Bitcoin Latinum partners with The H.Wood Group

In an exciting turn of events, Bitcoin Latinum is partnering with the world-famous luxury hospitality and lifestyle company, The H.Wood Group. The H.Wood Group, based out of Los Angeles, is a well-renowned hospitality company that combines luxury food with innovative concepts and warm hospitality to provide a unique experience.

The partnership between Bitcoin Latinum and The H.Wood Group will result in the next-gen Bitcoin being accepted across the entire chain and several cross-promotional marketing initiatives. Both the platforms will benefit by introducing their services to a new genre and pitch to the respective clienteles.

What does the partnership entail?

The partnership between Bitcoin Latinum and The H.Wood Group will involve several marketing initiatives, event sponsorships, and endorsements. The H.Wood Group will allow the guest to pay for tables, drinks, food, and merchandise using Bitcoin Latinum with Bitcoin and Ethereum Tokens.

This partnership is a vital step for both companies to expand their horizons. The co-founder of The H.Wood Group, John Terzian, expressed his excitement about the partnership,

“As entrepreneurs, Brian and I have always looked into the future rather than getting stuck in old ways. We are constantly watching, learning and adapting. Crypto and blockchain are the future in many ways and we want The h.wood Group to be ahead of the curve. We are excited for this endeavor with Bitcoin Latinum,”

Cryptocurrencies are gradually integrating with different industry verticals, and the hospitality and entertainment sector is one of the busiest industries. By integrating Bitcoin Latinum with a prominent hospitality company, Bitcoin Latinum will open up new opportunities.

“It is an honor to work with great entrepreneurs like John and Brian,” said Dr. Donald Basile, CEO of Monsoon Blockchain Corporation. “We look forward to our partnership, and helping companies and individuals understand the benefits of the blockchain to foster widespread adoption across the entertainment and hospitality industries.”

About The H.Wood Groups

The H.Wood Group is founded by entrepreneurs John Terzian and Brian Toll. They independently own and operate the entire network of restaurants, nightlife, and hotel venues worldwide. The H.Wood Group caters to the needs of celebrities and influencers and has won multiple awards for its unique concepts.

Some of the popular concepts under the company include, The NICE GUY, Delilah LA, Delilah Las Vegas at Wynn Resorts, Delilah Miami, SLAB, Mason, Petite Taqueria, and hospitality venues include Blind Dragon, Bootsy Bellows, Poppy, The Peppermint Club, SHOREbar, 40 LOVE and FOUND Hotels.

About Bitcoin Latinum

Bitcoin Latinum is the next-gen Bitcoin fork that offers faster, cheaper, and greener transactions. LTNM operates on a Proof of Stake consensus algorithm that bypasses Proof of Work’s network congestion and high power usage to offer a safer alternative to Bitcoin while staying true to its fundamentals.

Bitcoin Latinum does not restrict itself to a particular genre, as evident from this partnership with a leading entertainment and hospitality business. The company aims to introduce cryptocurrencies in several sectors such as media, entertainment, gaming, storage, cloud, and telecommunications. Bitcoin Latinum has a thorough roadmap planned which includes more strategic partnerships and launches coming soon.

Bitcoin Latinum in Cloud Computing

Blockchain and the Cloud: How Bitcoin Latinum Can Optimize the Cloud Computing Industry

As seen in prior segments, Bitcoin Latinum’s architecture is engineered to support the media and entertainment, gaming, cloud computing and telecommunications industries. This article will showcase Bitcoin Latinum’s unparalleled utility in the cloud computing space.

Data production increased exponentially over the last decade, igniting exponential growth of the cloud computing industry. Whether at the enterprise or individual level, everyone shares the same desire to protect their data. Furthermore, people desire custom-tailored data storage with enough customizability to support their changing needs for data processing. Cloud infrastructure is made up of a massive network of servers, which is not dissimilar from blockchain technology, which is an immutable data chain that relies on a network of user nodes to govern data storage. The data storage capabilities of blockchain technology make it an alternative to cloud storage, though use of blockchain has yet to be widely recognized as more effective than traditional cloud.

