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Covinsure will provide insurance utilizing blockchain technology and bitcoin as payment, according to Zetrix. Zetrix has simplified being insured by requiring only a passport and a Zetrix wallet.

Smart contracts are made possible by the Layer 1 public blockchain network, providing privacy, security, and scalability.

According to the statement, the Convisure Covid-19 insurance costs only $1 or 1 USDT and provides coverage for up to a year.

The NFTs are produced in an ecologically sustainable manner. Compared to the Ethereum blockchain’s traditional option, the energy required to create NFTs is 100,000 times lower. As a result of the lesser energy required to mint these NFTs, the gas prices for Zetrix-based NFTs have decreased.

According to Blockchain.News, Zetrix-based NFT was originally accessible for trading on NFT marketplace Pangolin in April.

NFT Pangolin is a worldwide marketplace where regional producers, primarily in Asia, may issue and sell their one-of-a-kind crypto-secured goods to collectors.

In addition, Zetrix provides access to China and its basic infrastructure. On April 15, it debuted its primary net, which connects smoothly with the Xinghuo Blockchain International Supernode, China’s largest national-level blockchain network, run by the China Academy of Information and Communications Technology.

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