Bitcoin Latinum is the future of Bitcoin. It is the next generation, insured asset-backed cryptocurrency. Built on the Bitcoin network, it is comparatively greener, faster, cheaper and more secure than Bitcoin. The team behind it intends to bring change in transactions to the gaming, cloud computing and media industries.
The Greener Bitcoin
Bitcoin Latinum has taken a very difficult objective – a zero carbon footprint. They aim to attain this objective by deploying an environmentally friendly strategy using a Proof of Stake (PoS) algorithm.
PoS algorithms rely less heavily on electricity than Proof of Work (PoW) algorithms. Hence the need for heavy weight equipment that can damage the environment is eliminated. Instead, users participate in validating the transactions by staking a portion of their tokens. Hence an energy efficient blockchain network is enabled and fully functional.
The project is fully committed to the use of cryptocurrencies in a sustainable manner and is in support of the Crypto Climate Accord.
More Decentralisation
The use of PoS creates more inclusivity for the crypto community. As anyone can actively participate in the blockchain rather than only individuals who have heavy computing equipment.
With easy access, there are more participants who are actively taking part to reap the benefits of staking. This promotes decentralisation.
Superior Performance
Bitcoin Latinum delivers much more superior performance compared to Bitcoin and Ethereum. It even offers lower transaction fees compared to PayPal, Visa and Mastercard.
See how Bitcoin Latinum outperforms others down below –
Asset-backed cryptocurrency
Users of the network are protected under a comprehensive insurance program in the event of a hack or theft. The nodes have even implemented workload protection strategies. All nodes are required to meet the network’s requirements to become an “approved party” to access the consensus network.
Closing thoughts
Bitcoin Latinum is a very futuristic project that aims to close up all the flaws and loopholes of the original Bitcoin network. It does present itself as a better alternative in terms of transaction speed and fees. However, it is not nearly as decentralised and secure as the Bitcoin network itself.
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