BitCore (BTX) is a cryptocurrency that is a UTXO fork of Bitcoin (BTC). The BitCore ecosystem being a hybrid fork of Bitcoin, wants to improve and resolve existing problems of the Bitcoin blockchain. UTXO refers to an amount of unspent digital currency left after making a cryptocurrency transaction. The BitCore platform aims to leverage the cutting-edge source code and technology of Bitcoin to create a new blockchain with shorter block times and higher scalability.

BitCore utilizes a proof-of-work (PoW) consensus mechanism while employing all the BIPs (Bitcoin Improvement Proposals) for a future-proof Bitcoin version. The BitCore project offers decentralization and user-empowerment components such as the following: The website states BitCore uses a MEGA-BTX consensus algorithm, an ASIC (application-specific integrated circuit) resistant algorithm. This algorithm boosts community participation while standing against centralization effects in mining. The Bloom filter application of BitCore allows for a reduced storage size to run a full blockchain node. Bloom filters are known to speed up synchronization of SPV (simplified Payment Verification) or light wallets for empowering new user participation for BitCore. BitCore has deployed SegWit to help make its blockchain faster than Bitcoin. The website states that the platform has 10 MB SegWit-based blocks to enable the network to handle 48 million transactions per day.

BTX is the native token of the BitCore network and has 16.2 million BTXs pre-mined by the platform. The platform token is distributed in the following ways: 

According to the website, Chris and Jon are the founders of BitCore and launched the platform on April 24, 2017. BitCore held the one-to-one claiming event with Bitcoin from April 2017 to November 2, 2017.

The BTX token has a maximum supply of 21 million tokens.

We update our BitCore to USD currency in real-time. Get the live price of BitCore on Coinbase.

The current market cap of BitCore is $1.372M. A high market cap implies that the asset is highly valued by the market.

The all-time high of BitCore is $0.0891. This all-time high is highest price paid for BitCore since it was launched.

Over the last 24 hours, the trading volume of BitCore is $0.00.

Assets that have a similar market cap to BitCore include Baidu Tokenized Stock (Ondo), Bitcicoin, Cycle Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of BitCore is 20 million.