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Bitcoin Latinum AMA Don Basile

Bitcoin Latinum CEO DR. Donald Basile Featured On Sarson Funds “Ask Me Anything” Interview

On October 6th, CEO of Bitcoin Latinum Dr. Donald Basile was featured on an Ask-Me-Anything-style interview hosted by Sarson Funds Chief Marketing Officer, Jahon Jamali. Sarson Funds is a cryptocurrency and blockchain education and investment solutions provider based in Indianapolis, Indiana.

Dr. Basile and Jamali covered several topics through the course of the interview, from Bitcoin Latinum, its architecture and target audience, to its prioritization of energy efficiency through minimal energy consumption. 

In the interview, Dr. Basile spoke of the reasons for bringing Bitcoin Latinum to its target markets – media and entertainment, gaming, cloud computing, and telecommunications – stating that it comes down to speed and cost. Dr. Basile stated, “​​We look at an in-game transaction that might be around a dollar, coupled with network fees of around $10, $20, or even $100 dollars… additionally, current gaming blockchains might clear transactions between a few minutes to a few hours… it’s just impractical.” With Bitcoin Latinum, enhanced speeds, cheaper network fees, and secure network governance work together to make LTNM a dependable blockchain solution for its target audience.

Additionally, Dr. Basile discussed the decision to make Bitcoin Latinum an asset-backed cryptocurrency, claiming that “people wanted a transaction medium with something behind the cryptocurrency,” and that people need a nuanced cryptocurrency with an asset-backing alongside fast transaction speeds and low costs in order to promote universal adoption. Bitcoin Latinum fills people’s desires for a cryptocurrency with an asset-backing.

Basile also brought attention to global concerns surrounding the energy usage of Bitcoin, which influenced one of the core enhancements that Bitcoin Latinum brings to the Bitcoin source code, the implementation of Proof of Stake transaction validation and block creation. Dr. Basile noted on Bitcoin Latinum’s green initiative, “​​We went ahead and implemented Proof-of-Stake above Proof-of-Work, allowing us to use very little power. We’re part of the Crypto Climate Accord to bring a zero carbon footprint… As crypto becomes broadly used we don’t want to be consuming cities and cities worth of power to go ahead and do transactions.” We believe that Bitcoin Latinum’s quest to model a more sustainable future for blockchain technology and cryptocurrencies is redefining the global outlook on cryptocurrency energy usage and the future of the ecosystem.

We are excited to witness and take part in the growing exposure that Bitcoin Latinum is seeing across various media outlets, and are thrilled to continue sharing our story as we seek to lead the corporate blockchain landscape.

Bitcoin Latinum community growth news

Bitcoin Latinum Receives Notable News And Market Coverage Alongside Community Growth

In recent months, Bitcoin Latinum has received an incredible amount of community recognition and grown its communities immensely. As the token seeks to be the premier digital asset of the media and entertainment, gaming, telecommunications and cloud computing industries, Bitcoin Latinum is gaining significant attention from major financial news sources, esteemed advertisements, and social communities. Bitcoin Latinum’s goal is mass adoption, and the word is certainly being spread about Bitcoin Latinum far and wide. While Bitcoin Latinum is still in its infancy and attention is slowly rising, here are the most notable appearances and community growth reporting to date.

 

Founder of Bitcoin Latinum and CEO of Monsoon Blockchain Dr. Don Basile has recently been seen on Nasdaq Trade Talks, Benzinga Crypto, and Cheddar News discussing how Bitcoin Latinum is the next-generation solution to Bitcoin, highlighting Latinum’s high transaction speed, low costs, and miniscule energy usage. With continued appearances on notable platforms, news sites and social communities, Bitcoin Latinum is enthusiastic for broader adoption and utility once the token hits exchanges soon.

 

In addition, Bitcoin Latinum was also recently seen on the Nasdaq Stock Exchange billboard in Times Square, which showcased Bitcoin Latinum as “the next generation currency” in the heart of New York City. In addition to public advertisements for Bitcoin Latinum, a number of popular crypto youtubers have covered analyses of the coin, like Crypto Bull and Satoshi Aoki. 

