What is bitsCrunch (BCUT)?
bitsCrunch is an AI-powered, decentralized NFT data platform which enables developers to build reliable NFT applications (dApps) quickly and easily. BCUT, the native token of bitsCrunch, brings several unique features and benefits to the table, including NFT analytics, data privacy, decentralized data marketplace and community governance.
How Does bitsCrunch Work?
The bitsCrunch platform operates on a unique DPoS blockchain structure comprising various
specialized nodes, each serving distinct purposes.
Operator Nodes
There are two Operator nodes on the chain — Query Processor Nodes and Data Enricher
Nodes. The former directly interacts with consumers of the platform, i.e., users who submit
queries for NFTs and collections. These nodes process user requests and provide finalized
results.
The second type of Operator nodes, Data Enricher Nodes, are the main entities that source
data from external blockchains, process it and enrich it with the necessary analytics per the
user's request. Data Enrichers interact with Query Processors to receive details of user requests
and provide the necessary data. While Query Processors can be thought of as the front end that
interacts with users, Data Enrichers are the back end that does the heavy lifting regarding data
sourcing and processing.
Additional Nodes
There are also other types of nodes with important functionality on the network. One of these is
Indicator nodes, who monitor the external environment — NFT marketplaces, blockchains and
other platforms — and signal network participants as to which sources and metrics to scan.
Another type, Contributor nodes, participate on the platform by contributing AI and machine
learning (ML) algorithms, programming code and suggestions for network improvement.
Finally, there are Delegator nodes. These consist of users who delegate their funds to the
Operator nodes to support network operations.
The platform's data architecture is divided into four layers, per the image below.
The Data Query layer is where users and Data Query nodes interact. Within the Data
Processing layer, Data Enrichers carry out their data enrichment operations and pass the
results to Query nodes. Data Enrichers also source external data at the Data Acquisition layer.
Finally, the fundamental Data Storage layer encompasses all the other layers and is designed
for overall data management and storage.
If you wish to trade BCUT tokens on an exchange, then you can read this article on how to do it
on Giottus Crypto Exchange. If you wish to deposit, then we have that covered as well. Trade
responsibly.
Disclaimer: Crypto-asset or VDA investments are subject to market risks such as volatility and
have no guaranteed returns. Please do your own research before investing and seek
independent legal/financial advice if you are unsure about the investments.
