Bitcoin Latinum Seeks To Gain Traction and Recognition As An Upgrade to the Bitcoin Blockchain
(BOSTON, MA) – Bitcoin Latinum (LTNM) is a new Bitcoin fork seeking to gain traction and fill gaps in the current Bitcoin blockchain by targeting the transactional requirements of corporate clients. With a highlight on large-scale transaction volume at increased speed, Bitcoin Latinum gained pre-listing status on CoinMarketCap ahead of its official public launch on exchanges across the globe in Q3 2021.
Led by Monsoon Blockchain, Bitcoin Latinum addresses corporate concerns with Bitcoin with regard to transactional capability, scalability, and network governance. Specifically, Bitcoin Latinum offers increased scalability through algorithmic upgrades which developers say will support millions of transactions per day at substantially lower costs. The network is also decentralized finance (DeFi) enabled to support near-instant on chain transactions.
“We are bullish about Bitcoin Latinum because it is a part of a blockchain ecosystem adopted by numerous companies in media, gaming, storage, cloud, and telecommunications. Bitcoin Latinum offers positive improvements that allow for increased desired transaction speeds and energy efficiency with lower transaction costs,” said John Sarson, CEO and Co-founder of Sarson Funds.
Unlike legacy tokens, Bitcoin Latinum also employs an energy-efficient consensus mechanism to achieve a carbon net-zero footprint by using a GPU-friendly consensus protocol system. LTNM has a total supply of 888,888,888 pre-mined tokens which removes the need to extract enormous kilowatt hours of energy.
Using a Proof-of-Stake (PoS) consensus mechanism, Bitcoin Latinum promotes a representative democratic governance model for its community. The goal of this model is enhanced security to protect Bitcoin Latinum from 51% attacks that can pose risk to many existing protocols.
Each Bitcoin Latinum node also implements a Core Workload Protection strategy to secure the network. These nodes must meet the network requirements to become an “Approved Party” in order to access the PoS mechanism.
Additionally, Bitcoin Latinum is crypto’s first insured token as it has a comprehensive insurance program in case of internal collusion or external theft.
“Given all of these features, Bitcoin Latinum is a next-generation upgrade to the Bitcoin blockchain. We are hopeful of what the network could be for the future of the ecosystem,” added Sarson.
