TORONTO, Jan. 10, 2025 /PRNewswire/ — The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin (available on Coinbase) functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin (available on Coinbase) Tokenization (Verified Bitcoin (available on Coinbase)) with on-chain native features, enabling real day-to-day utility, while solving current frictions for all Bitcoin (available on Coinbase)ers globally today. 

Verified Bitcoin (available on Coinbase) (vBTC) enables anyone the ability to save, spend, withdraw, borrow, lend, mint & transfer media / documents, and vault actual Bitcoin (available on Coinbase) with on-chain recovery features eliminating the need for third-parties or hardware wallets, through a feature rich simple text smart contract. This incredibly unique Bitcoin (available on Coinbase) token provides for enhanced privacy with near-instant transaction finality, all with near-zero fees. Verified Bitcoin (available on Coinbase) tokens are transferable in any denomination completely peer-to-peer, so long as they have a native Bitcoin (available on Coinbase) balance and always maintain a fully decentralized and non-custodial evergreen 1:1 peg. This means that 1 vBTC will always equal 1 BTC and token owners may withdraw their underlying Bitcoin (available on Coinbase) anytime with a ‘one-click’ multisig action or off-ramp the token itself, in whole or in part, at any participatory liquidity provider.

This empowering development will inevitably help provide congestion relief for the Bitcoin (available on Coinbase) network, dramatically reduce Bitcoin (available on Coinbase) holders cost of ownership and transfers, enable media embedding, and increase self-custodial security exponentially, adding immediate utility to holders of the largest digital asset class. It is anticipated that Verified Bitcoin (available on Coinbase) may also help facilitate additional native scarcity with Total Value Vaulted (TVV) over time on VerifiedX Vaults.

VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin (available on Coinbase) specific sidechain for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets.

For Further Inquiries:Website: https://verifiedx.io/Discord: https://discord.gg/7cd5ebDQCjTwitter (X)): https://twitter.com/vfxblockchainGithub: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io

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