For the first time a blockchain and digital asset company in Thailand. Has built its own Blockchain network to become a technology leader to take Thai companies to the world. Ready to build Bitkub Coin (KUB) On the Bitkub Chain, a blockchain network made by Thai people Designed to drive the realization of blockchain applications in the business sector. It also revealed a list of joint partners of 11 leading companies as the first validator node (V1).
What is Bitkub Coin?
Bitkub Coin (KUB) is a Native Coin that serves as a Utility Coin on the Bitkub Chain, a blockchain network developed by Bitkub Blockchain Technology Co., Ltd., all clients on the Bitkub.com trading board can bring KUB Coin (in V1 version). Exchange for Fee Credit to reduce trading fees on Bitkub trading boards, while developers interested in building applications on Bitkub Chain can use KUB coins as gas fee or as a transaction fee on the blockchain. As well
What is the Bitkub Chain network?
Bitkub Chain is a blockchain network developed by Bitkub Blockchain Technology Company Limited.It is a blockchain full-solution service company and an ICO (Initial Coin Offering) consultant to organizations or entrepreneurs looking to upgrade. Business with Blockchain Technology It is a member of Bitkub Capital Group Holdings Limited, as well as Bitkub Online Co., Ltd., Thailand’s leading provider of digital asset exchange.
Bitkub Chain aims to be a blockchain network for everyone. Allowing developers to create applications To drive real business use cases of blockchain in the industry, whether it is Decentralized Exchange (DEX), Decentralized Finance (DeFi) or Decentralized Application (DApp), etc. Local use and universally applicable as a feature of blockchain that will help streamline business management processes. Have a shorter time Therefore, it can save the budget and administrative expenses.
As well as enabling liquidity of various assets through a process known as Tokenization, the Bitkub Chain network is able to monitor and create new blocks on the network in just a few seconds. While keeping fees low per transaction By using a Proof of Authority Consensus Algorithm system.
The first phase of the Bitkub Chain will use a Proof of Authority (PoA) Consensus Algorithm, with organizations that have already joined the Validator Node as follows:
- TPCS Public Company Limited
- Siam Ratchathani Public Company Limited
- Pro Encorp Public Company Limited
- Ananda Development Public Company Limited
- SiS Distribution (Thailand) Public Company Limited
- Saha Pathanapibul Public Company Limited
- TwoC2P (Thailand) Co., Ltd.
- Getings (Thailand) Co., Ltd.
- Huawei Technology (Thailand) Company Limited
- SIX Network PTE. Ltd.
- SmartContract Blockchain Studio
Upon entering the next phase, Bitkub Chain will switch from PoA to Proof of Staked Authority (PoSA) and then to full Proof of Stake (PoS) respectively.
Bitkub history
Bitkub Chain was born from the idea of Khun Sakon Sakui, Co-founder and Chairman of Bitkub Group. That want Thai people to have a blockchain network owned by Thais Because in the past, we used Infrastruture Always foreign goods This makes it impossible to create or meet the needs of use and is expensive. Bitkub Chain is a network that can be used in the real business sector. By enabling the network to create new blogs quickly. And maintain low fees (Gas Fee) instead of having to rely on foreign blockchain networks with high fees.
Recently, there is a project taking place on the Bitkub Chain, the Fans Token, that transforms influencers’ reputation into digital coins. The co-founders are Bie the Ska, VRZO Channel, Kyutae Oppa, Kaykai Salaider, and Spriteder SPD, which are Youtubers with more than 40 million followers.
This is the first time viewers have been able to earn coins by watching YouTube videos, and there are over 100,000 accounts on the Bitkub NEXT platform after its launch just a few weeks ago. And the distribution of NFT cards, famous Esport athletes from the PUBG Thailand Open Summer 2021: Road to PCS 4 APAC presented by Bitkub competition, which has more than 60,000 visitors per time, causing more than 100,000 users to open the wallet on Bitkub NEXT. More than 1.4 million NFTs were scanned and collected.
In the future, there will be a NFT Marketplace that will serve as a marketplace for users to trade in a wider variety of NFTs collectibles. You can see more details from this link. https://www.youtube.com/watch?v=ceIjOvJ2tcA
