what was the original name of bitgert when it was launched on the bnb chain?

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What Is Bitgert: Next Big Thing, or a Scam?

Bitgert (BRISE) is a crypto platform with almost zero gas fees and high transaction speeds of 100, 000 TPS, aiming to provide an affordable and highly scalable environment for DApps.

Topics Blockchain

What Is Bitgert: Next Big Thing, or a Scam?

Intermediate Blockchain Nov 25, 2022

Among the myriad blockchain projects launched over the past few years, Bitgert (BRISE) is certainly an attention magnet, due to its bold claims of zero fees and excellent scalability as well as some controversy surrounding the project. In this article, we take a closer look at a blockchain and cryptocurrency that either seems poised to challenge the dominant market players — or harbors the possibility of being a money-sucking fraud.

What Is Bitgert (BRISE) Chain?

Bitgert (BRISE) is a crypto platform that aims to provide an affordable and highly scalable environment for projects of various kinds — e.g., NFT, metaverse, web3 and decentralized finance (DeFi). Bitgert was originally launched as an app on BNB Chain in July 2021. Initially, the project was called Bitrise, with its native token bearing the ticker BRISE. In December 2021, Bitrise rebranded to Bitgert. The rebranding didn’t affect the token or its ticker, and the platform’s operations remain on BNB Chain.

In February 2022, Bitgert launched its own blockchain network, which utilizes a proof of authority (PoA) validation mechanism. The new network is commonly referred to as Bitgert Chain or Brise Chain. Bitgert Chain advertises itself as a platform with zero gas fees and the technical capacity to process up to 100,000 transactions per second (TPS). This places Bitgert close to the top of the rankings by speed among blockchains. Indeed, among the currently operational chains, only Aptos features a faster maximum TPS.

Top Blockchains by Maximum Transactions per Second (TPS) Capacity

Although Bitgert promotes itself as a “zero gas fee” chain, in reality, there are some, albeit tiny, transaction fees involved in using the blockchain. Typical gas fees on Bitgert Chain are small fractions of a cent.

Bitgert supports smart contracts and is an Ethereum virtual machine (EVM) compatible chain, which ensures a great level of interoperability with the world’s largest smart contract platform — the Ethereum blockchain.

What Is BRISE?

BRISE is Bitgert Chain’s native cryptocurrency. Originally, BRISE was launched as a token on BNB Chain when Bitgert, then known as Bitrise, was an app based on that chain. The project still maintains an address on BNB Chain for the token.

When Bitgert Chain was launched, BRISE was issued on it as the chain’s native crypto coin. Bitgert has initiated a buyback mechanism under which it buys the BNB BRISE tokens and burns them. BNB Chain charges 12% for each token sale. The buyback program is likely driven by the project team’s intent to eventually replace the entire supply of the BNB-based BRISE with the BRISE natively issued on Bitgert Chain.

BRISE’s main uses include staking and payment of Bitgert’s minuscule gas fees. It may also be used within decentralized apps (DApps) linked to the platform. For example, Bitgert’s own decentralized exchange (DEX) uses BRISE as one of the cryptos available for swaps.

Staking BRISE is possible via BNB Chain and Bitgert Chain. In both cases, you can earn BUSD rewards for staking your BRISE. Staking is available for fixed periods of 30, 60, 90 and 180 days. The longer your stake, the higher the annual percentage yield (APY) rate you earn. The current APY rates (as of November 19, 2022) are shown below.

BRISE Staking APY Rates

Data source: Bitgert.finance

While the principal staked amount is locked for the selected staking period, accrued interest rewards may be harvested at any time. A great feature of the platform’s staking rules is the absence of any minimum staking requirements, i.e., you may start staking with the smallest of amounts.

BRISE has a max supply of 1,000,000,000,000,000 (1 quadrillion). This gargantuan supply number does sound extreme, though it should be noted that as of November 24, 2022, BRISE is worth only $0.00000032 per unit, giving it a market cap of around $127.86 million.

