Bloom Crypto Price Prediction, Value and Chart (BLT)

Bloom (BLT) Frequently Asked Questions

What is Bloom?

Bloom is a decentralized credit protocol that aims to address the existing limitations of the actual credit scoring system. The Bloom protocol will use the Ethereum blockchain to provide a novel approach to the credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issues compliant loans on the blockchain while providing lower fees and improve borrower experience at the credit issuance process. The Bloom platform will feature a BloomID (a global secure identity, allowing lenders to offer compliant loans globally), BloomIQ (a system for reporting and trackingcurrent and historical debt obligations that are tied to a user’s BloomID), and BloomScore (a metric of consumers’ creditworthiness). Bloom token (BLT) is an ERC-20 token that will be used to participate in evaluating user identities and creditworthiness. Furthermore, it will give users voting rights on future developments on the Bloom credit scoring system. Click here for Masternode stats. (Description provided by CryptoCompare)

How do I buy Bloom?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Bloom.

Where can I get Bloom wallet?

Bloom produces its own wallet software that is available for download on its website, which allows you to store Bloom on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Bloom?

One Bloom (BLT) is currently worth $0.02 on major cryptocurrency exchanges. You can also exchange one Bloom for 0.00000078 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Bloom in U.S. dollars is $928.17 thousand.

What hashing algorithm does Bloom use?

Bloom is a coin that uses the ETH Token algorithm.

What coins are similar to Bloom?

The following coins use Bloom's ETH Token algorithm and proof-type: Binance USD, BITCOIN ADDITIONAL, Mammoth, Crypto.com Coin, Parkgene, Dai, DREP, DREP [old], THETA, Polygon, yOUcash, FTX Token, Chainlink, KickToken [old] and Magic Internet Money.

What is the Reddit page for Bloom?

The official Reddit community (subreddit) for Bloom is r/BloomToken.