Bitkub Blockchain Technology announces new road map to enhance its chain ecosystem

Thailand’s Bitkub Blockchain Technology company announced radical new changes to the network’s protocol called “Erawan Hardfork” at Bitkub Chain, the Next Chapter event.

The purpose is to maximise efficiency of the blockchain network and prepare for mass adoption in the near future.

“The event initially started with vision and a mission by Jirayut Srupsrisopa, founder and CEO of Bitkub Capital Group Holdings, to develop Bitkub Chain from the beginning to the future, which aims to boost digital infrastructure in Thailand together with the perspective of future trends in technology and business,” the company said in a press release.

“With state-of-the-art technology, it has unlocked a new way of living,” Jirayut said.

“Firstly, we can easily exchange information on the internet, which will maximise growth of the digital economy via the free flow of data. Secondly, blockchain technology will also unlock the free flow of capital. This means money can circulate in the digital economy without an intermediary via micro entrepreneurship. As a result, Bitkub is building digital infrastructure to support Thailand so the country takes the lead in technology,” he explained.

This follows the opening to 21 node validators on Bitkub Chain after the Erawan Hardfork process (upgrading from 11 to 21 node validators).

The 21 include Saha Pathanapibul, TPCS, Siamrajathanee, Proen Corp, Ananda Development, TPCX, Inspec, 2C2P (Thailand), Multiply Technology, SmartContract (Thailand), Villa Market JP, GetLinks (Thailand), Six Network (Thailand), ABX Ventures, Diamon Finance, Finstable, Shin-A Service, Dig Dig, SiS Distribution (Thailand), Minor International and Arch 2021 (Thailand), the press release said.

With the opening to more node validators, Bitkub announced the new big changes. These changes to the network’s protocol are called “Erawan Hardfork”.

Bitkub Chain will support several technical tools and enhance efficiency of the blockchain network.

“These new changes will maximise users’ potential together with improving Bitkub Chain’s ecosystem to become a worldwide leader in blockchain,” CEO Passakorn Pannok said. “Also, Bitkub Next will be a bridge that connects people from the physical to the digital world.”

CTO Samret Wajanasathian said: “The cooperation with node validators is another step in Bitkub Chain’s development, which will drive and strengthen the Chain in the digital world. We believe digital technology will become a part of people’s lives.”

Rattanon Palanon, head of strategy at Bitkub Blockchain Technology, meanwhile introduced Bitkub Chain’s 2022 strategy.

He revealed new Bitkub Next and Bitkub NFT features, which will seamlessly connect people to the digital world.

At the Next Chapter event, there were three panel discussion sessions that allowed the company’s partners to discuss three main topics – DeFi (decentralised finance), GameFi and NFTs.

The DeFi session came courtesy of Finstable CEO Thanakorn Karoth, Yuemmai (Thailand) chief executive Sutthikiat Kittipattrakul and Loremboard CEO Thotsaporn Sunkbul.

The GameFi session was courtesy of Extend Interactive CEO Nenin Ananbanchachai, Dice Kingdom and ABX chief executive Chatchawan Suriyayanyong and Variasoft founder Pitchaya Srifa.

Meanwhile, the NFT session came courtesy of BitToon owner Chumpol Wongmatikul, Shin-A CEO and co-founder Nisith Ardharnwon, Thai Yamaha general marketing manager Plad Praweechanon, Amverse Digital CTO Surasak Vinij and YSTS Fam co-founder Jediiano.

Another important highlight of the event was the Bitkub Metaverse project. At this session, The Monk Studio CEO Suponwich Somsamarn and Studio business development executive Sakolwan Nimmol presented the keynote speech together, enlightening the audience about the project.

Before wrapping up the event, Passakorn detailed the road map and ecosystem of Bitkub Chain.

The Next Chapter event also featured NFTs airdrop (Live) activities on Bitkub Chain’s official Facebook page.

More than 15,000 NFTs, 20 KUB coins along with special NFT collections were distributed in the Live event via Bitkub Next wallet scanning.