Bytom blockchain is focused on creating diverse assets and a programmable economy.  The new era of the Bytom Blockchain makes it possible to create diverse assets and a programmable economy.

Bytom publishes a weekly report providing synchronous update about the happening in the ecosystem. What is going hot in the ecosystem right now is the IEEE Identity Key Management Working Group (P3209) as a Standard for Identity Key Management. 

SUP community governance proposal draft is up.  SUP is the value capture token of MOV Super Tx protocol.

Lang Yu, CEO of Bytom when talking about the essence of DeFi explained it in four essential points as one that ensures that there are no privacy issues or data leakage and AMM does the job of tracking the price ups and downs to practical applications.

Further stated that DeFi are unlicensed application services where the focus is shifting from individual to digital assets.  Also, he stated that it is important to educate users to understand the blockchain in its truest sense.  Users should understand everything from exchanges to personal wallets.

Sydney Ifergan, the crypto expert tweeted:  “Bytom are set to be cooperating with major partners MagnEx, FlashSwap, and SuperTx each of whom are experts in different fields.  I see how the blockchain can never be a one-concept ideal. Coordination is important.”

DeFi mostly depends on the properties of assets.  Wallets need only a private key and it does not need any mobile number or any further information about the user who registered it.  Therefore, there is no privacy issues.  Even the plugins and wallets will be able to do away with privacy issues as no personal information is required for registration for use in the wallet.

Stable coin is considered to be a good innovation as it is has done the job of taking away blockchain tokens from merely being a speculative assets which follows ups and downs in volatility.

The Bytom (BTM) Defi Ecosystem covers for loans, trading, and derivatives and all the DeFi Dapps are going to be based on these concepts.

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MagnEx is an orderbook trading protocol, which will match orders using consensus nodes with all pending orders on the chain, which will be the biggest innovation.  FlashSwap supplements to magnetic exchange. Users will be able to Swap their tokens with market makers easily.  SuperTx specialize in their AMM protocol.

Bytom is set to coordinate the best from all these areas to improve the significance of the Bytom Blockchain.