WEB3
by BSCN
September 7, 2023
As the blockchain landscape evolves, Bitrock's unique features and commitment to transparency position it as a promising contender capable of reshaping the Layer 2 sector.
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article.
Over the last few years, the competition among Layer 2 blockchains has intensified as activity on the Ethereum network continues to grow. A surge in DeFi and NFT applications has resulted in an increased demand for blockspace, translating into higher gas costs. The need for faster and cheaper transactions has led to a flurry of scaling solutions, not just on Ethereum, but gradually expanding to other networks like BNB Chain.
Amidst this landscape of innovation and transformation, Bitrock Blockchain has emerged as a unique and exceptional contender. Since its stealth launch on July 13, Bitrock Blockchain has been capturing the spotlight for a multitude of compelling reasons that set it apart from its competitors.
Unlike many other blockchain projects that rely on venture capital funding, private sales, or seed rounds, Bitrock's development was entirely self-funded by its dedicated team. This self-sufficiency not only demonstrates their commitment but also eliminates concerns about token dilution, as the total supply is equal to the circulating supply, making Bitrock more appealing to potential investors.
The Bitrock Blockchain is not a fork of any existing blockchain. Rather, it is a unique creation, built from the ground up to offer a distinct set of features and capabilities. This originality provides a strong foundation for long-term success.
Security is paramount in the blockchain space, and Bitrock takes it seriously. The core team has undergone Know Your Customer (KYC) verification with Assure DeFi, a security company with a track record of working with legal authorities like the FBI and the US Attorney's Office, as well as other legal jurisdictions and government entities. This commitment to transparency and compliance enhances Bitrock's trustworthiness and paves the way for institutional adoption.
Additionally, Bitrock recently completed a comprehensive successful blockchain and contract audit with CTDSEC, a renowned security firm with a track record of working with established blockchain projects like XRP, Ethereum, and Dextools.
Bitrock uses a Proof-of-Authority (PoA) consensus mechanism, which sets it apart from networks relying on Proof-of-Work (PoW) or Proof-of-Stake (PoS). PoA offers several benefits, including faster transaction speed, lower fees, enhanced scalability, and security, making Bitrock a formidable competitor in terms of efficiency.
Bitrock boasts incredibly low gas fees, with transactions costing just $0.00001 each, making it an appealing choice for both developers and users. With a 2-second block time and a remarkable throughput of 12,000 transactions per second (TPS), Bitrock outpaces competitors like Polygon and Arbitrum. Such swiftness opens up exciting possibilities for a wide range of applications, from DeFi to gaming.
Rockswap, the official Bitrock chain DEX, is set to introduce a multichain integration layer, starting with the Ethereum chain. This feature will allow users to buy and sell tokens on their native chains, such as ETH, without relying on the native chain's swapping mechanisms or paying gas fees in the native token. All gas costs will be equalized and paid in native Bitrock tokens.
Bitrock has introduced an in-house token builder utility that simplifies the process of launching new tokens. This tool requires no coding or technical expertise, enabling anyone to deploy a token by entering a few parameters and deploying the contract. This democratizes token creation on the Bitrock network.
Bitrock offers attractive staking opportunities with an annual percentage yield (APY) of 30% for ETH side staking and a whopping 60% APY for mainnet side staking. Currently, over 40% of the entire supply is staked, demonstrating the community's confidence in the platform's long-term potential.
Bitrock has already integrated with a variety of essential platforms and tools, including Dextools, Dexview, Bitmart, Pinksale, Geckoterminal, Avedex, Trustwallet, and Sphynx Labs, with even more integrations in the pipeline. This growing ecosystem enhances Bitrock's utility and accessibility.
Bitrock welcomes other projects to partner with them through a stringent vetting process. In exchange for this support, Bitrock provides marketing assistance, pre and post-launch support, and various incentives. This approach has already seen successful launches, such as the Rockswap token, which experienced explosive growth from its stealth launch.
In a rapidly evolving blockchain landscape, Bitrock Blockchain's unique features and approach to development position it as a promising player. With impressive technical capabilities, low fees, and a commitment to transparency and decentralization, Bitrock has the potential to reshape the Layer 2 blockchain space and offer substantial benefits to both developers and users.
To learn more about Bitrock Blockchain, visit the following official links:
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