Bitcoin.com has joined the Chainlink BUILD program to help accelerate the adoption of VERSE ecosystem dApps and receive more technical support for Chainlink’s tried-and-true Web3 services, which include verifiable randomness, decentralized price data, and trustworthy smart contract automation. Bitcoin.com is a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets.
What Is VERSE?
Since 2015, Bitcoin.com has taken a prominent position in introducing millions of new people to Bitcoin, cryptocurrencies, and the greater Web3 business. Over 35 million wallets have been established, and more than 5 million active users are on the platform. As a reputable brand, Bitcoin.com is the first point of contact for newbies to communicate and learn about this technology without risk.
The verse is the next stage in Bitcoin.com’s ambition to make blockchain a fundamental part of society to increase economic freedom worldwide. The VERSE token, presently on sale at getverse.com, will have uses inside the Bitcoin.com ecosystem and serve as a mechanism for rewarding good deeds like self-custody assets. VERSE also refers to an ecosystem of decentralized applications (DApps) that will help millions of people on their path away from Bitcoin and toward decentralized finance (DeFi), one of the Web3 industries that is now expanding at the fastest rate.
Why We Joined Chainlink BUILD
To take full advantage of the security and dependability that Chainlink’s oracle infrastructure offers and to hasten the uptake of the VERSE ecosystem, Bitcoin.com joined BUILD.
With the help of Chainlink Pricing Feeds, Bitcoin.com will have access to and be able to integrate on-chain price data. Chainlink VRF, a verifiable random number generator, and Chainlink Automation, a decentralized smart contract automation platform, are other crucial advantages of BUILD. These tested services will be a foundational component of the ecosystem supporting Bitcoin.com Verse. Among other benefits, Bitcoin.com will also have access to upcoming Chainlink product alpha and beta versions and improved technical assistance.
In return for these services, Bitcoin.com will gradually make several percentage points of the total VERSE tokens accessible to Chainlink service providers, including stakers. The Bitcoin.com and Chainlink communities can support one another thanks to these mutually beneficial economic incentives.
How Chainlink Services Help Power the VERSE Ecosystem
Verse’s DApp ecosystem will begin with the multichain Verse DEX and extend to include a variety of DApps, some of which will be nurtured by the Verse Development Fund. Verse’s DApp ecosystem is built on Ethereum with a focus on expanding into low-fee EVM networks.
According to Dennis Jarvis, CEO of Bitcoin.com, “We have decided to use Chainlink as our preferred oracle solution across Verse’s DApp ecosystem because the Chainlink Network has proven time and time again that it is the most dependable and secure oracle solution in Web3.” “Bitcoin.com is the main entry point for Web3 newcomers, and utilizing Chainlink services helps ensure they have the best experience possible while navigating the many exciting use cases in decentralized finance,” says the author.
“We are happy to welcome the VERSE ecosystem and Bitcoin.com to Chainlink BUILD. With the assistance of Chainlink’s dependable and secure oracle services and closer adherence to the Chainlink ecosystem, VERSE may create Web3 adoption-hurdling next-generation decentralized finance applications. —Johann Eid, Chainlink Labs’ VP of Go-to-Market.
Chainlink is the industry-standard Web3 services platform enabling trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, 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 across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Since 2015, Bitcoin.com has led the world in educating novices about cryptocurrencies. We make it simple for anyone to buy, spend, trade, invest, earn, and stay current on cryptocurrencies and the future of finance by providing accessible educational materials, timely and objective news, and intuitive self-custodial products.
The VERSE token will launch following the conclusion of the Verse token sale, which ends on Nov 30.