

A detailed overview of HashBit’s HBC20 Chain and why Blockchain users should pay attention.
HBIT launched the BEP20 token on BNB Chain on October 26, 2022, with a public auction. The remaining HBIT sum was allocated to the investors who participated. So, what are the major aspects of our HBC20 chain and why was it required?

HBC20 Chain
HBIT. HBC20 Blockchain is HBIT's most recent release, a POA (proof of authority) Blockchain that enables Smart Contracts. Because it is a compatible EVM Blockchain, all Dapps on Ethereum and other EVM Blockchains may be easily transferred to HBIT. HBC20 According to the POA, the Blockchain and its blocks are administered by Approved Validators via a voting system of the other Validators. Once a validator is approved, he begins to confirm and produce blocks in the Blockchain and then makes it work together with the other validators. But this is a very brief introduction to what HBC20 Chain is capable of, so let's get into the details.
Smart contracts are lines of code that run automatically when a certain condition is satisfied. They are known as decentralized applications (dApps) in the crypto community and are most popular on the Ethereum network. At this stage, it is critical to ask whether HBC20 is good enough to be used globally. Most importantly, how does HBC20 stack up against Ethereum, the dominant smart contract platform at the moment?
It's worth noting that HBIT chose to build a second blockchain after HBIT rather than upgrade it, even though it was possible. According to the HBIT, adding smart functionality to the HBIT blockchain would have slowed network speed and made it less efficient. Smart contracts have a history of clogging up host networks, as evidenced by the December 2017 CryptoKitties problem on Ethereum and, more recently, the Solana network.
HBIT's best choice was to establish a parallel blockchain to house smart contracts that would be compatible with Ethereum, the dominant dApp network. Building a completely new blockchain from the ground up appeared to be a bad idea for HBIT, which was racing against the clock to capitalize on the decentralized finance (Defi) and non-fungible token (NFT) crazes. Ethereum is the de facto 'King of dApps,' and the open-source nature of its programming may have made it simple for HBIT to split it.
HBC20 Basic
To have a deeper understanding of HBC20, we must examine its attributes in greater depth to see what distinguishes it from every other blockchain on the market. This section delves into its components, such as its foundational principles, the consensus mechanism, and the ecosystem. After only a few months, the blockchain appears to be quite promising. It may be useful to look back and evaluate how far it has evolved, as well as whether any noteworthy changes have occurred.
HBIT designed HBC20 with three main ideas in mind that inspired the blockchain's architecture and development. They are as follows:
Stand-alone Blockchain - HBIT required the HBC20 to be a stand-alone blockchain from the HBIT Chain. The decoupling of the two blockchains ensured that there would be no service outages if one of them failed. Separating the two networks also allowed HBIT to adopt new technologies that were either not previously used or had negative side effects.
Ethereum Compatibility - The most popular smart contract platform, Ethereum, did most of the heavy lifting for HBIT. It had a big user base, miners, and developers. Despite issues such as high gas prices and security concerns, the network has outperformed the competition. HBIT chose not to reinvent the wheel, instead using what worked for Ethereum with a few tweaks, most notably the consensus method.
Native Cross-Chain Communication – Although HBIT chose to construct HBC20 as a parallel chain to HBIT, it ensured native cross-chain compatibility between the two blockchains. Tokens on the HBC20 network may be exchanged using Metamask, TrustWallet, and any other wallet that supports BNB Chain.
Some of the other features are:
Blocks Every 5 Seconds
The time it takes to mine a block is defined as block time. There is an expected block time and an average block time in both the Bitcoin blockchain and the Ethereum blockchain. The predicted block time in Bitcoin is 10 minutes, while in Ethereum, it is between 10 and 19 seconds. In the past, Ethereum also used a distributed consensus algorithm based on proof of work. The expected block time is set to a fixed number to ensure that miners do not compromise network security by adding more computational power.
