Blockchain
Solana and Bitrise to Develop Similar Ecosystems Amidst Rapidly Growing Popularity
- Both Solana and Bitrise ecosystems use the PoS consensus protocol
- Bitrise and Solana ecosystems have powerful Blockchain platforms
- Solana and Bitrise ecosystems have multiple products running on them
New York, New York–(Newsfile Corp. – November 19, 2021) – Solana and Bitrise are two blockchain-based platforms that are rapidly growing popular with the crypto community. Though both Solana and Bitrise projects are different, they are working towards one major goal – to decentralize the financial industry. That’s why both Solana and Bitrise have similarities in their ecosystems.
Bitrise
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Solana, an open-source blockchain protocol that enables users to develop dApps on its ecosystem, is the fastest growing blockchain today. Solana is currently the biggest Ethereum competitor. The team building Solana blockchain is addressing Ethereum shortcomings. Among the biggest Ethereum issues, Solana is addressing are scalability, security, and sustainability.
Bitrise, a Defi protocol built on Binance Smart Chain, is developing a decentralized financial system. Like Solana, the Bitrise team is building a blockchain-based platform that is scalable, secure, and sustainable.
The consensus protocol is one of the similarities that Solana and Bitrise ecosystems have. Both Solana and Bitrise are using Proof-of-Stake consensus protocol, a consensus method that uses validators. The validators will create new blocks on the blockchain and verify all transactions.
With validators, the PoS protocol will be increasing Solana and Bitrise ecosystems’ security, scalability, and sustainability. This is why Solana today is one of the fastest blockchains, with over 50,000 transactions per second. Like Solana, the Bitrise ecosystem is developing one of the safest and fastest, DeFi projects.
Both Solana and Bitrise are building a blockchain. Though Solana already started as a blockchain project, Bitrise is in the process of developing blockchain. The Solana blockchain is still in the development stage, but it’s already operational, and many dAPP developers are already using it.
Solana and Bitrise have already released multiple products on their ecosystems. Already, Solana has more than 400 projects, including Web3, DeFi, and NFTs, running on its ecosystem. Like Solana, Bitrise already has Bitrise Audits, Techrate Audi, and the Bitrise dApp wallet on its ecosystem.
Like Solana, Bitrise is soon launching a centralized exchange. The team is working on having many products in its ecosystem, just like Solana. With both Solana and Bitrise networks using the PoS consensus method, which requires staking, more products on the ecosystem will be crucial because staked Solana tokens share revenue these products generate.
Solana and Bitrise are still in the development stages, and a lot more similarities could develop along the way. Solana is far more developed, and Solana users are already enjoying benefits like Solana staking rewards.
Like Solana, Bitrise is developing very fast. Bitrise has announced exciting updates coming soon, including staking and the exchange launch. The development will show which direction the project will take and how similar it will be to Solana.
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/104341
Blockchain
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Blockchain
CfPA Announces 2024 Regulated Investment Crowdfunding Summit: a growing economic force powering American entrepreneurism and innovation
Today, October 21, 2024, at the Victoria Palace, the official launch of the “Agerpres Daily News | Hold History”, initiated by ICI Bucharest and the National Press Agency AGERPRES, with the support of the Ministry of Research, Innovation and Digitization. The event marked an important step in combating disinformation and promoting authentic journalism by integrating blockchain technology and non-fungible tokens (NFTs).
The project “Agerpres Daily News | Hold History’ aims to transform authentic and verified news into unique NFTs, giving consumers the opportunity to own a piece of the most relevant moments in daily news. These NFTs, available on the ICI D|Servicesplatform, each represent a ‘time capsule’, immortalizing significant moments in national and global current affairs. NFTs are released daily in limited editions and are accompanied by photos, article snippets or digital art.
The project includes a loyalty program for NFT collectors, who can access special rewards such as digital art pieces, exclusive content, or invitations to events organized by AGERPRES. An innovative feature, “NFT-to-Vote”, is also being explored, whereby NFT holders will be able to influence future news topics. This initiative marks a new way of interacting with news, where audiences can not only consume but own and actively participate in everyday history.
Bogdan Ivan, the Minister of Research, Innovation and Digitalization, emphasized in his speech the importance of this project: “In a world dominated by digital challenges, the use of blockchain to guarantee the authenticity and truthfulness of information is essential. The launch of Adrian-Victor Vevera, the general director of ICI Bucharest, highlighted the added value of the project: “I believe that the young people present in this room are the future consumers of this program, a project that appeared as a continuation of the first collections of NFTs launched with Agerpres. We started with a necessity – validated news and ended up using blockchain technology to certify and validate the news. Other blockchain technology projects will be launched in November this year, so I invite you to stay tuned.”
Claudia-Victoria Nicolae, the general director of AGERPRES, drew attention to the importance of integrating the needs of the new generation: “It is time to adapt and innovate in order to reach young people with the quality information they need. “Agerpres Daily News | Hold History” is not only a step forward for journalism but a necessity in the digital age.”
The event was attended by students at the Faculty of Journalism and Communication Sciences of the University of Bucharest and students at the Romanian-American University, who appreciated the educational and informative potential of this initiative. The project is an essential tool in the fight against disinformation, giving citizens the opportunity to easily collect and verify authentic information.
The post ICI Bucharest and AGERPRES launched the project “Agerpres Daily News | Hold History” appeared first on HIPTHER Alerts.
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