What is Bitcoin Latinum?

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. 

Bitcoin is available for you to buy, sell and trade on our ZebPay platform. You can now own Bitcoin for as small amounts as ₹100!

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

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