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Bitcoin.com has added support for the smart contract platform Avalanche to its web3 wallet. The addition of Avalanche to the multichain Bitcoin.com wallet meaning that the wallet’s millions of users can now buy, sell, send, receive and manage $AVAX. Users will also be able to trade tokens on the Avalanche network, as well as interact directly with hundreds of decentralized apps (DApps) hosted on the high-speed Ethereum Virtual Machine (EVM)-compatible network, enabling use cases such as lending and lending, prediction markets and synthetic assets.
– The potential of decentralized finance to create economic freedom is great, but to realize this potential we must democratize access. And for that it is important that we offer an environment with low fees,” said Bitcoin.com CEO Dennis Jarvis. “The Avalanche network is fast and cheap, while offering a high level of decentralization, which is essential for security and censorship resistance. Importantly, Avalanche has also attracted a large variety of high-quality DApps, increasing its utility for our millions of users.”
Bitcoin.comSupport for Avalanche is also motivated by the development of the $VERSE ecosystem token, which will require a low-fee smart contract platform to enable small, frequent transactions linked to the token’s utility and reward functions. Verse will launch on Ethereum but also connect to Avalanche.
Strategic investors bought $33.6 million in a private sale of $VERSE tokens in May. Registrations for the public sale are now underway at getverse.com.
About Avalanche
Avalanche is the fastest smart contract platform in the blockchain industry, measured by time-to-finality, and has the most validators ensuring the activity of any proof-of-stake protocol. Avalanche is lightning fast, low-cost and green. Any smart contract-enabled application can outperform its competitors by deploying on Avalanche. You don’t believe it? Try Avalanche today.
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