Blockchain
Solana Inspired Project Bitrise Coin Team Is Working on Parachain
New York, New York–(Newsfile Corp. – November 15, 2021) – Solana is a blockchain platform hailed for being one of the biggest Ethereum competitors. The Solana team is building a blockchain platform that will address Ethereum shortcomings. SOL is the Solana native coin, and at present, Solana ranks among the fastest-growing Ethereum competitors in the crypto market.
Bitrise
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Solana has accomplished so much since it was launched in early April of 2020. The Solana team has made huge strides in building a blockchain network. Already, Solana has more than 400 projects spanning from Web3, DeFi and NFTs running on its ecosystem.
Apart from the fast accomplishments, the Solana team has also ensured that Solana users are getting value. The Solana coin, SOL, has grown from dollar cents to over $230 at the time of writing.
Solana has inspired many projects, one of them being Bitrise coin, a DeFi protocol built on Binance Smart Chain. Like Solana, the Bitrise team is building one of the biggest projects in DeFi. Launched on 28th July 2021, slightly one year after Solana’s launch, Bitrise coin has made incredible accomplishments for a project that was started barely 4 months ago.
Like Solana, Bitrise’s decentralised financial system is far ahead of similar projects that started together. Like Solana, the team is building this project at a great speed. Within a month of token launch, Bitrise launched Bitrise Audits and Techrate Audit. These are audit programs for smart contracts and blockchains like Solana.
In the next month, after releasing audit programs, the team was back with the much-awaited Bitrise dApp wallet. The multi-currency wallet can be used to transact hundreds of coins, including Solana coin, SOL. That’s how much Bitrise has done so far in terms of products, and like Solana, the coin will be launching more products soon.
Solana has been rewarding members in a big way. Bitrise has been using the same Solana model. The team at Bitrise says that they are designing a platform that will reward members, just like Solana. The project tokenomics and staking are designed for success like Solana.
The Solana team has a mechanism that ensures Solana’s value is maintained. The Bitrise team has a similar mechanism to Solana. The protocol uses a buyback contract, just as the Solana network, to control the reduction of tokens in the liquidity pool. The contract ensures pool tokens are gradually reduced to create demand. Like Solana, the Bitrise coin has been very stable in the market and has impressive growth.
Bitrise coin is also offering its token holders rewards for just holding coins. Solana networks reward Solana token holders. Bitrise network charges 12% for every token sale, and 4% is distributed to token holders.
Bitrise at present is taking its rewards even further in this month of November. Like Solana, the team will be launching the much-awaited staking process. Bitrise will be distributing a huge chunk of the revenue degenerated.
Bitrise, just like Solana, is in a push to release more products in its ecosystem. Bitrise is producing more products to increase network revenue collection. The centralised Bitrise exchange is coming, and this means more staking rewards.
The Solana ecosystem is already supporting hundreds of products. The Solana team has announced that more products will be joining the Solana ecosystem. There is a lot going on at Solana, and the team behind Solana blockchain has been updating users on a regular basis.
There is a lot to show that Solana will be one of the fastest-growing blockchain platforms. As a competitor to Ethereum, the Solana team is working to make the Solana blockchain live to user’s expectations. Like Solana, the Bitrise team is doing everything to make Bitrise the biggest thing in DeFi.
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
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Blockchain
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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.
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