Latinum Blockchain sustainability

Sustainable, Fast, and Secure: Bitcoin Latinum’s Cutting-Edge approach

Bitcoin Latinum seeks enterprise and consumer adoption by elevating cybersecurity, scalability, and speed compared to Bitcoin. Currently, Bitcoin is not suitable for many practical use cases that would attract companies and their customers alike to adopt it as a form of payment. Many are hesitant to even hold the token, especially as mining-related environmental concerns increase in popularity. Even those who favor Bitcoin recognize that there are a few users that control much of the hash power and thus voting rights. Bitcoin Latinum attempts to corner the large market of potential users by solving these issues. Through governance, power efficiency, low transaction costs, and high speeds, Latinum attempts market penetration with features that traditional Bitcoin lacks.

Latinum plans to achieve user adoption through a three-stage process. Starting with a controlled pre-sale and launch, Latinum is currently moving towards their second stage where consumer level offerings and protocol updates attempt to bring in new users. At this stage enterprises and consumers alike can join with confidence that the governance protocol will favor them more than traditional Bitcoin works. In this same stage Latinum will add support for token exchanges, allowing users to trade Latinum with many other cryptocurrencies. Additionally, 80 percent of Latinum’s presale supply will support the underlying value of the token. Stage 3 has some ambitious features planned like Lightning Networks, Sidechains, and Decentralized Exchanges; however, they require a successful completion of Stage 2. Successful user and enterprise adoption ensures proper protocol evolution as well as a stable protocol and governance.

Governance tokens have grown in popularity; however, the concept has not been adopted in Bitcoin since it is much newer than the original token itself. Instead of voting weights designated by total hashing power, governance tokens weight a user’s voice by token holdings. Due to the multi-stage rollout of Latinum, those who get in earlier will have higher governance. Those who vote help develop a secure protocol that not only keeps token holding secure, but also support the competitiveness of the cryptocurrency as well. This is not to say that Latinum is an inherently risky token that needs rules built around it, since it is the world’s first insured digital asset with up to 1 billion dollars ensured in the currency. Consumers should feel confident that not only their holdings are safe, but also that the protocol is built to overcome and adapt any issues it may encounter.

The Latinum blockchain attempts to disrupt 4 major industries including Media, Gaming, Cloud Computing, and Telecommunications. These four industries will all benefit from the features that Latinum offers compared to traditional Bitcoin. Each industry can govern the token to help the protocol support each individual industry need. The consumers in these industries will also have an increased incentive to buy Latinum once it reaches industry adoption. To attain the best attainable level of governance, beating the industries and enterprises to Latinum is crucial. Afterall, Latinum was developed for the users in many popular industries, which is why the currency is built to support them.

Bitcoin Latinum next generation approach to corporate crypto adoption

Bitcoin Latinum: The Sustainable and Efficient Approach to Corporate Crypto Adoption

Scalability is a growing concern for Bitcoin as its popularity grows. Many blockchain enthusiasts have concerns about Bitcoin’s longevity. In recognition of Bitcoin’s shortcomings, but inspired by Satoshi Nakamoto’s vision for a cashless, peer-to-peer financial system, Bitcoin Latinum implements necessary algorithmic enhancements, putting scalability and security concerns to rest.

Bitcoin runs on Proof of Work (PoW network) where consensus is determined by hashrate. PoW systems demand massive amounts of computational power, which is used to solve a math problem for each block. Cambridge University conducted a research project which estimates miners use more than 120 Terawatt Hours (TWh) per year. If Bitcoin were a country, it would be in the top 30, nearly as much as Norway’s, which uses 130 TWh annually. Unfortunately, a large majority of this power is generated by burning fossil fuels; one study conducted by the University of New Mexico estimates that every dollar of Bitcoin mined causes 49 cents in climate and health damage to the United States alone. It is difficult to fully calculate the impact on our environment caused by Bitcoin miners.

Bitcoin suffers from low transaction processing speeds, commonly caused by transactions per second (TPS) demand rising above Bitcoin’s limit of around 3 TPS. As a result, transactions can take hours or even days to process. Using Proof of Stake (POS) validation, Bitcoin Latinum is capable of more than 10,000 transactions per second.

Bitcoin Latinum’s PoS Algorithm is capable of greater transactions per second than Bitcoin’s; it also demands nearly no electricity. Instead of having power-hungry computers compete towards block publishing, PoS has validator nodes. To become a validator and contribute to publishing blocks, all that is required is for a user to own Latinum. The Ethereum team has claimed PoS to cut down on electricity use by 99%. Each blockchain validator can be hosted on a computer that uses less electricity than charging a laptop. PoS is also beginner-friendly as you can stake your Latinum in a shared pool where the pool owner does all the setup, making mining accessible to all skill levels.

Bitcoin Latinum takes various technological approaches to address the critical issues that have been discovered with Bitcoin over the past 12 years, such as slow transaction speeds, high transaction fees, high energy usage, hardware and energy centralization, and long block times. With Bitcoin Latinum’s next generation enhancements to the blockchain, LTNM achieves a more efficient, affordable, and sustainable solution for widespread crypto adoption.