Despite the current global state of affairs, the cryptocurrency market is holding on relatively better than other markets. Since the market is experiencing a bear cycle, projects are focusing on building, developing, and improving their products before the next bull run hits. One of these projects is Bitgert, a crypto engineering organization. According to Bitgert’s website, this organization is the fastest-growing ecosystem in the market. Well, we will dive deeper into this organization and provide you with a reliable review.
What is Bitgert?
Bitgert made its debut back in 2021, promising a game-changing blockchain and ecosystem. The founder, Sarang Pokhare, started this project with the dream of creating the first-ever ecosystem with near-infinite scalability and zero transaction fees. Well, in theory, he achieved just that with Bitgert. The Bitgert ecosystem uses the innovative consensus mechanism known as Proof of Authority (PoA). Through PoA, this blockchain unlocks the full potential of Ethereum Virtual Machines (EVMs) and is able to use native cross-chain communication.
Being EVM-compatible is a big plus for Bitgert. Because of this, devs building upon the Ethereum blockchain can easily move to the Brise Chain. Moreover, devs can build hybrid decentralized applications (DApps), a type of DApp that is available across multiple blockchains.
We must note that Bitgert began its journey on the Binance blockchain, Binance Smart Chain (BSC). Initially, the BRISE token was exclusively available in the Binance blockchain, while today BRISE powers the native blockchain of the Bitgert organization, the Brise chain.
The Brise Chain
The Bitgert ecosystem is powered by the BRISE token and operates on the Brise chain. Again, this blockchain uses a unique PoA consensus mechanism known as Proof of Staked Authority (PoSA). This unique consensus mechanism utilizes a limited group of nodes as they are selected in and out based on governance. To add to this, governance in the Brise chain is staking-based.
According to Bitgert’s website, the Brise chain is a zero-cost gas fee blockchain. As per their website, the team of Bitgert has managed to build an infrastructure that makes the Brise blockchain virtually free to use. Moreover, their statistics show that it takes more than 100 million transactions in the Brise chain to accumulate $1 worth of Brise in gas fees. This translates to an average of $0.00000001 per transaction.
Bitgert Features
From a certain point of view, the current cryptocurrency market is oversaturated with products and services. Every day, hundreds of projects join the market, and most of them bring little to no value to the market. While some bring no value, others bring decoy projects filled with promises. Out of these hundreds of projects, there is a small chance that you can find one credible and promising project worth investing in.
Similar to every project in the market, the Bitgert organization promises a lot. Their roadmap shows an exchange, native blockchain, and cross-chain communication as some of the key elements of Bitgert’s ecosystem. Bitgert’s main feature is their transparency and, as they call it, honesty. Because their validators are spread around the globe, they claim that their blockchain is decentralized. Furthermore, this organization claims that its blockchain can scale up to 100,000 transactions per second while having zero gas fees.
Just recently, they also announced their new product, the Bitgert Wallet. As per their website, the Bitgert Wallet has three main elements that make it better than other wallets:
- Ease of use
- The Bitgert wallet allegedly uses new and futuristic technologies, making it more efficient and user-friendly at the same time.
- Secure transfers
- Similar to every crypto wallet, its wallet focuses on providing secure transfers for its users. This wallet uses encrypted tunnels to store your information, be that log-in information or transfer data.
- Greater diversity
- This organization also takes pride in its wallet when it comes to its features. They claim that the app includes all the necessary functions that it should have.
Bitgert Partners
Bitgert is doing great when it comes to reaching partnerships. Until today, this organization has reached an agreement with more than 53 partners. Out of them, 25 are ecosystem partners and 28 are exchange partners. Some of the biggest partners of Bitgert are KuCoin, Gate.io, BitMart, HotBit, LBank, PancakeSwap, Coinhub, DefiLlama, DEXTools, and ChainList.
As for their media exposure, Bitgert is doing fine. Until today, this organization was covered by several media channels, including Capital, Cointelegraph, and Changelly.
Conclusion: Should You Use the Bitgert Exchange?
The Bitgert Exchange is not operational. Although the Bitgert organization launched its own blockchain, its own native coin, and its own exchange, not everything is going smoothly for them. Currently, their cryptocurrency exchange is not working. Normally, a cryptocurrency exchange should be operational at all times. Of course, having maintenance breaks or being overloaded with traffic might force the team to halt operations in an exchange; however, this is not the case with this organization. Thus, we think that you should be careful while using the Bitgert exchange.
Bitgert Review
After doing our research, we came up with a review of this organization. While this organization promises a lot, it does not deliver much; at least not yet. Promising the first zero-cost blockchain and an efficient crypto exchange and delivering only half as much does not paint a good portrait for Bitgert. Therefore, we believe that you should be careful when using this organization’s services. This statement is valid for every cryptocurrency project out there, not just for this certain project.
Bitgert evaluation:
| Transparency | 1/2 |
| Efficiency | 0/2 |
| Partnerships | 2/2 |
| Vision | 1/2 |
| Listings | 1/2 |
| Overall | 5/10 |
Takeaways
- Bitgert is a relatively new organization that is working towards improving its blockchain, Brise Chain, to overcome competition.
- Bitgert initially operated on the Binance Smart Chain (BSC) blockchain.
- The Brise Chain uses an improved version of the Proof of Authority (PoA) consensus mechanism called Proof of Staked Authority (PoSA).
- This blockchain is EVM-compatible, making it very programmable.
- According to its website, Bitgert’s blockchain has the lowest gas fees in the industry, with an average of $0.00000001 cost per transaction.
- One of the organization’s most promising products, the Bitgert exchange, allegedly has lower fees than Binance, the biggest cryptocurrency exchange in the world.
- As per its exchange, its platform is down and is not operable at the moment.
- Out of 10 points, we give Bitgert an evaluation of 5 out of 10 because of its low efficiency, lack of transparency, and not realistic plans.