Although cloud dominates the market for digital storage, blockchain has potential to optimize data storage procedures in a more efficient manner. Quite arguably the biggest selling point of cryptocurrencies and blockchain technology is that they are for the most part decentralized, as opposed to cloud, where the biggest players are big tech firms like Amazon, Microsoft, Google, and Apple, respectively. While tech companies have spent billions over decades to establish consumer trust, blockchain only requires trust in the code that regulates the blockchain network’s community. Each ‘block’ of data created requires 51% validation from the network’s consensus mechanism, which governs the data input process and subsequent block creation. The most widely used blockchain networks are so large that a 51% attack on the network is almost impossible.

Blockchain’s node governance of data achieves greater transparency than centralized data storage because its record chain is interactive, unchangeable, and provenly secure. Centralized data storage, on the other hand, is often vulnerable to data breach as the associated software and/or hardware are targets for hackers. Despite blockchain’s apparent benefits, further development, testing, and consumer education are required before it reaches mass adoption.

Effective implementation of cloud-computing on blockchain requires a token faster, and more scalable, efficient and secure than Bitcoin. Groundbreaking in its time, Bitcoin’s code has not changed since inception and largely fails to meet the standards required to make blockchain cloud-practical. The issues with Bitcoin can be solved via a hard fork, where the Bitcoin code is duplicated, allowing a project to diverge based on Bitcoin’s core components.

Bitcoin Latinum is a Bitcoin hard fork that achieves what Bitcoin lacks: scalability, lighting speed, cost-effectiveness, undeniable security, and sustainability. Using the quintessential features of Bitcoin, Bitcoin Latinum increases the speed and efficiency of block creation and validation with potential to bring costs far lower than market leading centralized web services. Bitcoin Latinum’s utility in the media and entertainment, gaming, telecommunications and cloud computing spaces alike will encourage development of a unique arsenal of blockchain applications across several markets. While the Latinum ecosystem is still evolving, the lower costs, undeniable speeds, strengthened security, and sustainable practices of the blockchain are primed for greater market adoption. As industry partnerships grow, greater market integration is on the horizon, making the future bright for Bitcoin Latinum.

Bitcoin Latinum X Nasdaq Recap

On August 16th, 2021, Bitcoin Latinum was part of an insightful interview with Nasdaq Trade Talks. The CEO of Bitcoin Latinum and Monsoon Blockchain Corporation, Dr Donald Basile, talked about the new greener, cheaper and faster cryptocurrency.

Here are a few insights from the interview.

The interview started with the host Jill Halandrino asking about the relation and difference between cryptocurrencies and fiat.

Jill: “Let’s talk about the real use of digital currencies alongside the cash. How do these two exist together?”

Dr Donald expressed the unified interest of the global population in having a digital currency that can be used in day-to-day transactions. However, digital currencies are currently only used for large value transactions such as NFTs or other real-world assets. The use of cryptos for daily transactions such as buying a cup of coffee is still non-existent because of high transaction fees and low speed.

Jill: “What are the issues the industry still faces and how can hardware wallets alleviate those concerns?”

Dr Donald: “Well, I think you have seen recently this week, where a $630 Million hack occurred of digital currency in a DeFi network, and a month ago in South Africa, $3.3 Billion were taken from a single exchange and a month before that in Turkey over 420,000 people reported by Bloomberg lost all their currency.

The issue here is the same, people should understand that in blockchain-based currencies, your money is out in public. It’s like a locked box in a bank, and whoever has the key can unlock it. You never hold it yourself. So what we are talking about is who holds the key to unlock that public box.”

A hardware wallet allows users to keep their keys on their person, ensuring no one can unlock the locked box. In hardware wallets, the locked boxes are kept with the users and not in a public area such as an exchange, making it safer to hack. A hardware wallet comes with a key, biometric lock and pins to ensure utmost safety. Hardware wallets are the solution to these problems, and several popular organizations such as Square corporation showed their support for such wallets and cryptocurrencies on the internet.

Jill: Why do you think Bitcoin Latinum is the next generation Bitcoin?

Dr Donald expressed that while Bitcoin is an amazing innovation and will continue to add value to the crypto ecosystem, Bitcoin Latinum focuses on day-to-day transaction capabilities. As several cities and entertainment hubs such as Las Vegas accept cryptocurrencies, including Bitcoin Latinum, in their clubs, restaurants, etc., the need for a digital currency that can perform daily transactions at low transaction fees and high speed is more important than ever.

