The cryptocurrency industry is wide and does not revolve solely around Bitcoin, Bfi coin and blockchain anymore. According to the most recent count, there are over 6,500 cryptocurrencies. Of course, not all of them are equally desirable, just as not all currencies in the actual world are on equal footing.
Investors considering entering the crypto-verse must decide whether to acquire a large quantity of one currency, divide their funds between two distinct cryptocurrencies, or participate in the movement of many currencies. There is no one-size-fits-all approach, and picking which cryptocurrencies to invest in differs depending on one person’s risk tolerance vs another’s.
Various cryptocurrencies, for example, are better suited to specific purposes, such as those of investors, application developers, day traders, and so on. Knowing more about currencies will give you a greater chance of making an informed decision.
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BFIC – A promising cryptocurrency
Having said that, let us talk about the cryptocurrency that has the potential to pass everyone’s investment criteria and guarantees a promising future for the investors. BFI Coin, a cryptocurrency based on third-generation blockchain technology with a fully equipped ecosystem.
BFIC is designed by Innovation Factory to fill the void present in the crypto world. Most of the cryptocurrencies available are ill-equipped when it comes to scalability. The previous generation of blockchain technology lacks the trait of handling massive transactions load. Thereby resulting in delays or failed attempts. This did not sit well with the investors.
Since the issue of scalability came to light, developers all over the world are searching endlessly for a permanent solution.
Many have proposed a solution but no one has been able to fully execute is successfully it so far. Except for Innovation Factory. Due to the creator’s ability to analyze the flaws in present cryptocurrencies and foresee the future trend, they were able to combine the best features of Bitcoin, Ethereum, and TRON and create a new algorithm that delivers high performance and scalability.
Besides this, the architectural structure of the BFIC platform is divided into three layers. The triple-layered architecture ensures high security, responsive scalability, and lighting fast transactions. As a result, the transaction and data storage cost is low and assets can be tokenized to circulate on Ethereum and other networks. BFIC layers consist of:
- Application Layer: DApps, Smart Contracts, Wallets.
- Core Layer: Nodes – Light, Common, Master, Super Representative.
- Network Layer: Internet, Blockchain State. Storage.
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Ecosystem – The future of crypto-verse
Owning a utility-based cryptocurrency is highly crucial. A cryptocurrency with high utility increases its value over time and makes it a desirable commodity. Most of the new crypto projects fail miserably because they fail to provide any kind of utility.
BFIC has a limited supply of 21,000,000 that will be released over 5 years. A coin with limited supply is expected to increase a lot in value and that too with high utility. BFIC is backed by an ecosystem consisting of 16 projects that cater to different digital needs. From NFT games to booking online travel tickets, everything is a part of the ecosystem. Some of the projects have already been launched while others are still in the development phase.
The full ecosystem will be released and functional by the end of 2022. BFI Coin has been gaining rapid acceptance and recognition worldwide. It has been able to gather a loyal following that believes in the ecosystem. And is willing to support BFIC’s vision wholeheartedly. All projects in the ecosystem will require BFI Coin for functionality. This will increase the demand and value of BFIC greatly.
Cryptocurrency is gaining acceptance as a legit form of payment all over the world. Many companies have included it in their payment gateways. BFI Coin is expected to register itself. Some of the major exchanges soon after the completion of successful IEOs.
Build a Dedicated Following:
BFIC stands apart from all other cryptocurrencies in the world because it has a fully operating ecosystem. There is no other cryptocurrency with such a large ecosystem behind it. The BFIC ecosystem is intended to grow and supply its holders with a wide range of digital services.
On their XchangeOn exchange, the Future of BFI Coin Innovation Factory has successfully performed two IEOs. The feedback has been overwhelmingly positive. Before its inception, BFIC was able to build a dedicated following. The dedicated community believed in its ability to become the greatest coin the world has ever seen and aided the effort significantly. This guarantees that BFIC will have a prosperous future.
There are 16 innovative initiatives in the BFIC ecosystem. Some of them are about to go live, while others are still in the works. Everything is included in the ecosystem, from NFT games to E-Stores to Custom Investment Plans, Crypto Wallets, Trading Solutions, and Stake Mining Platforms. By the end of 2022, all of the projects should be completed.
Within the next five years, BFIC will be one of the world’s most valuable cryptocurrencies, with a fully functional ecosystem and great usefulness.
The general public will soon be allowed to buy and sell BFIC. It will also be listed on all of the world’s major cryptocurrency exchanges. The Innovation Factory is also working on registering BFIC.
The problem of Scalability:
A third-generation blockchain underpins BFIC. The elements of Bitcoin, Ethereum, and TRON were combined to create Innovation Factory’s blockchain. As a result, a new algorithm known as BFIC Mainnet was created. It is a very secure and fast triple-layered blockchain construction. It is a solution to the problem of scalability.
The three-tiered design assures data security as well as smooth and error-free transaction processing. The BFIC Mainnet can process more than 100,000 transactions per second. Furthermore, BFIC is supported by a fully working ecosystem, enhancing its utility and distinguishing it as a one-of-a-kind cryptocurrency.
Innovation Factory built a cryptocurrency with an ecosystem that has the ability to push the digital currency to a whole new level, keeping the core objective of cryptocurrency in mind. BFI Coin is a decentralized coin based on blockchain technology from the third generation. It is intended to be a high-utility currency that is backed by a large, fully working ecosystem.