Bytom Coin Advantages and disadvantages

You only have to buy a small amount of Bytom Coin to use the features of the platform. After all, you can also earn the coin on the blockchain by paying a dividend or by mining and the coin only fulfills a few functions that are supposed to maintain the network. What this means is that the coin itself has no great intrinsic value. However, this has not prevented the price from developing well so far.

The wallet can store various currencies, not just crypto currencies. Finally, it was created to manage these currencies as assets. The ability to manage the wallet using multiple keys allows a high degree of control and flexibility at the same time. A wallet can be used by a private individual and at the same time release parts of it for the management of public assets.

Of course, Byt/om is not the first blockchain that allows the management of assets. However, the potential scope of asset management via Byt om is much greater than on other platforms. This is because Byt/om also focuses on physical assets rather than purely digital ones. Governments, individuals and businesses will want to connect more and more assets to the blockchains in the future. And Byt/om could be exactly the platform for that. But the development isn’t finished yet and you have to wait a bit to see if everything will work the way the team imagined it would.

Bytom Course and the Bitcoin revolution

For the first time the crypto currency could be traded on November 9, 2017. There it was still worth 11 cents. In the course of November, the coin fell below the 10 cents, then down to up to 8 cents. At the beginning of December the Bitcoin revolution BTM coin experienced a slight ascent, back to 11 cents. Then the price suddenly rose to 16 cents, then fell slightly and began from the middle of the month a continuous price increase, which stopped only before Christmas. Almost 40 cents per coin could reach the crypto currency. After the holidays, the price fell somewhat and fluctuated between 29 and 36 cents.

In January 2018 the hype around the crypto currencies found its climax for the first time and also the crypto currency was seized by it. First the course rose on 50 cent per Coin and a few days afterwards it was nearly 60 cent. Then the Bytom Coin course sank again down, but so it went nearly all crypto currencies at this time. In the following January and February days the Coin usually quoted around 30 cent.

To the Bytom prognosis: In the new year the crypto currency notes substantially better than still in the year before. Nevertheless, it is still a little too early to make a statement about the future of Byt/om on the basis of the price. Presumably the price will follow the general developments on the crypto market for a while until the blockchain will be completely ready for use and will find wide applications. Until then the price can fall or rise again.

Create Bytom Coin Wallet

An own wallet does not exist yet. Instead the MyEtherWallet offers itself as an alternative, if you want to store Bytom Coins. To create these, you only have to click on the „Create New Wallet“ page of the wallet and download the keystore file. You need this to get access to the wallet. You also get the private key and the address of the wallet.

Where can I buy the Bytom Coin?
If you want to buy Bytom Coin, you can contact Huobi,, Bibox, KuCoin, Big One, HitBTC, Cryptopia and Ether delta. Usually you have to exchange the crypto currency for Bitcoins or Ether. The purchase with dollar is possible on and HitBTC.

Conclusion Bytom Coin
Bytom is a promising project that could become an important part of the financial world. After all, it is another step towards expanding the application areas of crypto currencies and connecting them to the physical world.

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SmartCash Coin – Decentralized & Democratic Crypto Currency

The SmartCash coin, also known as SMART, is a democratic crypto currency that grants its users many co-determination rights. The blockchain enables elections and votes and at the same time rewards users fairly for participating in the platform. At the same time, fast and secure transactions are offered.

Everipedia writes on

SmartCash (ticker symbol: SMART) is a crypto currency that uses the SHA-3 algorithm: It was first announced on June 24, 2017. The maximum coverage is set at 5,000,000,000 SMART. On December 28, 2017, the volume outstanding was 520,499,451 SMART.

Like many other crypto currencies, the SMART coin can also be used for payments. One of the features of the crypto currency is „InstantPay“. This makes almost immediate payments possible. The feature „Renew“ encrypts the transactions. Renew uses the Zerocoin protocol. Behind this protocol lies a complicated procedure in which the transferred coins are split up and sent in their individual pieces. Thus, the transaction history is no longer traceable. The Zerocoin protocol nevertheless makes it possible for the coins to arrive at the correct address and in the correct quantity. Mining is also possible to earn a few Smart Cash Coins.

According to the developers, mining is designed to be egalitarian in order to prevent centralistic tendencies. The concept is called „SmartRewards“. Every month, a snapshot is taken of the blockchain and 15% of the revenue is distributed to all those who hold at least 1000 Smarts in the wallet. This should guarantee a certain price stability. The holding period of the coins is increased by this measure and short-term sales of the coins are prevented. Only 5 of the 15% go to the miners and the rest to the SmartNodes, which perform infrastructure tasks.

The core of the development is decentralized administration. With „SmartHive“, the users who hold the coin in the Smart Cash Wallet can take part in the votes on the future of the block chain by submitting their own topic suggestions. Anyone can take part. The elections are carried out via the „SmartVoting“ system. Every user of Smart Cash is allowed to vote on the topic proposals. After all, it is the „Hive Structuring Teams“ that are involved in implementation and planning.

SmartCash Coin and Ethereum code – Who is behind the crypto currency?

These teams work on the development and support of the Ethereum code blockchain. As the blockchain community grows, more teams will be formed. 70% of the revenues from the Blockreward can be used by the small team to implement the regulations. This includes paying developers, supporting the community or planning events. Smart Cash is based on decentralized self-management by the users and on democratic decisions.

However, development is not yet complete. SmartPay has yet to be implemented and a Smart Card and Merchan Reader will be added later. A mobile SmartCash Wallet will also follow.

SmartCash should live from the users alone and be able to develop autonomously. In such projects, where anonymity and the concept of cryptography in crypto currencies are particularly important, many teams prefer to remain anonymous. This also applies to SMART Coin development. On the developers‘ side there are only a few pseudonyms.

However, the team is not hiding. In the SmartCash Monthly Report it reports regularly and informs the users about new developments. The developers communicate on different social media with all interested parties.