Bitfinex Launches Excessive-Velocity, Low-Price Scaling Answer Concord (ONE)
ROAD TOWN, British Virgin Islands – November 30 2022 – Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token buying and selling platform, introduced at the moment that it will likely be itemizing Concord (ONE), the native token of a sharded, EVM suitable layer-1 blockchain that goals to scale Web3 purposes whereas addressing Ethereum’s excessive fuel charges and scalability issues.
Concord is an open and quick blockchain that goals to run Ethereum purposes with 2-second transaction finality and 100 occasions decrease charges. ONE is utilized for all transactions on the Concord chain, together with mining rewards, fuel charges, transaction charges and voting. The platform is designed for the creation and use of decentralized purposes (dApps).
As a platform that goals to make it simpler for builders to design DApps, Concord was created to collaborate with and complement the Ethereum community. The protocol provides each scaling and sharding options, and its bridges are designed with the purpose of connecting any proof-of-work and proof-of-stake chain. The interoperability of the platform is essential to its plans for fulfillment in serving to it to supply what it says will likely be a real Web3 expertise.
ONE deposits and buying and selling will open on 01/12/22, with buying and selling pairs US {Dollars} (USD) and Tether tokens (USDT) obtainable for buying and selling on 06/12/22.
“We’re delighted to welcome Concord to our rising digital token ecosystem,” mentioned Paolo Ardoino, CTO at Bitfinex. “Concord’s crew are alive to the blockchain’s potentialities, and its layer 2 scaling and interoperable resolution seeks to handle key ache factors on the Ethereum community.”
About Bitfinex
Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art providers for digital forex merchants and international liquidity suppliers. Along with a collection of superior buying and selling options and charting instruments, Bitfinex offers entry to peer-to-peer financing, an OTC market, and financed buying and selling for a big selection of digital tokens. Bitfinex’s technique focuses on offering unparalleled help, instruments, and innovation for skilled merchants and liquidity suppliers world wide. Go to www.bitfinex.com to study extra.