After each block, the network's average block time is evaluated; if it is larger than the predicted block time, the difficulty level of the proof of work algorithm is reduced; if it is less than the expected block time, the difficulty level is increased. That is the fundamental design philosophy underlying block time, but you will see how bitcoin and Ethereum differ as we go along.
As you may have guessed, block time is the average time it takes the network to generate one more block on the blockchain. HBC20 is a blockchain that generates new blocks every five seconds. By the time the block is finished, the included data is verified. Because this is where the money transaction occurs in cryptocurrency, a shorter block time means speedier transactions for HBC20.
Up to 100,000 Transactions per Second for HBC20
TPS (transactions per second) is the number of transactions that a blockchain network can complete in one second. It reflects the pace of a blockchain since it demonstrates how scalable and speedy the network is. TPS is also known as the throughput rate. However, TPS isn't the only factor that influences the speed of a blockchain. Transaction finality time (the time it takes to confirm an immutable transaction) is equally essential. These parameters describe the scalability of a blockchain network, which is the network's ability to handle an increasing number of transactions.
Maintaining high transaction speed, decentralization, and security at the same time has been a major difficulty for blockchain inventors, dubbed the "blockchain trilemma" by Ethereum co-founder Vitalik Buterin. Scalability is essential for a blockchain network's effectiveness as well as its overall best user experience. As a result, HBC20 prefers to create various technologies to boost network throughput and, as a result, prioritize scalability over decentralization and security. This means it can manage Up to 100,000 Transactions per Second.
In an age of quick pleasure and short attention spans, especially in financial transactions, speed is critical. Recent events in the crypto sector, however, have demonstrated that decentralization and security are equally important. One example is the sequence of disruptions experienced by the Solana network, with the most.
With a throughput of 50,000 TPS and an average transaction cost of $0.00025, NFT and DeFi developers were flocking to the Solana blockchain. The network saw high traffic as a result of bots attempting to trade NFTs, which overwhelmed the network's nodes. A "bug" was also named as the source of one of the earlier outages. These occurrences highlighted the negative consequences of the network's trade-off, which sacrificed security and stability for speed.
Another incident, this time using the EOSIO network, demonstrates the pitfalls of the blockchain trilemma. On suspicion of suspected theft, EOS froze seven accounts. This action, however, was met with harsh criticism because it was undertaken by only 21 elected block producers, bringing into question the network's decentralization. While transaction speed is vital, so are security and decentralization. After all, they constitute the foundation for the initial development of blockchain technology.
This is where HBC20 comes in to fix the problems to make transaction speed an important statistic in the broad use and adoption of blockchain technology. The HBC20 blockchain has exhibited tremendous scalability, which is an essential prerequisite for future blockchains. As a result, HBC20 will dominate web 3.0 because it maintains appropriate transaction speeds without losing security or decentralization.

Let's further talk about what advantages HBC20 will provide.
HBC20 has more benefits than any other blockchain network. It makes no concessions in any area to become a better alternative for hosting blockchain apps, but these choices may not endear it to other crypto consumers. So, what makes it a more appealing smart contract platform than other market players? Here are a few of the reasons.
Transaction speed - HBC20 is now one of the quickest smart contract platforms, which contributes to its rapid growth. Blocks are generated every five seconds, as opposed to 13 seconds for Ethereum, making it at least four times faster.
Low gas fees - Each transaction on the HBC20 Blockchain costs roughly 0.000021 HBIT, with smart contracts costing somewhat more; all prices are listed in the documentation, depending on the kind of transaction.
Cross-chain compatibility - HBC20 will not only be compatible with the Ethereum virtual machine (EVM), but it will also support pegged coins from numerous other blockchains, allowing users to create several tokens for usage on the network. Token liquidity, usability, and value are increased through cross-chain compatibility.
HashBitPAD - An Official Platform where projects may be exchanged by forming Pools and offering liquidity in a completely decentralized manner. Launch your own initiatives on the LaunchPad to raise funding and distribute your Tokens to investors.
