Blockchain
Bitrise Is Better than Safemoon V2 – Says Crypto Community
New York, New York–(Newsfile Corp. – November 15, 2021) – Safemoon, a DeFi protocol built on Binance Smart Chain, is preparing to make a comeback with an upgrade, Safemoon V2. The Safemoon V2 has been one of the most popular products on the website and will be the second Safemoon product after the release of the Safemoon Wallet. Safemoon token price has been dropping, although the token has made it among the top 100 crypto coins by the market capitalisation.
Bitrise
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The Safemoon V2 has been the talk in the recent past and has brought some attention to the Safemoon project. But as DeFi, Safemoon will still have to compete with aggressive competitors. Bitrise, a highly potent coin and one of the fastest-growing cryptos, is one of the biggest Safemoon competitors. Launched on 28th July 2021, the coin has been compared with Safemoon in many cases. In fact, users are calling Bitrise coin the next Safemoon.
Like Safemoon, Bitrise is a DeFi protocol built on Binance Smart Chain. The Bitrise team is building a decentralized financial system just like Safemoon but a powerful system. The design of the Bitrise protocol is what differs from Safemoon. Even with the release of the Safemoon V2, the Safemoon project will still be facing tough competition from Bitrise on various aspects.
There are a number of ways that the crypto community is saying that Bitrise is better than Safemoon V2. The value between Safemoon and Bitrise has been at the heart of this discussion. Safemoon has been compared to Bitrise on matters of tokenomics.
Bitrise coin has been rated the best in rewarding users due to its innovative tokenomics. Unlike Safemoon, Bitrise’s has a contract that automated the regulation of the tokens in the liquidity pool. Safemoon has a buyback contract too, but token burning is manual. Unlike Safemoon, Bitrise buyback contact also burns automatically. This is one of the features making the crypto community vote Bitrise over Safemoon. The Safemoon V2 is not addressing this shortcoming.
Safemoon V2 is not changing how users will be getting the reflections from holding tokens. This is an area where the crypto community says Bitrise is doing better than Safemoon. Unlike Safemoon, Bitrise members are rewarded with BNB for holding tokens. The difference it has over Safemoon is the automation of distribution to the token holders’ wallets.
Safemoon V2 is the second product that the Safemoon team is releasing after months of the Safemoon wallet release. Bitrise has been delivering fast within less than four months. Unlike Safemoon, Bitrise has three products already, including Bitrise Audits and Techrate Audit, both launched in late August. Like Safemoon, Bitrise dApp wallet is also out and was launched on 28th October.
Apart from Safemoon wallet and the recent Safemoon V2, Safemoon has been slow considering it was launched 5 months before Bitrise coin. Therefore, the crypto community says Bitrise is delivering faster than Safemoon, which is making it better.
Safemoon team says Safemoon V2 will improve the security of Safemoon and accessibility of Safemoon tokens. The team at Bitrise is building a Blockchain-based DeFi protocol with incredible scaling and throughput features. Like Safemoon, the Bitrise platform is currently processing thousands of transactions.
Safemoon V2 is the next big thing on the Safemoon platform, but Bitrise coin is way ahead. The Bitrise team recently announced the launch of the staking process and is about to launch the staking program, which was under beta testing phase at the time of writing. Safemoon has not launched or announced the staking on the Safemoon network.
Safemoon V2 is a big milestone in the development of the Safemoon platform, but it will have to compete with the Bitrise team, which is several steps ahead of Safemoon in building its DeFi product. Soon, Bitrise coin is launching a staking program and, later on, a cryptocurrency exchange. It is this delivery rate that is making crypto community rate Bitrise better than Safemoon V2.
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
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
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.
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.
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.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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