Bahamut Network is announcing its integration with FoxWallet, a multi-chain web3 wallet facilitating access to a diverse array of dApps, managing digital assets, and engaging with various blockchain networks.
This integration is a significant step as it grants FoxWallet users effortless access to Bahamut's native cryptocurrency, FTN, alongside an array of other digital assets.
With an impressive track record boasting over one million downloads and a daily active user base ranging from 15,000 to 20,000, FoxWallet enjoys widespread popularity across key regions globally. This extensive user base provides an ideal platform for Bahamut Network to expand its reach and accessibility, fostering greater adoption and utilization of its innovative blockchain solutions.
About Bahamut
The Bahamut blockchain is a public, EVM-based, layer 1 blockchain solution launched in 2023. Its innovation lies in its unique Proof of Stake and Activity (PoSA) consensus algorithm which combines traditional Proof of Stake (PoS) with an activity-based system, where validators receive rewards for their stake and the activity generated by their smart contracts. In other words, Using Bahamut for decentralized applications (dApps) offers significantly lower transaction fees than other EVM-based blockchains. Moreover, the Bahamut blockchain predominantly supports and utilizes Solidity for smart contract development. This choice aligns with the most common practices in the industry and ensures robustness and security in contract creation and execution.
Disclaimer:
Investing in Virtual Assets entails inherent risks due to market volatility, regulatory uncertainty, and technological vulnerabilities.
Information provided is for informational purposes only and should not be construed as financial advice. Users are encouraged to conduct their own research and due diligence before making any investment decisions.