Bitcoin.com, a digital ecosystem and secure self-custody platform where users can easily and securely interact with cryptocurrencies and digital assets, has joined the Chainlink BUILD program to help accelerate adoption of VERSE ecosystem dApps and receive increased technical support for Chainlink’s proven Web3 services, which include verifiable random, decentralized price dataand reliable smart contract automation.
What is VERSE?
With over 35 million wallets created and over 5 million active users, Bitcoin.com has played a leading role since 2015 in onboarding millions of newcomers to Bitcoin, cryptocurrency, and commerce. wider Web3 industry. A trusted brand, Bitcoin.com acts as the first point of contact for newcomers to securely interact with and learn more about this revolutionary technology.
Verse is the next step in Bitcoin.com’s mission to establish blockchain as an integral part of society with the goal of creating more economic freedom in the world. The VERSE token, currently for sale on getverse.com will provide utility in the Bitcoin.com ecosystem while also acting as a rewards mechanism to encourage positive actions such as self-custody assets. VERSE also refers to an ecosystem of decentralized applications (DApps) that will guide millions on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest growing verticals. fast from Web3 today.
Why we joined Chainlink BUILD
Bitcoin.com joined BUILD to maximize the security and reliability benefits provided by Chainlink’s oracle infrastructure and to help accelerate adoption of the VERSE ecosystem.
As part of BUILD, Bitcoin.com will gain key benefits, including access to and integration of on-chain price data via Chainlink Price Feeda random number generator verifiable via VRF chain linkand decentralized automation of smart contracts through Chain link automation. These proven services will act as essential infrastructure for the Bitcoin.com Verse ecosystem. Bitcoin.com will also have access to new alpha and beta versions of the Chainlink product and increased technical support, among other benefits.
In exchange for these services, Bitcoin.com will make several percentage points of the VERSE token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives allow the Bitcoin.com and Chainlink communities to support each other.
How Chainlink Services Help Power the VERSE Ecosystem
Built on Ethereum but with a focus on expanding into low-cost EVM chains, Verse’s DApp ecosystem will kick off with multi-chain DEX Verse and expand to integrate a range of DApps, some of which will be incubated by the Verse Development Fund.
“We have chosen to use Chainlink as our preferred oracle solution in the Verse DApp ecosystem because the Chainlink network has proven time and time again to be the most reliable and secure oracle solution on Web3” , said Dennis Jarvis, CEO of Bitcoin.com. “Bitcoin.com is the primary gateway for Web3 newcomers, and leveraging Chainlink services helps ensure they have the best possible experience while navigating the many exciting use cases of decentralized finance.”
“We are thrilled to welcome Bitcoin.com and the VERSE ecosystem to Chainlink BUILD. With the support of Chainlink’s secure and reliable oracle services and increased alignment with the Chainlink ecosystem, VERSE can build next-generation decentralized finance applications that accelerate the pace of Web3 adoption. —Johann Eid, VP of Marketing at Chainlink Labs.
Chainlink is the industry-standard web3 services platform that has enabled trillions of dollars in transaction volume in DeFi, insurance, gaming, NFT, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation on any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain link or by reading the developer documentation at docs.chain.link. To discuss an integration, contact an expert.
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With accessible educational materials, timely and objective information, and intuitive self-preservation products, we empower everyone to buy, spend, trade, invest, earn, and stay current with the cryptocurrency and the future of finance.
The VERSE token will be launched after the conclusion of the Verse Token Sale, which ends on November 30.
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