PALO ALTO, CA, Sept 29, 2021 – (ACN Newswire) – Monsoon Blockchain Corporation, an innovative blockchain firm based mostly entirely mostly in Palo Alto, California, is announcing the next generation digital cryptocurrency ecosystem for powering Bitcoin Latinum. Bitcoin Latinum is an insured, asset-backed cryptocurrency. According to the Bitcoin ecosystem, Bitcoin Latinum is greener, faster, more stable, and poised to revolutionize digital transactions. Monsoon Blockchain serves as the high developer of the Bitcoin Latinum community on behalf of the Bitcoin Latinum Foundation.
Bitcoin Latinum was constructed as an originate-structure cryptocurrency know-how, able to facing spacious transaction volumes, cybersecurity, and digital asset management. Monsoon Blockchain is unveiling Bitcoin Latinum’s legitimate attributes, differentiating factors, and valuable-use advantages, which embrace the next areas:
Increased Transaction Volume
Bitcoin Latinum offers a extremely scalable community that can at the initiate give a make a selection to up to 10,000 transactions per 2d and tens of millions of transactions per day to facilitate retail transactions. Its scalable structure enables for increases in transaction charges to fulfill query. With its Proof of Stake consensus methodology, Bitcoin Latinum ensures the community facilitates more transactions per minute at decrease transaction payments.
Bitcoin Latinum reduces the price of passe Bitcoin transactions from the realistic of more than one greenbacks the general manner down to handiest cents per transaction, with an realistic fee per transaction of 0.1 USD in 2021. That is carried out with a diversity of mechanisms including the vitality-efficient consensus protocol, authorized node configuration, high-performance node interconnection, and shorter affirmation.
Utilizing an efficient consensus mechanism, Bitcoin Latinum offers a unheard of better on-chain price community in contrast to Bitcoin, with an realistic transaction affirmation in 3-5 seconds. This directly outcomes in reduced transaction dimension and increases the transaction quantity skill.
Greener, Energy-Efficient Consensus
Bitcoin Latinum uses an superior version of the Proof of Stake (PoS) mechanism to counter the inherent complications of Proof of Work (PoW) based mostly entirely mostly networks. PoS enables LTNM holders to kind rewards for keeping their coins as collateral to stake on the Bitcoin Latinum community. This outcomes in less electrical energy consumption. Incumbent tokens corresponding to Bitcoin query up to 885+ kWh, and Ethereum 102+ kWh of vitality consumption per transaction, in contrast to Bitcoin Latinum which reduces the amount to handiest 0.00015 kWh per transaction.
Insured And Asset-Backed
Unlike other present cryptocurrencies, Bitcoin Latinum is an asset-backed cryptocurrency, and is working to be the enviornment’s greatest insured digital asset. Its asset-backing is held in a fund model, so the hideous asset trace increases over time. It accelerates this asset-backed fund growth by depositing 80% of the transaction fee support into the asset fund that backs the currency. Thus, the more Bitcoin Latinum is adopted the faster its asset funds grow, making a self-inflating currency.
Bitcoin Latinum uses a manual authorities model to manufacture democracy in its ecosystem. That is carried out by allowing community participants to participate in the governance mechanism of the protocol via the staking model. The purpose is to guard Bitcoin Latinum from 51% of assaults that generally checklist doable crippling flaws in many present protocols.
As the precious adopter, Monsoon Blockchain will use Bitcoin Latinum in creating noteworthy blockchain applied sciences and commercial alternatives, as well to digitizing and listing assets for firms and organizations all around the globe. The initial industries to be serviced will be gaming, financial products and services, telecommunications, media and entertainment, and cloud and info storage. Monsoon Blockchain is facilitating the open of Bitcoin Latinum on public exchanges in 2021.
As a cornerstone of Monsoon Blockchain’s strategic plans to extra the mass adoption of Bitcoin Latinum, the firm has been forging global partnerships with companies that can mix the token for his or her retail transactions. Basic adoption of Bitcoin Latinum and Monsoon’s blockchain ecosystem has been taking space, with a highlight on insurance protection, entertainment, gaming, and info storage entities.
World adoption of cryptocurrencies for use in retail transactions has been step by step rising. Within a span of 4 months in 2021, the worldwide crypto individual hideous doubled from 100 million to 200 million. Predominant firms non-public taken stare. Immense restaurant chains, movie theaters, and retail wanting websites non-public began trying out and accepting cryptocurrencies for payments.
The convenience of shopping cryptocurrencies has increased drastically against the last two years. Immense on-line price products and services now enable their an total bunch of tens of millions of users to rob and promote cryptocurrencies. On this planet of banking payments, spacious South Asia based mostly entirely mostly banks non-public began trying out scoot-border price systems for digital currencies in partnership with a consortium of central banks, in accordance with reports.
Dr. Donald Basile, Monsoon Blockchain Corporation’s CEO and founder, is the archaic CEO of Fusion-IO, a firm identified for taking half in a vital feature in imposing the cloud systems at valuable financial institutions, and global IT giants.
Dr. Basile is also the Co-CEO and Chairman of Roman DBDR, a selected purpose acquisition firm, which raised $236 million in its initial public offering in November 2020. Roman DBDR announced a merger with CompoSecure, a pioneer in top price price playing cards whose customers embrace about a of the enviornment’s greatest financial institutions. The merger of the 2 firms will manufacture a blended project trace of roughly $1.2 billion. CompoSecure will rapidly be releasing its new cryptocurrency cold-storage solution, Arculus, allowing users to soundly and securely store and address their digital assets on a sing of the art steel price card.
More knowledge about Bitcoin Latinum is readily available at https://bitcoinlatinum.com/
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any Bitcoin Latinum equipped is for academic and informational functions handiest and can just NOT be construed as a securities-connected offer or solicitation or be relied upon as personalized funding advice. Bitcoin Latinum strongly recommends you consult a certified or registered professional earlier than making any funding decision.
Firm: Monsoon Blockchain Corporation
Contact: Wei Ming, Director of Communications
Web space: https://monsoonblockchaincorporation.com/
Address: 2100 Geng Road, Palo Alto, California 94303, USA
Cell phone: +1 800-528-0985
SOURCE: Monsoon Blockchain Corporation
Subject: Press free up abstract
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