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What is Bitcoin Latinum?
Bitcoin Latinum ($LTNM) is a bitcoin hard fork that aims to continue the concept of Bitcoin as a decentralized and peer-to-peer electronic cash system. Bitcoin Latinum addresses the challenges of scalability and transaction speed faced by its predecessor, Bitcoin, while also focusing on cybersecurity and digital asset management.
Bitcoin Latinum introduces a DeFi transaction network that enables secure and nearly instant digital asset sales in the fields of Media, Cloud, and Gaming. The network utilizes a consensus model similar to Proof of Stake (PoS), which allows token holders to participate in the network and earn a yield on their holdings.
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What is Bitcoin Latinum?
Bitcoin Latinum (LTNM) is a bitcoin hard fork that aims to continue the idea of Bitcoin as a bankless and peer-to-peer electronic cash system. It is a next-generation Bitcoin hard fork capable of handling large transaction volumes, cybersecurity, and digital asset management. The goal is to solve the scalability and TPS rate issues of its parent cryptocurrency, Bitcoin.
Bitcoin Latinum has also taken a groundbreaking green initiative by implementing a power-friendly consensus protocol system to achieve a carbon net-zero footprint. The intention is to introduce a new paradigm for cryptocurrency utility, offering stability, low fees, high scalability, and higher transactions per second.
Bitcoin Latinum (LTNM) has the following unique features compared to other cryptocurrencies:
Greener, Energy-Efficient Consensus Mechanism - Bitcoin Latinum enforces network nodes' capability and connectivity rules to improve the overall performance of the verification network.
Secure - Bitcoin Latinum nodes implement workload protection strategies to secure the network. All nodes must meet network requirements to become an "Approved Party" and access the consensus mechanism, further strengthening the ecosystem. Additionally, Bitcoin features a distributed transaction firewall to safeguard the network.
High TPS Rate - Bitcoin Latinum offers a highly scalable network that supports millions of transactions per day to facilitate retail transactions. It also adopts a larger block size to ensure the network can handle more transactions per minute at lower transaction fees.
Fixed Low Fees - Bitcoin Latinum reduces the cost of Bitcoin transactions from an average of multiple dollars to cents per transaction. This is achieved through mechanisms such as the energy-efficient consensus protocol, approved node configuration, high-performance node interconnection, larger block size, and shorter confirmation time.
DeFi-Enabled - Bitcoin Latinum establishes a DeFi transaction network that enables secure and near-instant digital asset sales in media, cloud, and gaming. The network utilizes a PoS-like consensus model, potentially allowing token holders to earn yield on their holdings.
Community Governed - Bitcoin Latinum utilizes a representative government model to enhance security in its ecosystem. The goal is to protect Bitcoin Latinum from 51% attacks.
Insured - A comprehensive insurance program is in place to protect Bitcoin Latinum holders from internal collusion or external theft. Marsh & McLennan, a leading insurance broker and risk adviser, has arranged a comprehensive insurance program for Bitcoin Latinum through their Asia division, Marsh Asia. The aim is to secure the community from any possible unfortunate events in the near future.
Bitcoin Latinum targets multi-billion dollar markets such as media, gaming, cloud computing, and telecommunications.
Where can I buy Bitcoin Latinum (LTNM)?
LTNM will soon be available for trading on a large number of exchanges.
New to cryptocurrency? Read BYDFi's easy guide to buying Bitcoin or any other token.
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