Nubit Layer DA Bitcoin Releases Alpha Testnet Incentive Program

Bittime - A decentralized crypto asset created by Satoshi Nakamoto in 2008, Bitcoin allows transactions between people without intermediaries. Bitcoin's native DA layer, Nubit, received $8 million in funding from Polychain Capital after launching its Alpha testnet incentive program.

What is Bitcoin?

In the first whitepaper published in 2008, a person or group of people using the pseudonym Satoshi Nakamoto explained that Bitcoin is a decentralized crypto asset. It was released in January 2009.

Bitcoin is a peer-to-peer online currency, meaning all transactions occur directly between equal and independent network participants without the need for an intermediary to allow or facilitate them. Nakamoto claims that Bitcoin was created to allow online payments to be sent directly from one party to another without going through a financial institution.

While there have been several previous ideas about a type of decentralized electronic currency similar to BTC, Bitcoin has the distinction of being the first crypto asset to be put into real use.

Nubit Layer DA Bitcoin Releases Alpha Testnet Incentive Program

Foresight News reports that Bitcoin's native DA layer, Nubit, will launch an incentive program for its Alpha testnet. Community mobilization, light node tasks, and testnet adventures are the three phases of the incentive program, each with various incentives. The first stage, 'community mobilization', has officially begun.

Polychain Capital Leads Nubit's Initial Funding Round

A previous report by Foresight News revealed that Polychain Capital led Nubit's seed funding round in early June, which has already raised $8 million. With this latest funding round, Nubit's total funding reaches $12 million.

Conclusion

Bitcoin, first mentioned in a white paper by Satoshi Nakamoto in 2008 and released in January 2009, is a decentralized crypto asset. It enables direct transactions between users and colleagues without the need for intermediaries such as financial institutions. Many people around the world use Bitcoin, which is the market leader in decentralized digital assets.

Bitcoin's native DA layer, Nubit, recently launched an incentive program for its Alpha testnet. The program consists of three stages: community mobilization, light node assignment, and testnet adventure. The first phase is already underway. Additionally, Nubit received $8 million in seed funding from Polychain Capital, increasing its total funding to $12 million.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.