Bytom (BTM) Blockchain Programmable Economy MOV To be Centralized with Ten Nodes Creating BlocksApril 9, 2020
Bytom (BTM) Blockchain provides for creating diverse asset types in a programmable economy.
Lang Yu, CEO Bytom in a recent AMA, answered questions raised by the community. The AMA was hosted to celebrate the launch of MOV exchange Protocol.
The major question that was answered was on what is the relationship between MOV, Bystack, and Bytom. Further, users required some clarity on if Bystack and Bytom are enough to build a robust ecosystem, why was it necessary to have an MOV protocol.
The clarification implied, Bytom is a public blockchain. Bystack is an enterprise-level Baas Platform that helps users to quickly deploy manage and maintain the blockchain network and the commercial blockchain applications.
The Bystack is made up of Bytom, which is one main chain and several other sidechains. Depending upon the needs of the business, it is possible to design different sidechains.
The successful release of the Bystack contributed to the foundation infrastructure and product of MOV protocol. The MOV protocol facilitates constructing a self-sustaining ecology while expanding the boundaries of the assets of Bytom. Thus the MOV is expected to be more committed to an open and exogenous system. Therefore, several mainstream asset formations, dimensions, and forming other ecosystems by establishing multiple dimensions with the value exchange matrix is facilitated.
Bytom (BTM) MOV Stable Financial System
Bytom (BTM) MOV is set to facilitate liquidity by its own market maker by attracting other market makers. By optimizing servers, it is expected that MOV TPS can be increased beyond 16000. Since ten consensus nodes are producing blocks, MOV is not a centralized trading system.
Sydney Ifergan, the crypto expert, tweeted: “It is good about Bytom (BTM) MOV being decentralized. We can see that since ten nodes produce blocks, and even if one fails, this is not going to influence the severs.”
The MOV has integrated high-speed sidechain decentralized trading. The innovative product also has a cross-chain integrated into the ecosystem. Because of the fact that it is new and novel, there were no products from which the features and implications of the product can be studied. A lot of time was spent doing the research, designing, testing, and thinking. Therefore, it took a lot of time for MOV to develop.
They are further innovating into designing a stable financial system for the current trading system with highly developed DeFi Functions.
Bytom is set to compete with Ethereum. For now, Ethereum has apparent advantages in terms of technology and community development. However, Bytom with MOV is expected to have an edge due to its innovation, particularly in terms of integrating cross-chain, public blockchain, trading, and integrating DeFi into one ecosystem.