BRISE’s supply distribution shares have been specified by the project team as follows:

50% — Initial Burn 38% — Liquidity

7% — Future Development and Marketing

5% — Developer Team

Bitgert’s recommended wallet is Nabox, a multi-chain wallet featuring support for a large number of blockchain platforms. Meanwhile, Brise Wallet, the native wallet developed by the Bitgert project team, has fully transitioned to Nabox since November 12, 2022.

Bitgert Key Features

Since its launch as a fully-fledged blockchain, the Bitgert project has added a limited number of features, services and apps to expand its operations.

Among the platform’s key offerings is Bitgert Startup Studio, a project designed to help promising crypto startups raise investor capital on Bitgert through smart contract–driven token sales.

The DEX on Bitgert may also be used for token swaps, with ten cryptos — BRISE, BNB and another eight tokens based on BNB Chain — currently supported.

स्रोत : learn.bybit.com

Binance Chain Based Crypto Bitgert Launched its Blockchain, Tough Competitor for Ethereum

Today, the Bitgert blockchain has been one of the most talked-about and the most sought-after chains. The chain has also made Bitgert coin super competitive, and it is now one of the biggest competitors for Ethereum, Bitcoin, Binance, and more.

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Binance Chain Based Crypto Bitgert Launched its Blockchain, Tough Competitor for Ethereum

Market Trends

March 19, 2022 2 mins read

Bitgert BRC20 blockchain has two major advantages over all the chains in the industry.

The news about the Bitgert (BRISE) launching its blockchain spread like a bushfire across the crypto industry. This is because of the hype that had been built around the Bitgert chain due to the exciting features the chain was to offer, and the team did not disappoint. Today, the Bitgert blockchain has been one of the most talked-about and the most sought-after chains. The chain has also made Bitgert coin super competitive, and it is now one of the biggest competitors for Ethereum, Bitcoin, Binance, and many other blockchains. Here is more about Bitgert and other crypto projects:

Bitgert

Bitgert, a Binance chain-based project, has been the talk of the industry because of the revolutionary blockchain the team has built. The Bitgert BRC20 chain has proven to be a force to reckon with, and it is currently the biggest concern for almost all blockchains. The Bitgert BRC20 blockchain has two major advantages over all the chains in the industry. First, Bitgert has a zero gas fee mechanism that enables users to pay the lowest gas fee in the market. Second, it is now the fastest blockchain in the market. That’s why Bitgert is a tough competitor to Ethereum and many other chains.

Centcex

Is Centcex getting tough competition from Bitgert (BRISE)? Well, probably not. But it might be the toughest Bitgert competitor in the coming days. The Centcex project strength and the most attractive feature is the huge collection of the products the team is developing. With the huge number of products, Centcex has the potential to offer investors a skyrocketing price because of the mass adoption of the coin. The staking revenue will also be huge. These features might make Centcex the next big thing after Bitgert.

Ethereum

The Ethereum team is concerned about the fast-rising Bitgert BRC20 blockchain. The newly launched Brise chain is proving a tough Ethereum competitor in the industry. Even other large cryptocurrencies now see it as a threat. With the fastest chain in the industry and also the lowest gas fee, Bitgert chain is proving one of the biggest competitors for Ethereum, which is struggling with scalability and costly gas fee issue. However, the Ethereum protocol upgrade might make the ETH chain fasters and cheaper. But the Bitgert zero gas fee remains a powerful feature for the Ethereum chain to beat.

Bitcoin

Though Bitcoin is one of the largest cryptocurrencies, its blockchain is facing tough competition from the likes of Bitgert. The Bitgert BRC20 chain is increasingly growing to be one of Bitcoin’s toughest competitors in the market. The zero gas fee and the fastest chain are making Bitgert more appealing to developers than the Bitcoin chain. Bitcoin is still one of the slowest blockchains and has the highest gas fee. These are reasons why Bitgert is among the toughest competitors to BTC and others.