NFT, Creation, and Marketplace - Here, anyone can make, sell, or purchase NFT collections made on the Blockchain.
Browser Wallet - A browser-based wallet that allows users to manage their HBITs and Tokens in one location.
Token Creation Tool - A simple tool for creating your own Blockchain Token.
Mobile Wallet - A smartphone app that allows you to manage your coins. More to come, and we're confident that many developers will begin developing applications on the HBC20 Blockchain.
Conclusion
HBC20 is a strong blockchain network that, in comparison to Ethereum, offers less in terms of innovation. The blockchain has advanced far faster than competitors in less than two months. It is worth mentioning, however, that Ethereum has previously executed a chain upgrade, which resulted in a migration from a PoW consensus process to PoS, which has increased its speed, albeit not everyone is happy with it. In terms of scalability, this update will not be adequate to defeat BNB Chain-based blockchains like HBC20.
As we haven't covered everything there is to know about the HBC20, including TPS and Block time, it is an exciting time for blockchain and cryptocurrency in general, and we strongly encourage you to dig in and learn more.
Visit the official website of Hashbit and follow them on all socials below to learn all ecosystem and project details.
Website | Twitter | Telegram |
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Grab Your Piece of the Pie: Sector Finance Token is Set For Launch
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Sector Finance is launching its token, $SECT, on Camelot DEX. There'll be 100M tokens available with 10% for public sale with a minimum commitment of $1.5M USDC and a maximum of $4M.
$SECT to Publicly Launch on March 31
The public token launch for Sector Finance token, $SECT, is set to begin at 17:00 UTC on March 29, 2023, and end at 17:00 UTC on March 31, 2023, on Arbitrum's native Camelot DEX.
We are excited to announce the public token launch of Sector Finance ($SECT). Our launch will take place March 29 via @CamelotDEX on Arbitrum.
— Sector Finance (@sector_fi) March 16, 2023
To celebrate this new milestone, we are increasing the Incentive Pool for early Vault depositors.
Details 👇 pic.twitter.com/LW0IeVANiz
The maximum supply will be 100 million $SECT, and 10% of that will be made available to the public. There is a minimum total commitment of $1.5 million USDC and a maximum commitment of $4 million USDC for the public launch of the token.
However, Sector Finance would retain the tokens allocated for the launch if the total committed $USDC is less than 1.5M. In that case, deposited funds will be returned to all participants.
Participants who deposit early and own Camelot's native token, xGRAIL, will be able to join the whitelist launch 24 hours before the public offer begins. As reported, all participants will receive the same fair launch value ("FLV") set at the end of the launch period. For all, the final price would be set as follows:
- Max = 4M $USDC Commitment / 10M $SECT
- Min = 1.5M $USDC Commitment / 10M $SECT
Additionally, holders of $SECT can stake, lock, and receive vote-escrowed $SECT ("$veSECT"), which provides governance rights over protocol fees and emissions. There is a vesting period for one-third of the tokens where they would be staked in veTokens for three months.
Sector Finance will publish specific instructions on participating in the public launch ahead of the launch event.
Incentivized Vault Offering
Sector Finance will increase the Incentive Pool for the Incentivized Vault Offering ("IVO") from 1.0% to 2.0% in celebration of its public launch.
According to the protocol, early depositors will earn $veSECT and $bSECT from the Incentive Pool in addition to the real yield accrued in USDC/ETH. Early depositors will benefit both from short-term upsides and long-term value accruals.
Participants can earn $bSECT and $veSECT from the Incentive Pool at the end of the Incentive Period when they deposit into either the Aggregator Yield Vaults or Single-Strategy Vaults.
You can learn more about the incentive vault offering here.
What is Sector Finance?
Sector Finance is a product protocol designed to scale the DeFi ecosystem sustainably through diverse yields and unparalleled risk transparency. The protocol is developing risk management tools and investment products to assist the next generation of DeFi users. Sector will run on Arbitrum, and the strategies will work with a variety of ecosystems, including Ethereum Mainnet, Moonriver, and Optimism.
