VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality.

TORONTO, Jan. 10, 2025 /PRNewswire/ -- The VerifiedX (VFX) Network, VerifiedX.io, has announced the launch of VFX SwitchBlade, a mainnet non-custodial wallet that offers complete native Bitcoin functionality. Additionally, the VFX SwitchBlade boasts a 'first-mover' fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, catering to the real day-to-day needs of Bitcoiners worldwide.

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

This groundbreaking development will inevitably aid in alleviating congestion on the Bitcoin network, drastically reducing Bitcoin holders' cost of ownership and transfers, enabling media embedding, and exponentially increasing self-custodial security, adding immediate utility to holders of the largest digital asset class. Over time, Verified Bitcoin is also anticipated to help facilitate additional native scarcity with Total Value Vaulted (TVV) on VerifiedX Vaults.

VerifiedX - VFX (VerifiedX.IO) is the first open-source decentralized network that serves as both a universal layer 1 and a Bitcoin 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/7cd5ebDQCj

Twitter (X)): https://twitter.com/vfxblockchain

Github: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io