 

bitcoin latinum nasdaq

Bitcoin Latinum featured on Nasdaq billboard in Times Square

 

While the diverse coverage that Bitcoin Latinum has received has sparked excitement for the team, the most exciting growth being seen is from the LTNM fanbase. Growth is accelerating across several platforms, led by the Bitcoin Latinum Instagram channel with a whopping 57.4K followers, followed next by the Facebook page, which has received a total following of nearly 22.9K. More community-oriented channels where the LTNM audience can discuss at large has grown immensely, with the Bitcoin Latinum Twitter tallying 14K followers, and Telegram counting around 4.5K contacts. The Bitcoin Latinum team is thrilled to have brought so many people together to build the future of crypto with LTNM, and are eager to continue spreading the word about the benefits of Bitcoin Latinum for the world.

With all of the positive news about Bitcoin Latinum’s utilities spreading, it is encouraged that the Bitcoin Latinum audience stay up to date on relevant news and information regarding the project. For the most up-to-date insights, please follow Bitcoin Latinum on Twitter, Facebook, Instagram and Telegram.

Bitcoin Latinum crypto climate accord

Sustainability In Practice: Bitcoin Latinum Becomes Signatory Of Crypto Climate Accord

This August, Bitcoin Latinum became a signatory and supporter of the Crypto Climate Accord (CCA), a crypto community initiative focused on decarbonizing the crypto ecosystem. The CCA is a community-led group that seeks to make crypto more green as the future of finance leans more and more towards sustainability. By joining the Crypto Climate Accord (CCA), Bitcoin Latinum is committing to achieve a net-zero carbon footprint over the next decade from the power consumption linked to its crypto-related operations.

The joining of Bitcoin Latinum into the Crypto Climate Accord is an exciting opportunity for Bitcoin Latinum to set the standard for the future of crypto innovation to be more sustainable. Bitcoin Latinum’s sustainability, scalability, and security enhancements to the Bitcoin blockchain make Latinum a model for emerging crypto projects to follow suit.

Bitcoin Latinum’s green approach consists of two core elements: a shift in the Bitcoin blockchain’s consensus mechanism from Proof of Work (PoW) to Proof of Stake (PoS), and an 80% pre-mining procedure that will remove the painstaking mining process from the Bitcoin blockchain’s procedures.

The upgrade from Proof-of-Work to Proof-of-Stake consensus will help Bitcoin Latinum achieve up to 99.95% energy reduction compared to PoW-based blockchains. This 2,000x reduction will position Bitcoin Latinum to be the premier Bitcoin hard fork as future blockchain development unfolds. The Latinum PoS infrastructure relies on community-based consensus through approved nodes to verify transactions on the blockchain, reducing the need for energy-demanding PoW miners that require large amounts of energy to run. As a result, Latinum’s PoS structure is projected to be able to process 10,000+* transactions per second with a confirmation time of 3 to 5* seconds at 0.00015 KWH*.

Bitcoin Latinum’s increased partnerships across the media and entertainment, gaming, telecommunications and cloud computing industries are validating our project as an emerging leader in the future of crypto adoption and utility. It is our honor to join the Crypto Climate Accord and help pioneer the future of sustainable finance.

* Projected data for Bitcoin Latinum, by the end of 2021

Bitcoin Latinum h.wood group payment

Bitcoin Latinum Partners With The H.Wood Group To Integrate Crypto Payments At Venues

A critical progression in the launch of Bitcoin Latinum is the establishment of brand and corporate partnerships to take advantage of the enhancements brought to the crypto ecosystem through Bitcoin Latinum. As we prepare for the exchange launch of Bitcoin Latinum, we have been focusing on spreading the good news about Bitcoin Latinum’s next-generation enhancements to the Bitcoin blockchain in order to sustain massive transaction volumes, low gas fees, greater security and sustainability. In the first of many incoming partnerships, we are thrilled to announce that our partnership with The h.wood Group, a Los Angeles-based luxury hospitality and lifestyle company. The h.wood Group is known for its high class venues and celebrity consumer base.

