Bitcoin․com Joins Chainlink BUILD to Boost Adoption of VERSE Ecosystem dApps – Press release Bitcoin News
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Bitcoin.com, a digital ecosystem and secure equity platform where users can safely and easily interact with cryptocurrencies and digital assets, has joined Chainlink BUILD program helps speed up the implementation of VERSE ecosystem dApp applications and get more technical support for Chainlink’s time-tested Web3 services, which include e.g. verifiable randomness, decentralized price informationand reliable smart contract automation.
What is VERSE?
With over 35 million wallets and over 5 million active users, Bitcoin.com has been a leader since 2015 in embracing millions of newcomers to Bitcoin, cryptocurrencies and the wider Web3 industry. A trusted brand, Bitcoin.com is the first point of contact for newcomers to safely interact with and learn about this paradigm-shifting technology.
Verse is the next step in Bitcoin.com’s mission to make blockchain an integral part of society towards the goal of creating more financial freedom in the world. VERSE brand, currently on sale at getverse.com provides utility in the Bitcoin.com ecosystem while also acting as a reward mechanism to encourage positive actions such as asset retention. VERSE also refers to the ecosystem of decentralized applications (DApps) that are guiding millions of people on a journey beyond Bitcoin, including decentralized finance (DeFi), one of the fastest growing industries on the Web3 today.
Why we joined Chainlink BUILD
Bitcoin.com joined BUILD to maximize the security and reliability benefits offered by Chainlink’s oracle infrastructure and to help accelerate adoption of the VERSE ecosystem.
As part of BUILD, Bitcoin.com will receive key benefits, including access and integration with on-chain price data Chainlink Price Feedsverifiable random number generator Chainlink VRFand through decentralized smart contract automation Chain automation. These proven services serve as the critical infrastructure of the Bitcoin.com Verse ecosystem. Bitcoin.com also gets access to new alpha and beta versions of Chainlink products and increased technical support, among other benefits.
In return for these services, Bitcoin.com will make several percentage points of the VERSE token supply available to Chainlink providers, including stakers, over time. These coordinated financial incentives allow both the Bitcoin.com and Chainlink communities to support each other.
How Chainlink Services helps power the VERSE ecosystem
Verse’s DApp ecosystem, built on Ethereum but focused on expanding to low-cost EVM chains, will launch as multi-chain. Verse DEX and expand to integrate a selection of DApps, some of which are incubating Verse’s development fund.
“We have chosen to use Chainlink as the primary oracle solution for Verse’s DApp ecosystem because the Chainlink Network has proven time and time again that it is the most reliable and secure oracle solution on the Web3,” said Dennis Jarvis, CEO of Bitcoin.com. “Bitcoin.com is the gateway of choice for new Web3 entrants, and leveraging Chainlink’s services will help ensure they have the best possible experience while navigating the many exciting use cases of decentralized finance.”
“We are delighted to welcome Bitcoin.com and the VERSE ecosystem to Chainlink BUILD. With the support of Chainlink’s secure and reliable oracle services and improved alignment with the Chainlink ecosystem, VERSE can build next-generation decentralized finance applications that accelerate Web3 adoption.” – Johann Eid, VP, Go-to-Market, Chainlink Labs .
Chainlink is an industry-standard Web3 service platform that has enabled trillions of dollars in transaction volume in DeFi, insurance, gaming, NFT and other major industries. As a leading decentralized oracle network, Chainlink enables developers to build rich Web3 applications with seamless access to real data and off-chain computation on any blockchain, and provides global enterprises with a common gateway to all blockchains.
For more information about Chainlink, visit chain.link or read the developer’s documentation at docs.chain.link. To discuss integration, contact an expert.
Since 2015, Bitcoin.com has been the world leader in introducing new entrants to crypto. Available educational materials, timely and objective news, and intuitive self-storage products make it easy for anyone to buy, spend, trade, invest, earn, and stay informed about cryptocurrencies and the future of finance.
The VERSE token will be released after the sale of Verse tokens, which ends on November 30th.
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