Purpose

Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.

The Bytom platform is built on a 3-layer structure:

1. The application layer which supports the development of programmable Dapp, calling contracts for asset registration, written-off, trading and dividends distribution

2. The contract layer which supports the account system and contract coding

3. The ledger layer (data layer) which is the permisionless public blockchain layer and where the PoW consensus takes place

 

Bytom Strengths

– Bytom solves the problem of registration and circulation of digital assets

– Through the use of a “general address format”, the native wallet that is provided to customers is able to provide support for a wide range of currencies

– Bytom has been designed to work in unison with the UTXO model which means it is compatible to Bitcoin tools and protocols

 

Weaknesses

– No live network and no precise date on its release

– Making a platform where securities, bonds and other assets are traded implies many regulations and legal actions

 

Network Status

The alpha has been up since September. The mainnet is going to be released in 2018.

 

Roadmap

In 2018, Bytom intends to release their mainnet, work on expansibility, multi-asset lightning network, crosschains and the expansion of the Bytom ecosystem.

 

Governance

BTM uses a PoW consensus protocol that is friendly to AI ASIC chips. Matrix and convolution calculation is introduced into the hashing process so that the miners can be used for AI hardware acceleration services, generating additional social benefits. 33% of all tokens will be given as mining rewards.

 

Similarities

Bytom is similar to ACChain and BlockV since they are aimed at digitalizing assets and trading them on the blockchain.

 

Notable partnerships

BTM is in partnership with ImToken and COOIX.

 

Exchange

BTM is traded on Huobi, CoinEgg, OKEx, Bebox and HitBTC.

 

Stack

Bytom is a protocol layer built on top of their own blockchain.

 

Community

Twiter: 8 714 followers
Reddit: 1 556 subscribers

 

Price history

Mar-14th-2018: 0.36 USD
Feb-2018: 0.39 USD
Dec-2018: 0.11 USD
Oct-2018: 0.10 USD

This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

 

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.