What is Bytom?
Bytom (BTM) is an open-source blockchain protocol that aims to bridge the gap between digital and physical assets. It enables users to register, exchange, and interact with digital assets in a secure and efficient manner. Bytom was created by Chang Jia, founder of 8btc, a Chinese Bitcoin news website. The project was launched in 2017 and has since gained significant traction within the crypto community.
Bytom’s main goal is to create an interoperable network that allows different types of digital assets to be exchanged between different blockchains. This will enable users to move their assets from one blockchain to another without having to go through a centralized exchange or other third-party service provider. In addition, Bytom also provides smart contracts for asset management and token issuance.
Bytom also provides a platform for developers who want to build decentralized applications (dApps). These dApps can be used for various purposes such as financial services, gaming, social networks, data storage, and more. The platform also supports atomic swaps which allow users to trade tokens without having to trust any third party.
Bytom’s native token BTM is used as a medium of exchange on the network. It can also be used for staking which gives holders voting rights on certain decisions made by the network such as changes in consensus algorithms or new features.
By utilizing its innovative technology stack, Bytom seeks to revolutionize traditional finance by providing a secure and efficient way for users to manage their digital assets. For more information about Bytom please visit http://bytom.io/
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