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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103783
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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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