Bytom Brings Physical Assets to Blockchain
Bytom is a crypto project that created a blockchain for various manipulations with so-called byte assets, i.e., cryptocurrencies, and atomic assets, i.e., bonds, warrants, different kinds of information, and other valuables from the real physical world. The name Bytom comes from the concatenation of by(te) and atom. All these valuable assets can be exchanged, traded, gambled, and further interoperated by using smart contracts.
Bytom token has the ticker symbol BTM. It is mineable, and ASIC mining is encouraged as developers see it as the latest step in miner evolution. Bytom uses the PoW consensus algorithm stimulating random anonymous miners to participate. BTM’s primary applications are the following:
- Paying transaction fees on the platform
- Getting dividends
- Providing deposits for asset issuance