Bitcoin Latinum focuses on these areas as it offers low transaction costs and high transaction speed and is backed by assets that support the currency. Bitcoin Latinum is the ideal solution for retail transactions as it will charge pennies for transaction fees rather than dollars that popular crypto charges. This is how Bitcoin Latinum achieves its goal of becoming the next-gen Bitcoin.

Jill: “ Why did Marsh and Mclennan choose Bitcoin Latinum to back?”

Dr Donald: “So I think there is great interest ultimately in bringing insurance products in the industry of digital assets and there is very little of it. But one of the things that is important is that there is actually an asset. So in the case of most currencies and coins, there is nothing behind them. There is zero, they can go to zero, there is no asset backing them. So the first thing you want in the insurance world is an asset that you can actually back. So in the case of the Latinum, a trust fund underlies it like a university trust.”

The trust fund backing Latinum protects against cyber theft and cyber hacks and supports the currency’s value. Additionally, 80% of the transaction fees, which is significantly lower than Bitcoin, is put back in the trust fund to increase the price of Latinum. Additionally, Latinum is backed by security features, speed features and addresses the entertainment industry in which Marsh and Mclennan are already involved.

This concluded the interview between Nasdaq and Bitcoin Latinum. The full interview is available here.

LTNM Gaming

Blockchain and Gaming: How Bitcoin Latinum Can Optimize the gaming Industry

With all the high anticipation revolving around the launch of Bitcoin Latinum, community members are eager to see displays of the token’s numerous use cases throughout the media and entertainment, gaming, cloud computing and telecommunications industries. In this blog series, we have seen the great measures blockchain technology has taken to bring improvements in optimizing distribution, remuneration and transparent practices to the Media and Entertainment industry. This article will showcase how Bitcoin Latinum aims to revolutionize the gaming industry and highlight what the future holds for the some 2.8 billion gamers worldwide.

It is no surprise that the gaming industry has been booming year to year with upgrades to overall graphics, advanced gameplay, and the advent of streaming.  These advancements have led to a surge of almost half a billion participants worldwide in the esports market. In 2020, the gaming industry generated around $162 billion in revenue, alongside a booming immersive virtual reality gaming space, which saw a 2000% rise in communal interest year-to-date. Gaming is here to stay.

Game developers are actively looking at ways to maximize viewership, increase overall number of active users, and maximize gaming satisfaction. Blockchain presents economic incentives to the gaming community.

Blockchain in gaming employs a wide array of opportunities for gamers, developers and fans. One of the most sought-after utilities of blockchain in gaming is cross game compatibility. For example, significant fiat has been used to purchase character “skins” in Fortnite, however, those skins have no use besides their cosmetic role within Fortnite. On the other hand, picture a scenario where one could buy a tokenized skin in Fortnite that can be sent to Grand Theft Auto or another game, allowing that skin to be worn across the gaming ecosystem. Or, imagine completing a mission in Call of Duty and receiving a limited item as a non-fungible token (NFT), which could then be listed on an out-of-game marketplace accessible for purchase by users who may not have the gaming skill sets required to win the item in the course of regular play. Interoperability is what blockchain in gaming is all about.

Blockchain games will incentivize gamers to engage in the platforms they love on a more frequent basis because in-game progress directly correlates to a real-world value that can be earned by selling accounts, characters, in game NFTs, etc. Currently the main source of revenue for gamers is by streaming gameplay, however, blockchain games will expand revenue opportunities for individual gamers.  As of now, only an extremely small fraction of streamers actually make significant money based on advertising revenue via high viewership.

If one uses a product for free, they are the product in a pay-to-play model.  The future of gaming will see a transition to a play-to earn-platform. Most mobile games operate under the model of ‘free-to-play’ but with a purchasing mechanism for those looking for advanced game playing.  Getting enjoyment out of playing games is certainly the goal of most users, but the future of blockchain will allow users to reap the benefits of not only the game’s entertainment value but as a revenue stream through earning and purchasing NFTs that can, in time, appreciate in value.

