Bitcoin.com monthly recap for January 2023
Here are the top announcements and news from?Bitcoin.com?for the month of January 2023.
Coming soon: Verse?Farms
? Time to take your yield to new heights! Verse Farms will soon launch with 80% APY. Get ready to deposit your LP tokens on https://verse.bitcoin.com for a celestial boost. ?
??? Bitcoin.com Wallet upgrades
? Improved fee optimization and customization
You now have more control over the fees you pay when transacting on Ethereum, Avalanche, and Polygon using the multichain?Bitcoin.com Wallet. With the upgrade (technically known as EIP-1559), the?Bitcoin.com Wallet?now monitors the base fee for transactions as well as the market rate for gas. Using that data, the Wallet automatically arrives at the optimal price for each of the three preset speeds (Eco, Fast, and Fastest). You also have the option to manually customize your network fee settings for each transaction you create, including by setting a max base fee and a priority fee (tip). Here’s how it works:
This backend architecture update will help the?Bitcoin.com Wallet?to quickly integrate enhancements for Ethereum as well as for each of the two supported EVM chains (Avalanche and Polygon).
Read more about customizing transaction fees in the self-custodial Bitcoin.com Wallet?here.
? Default safe mode for receiving/requesting coins
In a multichain universe it is more common than ever to mistakenly send the wrong coins to the wrong address. With this enhancement, both the token and the blockchain are now encoded directly in the QR code that is generated when you receive/request coins. Technically, this is the EIP-681 upgrade, and it applies to all EVM coins in the Wallet. Note that you can still toggle between safe mode and legacy mode, which you may need to do to request coins from wallets that don’t yet support this feature. Here’s a demo of how to receive crypto in the Wallet:
? Human readable addresses on Avalanche and Polygon
Say goodbye to long, complicated wallet addresses! Now you can use human-readable addresses on Avalanche and Polygon (in addition to Ethereum, which was already supported).
Here’s how easy it is:
Read more about human-readable addresses and how to get set up with one?here.
??? Verse DEX Upgrades
We’ve upgraded the interface for Bitcoin.com’s decentralized exchange?Verse DEX, making it easier to deposit, withdraw, and view earnings. Upgrades include:
? New UI for deposit and withdraw screens. It’s now easier to manage your positions.
? New user experience for approval sequences.?It’s now more transparent on what you’ll be approving.
? Improved estimations for transaction costs when deposit and withdrawing liquidity.?The network fees required when transacting are now clearer.
? A host of bug fixes addressing performance, presentation, and formatting.?It’s now snappier on desktop and mobile.
Try out the?Verse DEX?now. You can trade permissionlessly and start earning APY by depositing cryptocurrencies into liquidity pools. Get step-by-step instructions on how to use the Verse DEX?here.
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Other Verse announcements
?? Dozens of partnerships, integrations, and collaborations
Since launching VERSE in December,?Bitcoin.com?has already racked up dozens of partnerships, integrations, and collaborations — all of which contribute to building out utility for?Bitcoin.com’s ecosystem token. Read more about these?here.
???First Verse Grants went live
Verse Community, the community grants initiative of the wider Verse Development Fund, made available its first grants in January. The Verse Community aims to support developers and participants through initiatives, events, and projects that grow?Bitcoin.com’s Verse ecosystem. For more information, and to apply for a grant, please visit?https://getverse.com/grants.
?? Editorial of the month
Bitcoin.com?CEO Dennis Jarvis gave his thoughts on the reasons centralized exchanges have dominated despite being antithetical to the core tenets of crypto such as self-custody, transparency, and censorship resistance. He also proposed solutions for how DeFi can replace CeFi and, in so doing, create more economic freedom in the world. Read the full article?here.
??? News recap
The top stories for each week of January 2023 from?Bitcoin.com News.
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