Where to find Sector Finance:
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The top DeFi protocols on Ethereum have captured billions of TVL and generated offspring that have captured billions more.
Uniswap, Compound, Olympus DAO, Aave
“Imitation is the sincerest form of flattery that mediocrity can pay to greatness.” – Oscar Wilde
Snarkiness aside, any good developer understands it’s far less efficient to build from scratch, than to identify existing good code and to adapt it to their purposes. The world of crypto is filled with Decentralized Finance (DeFi) protocols that are based on forks of predecessors.
Unsurprisingly, Ethereum protocols are the most popular models for other platforms to follow. In many cases, the Total Value Locked (TVL) of the offspring exceeds the parents!
Let’s check out the top 4 Ethereum protocols, in terms of the adoption of their forks, and then also look at one wild-card protocol: Uniswap, Compound, Olympus DAO, AAVE and Solidly.
(All data sourced from DefiLlama.)
1. Uniswap
Name: Uniswap
Category: DEX
TVL: $3.78 billion
Most Popular Forks: PancakeSwap (BNB etc.), SushiSwap (ETH etc.), BiSwap (BNB), VVS Finance (Cronos), Quickswap DEX (Polygon), Camelot (Arbitrum), SpookySwap (Fantom)
Total TVL of Forks: $6.92 billion
2. Compound Finance
Name: Compound Finance
Category: Lending
TVL: $2.67 billion
Most Popular Forks: Venus (BNB), Tectonic (Cronos), Benqui Lending (Avalanche), Sonne Finance (Optimism), Mare Finance (Kava)
Total TVL of Forks: $4.56 billion
3. Olympus DAO
Name: Olympus DAO
Category: Reserve Currency
TVL: $253 million
Most Popular Forks: Wonderland (Avalanche, ETH), Klima DAO (Polygon)
Total TVL of Forks: $1.51 billion
4. AAVE
Name: AAVE
Category: Lending
TVL: $8.53 billion
Most Popular Forks: UwU Lend (ETH), Geist Finance (Fantom), Radiant (Arbitrum)
Total TVL of Forks: $830 million
The only DeFi protocol in the top 5 that was not originally on Ethereum is Solidly, which was launched by famed DeFi developer Andre Cronje on Fantom. Solidly’s TVL on Fantom experienced a meteoric rise and equally meteoric fall, but the protocol has spun off several massively popular protocols on other blockchains.
Solidly
Name: Solidly
Category: DEX
TVL: $1.5 million
Most Popular Forks: Velodrome (Optimism), Solidly V2 (ETH), Thena (BNB), Ramses Exchange (Arbitrum), Equalizer Exchange (Fantom), Solid Lizard (Arbitrum), Equilibre (Kava)
Total TVL of Forks: $863 million
What is Ethereum:
Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).
Find more about Ethereum here:
Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |
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The most anticipated IDO event on Core DAO, CoinBook’s $BOOK token IDO is set to take place.
The world’s first decentralized peer-to-peer orderbook exchange, CoinBook, is holding an Initial DEX Offering (IDO) for $BOOK token.
What is CoinBook?
CoinBook is the world’s first decentralized P2P protocol on the Core chain allowing traders to exchange tokens peer-to-peer without the need for a Centralized or Swap Exchange.
This innovative DEX is igniting the P2P movement of crypto with its unique smart contract technology that circumvents the need for a Centralized or Swap Exchange with many advantages such as:
- Guaranteed Privacy (No KYC)
- Lower fees compared to CEX
- No slippage
- No market price impact
- No front-running bots
- You can keep full custodian
What is $BOOK?
$BOOK is the native platform token of CoinBook which will begin its IDO sale on March 22, 2023 at 12 PM UTC.
