Intercontinental Exchange (ICE), which owns the New York Stock Exchange, adds Bytom into its Cryptocurrency Data Feed.
As the owner of dozens of exchanges and clearing houses, Intercontinental Exchange is updating its data services by streaming real-time data of cryptocurrency prices, the number of daily transactions and orders volumes. Among the 58 cryptocurrencies list, popular listings include BTC, ETH, EOS as well as new entrants like Bytom (BTM)
In this January, ICE announced its partnership with Blockstream for offering the cryptocurrency data feed to ‘help address the need for transparency and offer investors a comprehensive view.’ The feed delivers real-time and historical data for the most widely and actively traded cryptocurrencies, covering almost 60 cryptocurrencies from 30+ trading venues, markets and exchanges, providing 200M+ updates daily across 400+ crypto/fiat and crypto/cryptocurrency pairs. It is one of the most comprehensive cryptocurrency trading tools available for expert and novice traders alike.
The service is backed by ICE’s SFTI (Secure Financial Transaction Infrastructure) which will mean zero downtime for investors and immediate notifications when issues do arise.
ICE is betting that as more mainstream financial institutions are considering entering the cryptoeconomy, the company’s growing crypto data feed can become the one-stop info suite for all things necessary to enterprise-grade cryptocurrency trading that the crypto industry is looking to attract investments from around the world. Individuals can also benefit from the P2P nature of the Bytom platform and help develop specialized applications that can then be programmed into the Bytom chain.
Bearing the same idea, some traditional exchanges and hedge funds have showed their interests in crypto assets. Nasdaq CEO Adena Friedman once said that“It is difficult to ignore the huge amount that investors, including some of the most sophisticated global investors, have poured into digital currencies in recent years”. Other big banks and financial institutions like JP Morgan Chase, Goldman Sachs, Citi Group, Barclays Bank and other investment entities have also expressed interest towards the new industry at one point and they might already be trading on a smaller scale.
Bytom Blockchain Protocol (referred as Bytom) is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and so forth that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom. Bytom’s mission is to create diverse assets and programmable economy that works for all digital assets.
Bytom has adopted a three-layer architecture: application layer, contract layer and data transmission layer. The application layer is friendly to mobile and other platforms and convenient for developers to develop asset management applications. The contract layer uses genesis contract and controlling contracts for asset issuance and management. The contract layer supports BUTXO, an upgraded UTXO model, where EVM is optimized and introspection mechanism is used to prevent deadlock in Turing complete. The data transmission layer adopts distributed ledge technology to achieve asset issuing, spending, transferring and other operations.
Bytom’s consensus mechanism is POW algorithm which is friendly to AI ASIC chips. Matrix and convolution calculation is introduced into the hashing process so that the mining machines can be used for AI hardware acceleration, generating additional social benefits.
With Bytom now being displayed by the Intercontinental Exchange (ICE), the project is expected to gain more traction in the coming months. It is a unique P2P platform where financial and asset applications can be programmed into by Institutions and individuals alike.
For more information regarding the Bytom project, visit its official site here.
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