Takeaways:
- The market is currently in Bitcoin season, with traders moving their funds away from altcoins and into the world’s most valuable crypto.
- Although most altcoins are down at the moment, a few continue to surge, particularly those related to Bitcoin.
- One such example is Bitcoin Hyper, a token presale that aims to make transactions faster and cheaper on the Bitcoin blockchain.
- The presale has raised over $25.6M to date, making it one of this year’s strongest token presales.
Bitcoin ($BTC) season is officially here, as traders rotate their investments from altcoins to the world’s most valuable cryptocurrency amid broader market uncertainty.
But, while most altcoins are currently off the table, some, in particular, those related to Bitcoin, continue to attract attention. A good example of this is Bitcoin Hyper ($HYPER), a project that aims to deliver fast and low-cost transactions to the Bitcoin network.
The presale has already raised over $25.6M and could potentially be the next crypto to explode.
The Bitcoin Blockchain: Highly Secure But Painfully Slow
Bitcoin may be the largest cryptocurrency by market capitalization, but it falls short when it comes to transaction speeds.
The Bitcoin blockchain can only handle about seven transactions per second (TPS) as opposed to Solana, which can do 65K TPS.
This means that transactions can take several hours to days to clear, resulting in higher costs.
Many think that overhauling Bitcoin’s underlying code could solve these problems. However, doing so would come at the cost of the chain’s robust security.
That’s why developers have created solutions that are built on top of the base Bitcoin blockchain. These help solve the fundamental problems while preserving the security for which Bitcoin is known.
Bitcoin Hyper to the Rescue with Low-Cost, Lightning-Speed Transactions
One such solution is Bitcoin Hyper ($HYPER). The project team is developing a Layer 2 network that will run on a Solana Virtual Machine. Doing so enables fast transaction speeds and low fees previously unseen in the Bitcoin ecosystem.
It’ll also feature a canonical bridge, which will allow you to send your $BTC from the base Bitcoin blockchain to the L2 and use your coin for activities such as staking, trading, and interacting with dApps. All in all, Bitcoin Hyper will help unlock the full value of your $BTC.
Its native $HYPER token will power the network once it’s launched. You use it to pay for transaction fees. It’ll also provide you with governance rights and access to exclusive features.
Here’s a quick look at how the L2 will work once it goes online:
Unlock the Power of Bitcoin—Join the Bitcoin Hyper Presale Today
Bitcoin Hyper has already raised over $25.6M, and is showing no signs of slowing down.
For now, you can only get $HYPER tokens via the official Bitcoin Hyper presale page. Right now, each one costs just $0.013215.
Alternatively, you can stake your tokens to earn passive rewards, currently set at 46% p.a. Take note, though, this can still change as more tokens are locked in the staking pool.
If you’re interested, hurry, as prices increase in stages throughout the presale, and time is running out to grab $HYPER tokens at the current price.
Front-run the Bitcoin of tomorrow —join the Bitcoin Hyper presale today.
This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.
AuthorRelated stories
Next article
Source: https://coindoo.com/bitcoin-hyper-raises-256m-could-be-next-crypto-to-explode/
