Bitmora: A Democratic Cryptocurrency

Blockchain technology has led to the development of several cryptocurrencies. Its system of a decentralized public ledger helps in creating and maintaining a transparent, efficient, accurate and secure system. Blockchain can be accessed by anyone and at any time all across the world.

Bitmora is a new type of cryptocurrency that would allow users to globally exchange cryptocurrency in a professional manner and help set the standard for all professional cryptocurrency. The platform will have low fees, enterprise-grade security, and a unique voting system that has been created to ensure democracy in cryptocurrency exchanges.

About Bitmora

Bitmora would allow people to exchange their cryptocurrencies on a global scale and would take into consideration user's opinions on the cryptocurrency exchange framework. This system would enable putting the future of cryptocurrency in the hands of activist and users alike.

The platform plans on revolutionizing the cryptocurrency exchange system by inculcating a unique voting framework that would make it transparent. It will also help to educate people and make them aware of the various cryptocurrencies that currently exist in the market.

Bitmora plans to provide improvements in terms of security, customer support and efficiency as compared to other exchange platforms that currently exist. It would revolutionize the outdated system by inculcating new standards in an out-of-touch market.

Bitmora is an American cryptocurrency that is an enlisted C-Corp in Delaware, which allows Bitmora to have a strong administrative structure and receive support from various solid banks. Moreover, it is MSB consistent with FinCEN.

How it works

Bitmora uses a smartphone and desktop application for their interface and using a unique component of emotional support provided by their network. Their versatile support system inculcates a telephone system that is not usually provided by cryptocurrency systems.

Besides this, the Bitmora platform will allow users to select if they want to incorporate a fixed rate or basic percentage exchange system. Their fee structure is designed to give back control to the user and to improvise the current exchange framework.

Moreover, the main attractive feature of Bitmora is their voting system. This system will include the users of Bitmora, a private voting group, an Influencer Group, an Advising Board and the Executive Team. Users will be able to give their opinions about cryptocurrencies on the suggestion boards where they get up-voted by other users. The top twenty suggestions to receive the most up-votes are then passed on to the private voting group for review. Once the suggestions receive a 50 percent approval they get passed on to the Influencer Group. This happens despite the suggestions getting a no-vote.

The Influencer Group will then analyze which top five suggestions are important and urgent and need to be passed on for further review to the Advising Board. In the case of a no-vote by the Influencers, the five suggestions with the highest number of votes from our private voting group will be passed to our Advising Board. In the case of a no-vote by Bitmora's private group, the five suggestions with the most up-votes on the original suggestions board post will be passed on to the Advising Board.

After that, a voting will take place by the Advising Board on which suggestions would need to be sent out to the Executive team to put the required changes into effect or give out a reason as to why the suggested changes won't be taking place.

Through their unique enterprise order matching Bitmora will be able to carry out 1 million transactions per second with multiple failover safeguards in place.

Conclusion

The concept behind Bitmora is truly interesting as they will be trying to implement something that has never been done before. It will revolutionize the industry by creating a voting system and developing a strong ecosystem for the exchange of cryptocurrencies.

If executed in the right way, Bitmora can prove to have several applications and can have help in the development of the cryptocurrencies market.

Website: https://bitmora.com/
Whitepaper: https://bitmora.com/whitepaper
Twitter: https://twitter.com/bitmora_inc
Written by ollivander7
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