While there is no denying that cryptocurrencies are on a roll and will eventually see mainstream use for all financial transactions, there is also no denying that popular cryptocurrencies such as Bitcoin and Ethereum are facing several challenges. The architecture of these cryptocurrencies was not designed to uphold a large amount of traffic it is witnessing today. As a result, they are facing network congestion making them inefficient and costly.
There is a dire need to optimize their algorithms and network so that they can become sustainable. Bitcoin Latinum has developed an advanced algorithm that acts as an example of how cryptocurrencies must operate to ensure a profitable future for the crypto ecosystem.
What is Bitcoin Latinum?
Bitcoin Latinum is a hard fork of Bitcoin that uses an enhanced version of the Bitcoin blockchain, making it faster, greener, scalable, sustainable, and transparent.
Bitcoin Latinum has developed a groundbreaking, sustainable and greener Power-friendly Proof of Stake consensus algorithm that works in accordance with the project’s commitment to sustainable environmental practices.
However, the most noteworthy feature about Bitcoin Latinum is its Workload Protection Strategies that ensure the network’s safety and optimization.
Workload Protection Strategies
Bitcoin Latinum implements a Workload Protection Strategy that helps to secure the network. According to this strategy, Bitcoin Latinum has set up minimum requirements a node must meet to become a part of the development of the ecosystem. A node can be best explained using the reference of a Bitcoin miner.
As Bitcoin miners compute transactions and record them on the Blockchain, a node helps develop the Bitcoin Latinum network. However, in Bitcoin mining, anyone can become a node or a miner if they have the right hardware and software. This lack of a gauging mechanism has not only caused network congestion on Bitcoin but also allows unreliable elements to become a part of the network.
Bitcoin Latinum weeds out the unreliable and inefficient nodes and only adds certain nodes to the “Approved Party”. This approved party then accesses the consensus mechanism of Bitcoin Latinum and helps strengthen and develop the ecosystem.
Bitcoin Latinum also features a distributed transaction firewall that blocks any suspicious agent and activity to keep the network safe and tamper-free. Several blockchain projects have been the subject of internal collusion or external theft that caused the community members to lose all their holdings. Bitcoin Latinum uses a comprehensive insurance program to protect its community and their interest.
These workload protection strategies are robust enough to make Bitcoin Latinum one of the strongest competitors in the market. However, Bitcoin Latinum went all aboard and added more benefits to the mix, such as its greener, energy-efficient consensus that reduces the cryptocurrency’s carbon footprint.
Also, Bitcoin Latinum offers faster transactions using its on-chain payment network that has increased transaction volume capacity. This payment network also reduces the cost of transactions by using various mechanisms such as the energy-efficient consensus protocol, approved node configuration, and high-performance node interconnection.
Bitcoin Latinum is a future-enabled platform in a true sense that caters to Media, Cloud and Gaming verticals. For more information about the project, visit https://bitcoinlatinum.com/.