Bware Labs is a promising new startup in the crypto ecosystem that is dedicated to bridging the gap between DeFi platforms, exchanges, and wallet providers. The company was founded to address the existing gap in the current interactions between these platforms, which are either costly and centralized or technically challenging and time-consuming.
The company aims to provide a decentralized, user-friendly platform that brings together Node Providers and End-Users. This platform will provide new opportunities for DApps developers, wallet providers, centralized and decentralized exchanges, as well as business intelligence for blockchain organizations and analytics companies.
Bware Labs’ solution is to build a decentralized marketplace platform where Node Providers and End-Point users can meet and collaborate in a profitable manner. The community formed around this platform will help reduce the technical and costs overhead for End-Users, while Node Providers will have less challenges in marketing their services and gaining the trust of End-Users.
End-Users will gain access to blockchain endpoints via WebSocket, RPC, and REST by selecting a subscription plan based on BWR tokens, through MetaMask. The subscription payments will be shared between the Bware Platform and Node Providers. Node Providers will be subjected to an automatic verification algorithm to ensure that the provided endpoints are in sync with the network, and the data and response times are adequate. They are required to stake BWR tokens, which will be slashed if they underperform.
In the first stage, Bware Labs will provide a centralized marketplace with all the Nodes owned by the company. This will enable End-Users to fully adopt the platform while Node Providers are being onboarded. When enough third-party Node Providers have joined the platform, the Bware Nodes will be decommissioned, and the Bware Labs team will transition fully into a support and monitoring role.
The company targets to begin with support for Ethereum and Binance Smart Chain (BSC) in their first release. Matic, Sifchain, Polkadot, Ethereum 2.0, and others are to be developed at later stages. This ensures a uniquely diverse portfolio of supported blockchains, an option which is not currently available on other platforms that mostly focus on Ethereum.
All actions in the Bware Labs platform are facilitated by Bware Labs Tokens (BWR ERC20) which will play a vital role in the infrastructure economy and will be the basis for the Program Governance. The company’s team has extensive exposure in the Crypto/DeFi space and large development companies, and they are composed of highly skilled engineers who are also personally active and engaged in the Crypto Industry.
Bware Labs’ product will leverage the team’s extensive technical experience with APIs and Node/Validators development for a smooth and efficient integration with various blockchains. On the business and marketing side, the company benefits from the counsel of a team of Advisors who have built and operate many successful programs in the Crypto space.
Bware Labs is a promising new startup that aims to revolutionize the crypto ecosystem. The company’s innovative platform is set to provide a decentralized, user-friendly solution to the current challenges in the interactions between DeFi platforms, exchanges, and wallet providers. With its dedicated team and innovative product, Bware Labs is set to make significant contributions to the growth and development of the crypto ecosystem.
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