“It is certain that there is a high demand for new digital currencies such as Bitcoin Latinum. Due to the fact that this is our sixth digital exchange, Hotbit is the ideal digital exchange partner. This is a watershed moment in the history of Bitcoin Latinum, and we intend to continue reaching out to new audiences and showcasing the unique digital assets of our coins around the world” Donald Basile, the founder of Bitcoin Latinum and the CEO of Monsoon Blockchain Corporation, shared his thoughts on the subject.
Bitcoin Latinum is a cryptocurrency that is completely guaranteed and backed by assets, and it is built on the Bitcoin ecosystem. Bitcoin Latinum Foundation created LTNM as a greener, faster, and more secure version of the Bitcoin cryptocurrency. It is capable of handling massive crypto-transactions while remaining highly efficient in terms of cost and scalability. LTNM is developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation.
A revolutionary new Bitcoin blockchain-based token, LTNM is focused on disrupting high-growth sectors like as media, gaming and telecommunications while also using the cloud computing technology. In order to address Bitcoin’s worries about energy consumption, LTNM uses a proof-of-stake (PoS) method to establish consensus, which not only raises the transaction per second (TPS) rate of the network but also considerably reduces the cost.
Furthermore, unlike other cryptoassets, LTNM is guaranteed and backed by both real-world and digital assets, unlike other cryptoassets. Its asset backing is kept in a fund format, which means that the value of the underlying asset rises over the course of time.
Because it reinvests 80 percent of the transaction fee back into the asset fund that backs the currency, it helps to accelerate the development of these asset-backed funds. As a result, the more the adoption of Bitcoin Latinum, the quicker its asset funds expand, resulting in the creation of a currency that is self-inflating.
Furthermore, individuals and enterprises will be able to generate new income sources while simultaneously cutting their transactional expenses. The Bitcoin Latinum Foundation’s decision to list on Hotbit demonstrates the foundation’s commitment to assisting in the development of a long-term cryptocurrency ecosystem.
Hotbit is glad to announce the addition of LTNM to our portfolio. As the ecosystem shifts toward greater energy efficiency, next-generation assets such as Bitcoin Latinum, which has enhanced speed and low transaction costs, are expected to rise rapidly in popularity as a way of digital transaction within the sector as a result.
Hotbit is confident in Bitcoin Latinum’s potential to provide a simple, safe, and long-term experience to the Hotbit developing market community, and hence supports it. Bitcoin Latinum is the next generation of asset-backed cryptocurrencies that is fully guaranteed by the FDIC.
Bitcoin Latinum, which is based on the Bitcoin ecosystem, is greener, quicker, and more secure than Bitcoin, and it is ready to revolutionize digital commerce. Because it is powered by an energy-efficient Proof of Stake consensus algorithm, Bitcoin Latinum aims to improve transaction speed while simultaneously decreasing costs and increasing security in high-growth areas like as media, gaming, telecommunications, and cloud computing.