The gaming industry needs a blockchain with the scalability and operational efficiency that can successfully intermediate the high incoming demand for in-game and inter-game digital asset exchange. Bitcoin Latinum’s increased block size and transactional speed is built for high network traffic and maximizing user capabilities. This network runs on exponentially less operational power compared to market leading blockchains. Bitcoin’s mining compounding energy consumption demand has increased with the coin’s network growth, making it much less sustainable and unscalable for broader utility. Bitcoin Latinum’s advanced version of Proof-of-Stake (PoS) consensus aims to fill the demand that Bitcoin fails to sustain, evident by slow transaction verification, high network fees, and massive energy consumption.

The ability to build a decentralized financial model that allows smart contracts and ease of funding from various institutions will be revolutionary for the gaming industry. Bitcoin Latinum seeks to enable the gaming universe with never-before-seen capabilities that will empower the next generation of gamers, developers, and the industry at large.

LTNM Media

Blockchain and Media: How Bitcoin Latinum Can Optimize the Media and Entertainment Industry

As the Bitcoin Latinum community grows and the token nears its exchange launch, we are sure the community is wondering how the Bitcoin Latinum Foundation plans to increase market share and benefit the world with the groundbreaking enhancements of our blockchain and token. As the first in a series of four blog posts detailing how Latinum’s target markets are primed for blockchain adoption, this article will discuss how the Media and Entertainment (M&E) industry can utilize blockchain to optimize their distribution, remuneration, and transparency practices, and ultimately how Bitcoin Latinum is the solution to fill these emerging demands.

The next generation of media and entertainment relies on blockchain technology. As the digital age unfolds and the market as a whole achieves a greater understanding of the implications of blockchain to increase efficiency, cut costs, and automate practices, the M&E industry is on the verge of a major upgrade to barriers of entry that starts with blockchain. As M&E companies begin to incorporate blockchain, the barriers of entrance to market leadership will become significantly more competitive, leaving behind companies who fail to harness this cutting edge tech. While implementing blockchain will enhance numerous practices within M&E corporations, doing so will also further maximize profits and minimize costs as expensive intermediaries that create lag times are discontinued. Blockchain is primed to change the M&E industry forever.

For distribution, blockchain enables Media and Entertainment companies to distribute their media products via the blockchain to their consumers. With deployment of digital wallet addresses, these companies can release their products as a series of Non-Fungible Tokens (NFTs) on the blockchain, and can send these NFTs to the digital wallet of the consumer. The consumer will be able to prove ownership of the asset with the receipt of the transaction indefinitely engrained into a block on the blockchain. This permanent digital receipt helps make instances of piracy even more transparent if no receipt of digital ownership is found on chain. Blockchain makes the distribution of media assets a seamless effort that allows M&E companies to distribute and prove ownership of assets, while also removing costly third party distributors and limiting piracy risks.

In terms of remuneration for their products, M&E companies distributing their products on chain will also receive digital payment for their products as reciprocal. With smart contract capabilities on select blockchains, digital assets can be transacted for crypto reciprocals automatically, without the need for an intermediary to facilitate the transaction. Smart contract deployment  is yet another game changing innovation that will allow M&E companies to cut costs and increase transactional and distribution efficiency.

Blockchain also implements greater transparency into cash flow. With a large advertisement reach, there is a stifling amount of operational intermediaries that get a cut of the check, as IBM reports only 38 to 46 cents out of every dollar spent actually is actually received by the media partner. With payments distributed over the blockchain, the permanent ledger feature gives M&E companies transparency into all recipients of advertisement costs.

Bitcoin Latinum is the missing puzzle piece for M&E companies on their quest to greater operational efficiency. Latinum’s 888,888,888 pre-mined tokens have larger block sizes and smaller block times, while consuming a small fraction of the energy that leading crypto blockchains require, making Latinum appear to be the digital asset of choice for M&E companies looking to upgrade their technology to next generation operational efficiency. Latinum is also engineered to become a decentralized finance (DeFi) hub with its smart contract capabilities. With DeFi enablement, Media and Entertainment companies can distribute their products and receive automatic payment on chain through smart contracts, saving time and money for producers and consumers of media assets.

For more insight on the incoming wave of demand for Latinum’s capabilities, please stay tuned for the next segment detailing Latinum’s benefits for the gaming community. For daily updates and news, be sure to follow us on our major social channels, linked at the bottom of our page.

