Bytom Cryptocurrency Review
What is Bytom?
It is mainly an interactive protocol having multiple byte assets. Not only it has passed the Howey test conducted by the US Securities Regulatory Commission but also it has shown an impressive result in following every available rule.
Though its value has been well below the one dollar mark for most of the months of 2017, everyone believes that once its feature takes shape, it does not have an equal view in the cryptocurrency market.
Between October 2017 and January of 2018, Bytom experienced huge growth about 3000% which made people take extra care of this massive potential cryptocurrency.
You can easily buy this cryptocurrency via brokers, exchanges, those who already have Bytom, ATMs etc. Like all other cryptos, you have to have a cryptocurrency wallet. The transaction charges are also less than the charges by banks.
Potency of Bytom
Everyone look at the value of a crypto before buying it. The value of Bytom grew rapidly between the last quarter of 2017 and January of 2018.
Now the question is that it is profitable or not. As an investment platform, it has really the capacity of delivering a high level of profit to the users.
Its structure and the highly enthusiastic team is the reason for its success. Recently many corporates are starting to develop an interest in Bytom. That means it is just a matter of time before they start accepting BTM for payment.
The main mission of Bytom is helping to bridge the digital and physical worlds by creating a decentralized network. This platform facilitates exchange and flow of byte information and byte assets that have value attributes and using smart contracts to create new byte assets.
Like other cryptos, it also uses blockchain technology. It employs three layers in its blockchain model which are designed to help manage the different assets in an efficient and secure way.
Now, Bytom is regarded as a better network than Bitcoin. Can it deliver the same growth demonstrated by bitcoin? That will be clear if we know the advantages of Bytom network.
Users can keep their identity anonymous which is also a sure way of sending funds at lower costs. You can have the total control over the network and allow the people to use and own the network. At last, you need not worry about third-party seizures.
Besides, it is also important to know about the risks that can come with its network. Like other cryptos, it is subjected to high market volatility. Also, the risk of getting attacked by hackers cannot be avoided. Again there is a risk of sending BTM to the wrong address, the danger of the looming regulations. At last, there is also the threat of new and more appealing cryptocurrencies entering the market.
Bytom does not have any consumer protection. This implies that you are on your own if anything goes wrong.
But Bytom has won the tag of one of the most secure cryptocurrencies out there because of no attack incident.
It has not yet been hacked once. Even as other cryptocurrencies continue struggling to win users trust, Bytom is easily winning more on its side.