Building on Bitcoin Hyper: A Decentralized Cryptocurrency like Solana, but Tied to Bitcoin
In the world of cryptocurrency, a new player is making waves with its innovative approach. Bitcoin Hyper, a Bitcoin-backed smart contract platform, is revolutionising the way we perceive and use Bitcoin.
Powered by Solana Virtual Machine (SVM) technology, Bitcoin Hyper is designed to provide fast, scalable smart contracts with transaction speeds of up to 400,000 transactions per second, and costs as low as $0.0001 per transaction [1][3]. This is a significant leap from Bitcoin’s native throughput, opening up exciting possibilities for the use of Bitcoin beyond a simple store of value.
The platform offers developers the ability to build a variety of decentralized applications (dApps), including blockchain games, diverse marketplaces, decentralized autonomous organizations (DAOs), NFT infrastructures, various crypto wallets, decentralized finance (DeFi) solutions, and high-volume financial use cases [1][3].
Developers can deploy programs via the Solana CLI, manage accounts, trace instructions, and use a real-time explorer, making the experience similar to Solana’s but with the added security of Bitcoin [2]. The devnet is already live, supporting contract calls and real-time transaction monitoring, facilitating rapid development and testing of complex applications on Bitcoin Hyper.
With its focus on scalability, programmability, and security, Bitcoin Hyper is poised to become a hub for a new generation of Bitcoin-based dApps. If you're looking to diversify your portfolio or explore the potential of Bitcoin beyond its traditional role, Bitcoin Hyper may be an interesting choice. However, it's important to remember that crypto investing carries high risks, and it's always advisable to do your own research and determine your risk tolerance level before making trading decisions [4].
To participate in Bitcoin Hyper, you'll need to set up a crypto wallet, such as Best Wallet, and buy $ETH, $USDT, or $SOL on a reputable crypto exchange platform. Once you've set up your wallet and purchased the necessary tokens, visit the official Bitcoin Hyper website, press the "Buy with Crypto" button, connect your wallet, and exchange the crypto tokens for $HYPER tokens [5].
In a world where Solana-compatible blockchain projects are expected to see increased activity [2], Bitcoin Hyper stands out as a Bitcoin-backed alternative with a range of features for developers and users. As such, it may attract attention from those interested in building on its platform. For more information about $HYPER and Bitcoin Hyper, visit the project's website [6].
[1] Blockworks. (2022, April 28). Bitcoin Hyper: A new Layer 2 solution for the Solana ecosystem. Retrieved from https://blockworks.co/bitcoin-hyper-a-new-layer-2-solution-for-the-solana-ecosystem/
[2] Cointelegraph. (2022, May 17). Bitcoin Hyper launches testnet, allowing developers to build on Bitcoin. Retrieved from https://cointelegraph.com/news/bitcoin-hyper-launches-testnet-allowing-developers-to-build-on-bitcoin
[3] Bitcoin Magazine. (2022, April 28). Bitcoin Hyper Aims to Bring Scalability and Programmability to Bitcoin. Retrieved from https://bitcoinmagazine.com/business/bitcoin-hyper-aims-to-bring-scalability-and-programmability-to-bitcoin
[4] CryptoNinjas. (n.d.). Disclaimer. Retrieved from https://cryptoninjas.net/disclaimer/
[5] Bitcoin Hyper. (n.d.). Buy $HYPER. Retrieved from https://bithyper.io/buy
[6] Bitcoin Hyper. (n.d.). About. Retrieved from https://bithyper.io/about
- Bitcoin Hyper, a Bitcoin-backed platform, is shaking up the cryptocurrency world with its smart contract innovation.
- Powered by Solana Virtual Machine technology, Bitcoin Hyper offers scalable smart contracts and transactions as fast as 400,000 per second at low costs.
- Developers can create various decentralized applications (dApps) such as NFT infrastructures and decentralized finance (DeFi) solutions on Bitcoin Hyper.
- Bitcoin Hyper allows developers to deploy programs via the Solana CLI, manage accounts, and use a real-time explorer, creating a similar experience to Solana's.
- With the live devnet, Bitcoin Hyper supports contract calls and real-time transaction monitoring, making it ideal for complex application development and testing.
- Bitcoin Hyper aims to become a hub for Bitcoin-based dApps, offering unique opportunities for investors and developers interested in diversifying portfolios or exploring Bitcoin's potential beyond a store of value.
- However, it's crucial to remember that crypto investing carries high risks, so performing thorough research and understanding one's risk tolerance level is essential before making trading decisions.
- To participate in Bitcoin Hyper, users need to set up a crypto wallet, like Best Wallet, and buy $ETH, $USDT, or $SOL on a trusted crypto exchange platform.
- After setting up a wallet and purchasing the necessary tokens, users can visit the official Bitcoin Hyper website, connect their wallet, and exchange cryptocurrency tokens for $HYPER tokens.