There are three major utilities of $BOOK:
Stake $BOOK, Build Your Portfolio
100% of the DEX transaction fees collected from trades will be donated to the holders who stake $BOOK in the Library Staking Pools. Users will be able to choose which Library pools to stake in to earn free tokens such as $BOW, $LFG, $AICORE, and much more!
Monthly Platform Rewards
CoinBook will reward its users monthly in $BOOK. The trading volume a user generates each month will determine how many $BOOK rewards they will earn.
Marketplace Governance
To further decentralize the CoinBook platform, the holders of $BOOK will participate in governance voting on important platform decisions. The more $BOOK you hold, the more voting power you have on proposals.
$BOOK IDO Details
Private Sale (Whitelisted Wallets) will first participate in the sale on March 22, 2023, from 12:00 UTC until 14:00 UTC. All Season 1 airdrop participants with completed tasks are whitelisted.
Public Sale (All Wallets) will start participating on March 22 2023, from 14:00 UTC until 14:00 UTC the next day (March 23, 2023).
The $BOOK IDO will take place on CoinBook’s platform. You can find out more details about CoinBook and $BOOK token on the CoinBook Doc.
Join CoinBook’s movement today and stay updated with the latest info!
Twitter | Telegram Community | Medium | Youtube
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Synthetix Smashes Records: Reaches $490 Million in Daily Trading Volume

Synthetix, the derivatives liquidity protocol, achieved a record-breaking $490 million daily trading volume on March 17. The protocol also generated over $511,000 in fees on the same day.
Synthetix Made Record Trading Volume
Derivatives Liquidity Protocol, Synthetix hit $490 million in daily trading volume for the first time on March 17, according to Dune analytics.
In terms of trading, the majority took place on the Kwenta trading platform, which accounted for $479.8 million in trading volume. In addition, the Synthetix generated more than $511,000 in fees on March 17.

Worth noting that Synthetix will distribute over $8M of Optimism's governance tokens to its perpetual swaps users as rewards.
The reward system will reward traders based on the fees paid, the volume generated, and the amount staked in SNX, Synthetix's governance token. As reported, users who stake 2,500 or more SNX can further boost their rewards with a maximum bonus of 15%.
The program will begin in the first week of April and run for 20 weeks.
In the first week, 50,000 OP tokens will be distributed, followed by 100,000 OP in weeks two and three. The remaining weeks of the program will see 200,000 OP per week.
The rewards will be issued from Synthetix's treasury, which received 9 million OP from the Optimism Foundation in July 2022.
Synthetix has also deployed version 3 (v3) on the Ethereum mainnet following security audits on February 23.
According to its developers, Synthetix v3 offers developers better architecture for developing faster, more complex, and more efficient decentralized financial applications (DeFi). Additionally, V3 will provide simplified staking and differentiated debt pools, meaning network stakers can contribute collateral to specific asset pools and receive fees without being exposed to every Spartan Council-supported asset.
Synthetix currently has a Total Volume Locked (TVL) of $457.14 million, which includes $303.82 million in Ethereum and $153.32 million in Optimism. Synthetix is trading at $2.88, up 0.08 in 24 hours.
What is Synthetix:
Synthetix is a decentralised liquidity layer built on Ethereum and Optimism that acts as a backend for DeFi protocols. Stakers provide liquidity to collateralize a portfolio of synthetic assets in exchange for rewards and market yields. This liquidity is used to underwrite synthetic assets and perpetual futures trading at oracle prices, removing the need for traditional order books and counterparties. As a result, liquidity is commutable and fungible across markets, and traditional slippage is eliminated.
Learn more about Synthetix:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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The daily Web3Go Data report specializing in blockchain data on BNB Chain. Here is the report for March 24, 2023.
Web3Go Daily Data: BNB Chain


What is Web3Go:
Web3Go is an open data platform that focuses on the formatting, visualization, sharing, and collaborative analysis of the on-chain data generated in the Polkadot and BNB Chain ecosystems.
Where to find Web3Go:
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