Bittime - Nibiru Chain is astate-of-the-art standalone Proof-of-Stake (PoS) blockchain in the Cosmos ecosystem. The network is designed to revolutionize decentralized applications (dApps) by offering incredible performance, including the ability to handle 40,000 transactions per second, instant finality, and a block time of 1.4 seconds.
The NIBI token is the primary token running the Nibiru Chain, and its functions include facilitating Proof-of-Stake consensus, decentralized governance, and attracting developers.
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What is Nibiru Chain (NIBI)?
Nibiru Chain is a state-of-the-art standalone Proof-of-Stake (PoS) blockchain in the Cosmos ecosystem. The network is designed to revolutionize decentralized applications (dApps) by offering incredible performance.
The advantages of Nibiru Chain are:
- Capable of handling 40,000 transactions per second - far exceeding the current capabilities of Ethereum (around 30 TPS) and Bitcoin (7 TPS).
- Instant finality - transactions are confirmed immediately without having to wait long.
- Block time 1.4 seconds - the network operates very fast.
- Parallel optimistic execution model - improves efficiency and scalability.
NIBI Tokens
NIBI is the main token running the Nibiru Chain. Functions include:
- Facilitates Proof-of-Stake consensus - secures the network.
- Decentralized governance - NIBI holders can participate in decision making.
- Attracting developers - developers who build applications on the Nibiru Chain will get rewards in the form of NIBI.
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The Team Behind Nibiru Chain (NIBI)
The Nibiru Chain team has extensive experience in various areas, including:
Machine learning and artificial intelligence (AI)
Unique Divine, Co-Founder & CEO, has experience leading the development of DeFi trading strategies and data science for Sommelier Protocol.
Blockchain development
Jonathan Gimeno, Co-Founder & Director of Engineering, previously served as Tendermint's Director of Engineering for three years and was a core developer on Cosmos-SDK, Gaia, and Tendermint Core.
Software development (software)
Kevin Yang, Co-Founder & CTO, has three years of experience as a Senior Software Engineer at Google and has worked on Web2 digital products at companies such as Coursera and Headspace.
Additionally, the broader Nibiru team has experience from a variety of sectors, such as Web2 technologies, traditional finance, and DeFi. Companies they have worked for include CIG, JP Morgan, Binance, BitMex, BNP Paribas, Veeam Software, and Siemens.
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How to Buy NIBI
- Create an account on an exchange platform that supports NIBI.
- Deposit funds (e.g. USDT, Dollars, Euros) into your exchange account.
- Search for the NIBI/USDT trading pair and make a purchase.
- Store NIBI safely in your digital wallet.
Nibiru Chain Opportunities
Nibiru Chain can be used for various decentralized applications, such as:
- Exchange (crypto exchange)
- Stablecoin (cryptocurrency whose value is stable)
- Data indexing
- Smart contract royalties
Nibiru Chain also provides a complete developer toolkit, including SDKs for various programming languages and in-house Oracle solutions. This allows developers to easily build new applications on the Nibiru Chain.
Advantages and Disadvantages of Nibiru Chain
Excess :
- High throughput - faster and more transactions.
- Low transaction fees - transactions are more cost effective.
- Strong security - the network is safer from attacks.
Lack:
- New technology - developer adoption may still be low.
- Tough competition - having to compete with other platforms such as Ethereum and Binance Smart Chain.
Conclusion
Nibiru Chain has the potential to be the future leader of blockchain. With its advanced technology and growing ecosystem, Nibiru Chain offers exciting opportunities for developers and investors.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Blockchain 1.0? A Blockchain Starting Point
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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