Bitrock Unveils Ethereum IBFT 2.0 Side Chain, Redefining Blockchain Transactions with Lightning Speed and Near-Zero Gas Fees July 21, 2023 July 21, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 21, 2023 by Kelly Cromley

Bitrock Unveils Ethereum IBFT 2.0 Side Chain, Redefining Blockchain Transactions with Lightning Speed and Near-Zero Gas Fees

The launch of Bitrock, the Ethereum IBFT 2.0 Proof of Authority (PoA) side chain, has had a notable impact on the blockchain industry. This cutting-edge platform presents a revolutionary solution with minimal native gas fees and rapid block times, providing users with a cost-efficient, scalable, and high-speed infrastructure. One of the notable aspects of Bitrock is its groundbreaking multichain DEX swap functionality, which facilitates effortless trading of cryptocurrencies directly on their respective native chains. This eliminates the necessity of gas fees or the requirement to hold native chain tokens.

Bitrock distinguishes itself as a comprehensive and innovative Ethereum side chain solution, setting it apart from other side chains that may have limitations in terms of speed, scalability, and cost. The multichain DEX swap distinguishes itself through its distinctive approach, enabling users to directly trade cryptocurrencies on their respective native chains, eliminating the need for intermediaries. Additionally, the attractiveness of Bitrock as an investment opportunity stems from its inclusive nature, as it does not involve private sales, significant presales, or venture capital support. This characteristic makes it appealing to a wider range of retail investors.

Following extensive testing on the Testnet, Bitrock promptly introduced its operational Testnet, and a mere three days later, unveiled the Mainnet featuring an impressive block time of 2 seconds and minimal gas fees. This accomplishment revolutionizes the speed and cost of transactions, offering a smooth and user-friendly experience for native chains. Bitrock is collaborating with Sphynx labs to introduce a chain bridge that will facilitate the seamless conversion of ERC-20 BROCK tokens to native BROCK. Additionally, Bitrock is actively working on improving the multichain DEX swap feature to minimize gas fees and enhance user convenience.

The game-changing layer 2 solution offers revolutionary multichain DEX swap and attractive staking opportunities for users

Bitrock is a robust framework that has been specifically designed to prioritize speed, security, scalability, and EVM-compatibility. Its primary purpose is to provide a reliable and sturdy infrastructure for the deployment of smart contracts. Bitrock is a highly favored option among developers who are in search of a cost-effective and user-friendly environment for constructing decentralized applications, owing to its exceptional 2-second block time and remarkably low gas fees of approximately 0.000001 GWEI.

Bitrock has developed a meticulously designed tokenomics system with the objective of establishing a prosperous and enduring ecosystem. The platform has a total token supply of 100,000,000 and incorporates a 4% tax distribution on both buying and selling transactions. Of the total, 3% is allocated towards supporting ongoing development and fostering innovations, while an additional 1% is dedicated to maintaining liquidity in order to ensure a stable market environment. These initiatives support the principles of sustainability, facilitate expansion, and contribute to Bitrock’s enduring achievements in the blockchain industry.

Bitrock not only provides a wide range of robust features but also presents appealing staking opportunities for token holders. These opportunities offer an impressive Annual Percentage Yield (APY) of 90% with a lock-up period of just 7 days. By staking Bitrock on the Ethereum network, users have the opportunity to receive rewards that are adaptable to their needs, all while maintaining a high level of security and ensuring the stability of their investment in the long run.

The ecosystem of Bitrock is augmented with a range of tools and services that aim to improve user experience and provide support to developers. Our platform offers a range of powerful features to enhance your blockchain experience. These features include a comprehensive Network Explorer, which allows you to easily track and monitor blockchain activities. Additionally, we provide a user-friendly Swap/DEX for seamless token trading. Our Token Builder dApp simplifies the process of creating and launching BROCK-20 tokens. Lastly, our vibrant NFT Marketplace brings together buyers and sellers, offering enticing staking options. Bitrock’s offerings position it as a dynamic and forward-thinking platform within the blockchain industry.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.