CRYPTO MINING BLOG

Bithumb Global unveils Bithumb Chain blockchain native token

The South Korean cryptocurrency exchange Bithumb Global has announced the launch of its own token – Bithumb Coin. The token will become a native medium of exchange in the ecosystem of the Bithumb Chain blockchain.

The exchange announced the launch of the Bithumb Chain last week, November 6th. An open source blockchain developed by Bithumb. Allows developers to create decentralized financial applications (DeFi), which will form the basis of the new ecosystem.

Now the company is designing a network. The testnet should be launched before the end of 2019. And the launch of the main network is expected in the first quarter of 2020. Bithumb Global co-founder and managing director Javier Sim told Coindesk reporters. That the new blockchain will be built on a “revolutionary consensus model.” He compared it to the Algorand algorithm.

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