How Workload Protection Strategies are securing the Bitcoin Latinum network

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/.

Bitcoin Latinum Seeks to Lead Corporate Crypto Adoption

Bitcoin Latinum Vs. Crypto Leaders: The Race For Corporate Adoption

Bitcoin Latinum is a Bitcoin hard fork that enhances several technological features of the Bitcoin blockchain, making it more scalable, faster, cheaper, and more sustainable than most major cryptocurrencies and Bitcoin forks. Latinum achieves these next-generation improvements through implementing larger block sizes and a pre-mined token supply, which helps save energy, lowering LTNM block times and transaction costs. To analyze Latinum’s functionality next to Bitcoin, BTC forks, and other leading tokens, let’s examine Bitcoin, Bitcoin Cash, and Ethereum.

Bitcoin is the world’s first cryptocurrency and has no active development team to upgrade any current features of the blockchain. Thus, Bitcoin’s first-generation technology limits large scale adoptability because there are no active improvements being made to the blockchain. As the crypto ecosystem develops, problems with the world’s first cryptocurrency are becoming more transparent as the world determines how to utilize Bitcoin’s groundbreaking technology at scale. The Bitcoin blockchain validates around three transactions per second, and due to the volume of transactions on the network, Bitcoin’s limiting transaction volume causes the average transaction cost to fluctuate heavily. For corporate utility, Bitcoin is not a feasible solution for crypto adoption, as lag times and the fees associated with each transaction are very unpredictable. This is partially due to Bitcoin’s 1 mb block size, which limits the amount of transactions that can be stored in a single block to 1 mb of transaction data. This small block size is paired with a near 10 minute block time, which makes the block generation process further incompatible with the growing demand for transactions on the network.

Next, Bitcoin Cash is a Bitcoin hard fork that aims to provide a better alternative for bitcoin scalability. Bitcoin Cash achieves this by integrating a 32 mb block size, which allows for significantly faster transaction validation, enabling the efficient processing of high transaction speeds at reliably low costs. As seen in the chart above, Bitcoin Cash can process around 116 transactions per second (TPS) at an average cost of $0.01. While Bitcoin Cash achieves larger transaction validation speeds than Bitcoin, it still pales in comparison to the credit card TPS speeds, which realistically process around 1,700 transactions per second (although 24,000 TPS is claimed). As digital consumer networks grow, blockchains must be superior than the most widely-used transaction services to date if they want to capture consumer market dominance. Thus, Bitcoin Latinum achieves a TPS of 10,000+ transactions per second to support the incoming wave of corporate demand for crypto, at an equally as reliable transaction cost due to the pre-mining feature of the network. Comparing Bitcoin Latinum to Bitcoin Cash, Latinum incorporates higher TPS volumes, a third of the block time, and equally as stable transaction costs, making Bitcoin Latinum a more scalable Bitcoin fork than Bitcoin cash.

Lastly, Latinum’s biggest competitor in the battle for enterprise adoption is Ethereum. Ethereum is quickly becoming the most widely used blockchain because of its scalability compared to Bitcoin, interoperability, and upgradeability. While Ethereum has the most active addresses in the crypto ecosystem, the network’s scalability is limited by numerous factors. Ethereum has a TPS rate of about 30, which is only a small fraction of that of Bitcoin Cash and Bitcoin Latinum. Because Ethereum’s TPS rate is so low compared the network’s high transaction demand, Ethereum transaction fees are so volatile that some users are disincentivized from using the network, forcing developers to build several sidechains off of Ethereum to try to improve network scalability. Ethereum’s technology is currently not meeting the high standards of market demand, leading many to be concerned over the future viability of the network. Unlike Ethereum, Bitcoin Latinum is capable of handling demanded transaction volumes, and is engineered to sustain the incoming wave of future demand from corporate and retail users with its high TPS capabilities and consistently low transaction costs.

Bitcoin Latinum seeks to be the all-around solution for scalable, cost-efficient, and sustainable blockchain implementation for the media and entertainment, gaming, cloud computing, and telecommunications industries. As these industries grow increasingly reliant on fast, cheap, and sustainable technology solutions to optimize their processes, Bitcoin Latinum is poised and capable of supporting the impending influx of corporate demand for blockchain solutions. Compared to competing blockchain networks like Bitcoin, Bitcoin Cash and Ethereum, Bitcoin Latinum’s dominant tech specs should make the network the go-to solution for corporate blockchain demands.

