Nubit is a Layer 2 project that helps build the Data Availability (DA) layer, to help the Bitcoin network improve data storage capacity, increase transaction speed, and save costs for users.
Read More: BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution
The project aims to develop a secure and highly scalable Data Availability (DA) layer for the multi-chain ecosystem, supporting a variety of applications including AI, Machine Learning (ML), SocialFi, and NFT Game..
This approach allows for inheriting the security of the Bitcoin network while still ensuring increased transaction speed and cost savings for users. The products currently serve three main areas, including:
Read More: Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions
Currently, the project has not yet announced official tokenomics information
Nubit has raised a total of 12 million USD in 3 funding rounds so far, with the participation of 18 investment funds:
Nubit has currently partnered with several notable projects in the Bitcoin ecosystem such as Merlin Chain (MERL), BounceBit (BB), Babylon, Bitlayer, Unisat, etc. The project has also expanded support for toolkit Layer 2 development including Polygon CDK, OP Stack, Arbitrum Orbit & Scroll.
The development roadmap is a gradual transition to a decentralized model. Initially, the network will be operated centrally by the development team, then gradually switch to decentralized.
Nubit is the pioneering Bitcoin Layer 2 project in bringing the Data Availability layer to the Bitcoin network. With an experienced development team and support from famous investors, Nubit promises to become a potential project in the future.
CoinCu estimates that participating in this project’s airdrop may provide opportunities to receive airdrops from Nubit’s partners.
Reduces storage costs while maintaining security serves multiple needs, and is programmable.
Nubit stores user data on its network, then only saves a small piece including Data Availability Tag (DA Tag) and Special identifier (special identifier) to the Bitcoin network. It only costs 18 bytes of data, thereby helping users save significantly on costs.
Validator, Full Node, Light Node.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Explore how Stellar’s recent decline and VeChain’s growing real-world use cases create new opportunities. Discover…
The UK's Financial Conduct Authority failed to approve any new crypto business registrations in the…
If successful, Russian crypto exchange trials could lead to the Moscow and St. Petersburg exchanges…
French authorities have extended the detention of Telegram founder Pavel Durov following his arrest.
The DOGS token launch caused significant disruptions on trading platforms and Telegram Wallet.
The recent Semler Scientific Bitcoin acquisition has now propelled the company to own 1,012 Bitcoins,…
This website uses cookies.