Multichain Press release Bitcoin.com Wallet now supports Avalanche (AVAX) BTC News

Multichain Press release: Bitcoin.com Wallet now supports Avalanche (AVAX). BTC News

Bitcoin.com’s web3 wallet now has Avalanche, a platform for smart contracts, built in. Millions of Bitcoin.com Wallet users can now purchase, sell, transmit, receive, and manage $AVAX thanks to the integration of Avalanche to the wallet’s multichain feature. Users of the high-throughput Ethereum Virtual Machine (EVM)-compatible Avalanche network will be able to exchange tokens and interact with the hundreds of Decentralized Apps (DApps) hosted on the network, allowing for use cases such as borrowing and lending, prediction markets, and synthetic assets.

If we want to unleash the power of decentralized finance to unleash individual economic agency, we must expand access to it. Dennis Jarvis, CEO of Bitcoin.com, remarked, “It’s crucial that we create a low-fee environment for that.” For security and censorship resistance, a decentralized network is essential; the Avalanche network provides this while still being fast and inexpensive. The vast number of high-quality DApps that have been drawn to Avalanche is another important factor that contributes to the platform’s value for our millions of users.

The creation of Bitcoin.com’s ecosystem token, $VERSE, necessitates a low-fee smart contract platform to facilitate the numerous, low-value transactions necessary to fulfill the token’s utility and incentives functions, which is why Bitcoin.com is using Avalanche. At debut, Verse will operate on Ethereum, with a bridge to Avalanche.

In a private sale in May, $33.6 million was spent on $VERSE tokens by strategic investors. The public sale is presently accepting signups at getverse.com.

Regarding Avalanches

Compared to other proof-of-stake protocols, Avalanche boasts the largest number of validators protecting its activities and the shortest time-to-finality of any smart contract platform in the blockchain market. Avalanche is lightning quick, cheap, and environmentally friendly. You can gain a significant performance advantage over the competition by running your smart contract-enabled software on Avalanche. Don’t think it’s true? Just today, try Avalanche.

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