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.