Asset management involves tacking lot of problems. This is true whether it is about virtual assets or real world assets. Another problem in terms of asset management is the flow of value from the assets in the real time world to the assets in the digital world. The value transition between these two worlds can be a real problem. Bytom is the blockchain protocol which focuses on filling the gap between the digital world and the real world.
Bytom makes it possible represent several off-chain assets on-chain and it makes it possible for users to be able to trade them and exchange them on the Bytom platform. The off-chain assets like the securities, bonds, dividends, etc can be traded along with digital assets. When this is done, Bytom focuses on bringing the digital world and the real world closer together.
The native cryptocurrency of the Bytom Network is the BTM coin. The BTM coin is important for anyone to access the Bytom blockchain.
Each Bytom coin represents ownership of a part of Bytom blockchain, allowing the BTM holder usage and participation in the management of Bytom blockchain. Every BTM coin represents the percentage ownership of the holder of the Bytom Blockchain. Thus, permitting the BTM holder usage and participation in the Bytom Blockchain management.
Of note, Bytom Founder, ChangJia had been selected for Top 100 influencers by CT China Official and CoinTelegraph as one of the earliest Bitcoiners in China. It is important to note that he made many contributions to the blockchain industry.
The goal of the Bytom decentralized platform permits both the digital assets and real assets to be exchanged, registered, and gambled in one place.
The new version of Bytom mainchain software was recently released and this update has vastly increased the speed of sync for full node client.
Recently, Bystack, the enterprise blockchain platform using Bytom’s underlying technology has officially become the cooperation partner of Huawei Kunpeng Partner Development Program.
The MOV Network recently published that BTM will be supported by the MOV lending protocol. Borrowing and depositing BTM in MOV Lending Protocol is now possible. It is important to note that the MOV Lending Protocol adopts an over-collateralization model and users use it at their own risk.
The New version of Bycoin is now being equipped with MOV Lending Protocol, thus supporting borrowing and deposit of BTC, ETH, LTC, and DOT.
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