The h.wood Group’s partnership with Bitcoin Latinum indicates that Bitcoin Latinum will now be accepted as a form of payment for products, services, and amenities at all of The h.wood Group’s nightlife and restaurant sites. With this integration, guests at these venues can enjoy h.wood’s luxurious experience with Bitcoin Latinum alongside both Bitcoin and Ethereum.

Founded by highly regarded entrepreneurs John Terzian and Brian Troll, The h.wood Group consists of a number of notable restaurants, nightlife and events venues, such as restaurant concepts 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. The h.wood Group’s recognition of blockchain technology and acceptance of cryptocurrencies as a necessary integration positions the Group strategically for new business opportunities as the future of business shapes to embrace the digital asset ecosystem.

We are very excited about this partnership and see it as just the beginning of an incoming wave of demand from retail businesses as industries move to embrace not only blockchain technology but the leading-edge advantages of adopting Bitcoin Latinum.

Blockchain In Telecom: How Bitcoin Latinum Can Service The Telecom Industry

Over the course of this utility series, we have learned about the potential benefits of Bitcoin Latinum to fill the emerging demands of corporations and consumers within the Media and Entertainment, Gaming, and Cloud Computing industries. This fourth and final segment will showcase how Bitcoin Latinum is primed to service the incoming demands of telecommunications providers and their customers.

The current telecommunications industry is lagged by the limitations of modern technology infrastructure and many traditional practices performed by telecom leaders. In this digital age, any form of internet communication can be tracked; from phone calls to Facebook posts, data is constantly being collected on every click users make. In fact, major companies have created billion-dollar empires from a freemium business model where they profit from selling user data to third party services, and tech companies are getting away with this solicitation because most users do not know better. If customer-to-enterprise data exchanges are going to be secure and private, than there needs to be a new system put in place.

The issues created by the centralized tech companies can be solved using decentralized blockchain technologies. Instead of transferring information through corporate servers, information can be transmitted through anonymous user nodes that all collaborate for validation. Through decentralization, data is exchanged on a secure network and sent directly to the desired recipient with no intermediary, eliminating unnecessary costs and reducing third-party facilitation risks. Without intermediaries, no centralized body controls the flow of communication, and no one else besides the sender and the recipient have access to the data. Additionally, decentralized infrastructures remove hardware entities that are vulnerable to hackers. The decentralization of telecom services allows information and data flow to be optimized with significantly less security risks than competing centralized services.

Blockchain technology helps facilitate information flow, however, not all blockchains or cryptocurrencies are equally good at data intermediation. Bitcoin, for example, performs 4.6 transactions per second (TPS), which is significantly slower than the TPS required for Bitcoin’s blockchain to be utilized at scale. To engineer greater scalability, the workload of Bitcoin’s blockchain can be offset and the rules changed via a hard fork.

The future of telecommunications relies on technology that is scalable, secure, and fast enough to manage the incoming demand to support widespread adoption of next-generation technologies such as Internet of Things (IoT) and 5G networks. The data being exchanged across these technologies never stops, and the proper deployment of the right blockchain network can help facilitate these never-ending data exchanges with minimal costs and lightning speed, sustainably.

Using Bitcoin’s existing protocols, Bitcoin Latinum is a hard fork of Bitcoin that enhances several blockchain infrastructure bottlenecks, providing tremendous upgrades to scalability, security, sustainability, and network governance. As a result of Latinum’s infrastructure upgrades, transaction speeds and costs per transaction are infinitesimally smaller than leading blockchains like Bitcoin and Ethereum. Additionally, Latinum’s secure and transparent governance allows holders to influence changes to the network, ensuring that those with the most stake in Latinum are most able to preserve its longevity. Through Bitcoin Latinum, traditional telecommunications practices may soon be overridden to better optimize processes industry-wide and aid in the seamless deployment of IoT and 5G technology.

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.

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.