Bybit LearnTopicsLatest HappeningsBlogBybit GuidesExpertsEcopedia
Log In
Sign Up
Bybit Learn
Sign Up
Topics BlockchainCurrent Page

What Is Bitgert: Next Big Thing, or a Scam?

Intermediate
Blockchain
Nov 25, 2022
9 min read
0

AI Summary

Show More

Quickly grasp the article's content and gauge market sentiment in just 30 seconds!

Detailed Summary

Among the myriad blockchain projects launched over the past few years, Bitgert (BRISE) is certainly an attention magnet, due to its bold claims of zero fees and excellent scalability as well as some controversy surrounding the project. In this article, we take a closer look at a blockchain and cryptocurrency that either seems poised to challenge the dominant market players — or harbors the possibility of being a money-sucking fraud.

What Is Bitgert (BRISE) Chain?

Bitgert (BRISE) is a crypto platform that aims to provide an affordable and highly scalable environment for projects of various kinds — e.g., NFT, metaverse, web3 and decentralized finance (DeFi). Bitgert was originally launched as an app on BNB Chain in July 2021. Initially, the project was called Bitrise, with its native token bearing the ticker BRISE. In December 2021, Bitrise rebranded to Bitgert. The rebranding didn’t affect the token or its ticker, and the platform’s operations remain on BNB Chain.

In February 2022, Bitgert launched its own blockchain network, which utilizes a proof of authority (PoA) validation mechanism. The new network is commonly referred to as Bitgert Chain or Brise Chain. Bitgert Chain advertises itself as a platform with zero gas fees and the technical capacity to process up to 100,000 transactions per second (TPS). This places Bitgert close to the top of the rankings by speed among blockchains. Indeed, among the currently operational chains, only Aptos features a faster maximum TPS.

Top Blockchains by Maximum Transactions per Second (TPS) Capacity

Grab Up to 5,100 USDT in Rewards

Also, enjoy 555% APR on Bybit Earn products!

Start Earning Now