August 1, 2022, in San Francisco The impending hard fork event for its blockchain has been slated for 8/8/2022 at 8:08 am by Beowulf Blockchain, the world leader in decentralized communications and data cloud networks (GMT). With this hard fork, the consensus and software will be updated to provide the following improvements:

1. Providing Non-Fungible Token Support (NFT)`
2. The annual inflation rate is fixed at 1%.
3. Gas/transaction fees are uniformly adjusted for all transactions. The following is the new transaction fee:
   1. A wallet name can be registered on the blockchain for $0.01.
   2. $10 for creating a fresh fungible token
   3. Transfer of fungible tokens: $0.01 transaction cost
   4. Transfer of non-fungible tokens: $0.01 transaction cost
   5. Creation of non-fungible tokens: $0.01

The primary purpose of this hard fork event is to support the NFT function, from minting through managing. The launch of the Crystabaya marketplace will be made possible by the NFT support for the blockchain infrastructure (the NFT-based market for hotels and travel-related services).

This is an important and required endeavor at this point in the development of high-performance Beowulf Blockchain and its ecosystem, according to Dr. William H. Nguyen, the founder of Beowulf Blockchain. “With the new fee structure implemented and NFT supported,” he said, “we not only support the nascent phase of NFT technology and marketplace but also expect to generate billions of transactions on the Beowulf Blockchain in the years to come, partially via Crystabaya NFT-marketplace and Boyoty program.” 

About Beowulf Blockchain

Beowulf is a B2B decentralized cloud network for data and communication services. Beowulf is known for its publicly-run decentralized blockchain. Beowulf furnishes a suite of services built on blockchain that supports the delivery of multiple solutions to help businesses reach a wider audience with no upfront investment needed and at the lowest possible cost using transparent pay-per-use rates. Beowulf is every business’s partner in fostering change to empower every aspect of life. 

To learn more information, please visit https://beowulfchain.com. 

About Crystabaya

Crystabaya is a joint venture between Beowulf Blockchain and Crystal Bay Group to offer a Marketplace of NFT-based hotel nights and travel-related products. On this exchange platform, travelers can find and book a room at the cheapest possible rate while maintaining their peace of mind that their money is secure even when their travel plan changes due to their ability to trade their NFT-based booked stays. To learn more about Crystabaya, please visit https://crystabaya.io/.

For media contact:

Dr. William H. Nguyen

Email: william@beowulfchain.com