Blockchain
Safemoon V2 Cannot Compete With Bitrise Coin – Says Community
New York, New York–(Newsfile Corp. – November 16, 2021) – Safemoon V2 can’t compete with Bitrise. Safemoon has launched the widely anticipated Safemoon V2, an upgrade of the previous Safemoon protocol contract. The upgraded Safemoon contract is expected to make the Safemoon DeFi project more competitive with the team calling it a Safemoon comeback.
Bitrise
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Safemoon V2 will be addressing three major things according to the team: changing the coin’s consolidation formula to 100:1, increasing Safemoon contracts security, and making Safemoon tokens more accessible. With this upgrade, Safemoon community members are expecting that the Safemoon token will bounce back.
But Safemoon V2 will have to compete with other DeFi projects like Bitrise, a coin that is mooning and already growing very popular with the crypto community. Launched on 28th July 2021, 5 months after Safemoon launch, Bitrise coin already proved the biggest thing in DeFi and a tough Safemoon V2 competitor.
The crypto community is saying that Safemoon V2 cannot compete with Bitrise coins. Barely four months after launch, Bitrise has made more accomplishments than Safemoon, according to the crypto community.
Though Safemoon V2 is promising to improve Safemoon network security and improve Safemoon token accessibility, users say the upgrade can compete with Bitrise. Among the areas Bitrise as DeFi project is stronger than Safemoon V2 are:
- Fast accomplish
- Secure network
- Better token accessibility
- Products on network
Bitrise has accomplished so much more than Safemoon in less than four months. Within the first 3 months, Bitrise coin had Bitrise Audits and Bitrise dApp Wallet running. Safemoon V2 will only have the Safemoon wallet as a product since its launch in March 2021.
Bitrise coin has already announced the launch of the staking, and Safemoon V2 is yet to mention staking. With staking, Bitrise will have made huge steps ahead of Safemoon. Already, there have been reports of Safemoon community members joining Bitrise coin after the staking announcement.
Unlike Safemoon V2, Bitrise announced that its exchange is in the development stage, and the team is already researching Relay Chain and Parachains for blockchain development. Such accomplishments are making Bitrise superior to Safemoon V2.
Safemoon V2 will improve contract security, but Bitrise network also offers incredible security features. From the private keys, mnemonic phrases to password authentication Bitrise network is very secure. The Bitrise team recently announced the listing of Bitrise token on the Bitmart exchange, which will make the coin more accessible.
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
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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.
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Blockchain
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Blockchain
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