Blockchain
Bitrise Will Be a Tough Challenger for Safemoon V2 After Staking Launch
New York, New York–(Newsfile Corp. – November 16, 2021) – After staking launch, Bitrise will be a tough challenger for Safemoon V2. Safemoon, a DeFi protocol built on Binance Smart Chain, just launched the widely anticipated Safemoon V2. Safemoon V2 is an upgrade and the second Safemoon protocol contract, which the team believes will take Safemoon to the next level.
Bitrise
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The launch of Safemoon V2 is an exciting development for the Safemoon community members who believe the upgrade will add value to the Safemoon coin. The upgrade also aims for additional use-cases, which will make Safemoon more competitive.
The ability to change the token’s consolidation formula, improved security, better quality, and increased accessibility of Safemoon are among the reasons given by the Safemoon team for the Safemoon V2 launch.
But as a DeFi project, Safemoon V2 will have to compete among other DeFi projects, some of which are growing very popular with the crypto community. One of the toughest Safemoon V2 challengers is Bitrise coin, a relatively newer coin than Safemoon that is popular with the crypto community. Like Safemoon, Bitrise coin is a DeFi project built on Binance Smart Chain.
Launched on 28th July 2021, that’s 5 months after Safemoon, Bitrise has accomplished a lot, which makes it a tough Safemoon competitor. Already, the Bitrise team has announced the launch of staking, which Safemoon V2 has not yet.
With the upcoming staking process, Bitrise is already ahead of Safemoon V2. Safemoon will take time to catch up with Bitrise. The huge staking rewards are already attracting even Safemoon community members to join Bitrise coin.
However, staking is just one thing that makes Bitrise coin a tough Safemoon challenger. Here are other reasons why even Safemoon members are still joining Bitrise even with the contract upgrade.
- Fast accomplishments
- Token accessibility
- Bitrise security
- Higher number of products
Coming 5 months after Safemoon and being ahead of Safemoon in developing the DeFi protocol is a huge accomplishment. The Bitrise project is barely 4 months old and is already about to launch staking.
Unlike Safemoon V2, Bitrise has more products on its network, including Bitrise Audits and Bitrise Wallet. A lot of revenue will be generated for the members staking their tokens.
The Bitrise system offers impressive security, and the token is easily available on exchanges such as Bitmart. With staking coming soon, Bitrise will be a very tough Safemoon V2 challenger.
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103767
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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