BNB

Though Bitgert started as a Binance chain-based project, it is now outperforming the BNB chain in terms of speed and gas fee. One thing that makes Bitgert stand out from BNB is the lowest gas fee the Brise chain is offering. The speed of the BNB chain is also slower than what the Bitgert blockchain is offering. But the number of products and projects coming on the Bitgert chain is another reason why BNB is going to be overtaken by the Brise project.

Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions by Analytics Insight and the team. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do conduct your own research along with financial advisors before making any investment decisions. Analytics Insight and the team is not accountable for the investment views provided in the article.

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BRISE token soars to new highs after the official launch of BitGert Chain

Crypto markets are down, but that’s not stopping BRISE price from tacking on a near thousand percent gain. Here’s why this new project is making waves.

JORDAN FINNESETH MAR 07, 2022

BRISE token soars to new highs after the official launch of BitGert Chain

Crypto markets are down, but that’s not stopping BRISE price from tacking on a near thousand percent gain. Here’s why this new project is making waves.

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ALTCOIN WATCH

Collect this article as an NFT

The cryptocurrency ecosystem as a whole has taken a back seat to events in the larger world but this is not stopping developers from building.

One project that has recently begun to gain traction thanks to its focus on creating a high throughput, low-cost blockchain network is Bitgert (BRISE), a crypto engineering organization that has set out to build a blockchain network capable of processing 100,000 transactions per second for little to no cost for the user.

Data from Cointelegraph Markets Pro and CoinGecko shows that since hitting a low of $0.000000157 on Feb. 8, the price of BRISE has surged 1,124% to a daily high at $0.00000184 on March 7 as its 24-hour trading volume spiked by 1,050%.

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BRISE/USD 3-hour chart. Source: CoinGecko

Three reasons for the burst in momentum for BRISE include the launch of the Bitgert Chain, the beta release of the Bitgert Exchange and a series of new partnerships and exchange listings.

Bitgert Chain launches

The most significant development to come out of Bitgert over the past month was the launch of the Bitgert Chain on Feb. 14.

With the launch of the Bitgert Chain, the BRISE token is now available on its mainnet chain as well as on the BNB Beacon Chain as a BEP20 token that can be bridged between the two networks.

According to Bitgert, the Bitgert Chain operates with a BRC20 standard and is capable of reaching a speed of 100,000 TPS with a gas fee that averages about $0.00000001 per transaction.

The Bitgert chain is designed to support a variety of decentralized finance applications, nonfungible token projects and Web3 protocols.

Bitgert Exchange

On March 6, the beta version of the Bitgert Exchange launched and this could also be a bullish factor for the project.

The Bitgert Exchange is the first exchange protocol to launch on the Bitgert Chain and it currently supports trading for Bitcoin

BTC $27,400 , Ether ETH $1,794 , Litecoin LTC $84.52 , Dash DASH $57 and Dogecoin DOGE $0.07 .

According to documentation from the protocol's website, Bitgert Exchange will be the first crypto exchange to offer users a zero-trading fee environment.

Related: VC Roundup: Web3 infrastructure developers attract major investors

Partnerships and exchange listings

A third factor helping to boost BRISE's price has been a series of protocol partnerships and exchange listings that have helped spread awareness and access to the token.

Since the launch of the Bitgert Chain in mid-February, BRISE has been listed on Gate.io, Coin98 Exchange, BitMart, Belon.io, Hoo.com, BitForex and HotBit.

In addition to the exchange listings, Bitgert also announced new partnerships with Sphynx Labs, Omniaverse, 4D Twin Maps and Innovativ Plastics, and launched the Bitgert Startup Studio program designed to help entrepreneurs and businesses raise funds to launch their ideas or enterprises as a BRC20 smart contract.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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स्रोत : cointelegraph.com