Bitcoin.com is excited to announce that weve joined the Chainlink BUILD program to maximize the security and reliability provided by Chainlinks oracle infrastructure and to help accelerate the adoption of Verse ecosystem DApps.
By joining BUILD, Bitcoin.com gains access to and integration of:
on-chain price data through Chainlink Price Feeds, a verifiable random number generator through Chainlink VRF
decentralized smart contract automation through Chainlink Automation.
These proven services will act as critical infrastructure for Bitcoin.coms 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.
Built on Ethereum but with a focus on expanding into low-fee EVM chains, Verses DApp ecosystem kicked off with the multichain Verse DEX and will expand to integrate a range of DApps, some of which will be incubated by the Verse Development Fund.
Weve chosen to use Chainlink as our preferred oracle solution across Verses DApp ecosystem because the Chainlink Network has proven time and time again that it is the most reliable and secure oracle solution in Web3. Bitcoin.com is the primary gateway for Web3 newcomers, and leveraging Chainlink services helps ensure they have the best experience possible while navigating the many exciting use cases in decentralized finance. Bitcoin.com CEO Dennis Jarvis.
Were pleased to welcome Bitcoin.com and the VERSE ecosystem into Chainlink BUILD. With the support of Chainlinks secure and reliable oracle services and increased alignment with the Chainlink ecosystem, VERSE can build next-generation decentralized finance applications that accelerate the pace of Web3 adoption. Johann Eid, VP of Go-to-Market at Chainlink Labs.
Chainlink is the industry-standard Web3 services platform that has enabled 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 been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.
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.coms 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.coms 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.