Hashbit: The Next Big Thing in Crypto and NFT Space

 

Blockchain technology has come a long way since its inception, and with every passing day, new blockchain-based projects are being launched. In this article, we will discuss Hashbit, a new blockchain-based project that has its own blockchain named Hbit Smart Chain. We will explore what Hashbit is, how it works, its use cases, and its features that make it stand out from other networks. By the end of this article, you will realize why Hashbit is set to be the next big thing in the crypto and NFT space.

What is Hashbit? 

Hashbit is a proof-of-stake smart chain that is extremely fast, secure, EVM-compatible, and interoperable. It can process up to 100,000 transactions per second, while Bitcoin can only process seven transactions per second. The Hashbit Smart Chain is based on the Proof of Authority consensus mechanism, where validators are chosen based on their reputation and trustworthiness. They are responsible for verifying transactions and adding them to the blockchain in the form of new blocks. The fee is distributed to validators after mining blocks. The strict security and compliance standards that validators must meet help to ensure that the network is secure and resistant to attacks or fraud. Overall, the Proof of Authority consensus mechanism allows the Hashbit Smart Chain to be a fast, efficient, and secure platform for conducting transactions.

Features of Hashbit Smart Chain

1. Smart Contracts - The Hbit Smart Chain blockchain allows you to create smart contracts and apps in a simple way. It supports up to 100,000 TPS and is Proof of Authority, a step forward for the Hbit ecosystem. The EVM blockchain is compatible with Metamask and all existing applications.
2. Data Cloud - The Data Cloud feature enables Hbit users to upload small amounts of data, documents, text files, images, torrent files, etc. to the blockchain in a decentralized way. The data can easily be retrieved whenever needed with cryptographic proof that it hasn't been tampered with.
3. Marketplace - The Hbit Marketplace is an open and fully decentralized store for any digital or physical goods. Users can list for sale any items with pictures priced in Hbit. The marketplace is searchable and browsable based on the keywords the goods are tagged with. After purchase, buyers can leave a public review for the sellers or communicate with them privately and securely via encrypted messages.
4. Hashbitpad - Hashbitpad is a decentralized exchange similar to Uniswap and Pancake Swap. All tokens and Hbits can be traded easily in a decentralized way. Users can also buy and sell NFTs on Hashbitpad, and if you are launching a new crypto project, there is an IFO section for fundraising.
5. Staking - Users can stake or provide liquidity on Hashbitpad and earn rewards up to 100% APY. This will be the best opportunity to earn passive income if you stay with the Hashbit token.
6. Native Token - Hashbit blockchain also has its native token, Hbit, with a total supply of 50 billion. You can buy their token from Pancake Swap, Cointiger, and Bank CeX. They did not raise any funds in ICO, meaning we will not see any dump in price because of early investor profit taking.

Conclusion 

Hashbit is a new blockchain-based project that has the potential to revolutionize the crypto and NFT space. Its features make it stand out from other networks, and its Proof of Authority consensus mechanism makes it fast, efficient, and secure. With the Hbit Smart Chain, Hashbit can process up to 100,000 transactions per second, making it one of the fastest blockchain networks.