Unlike Bitcoin, LTNM is transparent in its project development through presenting the cryptocurrency founders. The organization specializes in the development of blockchain technology, providing development and consultancy services. LTNM has been built by the Monsoon blockchain cooperation. The true identity of Satoshi continues to be debated upon, as the creator remains anonymous. How does LTNM vary from BTC? Creator(s)īitcoin was created by Satoshi Nakamoto. This is enabled through the implementation of new proof-of-stake technology.
#LATINUM BITCOIN CODE#
Therefore, this allows the original Bitcoin code to be used in the manner it was originally intended to be used in – as a P2P currency. Theoretically, this makes Bitcoin Latinum (LTNM) fast, cheap to use, and green. However, the evolution of Bitcoin has seen it shift into a hedge against inflation with the earned title of “digital gold.” Due to slow transaction speeds and high transaction costs, the Bitcoin network cannot be used for small to medium payments.īitcoin Latinum effectively shifts Bitcoin from a PoW consensus algorithm to an MPoS one. So, is Bitcoin Latinum another Bitcoin code-based cryptocurrency destined for failure? Or does the LTNM have a place among the giants of the cryptocurrency world? What is Bitcoin Latinum?īitcoin was originally intended to be a peer-to-peer (P2P) monetary system. Bitcoin Latinum is the latest attempt at taking the Bitcoin code and trying to make it better.
No Bitcoin hard forks are in the top 15 by market capitalization, many are not even within the top 100.
Every single attempt so far has ended in failure. Many have created Bitcoin hard forks in an attempt to overthrow Bitcoin from its top spot, typically pointing towards these issues. Despite this, many point towards Bitcoin’s issues surrounding transaction speed, PoW, energy usage, etc. During the entirety of the cryptocurrency market’s existence, Bitcoin has been the largest cryptocurrency by market capitalization. Since 2009, we have seen numerous projects succeed but also fail. The creation of Bitcoin was the foundation of the cryptocurrency industry.
In 2008, Satoshi Nakamoto released his whitepaper for Bitcoin, with the genesis block being mined in January 2009.
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