Bytom is a cryptocurrency project that aims to bridge the world of traditional assets and decentralized blockchain technology. It focuses on creating a secure and reliable platform for the exchange and management of various digital and physical assets.
Bytom operates on its own blockchain and utilizes a unique consensus algorithm called Proof of Asset (PoA). This algorithm enables users to register and exchange assets on the blockchain, increasing transparency and efficiency in asset transactions.
Through Bytom's platform, users can tokenize and trade various types of assets, including cryptocurrencies, virtual game assets, and real-world assets like property or commodities. This allows for increased liquidity and accessibility to traditionally illiquid assets.
Bytom also offers smart contract functionality, enabling developers to build decentralized applications (DApps) on top of its blockchain. These DApps can facilitate a wide range of use cases, such as decentralized finance, supply chain management, and more.
Bytom's native cryptocurrency is called BTM. It serves as a medium of exchange within the Bytom ecosystem and also plays a vital role in securing the network through staking.
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