Binance Smart Chain presents us with a valuable opportunity to bring our unique products to the many teams that have been building on it.
The Bird Nest continues working hard to create unbeatable next-gen analytics products that will play an important part in the next phase of the internet, Web3.0. To this end, the entire team ensured that we took the next step to be in the ecosystems and communities where the most action is taking place.
Why BSC is an Important Opportunity for Bird
Creating a premium wallet-level user behavior product demands the presence of enormous amounts of data. Binance Smart Chain’s impressive rise and huge user base activity make it fertile ground that captivates Bird’s interest, making it a network that we intend to fully harness. Some of the main ingredients that make BSC a natural port of call for Bird include:
High Level of Activity
As we build our machine learning models, it is critical that they are exposed to the volume of data they need to learn and get better with time. Binance Smart Chain at certain peak periods handles as much as 12 million transactions in a single day. Coupled with the almost 100 million unique addresses on this growing network, BSC is an incredible opportunity for Bird products to mature and improve going into the future.
BSC is an incredible opportunity for Bird products to mature and improve going into the future.
Bird is still very much on Ethereum and will continue to be on this battle-tested chain. With BSC, we are taking advantage of a corridor that allows us and the businesses we are targeting seamless interoperability. This gives DAppss and their teams more freedom to create new solutions while harnessing the cutting-edge products we offer.
Speed and Fees
A major factor contributing to BSC’s rapid rise is its relatively low fees and faster transaction speeds compared to Ethereum. Bird is keenly interested to learn just how transaction fees, speed, network security, and other metrics affect the decision of users around the world. We aim to help teams create better products that serve their customers better while making sure the users that supply the data needed to create these products are not left out from the windfall resulting from the user behavior market.
Bird is keenly interested to learn just how transaction fees, speed, network security, and other metrics affect the decision of users around the world.
Machine learning tools need to learn, and we have been working hard over the past few months to give our models the ideal incubation environment to succeed. The team is thrilled with the successful completion of our BSC integration and can’t wait to share with the world just what we learn and how it can create a more sustainable, ethical, and more equitable user behavior market for the future.
Bird is empowering dApp developers to create the Web3.0 UX of the future by developing wallet-level machine learning prediction products that are accessible within a permissionless, decentralized on-chain oracle. Developers that integrate with our products can, for example, offer variable defi loans or launchpad investment terms based on Bird’s analysis of the wallet’s past behaviors as well as off-chain data streams.
Behavioral prediction products fueled the growth of Web2.0 companies such as Google and Facebook, but centralization had led to power and profit disparities. Combining the power of ML with open and decentralized technologies will enable Bird to create an entirely new tech business model. Operational decisions such as how sensitive data are used and what user behaviors are analyzed can be made by the community (i.e, token holders), with community profit-sharing serving to align the long-term incentives of Bird administrators and ecosystem users.