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Bytom (BTM) is a cryptocurrency and blockchain platform designed to facilitate the exchange of digital assets and atomic assets between different chains and protocols, such as Bitcoin and Ethereum. Bytom is a decentralized platform that enables users to register and exchange digital assets, such as tokens, bonds, and other financial instruments, in a secure and trustless manner.
Bytom was founded in 2017 by Chang Jia, a Chinese entrepreneur who had previously founded 8btc, a popular Chinese cryptocurrency news and discussion website. Bytom is based on a hybrid consensus protocol, which combines both the traditional Proof of Work (PoW) and the more advanced Delegated Proof of Stake (DPoS) consensus mechanisms.
Bytom is designed to bridge the gap between digital and physical assets, allowing users to register, exchange, and transfer digital assets on the blockchain. The platform also supports the issuance of digital assets, such as tokens and bonds, as well as the trading of these assets. Bytom also provides a development environment for the creation of decentralized applications (dApps).
Bytom has a native token, BTM, which is used to pay transaction fees and incentivize miners. BTM can also be used to purchase services and products on the Bytom platform. BTM is listed on a number of cryptocurrency exchanges, including Binance, Huobi, and OKEx.
Bytom is a relatively new cryptocurrency, but it has already seen some success. The platform has seen a rapid increase in its user base, and it has also seen a surge in its market capitalization, reaching a peak of over $1 billion in 2018. Bytom is also supported by a number of major industry players, such as OKEx and Huobi, which have helped to give the project more credibility.
Bytom is a promising project that has the potential to revolutionize the way digital assets are exchanged and managed. The platform has a number of features that make it attractive to both individual users and businesses, and it is well-positioned to become a major player in the cryptocurrency space.