What is Bitgert (BRISE) and How Does It Work in 2024?

Share This Post

Bitgert (BRISE) is a cryptocurrency engineering project developing blockchain-based solutions for decentralized finance (DeFi), non-fungible tokens (NFTs), and the metaverse. At its core, aims to provide a fast, secure, and low-cost blockchain network.

The native cryptocurrency of the Bitgert blockchain is called BRISE token. First launched in July 2021 under the name “Bitrise”, it later rebranded to “Bitgert” in December of that year without affecting the BRISE ticker symbol.

BRISE works both as the primary token within the Bitgert ecosystem and as a currency for paying transaction fees on the Bitgert chain.

What is the purpose of Bitgert (BRISE)?

Bitgert BRISE coin

Like other blockchain networks, the main purposes of tokens are to serve as a currency for transactions and enable various applications on the blockchain. However, the main selling point is its claims of blazing speeds and zero gas fees per transaction.

If true, Bitgert’s network could theoretically process over 100,000 transactions per second—putting it on par with tech titans like Aptos. This would solve scalability issues plaguing older chains and unlock new possibilities for DeFi, gaming, and other use cases.

Additionally, having zero gas fees opens the doors for micropayments that simply aren’t viable on high-fee networks like Ethereum. Bitgert could power everything from pay-per-play gaming to pay-per-stream media.

How does Bitgert (BRISE) work?

Under the hood, Bitgert uses a customized “proof-of-authority” consensus algorithm to validate transactions. In plain English, this means transaction validation is handled by specific nodes run by trusted authorities, rather than miners.

This streamlined process is how Bitgert claims to achieve lightning-fast speeds while maintaining security. Transactions settling in just a few seconds fuel the real-time applications Bitgert hopes to enable.

Does Bitgert (BRISE) have a future?

Bitgert BRISE token future

Bitgert has laid ambitious plans through 2025 to expand its ecosystem exponentially via programs like the Bitgert Startup Studio.

If these plans come to fruition and Bitgert delivers on its technological promises, BRISE could surge in tandem with growing real-world usage. Applications being built for Bitgert’s “gasless” chain also provide blue-sky potential.

When Bitgert (BRISE) launched?

The token launched on July 28th, 2021 after an initial pre-sale period. This marked the beginning of journey to develop an EVM-compatible smart contract platform.

In its first year, BRISE token grew from a microcap coin to crack the top 100 cryptocurrencies by market cap – achieving over 40,000% returns along the way.

Key milestones since launch have included the integration of staking rewards and a growing array of DeFi integrations to strengthen the coin’s utility.

Is Bitgert (BRISE) a scam?

Bitgert BRISE coin scam

While always caveat emptor in the wild crypto west, most signs point to Bitgert being a legitimate project rather than a scam.

The platform operates transparently with active development, though certain aspects like the anonymous founder(s) raise some eyebrows. Real progress has clearly been made on technical milestones over the past year versus an obvious “rug pull” exit scam.

Exchange listings and integrations with established partners also lend credibility versus operating in isolation.

Is it safe to invest in Bitgert (BRISE)?

Any cryptocurrency investment carries risk due to market volatility. However, with Bitgert in particular, additional caution is warranted given the unresolved questions around its authenticity and technology.

For conservative investors, it’s generally not recommended to put large amounts of money into early-stage or unproven tokens like BRISE. A small “lottery ticket” position may be reasonable if one understands the risks and can afford to lose that investment.

Is Bitgert (BRISE) worth it? BRISE Price 2024

Bitgert BRISE coin price 2024

Given the infant stage and unclear value proposition of Bitgert, accurately predicting its 2024 price is next to impossible. Much depends on the execution of plans this year and the next.

If all unfurls according to its expansive roadmap, mainstream usage and institutional awareness could lift BRISE token from its current sub-penny price into the multiple cents range. Macro support from a bull market boosts this possibility.

However, downside risks like failing to meet technical or adoption goals, renewed crypto winter, or credibility issues may send Bitgert back to obscurity for the time being.

Investors seeking reliable gains have far safer options to consider. With EXEcrypto it’s quick and easy to find out the latest crypto news!

Where to buy Bitgert (BRISE)?

The main centralized exchanges presently listing Bitgert (BRISE) for trading include:

The token can also be found on decentralized exchanges like PancakeSwap via the BNB Smart Chain.

When selecting an exchange, consider factors like reputation, fees, supported deposit/withdrawal options, jurisdiction, and levels of required personal information verification.

Hardware wallets offer the most secure cold storage solution for holding BRISE tokens long-term.

How to sell Bitgert (BRISE)?

Bitgert BRISE token sell

To sell accrued holdings, traders should first select a reputable exchange where the coin remains available. They can then deposit BRISE from their preferred wallet into that exchange.

From within one’s exchange account, traders can place sell orders against BRISE/fiat or stablecoin trading pairs like USDT. Market sells immediately release coins at current rates, while limit orders only execute at set prices if/when reached.

Traders may wish to set prudent trailing stop limits in case sudden volatility sparks a sell-off. Funds are typically available to withdraw back to a user’s wallet or bank account within a few business days once an order fills and clears.

How to stake Bitgert (BRISE)?

Staking cryptocurrency locks funds to support a target network’s operations in exchange for rewards. Staking opportunities currently exist through Bitgert’s official project website or via third-party staking providers.

Eligible wallets include Metamask, Trust Wallet, Coinbase Wallet and others compatible with BEP-20 tokens. Stakers choose validator nodes and delegate a minimum amount of BRISE to earn additional coins over time.

Annual percentage yields (APYs) average around 15% for staking, with payouts made dynamically or upon withdrawal. Staking introduces passive income potential while directly assisting Bitgert’s infrastructure development.

How to mine Bitgert (BRISE)?

At present, Bitgert (BRISE) is not mineable in the traditional sense as it utilizes a delegated proof-of-authority model instead of proof-of-work. This means there is no competitive minting of new coins through energy-intensive hashing by miners as seen in Bitcoin.

Related Posts

Best Crypto Launchpool Platforms for Staking in 2024

Crypto launchpool platforms have become quite popular in recent...

Best Halal Cryptocurrencies for Islamic Investors in 2024

If you're a Muslim investor curious about cryptocurrencies but...

Best Crypto Launchpad Platforms for New Projects 2024

Crypto launchpad platforms are among the most exciting innovations...

Top Halal Crypto Platforms for Islamic Finance 2024

The search for halal crypto platforms lies at the...

Best Crypto Staking Platforms for Passive Income 2024

As the title suggests, crypto staking platforms are central...

Best Crypto Referral Programs for Earning Rewards in 2024

As the popularity of cryptocurrencies continues to surge, so...