Bitcore Profile (BTX)
Project Safety Score
Sun, Oct 24, 2021 3:48 AM
BitCore is a cryptocurrency that is a UTXO fork of Bitcoin. Although you hear about hard forks, many people only know about hard Bitcoin forks, such as Bitcoin Cash and Bitcoin Gold; in contrast, few people know about BitCore or hybrid forks. Using Bitcoin's source code and technology, BitCore created a new blockchain; it made sure that the blockchain size was smaller and scalability was better. In addition, block timings are faster than Bitcoin, making mining ASIC-resistant as well. BitCore created a new blockchain on April 24, 2017. It took a snapshot of Bitcoin transaction and created 5 million transactions to fill all public addresses belonging to people who own 0.01 BTC or more. The funding ratio is 0.5 BTX: 1.0 BTC, but if you held bitcoins at the time of the snapshot, then you can apply for your share of BTX at a 1:1 conversion until October 30. BitCore is the first cryptocurrency that is a UTXO fork. But it is more than just a hybrid fork. It has tried to improve Bitcoin and solve the problems that plague it. For example, BitCore uses the MEGA-BTX consensus algorithm that is ASIC-resistant. This means that centralization of mining power is not possible, as the playing field is level and everyone has more or less the same opportunities. In addition, BitCore has 10 MB Segwit-enabled blocks that make the network capable of handling 17.6 billion transactions per year or 48 million transactions per day. BitCore is a cryptocurrency that promises a lot, especially with the new implementations that have made it algorithm and Masternodes platform, giving the entire crypto community the opportunity to mine BTX with PoW or Masternodes, even BTX holders can mine it with both PoW and Masternodes.
Read more in the whitepaper:
Bitcore Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Bitcore Safety Report
Bitcore has a safety score of 4.26
Bitcore is a nano cap coin.
Bitcore is suited to a balanced investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
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Bitcore Red Flags
There are currently no Bitcore red flags.
Bitcore Development Score
The Bitcore project has 53 active source code repositories.
The most recent commit was Fri, Feb 26, 2021 10:48 AM
- 281 Watchers
- 284 Stars
- 674 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- good mentionable users
- very low stars
- very low watchers
- no repo stars
Bitcore Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!The overall sentiment is average indicating that this project could be spoken about more positively and more in the community. In general as the popularity of a project grows and as main stream awareness grows this score will go up. But conversely as people loose interest and stop talking about this project or if things take a turn for the worse then this score will go down.
- The overall sentiment is average
Bitcore Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Bitcore?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Bitcore has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- extremely high gitHub account watchers
- very poor reddit articles
- no search result count
Bitcore Awareness Score
The awareness score indicates how well Bitcore is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Bitcore is but a good measure of longevity is how well the project is known by the general public.
Overall Bitcore this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- no search result total
- very poor news articles mentioning Bitcore
- poor news articles directly about Bitcore
Bitcore Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Mature project age (released Apr 27, 2017)
Bitcore Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Bitcore Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
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Market Cap Rank:
Bulls v Bears:
BitCore Price Down 40.5% Over Last Week (BTX)Sat, Oct 23, 2021 6:46 PM
Read BitCore Price Down 40.5% Over Last Week (BTX) at Community Financial...read more...
BitCore Market Capitalization Reaches $3.63 Million (BTX)Sat, Oct 23, 2021 3:00 AM
Read BitCore Market Capitalization Reaches $3.63 Million (BTX) at WKRB...read more...
BitCore (BTX) Reaches 1-Day Volume of $369 454.00Thu, Oct 21, 2021 7:04 AM
Read BitCore (BTX) Reaches 1-Day Volume of $369,454.00 at American Banking...read more...
BitCore (BTX) Trading 16.8% Higher Over Last 7 DaysTue, Oct 19, 2021 10:52 AM
Read BitCore (BTX) Trading 16.8% Higher Over Last 7 Days at American Banking...read more...
BitCore Market Capitalization Tops $3.63 Million (BTX)Mon, Oct 18, 2021 1:38 PM
Read BitCore Market Capitalization Tops $3.63 Million (BTX) at Ticker...read more...