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About BIR

Birake mission is to offer both exchange owners and users of Birake network the largest database of orders / users and in the same time to achieve high trade volumes. Birake shall inter-connect exchanges from its network and share orders & assets between them. Moreover, it will provide future trading platform owners the flexibility to incorporate their own domain name brand, logo and personalisation of their exchange platforms. The Birake Network is a central database of orders which are openly shared among all exchanges run on the network. Similarly, traders can have access to multiple exchange platforms at once through the Birake exchanges network.

Birake (BIR) is a cryptocurrency launched in 2018. BIR has a current supply of 350.32M with 0 in circulation. The last known price of BIR is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://birake.com.

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BIR Price Statistics
BIR’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9205
BIR Market Cap
Market Cap
$0
Fully Diluted Market Cap
$167,579.29
BIR Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BIR Supply
Circulating Supply
0
Total Supply
350.32M
Max Supply
0
Updated Dec 25, 2024 5:29 pm
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BIR
Birake
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Evaluating Decentralization In Blockchain Protocols
Evaluating Decentralization In Blockchain Protocols
According to CoinDesk, decentralization is a fundamental principle of blockchain technology, offering a more resilient and censorship-resistant alternative to centralized systems. However, questions arise about whether the leading protocols in the industry are as decentralized as they claim. Decentralization can be assessed through various dimensions, with the number of entities involved in the validation or block-mining process being a primary metric. Yet, other factors also play a significant role in either enhancing or undermining decentralization. One such factor is the hosting facilities where nodes are located, which directly impacts control over them. If numerous entities host nodes on facilities managed by a single or few entities, it poses a risk to the network. A notable example is when Hetzner unilaterally shut down 40% of Solana validators in 2022. Jurisdiction is another critical aspect, as geographic location provides diversification of risk related to unfavorable or unpredictable regulatory actions. Additionally, the use of client software is crucial; a blockchain with nodes running on a single client software is more susceptible to bugs and vulnerabilities than those using diverse code. Decentralization, however, comes with its challenges. The greater the distance between peers, the higher the latency, which is crucial for validators to complete tasks within a reasonable timeframe. Failing to meet these deadlines results in missed rewards for validators, increasing the incentive to be located near larger clusters of peers, thereby promoting centralization. Larger block sizes or shorter block durations further incentivize centralization. Many protocols inadvertently penalize decentralization by reducing rewards for those who deploy infrastructure in less populated territories. Pioneers in these areas bear the burden of blockchain resiliency without incentives beyond fulfilling necessary tasks. Few protocols offer predictable and explicit incentives at the protocol level, such as higher priority in proposing blocks or increased issuance rewards, to encourage network decentralization. In most cases, incentives are managed as arbitrary grants or delegations from protocol foundations to specific network participants on a case-by-case basis. If decentralization remains the cornerstone of blockchain's ethos, the industry must act accordingly. Protocols need to implement mechanisms that incentivize nodes to operate in diverse jurisdictions, be hosted on independent facilities, and use varied client software. Without such incentives, the natural pull of economic efficiency will drive centralization, threatening blockchain's promise of censorship resistance and resilience. The future of blockchain depends on networks designed to remain decentralized by design, not by accident or goodwill. Ensuring decentralization is not just an aspiration but a measurable, incentivized reality is crucial for the industry's future.
Jan 16, 2025 1:54 am

Frequently Asked Questions

  • What is the all-time high price of Birake (BIR)?

    The all-time high of BIR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Birake (BIR) is 0. The current price of BIR is down 0% from its all-time high.

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  • How much Birake (BIR) is there in circulation?

    As of , there is currently 0 BIR in circulation. BIR has a maximum supply of 0.

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  • What is the market cap of Birake (BIR)?

    The current market cap of BIR is 0. It is calculated by multiplying the current supply of BIR by its real-time market price of 0.

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  • What is the all-time low price of Birake (BIR)?

    The all-time low of BIR was 0 , from which the coin is now up 0%. The all-time low price of Birake (BIR) is 0. The current price of BIR is up 0% from its all-time low.

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  • Is Birake (BIR) a good investment?

    Birake (BIR) has a market capitalization of $0 and is ranked #9205 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Birake (BIR) price trends and patterns to find the best time to purchase BIR.

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