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PALO ALTO, Calif., June 02, 2021 (GLOBE NEWSWIRE) – Bitcoin Latinum, the next-generation insured Bitcoin fork capable of massive transaction volume, digital asset management, cybersecurity and capacity, announces a revolutionary green initiative to achieve a net zero carbon footprint, as a commitment to sustainable environmental practices and support of the Crypto Climate agreement. This will be achieved through a consensus protocol system for the settlement of transactions. Bitcoin Latinum is also announcing its availability in hard fork and public trading for the third quarter of 2021.
Bitcoin Latinum is an improved Bitcoin fork. The Bitcoin Latinum algorithm and infrastructure breaks down barriers and speed limits that have prevented some virtual currencies from being used conveniently and in real time. Bitcoin Latinum to be traded under LTNM will be non-mining, with a fixed supply of 888,888,888 pre-mined tokens. Legacy tokens, including Bitcoin and Ethereum, rely on a proof of work system to confirm transactions generated by mining, which has proven to be damaging to the environment as massive demands for electricity have increased consumption of fossil fuels such as coal.
Announced to the world in November 2020, Bitcoin Latinum aims to fork and become publicly available for trading in the third quarter of 2021 on major exchanges across the globe, including the Americas, Europe, and Asia.
PricewaterhouseCoopers (PwC) recently released its 3rd Annual Global Crypto Hedge Fund 2021, as reported by bitcoinmagazine.com. The report showed that “cryptocurrency hedge funds remain incredibly bullish on bitcoin.” And the “predicted median price for bitcoin by the end of 2021 was $ 100,000 … with 21% of cryptocurrency hedge funds predicting the year-end price to be between $ 100,000 and $ 150,000. $ “.
Set to become the world’s largest digital insured asset, Bitcoin Latinum has appointed Marsh & McLennan, one of the world’s leading specialist insurance brokers and risk advisers, to organize a comprehensive insurance program for the new crypto currency through its Asia division, Marsh Asia. The proposed insurance coverage will protect Bitcoin Latinum holders against external theft and internal collusion, potentially up to the full value of their holdings.
Bitcoin Latinum sold its initial pre-sale with over nine figures committed by buyers around the world in November 2020. In the first quarter of 2021, Bitcoin Latinum launched an international giveaway of a new Tesla Roadster, sparking massive interest and submissions. The winner of the giveaway will be announced after LTNM’s public listing.
Bitcoin Latinum tokens are part of a blockchain ecosystem adopted by many companies in the fields of media, games, storage, cloud and telecommunications. Bitcoin Latinum tokens will be used interchangeably on each of these partner / provider networks by consumers. Additionally, Bitcoin Latinum strengthens the security of in-flight transactions and enhanced protection of consensus nodes based on memory scanning technology.
As reported by Yahoo Finance: “Bitcoin is now considered an investment asset. It has its own idiosyncratic risk, in part because it’s still relatively new and going through an adoption phase,” said Mathew McDermott , Global Head of Digital Assets at Goldman Sachs. McDermott added, “But clients and beyond treat it largely as a new asset class, what is remarkable is not often that we see the emergence of a new asset class. active. “
Monsoon Blockchain Corporation, Asia’s premier blockchain company, has been selected by Bitcoin Latinum as a founding partner. Monsoon is focused on innovative cloud solutions in the blockchain ecosystem. Dr Donald Basile, CEO and Founder of Monsoon, is the former CEO of Fusion IO, a company known to play a major role in implementing cloud systems at Apple and Facebook as well as partnerships with HP, IBM and Dell .
Monsoon Blockchain Corporation harnesses the latest blockchain technology to develop powerful business solutions that enable successful digitization and asset listing across a variety of industries, including financial services, telecommunications, media, and entertainment. In addition to building software for clients, Monsoon consults with companies on how blockchain can be used and develops tokenization strategies on their behalf. Monsoon has worked with a number of corporate and government IT giants.
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NO INVESTMENT ADVICE. Any Bitcoin Latinum offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be viewed as personalized investment advice. Bitcoin Latinum strongly recommends that you consult a licensed or registered professional before making any investment decisions. Only people residing in countries that allow such gifts are eligible to participate.
Media contact
Company: English BitCoin
Telephone: +1 800-528-0985
Email: [email protected]
Website: https://bitcoinlatinum.com/
Address: 2100 Geng Road, Palo Alto, CA 94303, USA
SOURCE: Latin BitCoin
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