Bytom (cryptocurrency)

Bytom is a blockchain platform designed primarily for transferring assets from the atomic world to byteworld. The atomic world refers to real, physical world information such as bonds, dividends, intelligence data, securities and others, while byteworld refers to digital currency and assets. Bytom 2.0 Block Producer recruitment launched on June 24, 2021, Candidates who meet the requirements can have the ability to apply. After the candidate passes the audit, the website will publish the candidate information and real-time staking balance as well as the dynamic results of the candidate ranking.

• Candidates participating in Block Producer recruitment must stake at least 1,000,000 BTM, the BTM is for breach of contract as PoS punishment.
• If the BTM reaches 0 because of evil deception, the candidate will lose the qualification (even if the number of votes is in the top ten).
• Block Producer must have their own servers in addition to node hardware, software, and network environment requirements.

Those who have contributed a lot of Bytom ecosystem are given priority, as well as those previously being sidechain Block Producer or candidate Block Producer.

The profits of Block Producers are mainly from Block Production reward and transaction fees and the Block Production reward is limited to 30 million BTM.

Block reward = the number of blocks produced by the node * the reward for each block, the more the number of blocks, the more rewards, the node suspension caused by the failure or the network will affect the reward.

Ten consensus nodes divide the block reward equally, so each node can get up to 3 million BTM per year.

Bytom2.0 Bytom2.0 Block Producers produce blocks in turn, one block every 6 seconds, and each Block Producer produces one block at a time.