What is Bit Sailing (Bit fan)?

What is Bit Sailing? Editor’s Note: This article comes from William’s Talk (ID: William1913), author: Chen William, authorized reprint by Odaily Star Daily.

Foreword:

Bit Sailing is one of the future directions of blockchain technology application. In the past two years, due to the impact of Bitcoin halving, a large number of new projects and trading platforms have been rushed into the global market. This has caused certain concerns about the price of Bitcoin. However, with the increasing price of Bitcoin, the increasing variety of coins mined by miners, and the gradual reduction of block rewards, these factors have influenced people’s views on Bitcoin. So what is Bit Sailing? It sounds simple! Because theoretically, Bitcoin is a decentralized network protocol that allows anyone to freely participate in the network and without any third-party interference. However, in order to become a representative of the next generation of the Internet, a brand new infrastructure needs to be established to support the application of this new digital currency. Therefore, when everyone considers what new types of encrypted assets will appear in the next few years, this question has become the most concerned issue, and of course, it has also brought some uncertainties.

Now let’s find out what Bit Sailing is.

What is Bit Sailing: Bit Sailing is an enterprise-level software development toolkit (SDK) that provides services to the industry. Its main functions include user interface design and maintenance, product iteration and upgrading. In addition, through this toolkit, enterprise-level cloud solutions, high-performance hardware wallets, and secure and convenient payment systems can be realized. In addition to being open-source, Bit Sailing also has cross-chain interoperability, which can solve the performance bottlenecks, data availability, and security requirements that current public chains cannot meet. At the same time, as middleware for distributed business systems, Bit Sailing is also an open-source software toolkit for the general public, used to build trustless economic systems based on blockchain technology.

Why is it said that many companies have launched their own open source code? Actually, the answer is not definite. For example, giants like Tencent announced a new plan called “DappforGood” as early as June this year to help users easily create faster, better, cheaper, and easier to use dAPPs. Based on this speculation, a batch of truly innovative DApps will be born and released in the future.

In addition, many other companies are also working on similar designs. For example, Microsoft is using a virtual machine called EOSIO to build EOS nodes, and Bit Sailing is actively trying to migrate EOS to EOSIO.

Bit fan

FanToken platform, invested by Bitmain, will launch a brand new brand, Bit fan, on September 2nd. Users can purchase and exchange FanTokens through official channels.

It is reported that FanToken is a one-stop digital asset service ecosystem based on blockchain technology for issuance, management, and trading. In addition to landing applications in the payment field, it can also support various functions and application scenarios such as cross-chain remittances. It has already been launched on the Binance Smart Chain (BSC) and Huobi HECO public chain.