Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has joined the Chainlink BUILD program to help accelerate the adoption of VERSE ecosystem dApps and receive increased technical support for Chainlink’s time-tested Web3 services—which include verifiable randomness, decentralized price data, and reliable smart contract automation.
What Is VERSE?
With over 35 million wallets created and more than 5 million active users, Bitcoin.com has played a leading role since 2015 in onboarding millions of newcomers to Bitcoin, cryptocurrency, and the larger Web3 industry. A trusted brand, Bitcoin.com acts as the first touchpoint for newcomers to safely interact with and learn about this paradigm-shifting technology.
Verse is the next step in Bitcoin.com’s mission to establish blockchain as an integral component of society towards the goal of creating more economic freedom in the world. The VERSE token, currently on sale at getverse.com will provide utility in Bitcoin.com’s ecosystem while also acting as a rewards mechanism to encourage positive actions such as self-custodying assets. VERSE also refers to an ecosystem of decentralized applications (DApps) that will guide millions of people on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest-growing verticals in Web3 today.
Why We Joined Chainlink BUILD
Bitcoin.com joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides and to help accelerate the adoption of the VERSE ecosystem.
As part of BUILD, Bitcoin.com will receive key benefits, including access to and integration of on-chain price data through Chainlink Price Feeds, a verifiable random number generator through Chainlink VRF, and decentralized smart contract automation through Chainlink Automation. These proven services will act as critical infrastructure for the Bitcoin.com Verse ecosystem. Bitcoin.com will also receive access to new Chainlink product alpha and beta releases and increased technical support, among other benefits.
In exchange for these services, Bitcoin.com will make multiple percentage points of the VERSE token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both the Bitcoin.com and Chainlink communities to support one another.