What is Bitgert (BRISE)?

Bitgert is a blockchain-based crypto engineering institution that aims to provide solutions for blockchain-based audits and products worldwide. In order to support this aim, the institution has developed a fast-working blockchain, known as the Brise Chain. The Brise Chain is the native blockchain of the Bitgert organization and supports a low fee structure and can perform up to 100,000 transactions per second (TPS). According to the website, using this Brise Chain, Bitgert has developed its own ecosystem that consists of different products, including NFT, Web3, DeFi, and more. These products, in turn, allow users to participate in the Bitgert ecosystem and carry out operations like trading, exchanges, etc.

Further, according to the whitepaper, the Brise Chain was developed using a dual chain architecture. The term dual chain architecture signifies a mechanism that supports activities of two different blockchain networks while facilitating developmental and operational activities to be performed on the blockchain. This framework of the Brise blockchain, in turn, facilitates participants to build DApps, carry out trading, and perform other operational activities on the network. Because of this dual chain architecture, the Brise chain also reflects:

• EVM Compatibility: This signifies that the Brise Chain network supports all tools and assets of the Ethereum blockchain network. It is because EVM stands for Ethereum Virtual Machine, which is computing rules using which blocks are verified on the Ethereum network.

• Interoperability: This signifies that the DApps developed on the Brise Chain can perform efficiently on both the Ethereum and Brise networks, optimizing scalability and providing users with a faster and better experience.

These features, in turn, provide users with a dual chain advantage along with a secure, cheaper, faster, and stable network that can be used for carrying out transactions. Further, to support all these activities of the Bitgert ecosystem, the Bitgert organization launched its cryptocurrency, the BRISE token.

BRISE is the native token of the Brise Chain and Bitgert ecosystem, and it functions using smart contracts. These smart contracts make the token compatible with Ethereum-based ERC-20 and Binance Smart Chain–based BEP-20 tokens, making it efficient for exchanges and swapping. According to the whitepaper of the asset, the BRISE token serves many different utilities within the Bitgert ecosystem:

• The tokens are used for paying gas fees for executing smart contracts.

• BRISE is used as gas for staking the token.

• The BRISE token is used as a peer-to-peer payment service on the Brise Chain using the Brise wallet.

• The tokens are used for collecting transaction fees on the network.

• BRISE is used for carrying out marketing of the network.

• The BRISE token is used to reward the stakers of the network.

Besides these utilities of the token, serving a healthy operating structure within the Bitgert ecosystem, to ensure the stability of the token, Bitgert has also implemented a buyback mechanism. This buyback mechanism helps increase the token price through elevated demand of BRISE in the market while boosting the confidence of stakers on the cryptocurrency and the network, thus helping develop a network that can support participants worldwide with different blockchain-based solutions.   

History of Bitgert (BRISE)

Bitgert is a crypto engineering organization that started its journey with the initial launch of its token and website on July 6, 2021, as per the smart contract address of the asset. The token of the organization has a maximum total supply of 1,000,000,000,000,000 BRISE.

How Are BRISE Tokens Created?

The BRISE tokens are created using a proof-of-authority mechanism on the Brise chain. In the proof-of-authority model, the block creators become the validators. This process reflects that all validators are pre-approved and are chosen by the Bitgert organization. In order to be a validator, block owners must reveal their real identities, deposit currency in the token to guarantee a long-term commitment, and remain at par with all other candidates. By using this PoA mechanism, pre-approved validators mine the tokens by validating transactions on the Brise Chain, against which tokens are generated.