Monsoon Blockchain is facilitating the launch of Bitcoin Latinum on public exchanges in 2021.ĭr. The initial industries to be serviced will be gaming, financial services, telecommunications, media and entertainment, and cloud and data storage. The goal is to protect Bitcoin Latinum from 51 per cent attacks.Īs the first adopter, Monsoon Blockchain will utilize Bitcoin Latinum in developing various blockchain technologies and business solutions, in addition to digitizing and listing assets for companies and organizations across the globe. Thus, the more Bitcoin Latinum is adopted the faster its asset funds grow, creating a self-inflating currency.īitcoin Latinum uses a representative government model to achieve democracy in its ecosystem by allowing community members to participate in the governance mechanism of the protocol via the staking model. It accelerates this asset-backed fund growth by depositing 80 per cent of the transaction fee back into the asset fund that backs the currency. Bitcoin Latinum’s asset-backing is held in a fund model, so the base asset value increases over time. It is also an asset-backed cryptocurrency, and is working to be the world’s largest insured digital asset. Incumbent tokens such as Bitcoin demand up to 885+ kWh, and Ethereum 102+ kWh of energy consumption per transaction, compared to Bitcoin Latinum which reduces the amount to 0.00015 kWh per transaction. This leads to less electricity consumption. PoS enables LTNM holders to earn rewards for holding their coins as collateral to stake on the Bitcoin Latinum network. This immediately leads to reduced transaction size and increases the transaction volume capability.īitcoin Latinum uses an advanced version of the proof of stake (PoS) mechanism to counter the inherent problems of Proof of Work (PoW) based networks. Utilizing a consensus mechanism, Monsoon said Bitcoin Latinum provides a much better on-chain payment network compared to Bitcoin, with an average transaction confirmation ranging from three to five seconds.

Bitcoin latinum launch date