitCore is MEGA-BTX, which is ASIC-resistant, ensuring decentralized mining opportunities. It features Segwit-enabled blocks with a size of 10 MB, purportedly allowing the network to accommodate a high volume of transactions, estimated at 17.6 billion annually. BitCore supports mining through both Proof of Work and Masternodes, enabling further participation from BTX holders.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
