Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum

PALO ALTO, Calif., Sept. 28, 2021 (GLOBE NEWSWIRE) — Monsoon Blockchain Corporation, an modern blockchain firm primarily based in Palo Alto, California, is saying the subsequent technology digital cryptocurrency ecosystem for powering Bitcoin Latinum. Bitcoin Latinum is an insured, asset-backed cryptocurrency. Based on the Bitcoin ecosystem, Bitcoin Latinum is greener, sooner, safer, and poised to revolutionize digital transactions. Monsoon Blockchain serves as the prime developer of the Bitcoin Latinum community on behalf of the Bitcoin Latinum Foundation.

Bitcoin Latinum was constructed as an open-architecture cryptocurrency know-how, able to dealing with massive transaction volumes, cybersecurity, and digital asset administration. Monsoon Blockchain is unveiling Bitcoin Latinum’s official attributes, differentiating elements, and major-use benefits, which embody the following areas:

Increased Transaction Volume

Bitcoin Latinum affords a extremely scalable community that may initially help as much as 10,000 transactions per second and tens of millions of transactions per day to facilitate retail transactions. Its scalable structure permits for will increase in transaction charges to satisfy demand. With its Proof of Stake consensus technique, Bitcoin Latinum ensures the community facilitates extra transactions per minute at decrease transaction charges.

Reduced Cost

Bitcoin Latinum reduces the value of conventional Bitcoin transactions from the common of a number of {dollars} right down to solely cents per transaction, with a median price per transaction of 0.1 USD in 2021. This is achieved with a wide range of mechanisms together with the energy-efficient consensus protocol, authorised node configuration, high-performance node interconnection, and shorter affirmation.

Faster Speed

Utilizing an environment friendly consensus mechanism, Bitcoin Latinum supplies a a lot better on-chain cost community in comparison with Bitcoin, with a median transaction affirmation in 3-5 seconds. This instantly results in diminished transaction dimension and will increase the transaction quantity functionality.

Greener, Energy-Efficient Consensus

Bitcoin Latinum makes use of a sophisticated model of the Proof of Stake (PoS) mechanism to counter the inherent issues of Proof of Work (PoW) primarily based networks. PoS permits LTNM holders to earn rewards for holding their cash as collateral to stake on the Bitcoin Latinum community. This results in much less electrical energy consumption. Incumbent tokens similar to Bitcoin demand as much as 885+ kWh, and Ethereum 102+ kWh of power consumption per transaction, in comparison with Bitcoin Latinum which reduces the quantity to solely 0.00015 kWh per transaction.

Insured And Asset-Backed

Unlike different current cryptocurrencies, Bitcoin Latinum is an asset-backed cryptocurrency, and is working to be the world’s largest insured digital asset. Its asset-backing is held in a fund mannequin, so the base asset worth will increase over time. It accelerates this asset-backed fund progress by depositing 80% of the transaction price again into the asset fund that backs the forex. Thus, the extra Bitcoin Latinum is adopted the sooner its asset funds develop, making a self-inflating forex.

Community Governed

Bitcoin Latinum makes use of a consultant authorities mannequin to attain democracy in its ecosystem. This is finished by permitting neighborhood members to take part in the governance mechanism of the protocol through the staking mannequin. The purpose is to guard Bitcoin Latinum from 51% of assaults that always expose potential crippling flaws in lots of current protocols.

As the first adopter, Monsoon Blockchain will make the most of Bitcoin Latinum in growing highly effective blockchain applied sciences and enterprise options, along with digitizing and itemizing property for corporations and organizations throughout the globe. The preliminary industries to be serviced might be gaming, monetary providers, telecommunications, media and leisure, and cloud and knowledge storage. Monsoon Blockchain is facilitating the launch of Bitcoin Latinum on public exchanges in 2021.

As a cornerstone of Monsoon Blockchain’s strategic plans to additional the mass adoption of Bitcoin Latinum, the firm has been forging international partnerships with companies that may combine the token for their retail transactions. Significant adoption of Bitcoin Latinum and Monsoon’s blockchain ecosystem has been going down, with a deal with insurance coverage, leisure, gaming, and knowledge storage entities.

Global adoption of cryptocurrencies for use in retail transactions has been steadily growing. Within a span of 4 months in 2021, the international crypto consumer base doubled from 100 million to 200 million. Major corporations have taken discover. Large restaurant chains, film theaters, and retail purchasing web sites have began testing and accepting cryptocurrencies for funds.

The ease of buying cryptocurrencies has elevated considerably over the previous two years. Large on-line cost providers now enable their tons of of tens of millions of customers to purchase and promote cryptocurrencies. In the world of banking funds, massive South Asia primarily based banks have began testing cross-border cost techniques for digital currencies in partnership with a consortium of central banks, based on stories.

Dr. Donald Basile, Monsoon Blockchain Corporation’s CEO and founder, is the former CEO of Fusion-IO, an organization recognized for taking part in a serious function in implementing the cloud techniques at main monetary establishments, and international IT giants.

Dr. Basile can be the Co-CEO and Chairman of Roman DBDR, a particular function acquisition firm, which raised $236 million in its preliminary public providing in November 2020. Roman DBDR introduced a merger with CompoSecure, a pioneer in premium cost playing cards whose shoppers embody a few of the world’s largest monetary establishments. The merger of the two corporations will create a mixed enterprise worth of roughly $1.2 billion. CompoSecure will quickly be releasing its new cryptocurrency cold-storage resolution, Arculus, permitting customers to soundly and securely retailer and handle their digital property on a state-of-the-art steel cost card.

More details about Bitcoin Latinum is out there at https://bitcoinlatinum.com/

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any Bitcoin Latinum provided is for academic and informational functions solely and will NOT be construed as a securities-related supply or solicitation or be relied upon as personalised funding recommendation. Bitcoin Latinum strongly recommends you seek the advice of a licensed or registered skilled earlier than making any funding determination.

Media contact

Company: Monsoon Blockchain Corporation

Contact: Wei Ming, Director of Communications

E-mail: [email protected]

Website: https://monsoonblockchaincorporation.com/

Address: 2100 Geng Road, Palo Alto, California 94303, USA

Telephone: +1 800-528-0985

SOURCE: Monsoon Blockchain Corporation

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