 

Sources:

https://blockchair.com/bitcoin-cash/charts/average-transaction-fee-usd

https://www.gemini.com/cryptopedia/what-is-bitcoin-cash#section-why-create-a-second-bitcoin

https://bitinfocharts.com/bitcoin/

https://bitinfocharts.com/ethereum/

https://bitinfocharts.com/bitcoin%20cash

The 5 core elements that engineer Bitcoin Latinum

Bitcoin is the biggest, oldest, and most popular cryptocurrency. It is a name synonymous with the cryptocurrency world, and rightly so. However, since its inception in 2009, Bitcoin’s network has grown tremendously, and it is now facing several issues caused by network congestion.

Bitcoin was designed to become a digital currency that can be used for daily transactions with a decentralized and scalable approach. However, the founder of Bitcoin, Satoshi Nakamoto, never envisioned this exponential growth and was not prepared for a large amount of daily traffic. As a result, Bitcoin is now rigged with several inefficiencies hindering its growth. Some of the problems that Bitcoin is currently facing are:

  • Bitcoin blocks are of 1 MB size, which is too small for registering the number of transactions taking place every day. As a result, these transactions are delayed and charge high gas fees.
  • Bitcoin has an underlying scalability issue that was exposed due to the growth. Bitcoin is capable of managing only seven transactions per second which is extremely low.
  • Bitcoin mining is an energy-intensive process that requires a continuous supply of a high amount of energy, causing several implications such as high price, carbon footprint, etc.
  • While Bitcoin is decentralized, Bitcoin whales can hold a large amount of Bitcoin, causing a certain degree of centralization.

The good news is several platforms have been working to develop a better working model of Bitcoin, and Bitcoin Latinum has succeeded.

Bitcoin Latinum — The Next Generation Bitcoin

Bitcoin Latinum is a hard fork of Bitcoin that aims to carry forward the core ideology of Satoshi and create a bankless, decentralized digital cash system. It is based on the same source code, protocol, and algorithm of Bitcoin with an open architecture crypto technology. This infrastructure helps Bitcoin Latinum to be safer, quicker, reliable, and cheaper.

Bitcoin Latinum (LTNM) is powered by its core five elements that engineer it to become the upgraded version of Bitcoin. These elements are:

Greener and Energy Efficient

Bitcoin Latinum uses an advanced version of the Proof of Stake (PoS) protocol to counter Proof of Work’s (PoW) shortcomings. PoS mining allows LTNM token holders to receive rewards for using their assets as collateral for staking. The incentives increase as the staking amount increases.

Faster Transactions

Bitcoin Latinum uses an efficient consensus mechanism to offer a better on-chain payment network, leading to reduced transaction size and increased transaction capacity. Bitcoin Latinum network can process millions of transactions every day ensuring freeway movement of traffic.

Secure and Insured

Bitcoin Latinum uses Workload Protection strategies to secure the network. All nodes must meet minimum network requirements to get approved and become a part of the network. Bitcoin Latinum also slated to become the world’s largest insured digital asset via Marsh & McLennan (Asia division), one of the world’s leading specialty insurance brokers and risk advisers

Community Governed

Bitcoin Latinum ensures decentralization by using a representative government model where community members participate in the governance via the staking model. This architecture secures Bitcoin Latinum from 51% of attacks that Bitcoin is vulnerable to.

Future-Enabled

Decentralized finance is the next big thing for cryptocurrencies, and Bitcoin Latinum integrates it using a DeFi transaction network. This network facilitates secure and instant digital asset sales.

Bitcoin Latinum is not only resolving all inefficiencies of Bitcoin but also establishing a new, safer, quicker, decentralized, and cheaper generation of cryptocurrencies that will revolutionize Decentralized Finance.

LTNM 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 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 aims to process greater transactions per second than Bitcoin’s, while demanding minimal electricity usage. 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 seeks to achieve a more efficient, affordable, and sustainable solution for widespread crypto adoption.