Fun

Cointelegraph Accelerator joins bitsCrunch network as a node operator

News Feed - 2024-07-12 02:07:00

Cointelegraph AcceleratorJul 11, 2024Cointelegraph Accelerator joins bitsCrunch network as a node operatorBy becoming a bitsCrunch’s node operator, Cointelegraph Accelerator enhances its support for the project by further decentralizing the bitsCrunch platform.2 Total viewsListen to article 0:00CT AcceleratorOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCointelegraph Accelerator has announced the launching of a node operator for bitsCrunch, an AI-powered non-fungible token (NFT) analytics and forensics company. With this addition, Cointelegraph seeks to enhance the decentralization of network participants and democratize access to proof-of-stake (PoS) networks.


The Cointelegraph Accelerator node also allows other holders of bitsCrunch’s native token, BCUT, to delegate their stakes to its node and receive passive income on holding the project tokens, adding more utility to token holders.


The initiative builds a new layer on top of standard accelerator offerings — including access to media products and audiences, marketing consulting and extensive networking — placing Cointelegraph Accelerator in a unique position.Cointelegraph Accelerator’s role as a node operator


A node operator in a network is responsible for maintaining the network’s integrity and security by running nodes, which are essential units within the network that perform tasks such as sending, receiving and transmitting information.


As a node operator for bitsCrunch, the Cointelegraph Accelerator enhances the network’s decentralization, which is vital for decentralized networks as it reduces the risk of a single point of failure and increases overall security. By launching a node operator, the Accelerator will democratize access to PoS networks, making it easier for participants to contribute to the network’s security and operation without needing extensive technical expertise.


Cointelegraph Accelerator will also offer node operation services to the participants of the Cointelegraph Accelerator program that run PoS networks.AI-powered decentralized networks


bitsCrunch leverages artificial intelligence (AI) to tackle significant challenges in the NFT market, such as forgery and price inflation through wash trading. The AI-driven platform uses advanced algorithms to conduct thorough analysis and forensics, identifying fraudulent activities and inflated prices.


By providing accurate market valuations and giving detailed insights, bitsCrunch fosters transparency and trust in the NFT ecosystem. Additionally, the platform addresses data fragmentation by offering comprehensive data solutions across multiple blockchains, enhancing the reliability and usability of NFT and decentralized finance (DeFi) data for developers, traders and collectors.


The platform’s approach relies on a decentralized model where community members contribute data and algorithms. Users can stake the platform’s native tokens, BCUT, to participate as node operators, delegators, indicators or community contributors.




In bitsCrunch’s decentralized network, developers, analysts, and users collaborate to foster a secure and transparent NFT ecosystem


Driven by its community, bitsCrunch provides a comprehensive overview of the NFT market, including rich infographics, in-depth market reports, relevant statistics and insights into wash trading patterns.


Gopi Kannappan, co-founder and chief product officer of bitsCrunch, expressed his excitement about Cointelegraph Accelerator’s initiative to become a node operator. He emphasized that this collaboration marks a significant milestone for bitsCrunch, as it strengthens the network’s decentralization and security. Kannappan believes this partnership will bring immense value to the bitsCrunch community and enhance the overall integrity and transparency of the blockchain data ecosystem.


Cointelegraph Accelerator representative Paul Solntsev commented on the partnership, stating:“We are delighted to announce the addition of node operations service to the Accelerator Program, further enriching its value. This service can be particularly advantageous for early-stage projects as they work to establish their networks. Looking ahead, we envision ourselves as a comprehensive partner for program participants, offering support in various areas such as marketing, network development, technical services and other facets of project expansion.”About bitsCrunch


bitsCrunch stands out in the NFT analytics sector, offering comprehensive data solutions across multiple blockchains. Its tools are crucial for developers, traders, and collectors, enabling them to make informed decisions through accurate value assessments and detailed market insights. bitsCrunch"s ultimate goal is to be the standard NFT analytics engine for all decentralized applications (DApps) worldwide, ensuring a reliable experience in the digital asset and NFT markets.About Cointelegraph Accelerator


Cointelegraph Accelerator is a program that provides media products, marketing advice, mentorship support and other benefits to accelerate the growth of Web3 startups. It leverages Cointelegraph’s network to provide access to investors, technological partners, exchanges and many more. The program focuses on decentralized finance, non-fungible tokens, GameFi, Web3 social, cross-chain and layer 2s, as well as other segments of the broader Web3 industry. Accelerator participants also receive mentorship support on key aspects of Web3 startup growth, such as token launch, liquidity management or token incentives design.# Blockchain# Decentralization# Adoption# Nodes# NFT# Cointelegraph AcceleratorAdd reaction

News Feed

Tom Blackstone8 hours agoOptimism network launches testnet fault-proof system in pursuit of decentralizationOP Labs implemented its modular fault-proof system on the OP Goerli testnet.1343 Total views26 Total sharesListe
Naomi Osaka Reveals New NFT, Dogecoin Sparks Tennis Star’s Interest in Cryptocurrencies
Naomi Osaka Reveals New NFT, Dogecoin Sparks Tennis Star"s Interest in Cryptocurrencies The popular professional tennis player Naomi Osaka has been discussing non-fungible token (N
Alice Ivey12 hours agoHow to detect fake news with natural language processingUnravel the power of NLP in spotting fake news with various techniques and real-world examples.963 Total views15 Total sharesListen to article
Gareth Jenkinson11 hours agoDid Binance’s CZ predict his own downfall?An exclusive interview with Cointelegraph in 2018 highlighted growing scrutiny of Binance’s meteoric growth.1906 Total views5 Total sharesListen t
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This YearThe world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, a
XRP $15 Breakout? Not A Far-Fetched Idea—Analysis
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt
Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt Hedge funds are betting against Rome’s liabilities as S&P Market Int
Ethereum Holds Key Support To Set A $6,000 Target – Analyst
Este artículo también está disponible en español. Ethereum (ETH) is showing strength, finding support at a critical level around $2,400 and pushing to local highs near $2
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, as Both Run Into Strong Resistance
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, as Both Run Into Strong Resistance Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains
Derek Andersen2 hours agoCentral banks will face unfamiliar challenges to achieve CBDC inclusivity, study saysThe potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Ba
Dogecoin Repeating History? This Setup Led To 150% Gains
Este artículo también está disponible en español. A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Doge