Solana is building a blockchain that is currently the biggest Ethereum competitor. The team is building this blockchain by addressing some of the major Ethereum shortcomings: scalability, security, and privacy.
Solana has made so much for a project that launched in early April 2020. The Solana coin,$SOL, is currently ranking #5 in terms of market capitalization, ahead of similar projects that have been around for more than five years.
One of the reasons why the crypto community believe that Bitrise coin might make Solana $SOL move is the pace at which the team is building the Bitrise project. Bitrise is a DeFi protocol built on the Binance Smart Chain. The platform enables users to earn, spend and lend money on a decentralized peer-to-peer (P2P) platform
Like Solana, the team has developed this Defi platform at a pace that other DeFi projects have been unable to achieve. The team had developed multiple products running in the Bitrise ecosystem like Solana in the first three months. Solana has more than 400 products in its ecosystem today.
Bitrise Audits, Techrate Audit, and dApp wallet are three major products running in the ecosystem in the first three months. The team is expected to launch the Bitrise Exchange in the first quarter of 2022 to increase products in the Bitrise.
The fast-rising coin value is another Solana move that Bitrise coin slowly making. There is no doubt that this coin is going against the grain by soaring when its competitors are plummeting. Already the coin has increased in value by thousands of folds since the launch, and this is what Solana has been doing
Like Solana, the Bitrise platform is built on the PoS protocol. There are similarities that both Solana and this coin have that is attracting the comparison. The PoS consensus protocol makes more secure and faster blockchain networks, which is why Solana has grown popular.
Bitrise protocol is also super secure. This was proven by the latest Bitmart hacking where Bitrise coin managed to prevent hackers. The network is faster as it can execute more transactions per second than the current DeFi projects.
Like Solana, Bitrise is rewarding investors very well, and this is why its community is increasing by thousands every day. The team has developed the kind of tokenomics that rewards investors. From the automated token buyback and burning to 4% of all transactions redistributed to all token holders every 60 minutes, Bitrise token economics attracts many crypto investors.
Bitrise coin has everything to make the Solana moves. The coin has the potential to rank in the list of the top 10 largest cryptocurrencies, just like Solana. Follow Bitrise social media platforms for the latest updates, including the upcoming staking process.
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Source: Cryptocurrency - investing.com
