Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

How Solana and Cardano Has Similar Ecosystem As Bitrise

CryptocurrencyNov 25, 2021 07:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
How Solana and Cardano Has Similar Ecosystem As Bitrise

Bitrise, one of the fastest-growing crypto coins in the crypto market, has been making big moves over the last few months. The staking process is the biggest milestone for this DeFi project, and the crypto community is very excited.

  • Innovative and investor rewarding tokenomics.
  • Bitrise ecosystem will host multiple products.
  • PoS consensus mechanism.

So far, Bitrise coin is being compared with giants in the crypto market like Solana and Cardano. The ecosystem of this platform is being likened to that of Solana and Cardano, something that is attracting crypto investors to this coin. The consensus protocol method, multiple products on the ecosystem, and investor rewarding programs are some of the major similarities.

Though both Solana and Cardano are blockchains protocols and Bitrise a Defi protocol, they have almost the same problems to fix according to their whitepapers. The issue of security, scalability, sustainability, and high transaction costs are what all these ecosystems are working on to improve decentralized platforms.

Bitrise, Solana, and Cardano ecosystems are using the Proof-of-Stake protocol, which is one of the biggest solutions to the mentioned problem. The consensus mechanism uses validators to do two main things: build new blocks on the blockchain and verify all transactions on the blockchain.

With validators verifying all transactions, it is making it difficult for a few users or hackers to complete transactions on the blockchain system successfully. That’s how the issue of security has been addressed.

The PoS protocol is also playing a key role in addressing scalability issues on blockchain systems. The building of the new blockchain blocks by validators is done faster than the mining process, and this is how high speed is an issue is addressed. Solana has reached over 50,000 transactions per second, making it the fastest blockchain so far.

According to their websites, all these ecosystems will be hosting multiple products. Currently, Solana and Cardano have multiple products, including Web3, DeFi, and NFTs, running on their ecosystems. Bitrise has Audits, Techrate Audi, and the dApp wallet running. The exchange and the blockchain are in the development stage, according to the team.

All three ecosystems have also been designed to reward investors. From their tokenomics, these ecosystems have attractive rewards, which is why they have continued to grow popular with crypto investors. Bitrise coin has very appealing token holding and staking rewards.

Like Solana and Cardano, the Bitrise ecosystem provides investors with an opportunity to stake their BRISE tokens and get good returns from the revenue generated by the products on the ecosystem. The platform will be sharing 80% APY of the generated revenue among the staked tokens.

With the multiple products on the ecosystem, then this will be a huge amount, which is thousands are joining the coin. Solana and Cardano’s ecosystems are also giving attractive staking, and that is why they have remained popular.

Bitrise has announced the launch of the staking process by the end of November. Follow their social for prompt updates!

Website| Telegram.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Continue reading on CoinQuora

How Solana and Cardano Has Similar Ecosystem As Bitrise
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Stephen Fa
Stephen Fa Nov 25, 2021 9:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Caution on Bitrise. Cardano has more transparency into vital PoS workings and security.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email