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Blockchain

Safemoon Competitor Bitrise Has Started Its Exchange Development and Doing Extensive Research on Parachain & Relay Chain

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New York, New York–(Newsfile Corp. – November 3, 2021) – To make money in the crypto market, investors must invest in the most valuable. A good coin has the potential of multiplying in value within a very short time. Safemoon is, without a doubt, among the top tokens today. Many people, especially early investors, have made millions of dollars in profits from the Safemoon token.

Bitrise

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But investors need to pay more attention to the Bitrise coin, which is currently one of the toughest Safemoon competitors. A look at the performance of this coin since launching shows that this is a coin to watch. Since Bitrise launched around the end of July, the team has done an incredible job. One thing the team must be commended for is sticking to the roadmap.

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Barely a month after the launch of the Bitrise token, Bitrise Audit Solutions was up and running as the first product. The program utilizes cutting-edge AI technology to offer free audits to smart contracts and blockchains to check for the proper functioning and security of these platforms. It has been a game-changer in audits, and hundreds of people have used it so far. Most tokens, including Safemoon, are not offering such a product.

The next product in the line was the Bitrise dApp wallet that enables users to send, receive, store and swap various coins, as well as add BEP20/ERC20 custom tokens. The wallet also supports P2P transactions. The team delivered the wallet as promised in the roadmap.

The mobile app wallet was released on 28th October 2021, and the Beta 2 version is currently available on Google Play Store for Android smartphones. Soon, the wallet will be available on the Apple App Store for iOS smartphones.

Bitrise wallet combines an intuitive interface with powerful functionality to give users a mind-blowing experience. Users can trade, play blockchain games, check prices, and surf charts, as well as accessing the latest DApps platforms without leaving the wallet. The dApp wallet secures digital assets with private keys, mnemonic phrases, password authentication, and more, making it one of the most secure wallets. With Bitrise Wallet, crypto traders will not need Trust Wallet.

The Bitrise team is currently in the process of launching the revenue sharing staking programs, and the staking process is starting at the end of November. All these are moves that have made Bitrise very aggressive towards Safemoon and other coins competitors.

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The latest announcement that has taken the coin competitiveness a notch higher is the development of the Bitrise exchange. This is one of the products in the token’s roadmap. Note that Safemoon is also working on an Exchange, but Bitrise exchange will be superior, which will definitely make the token more competitive.

Bitrise exchange will offer lower transaction fees, 2FA/SMS security, which is a very secure verification system, and high-speed transactions. Users will also have access to thousands of tokens because, as mentioned above, the wallet supports multiple blockchains. Bitrise exchange will offer one of the best user experiences upon launching, which will make the token more aggressive towards Safemoon, and other competing coins.

Bitrise exchange will launch in the second last stage as per the roadmap. But this wouldn’t be that long, considering the pace at which the team is getting things done. From the details provided by the team, it is definitely an exchange to watch.

The news coming from the Bitrise team is that they have started extensive research on Relay Chain and Parachains. The news was welcomed by investors as it will be a game-changer in DeFi. Incorporating this blockchain technology in the Bitrise network will make it more powerful than Safemoon and many other competing crypto projects.

Widely used Polkadot network, Relay Chain, and Parachains have been found to improve blockchain networks’ scalability, interoperability, and flexibility. With the parachain model, a network can achieve scalability at Layer-1 rather than the most common Layer-2 solution. Therefore, it is a move that will make the coin more competitive in the crypto market.

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There is no doubt that the Bitrise crypto project is something to watch in 2021. Compared in terms of products and tokenomic with most tokens, including Safemoon, Bitrise has proven superior in both.

Media Contact

John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken

PR – Cryptoshib.com
Email – [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101849

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Blockchain

Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users

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Humanity Protocol, a $1 billion decentralized, privacy-first digital identity blockchain project, is excited to announce its collaboration with OKX Wallet, which will serve as an identity validator for its testnet ecosystem. This collaboration introduces a seamless way for users to engage with decentralized identity while offering unique rewards for OKX Wallet participants.
Testnet users signing up with OKX Wallet will receive a 10% bonus in their airdrop allocation during the token launch. By connecting their OKX Wallet during the Humanity Protocol testnet registration process, participants will be issued a verifiable credential that confirms wallet ownership. This credential ensures fair distribution and protects user privacy, creating a seamless and secure onboarding experience.
Verifiable credentials form the foundation of Humanity Protocol’s decentralized identity system. These credentials validate wallets as unique OKX Wallet users, safeguarding the ecosystem from fraud, such as duplicate registrations and Sybil attacks. While operating behind the scenes, they play a critical role in maintaining transparency and fairness while enabling privacy-first participation in the network.
“We are thrilled to collaborate with OKX Wallet for our testnet,” said Terence Kwok, Founder of Humanity Protocol. “This collaboration strengthens our mission to create a secure, decentralized identity network. By combining Humanity Protocol’s privacy-preserving solutions with OKX Wallet’s trusted infrastructure, we’re not only simplifying user participation but also fostering trust and fairness across the ecosystem. Together, we aim to set a new standard for privacy and transparency in the blockchain space.”
OKX Wallet, known for its user-friendly design and robust security, plays a critical role in this collaboration by enabling secure wallet verification and streamlining user participation.
Humanity Protocol is dedicated to building a decentralized future rooted in privacy and security. By integrating OKX Wallet as an identity validator, the protocol ensures a trustworthy network that benefits both participants and the broader blockchain community.

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.

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Blockchain

CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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