30 Nov Bitfinex Launches Excessive-Velocity, Low-Price Scaling Resolution 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 right now 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 gasoline charges and scalability issues.
Concord is an open and quick blockchain that goals to run Ethereum purposes with 2-second transaction finality and 100 instances decrease charges. ONE is utilized for all transactions on the Concord chain, together with mining rewards, gasoline 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 affords each scaling and sharding options, and its bridges are designed with the intention of connecting any proof-of-work and proof-of-stake chain. The interoperability of the platform is vital to its plans for fulfillment in serving to it to offer what it says will likely be a real Web3 expertise.
ONE deposits will open on 02/12/22, with buying and selling pairs US {Dollars} (USD) and Tether tokens (USDT) out there for buying and selling on 01/02/23.
“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 prospects, and its layer 2 scaling and interoperable answer seeks to deal with 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 companies for digital foreign money merchants and international liquidity suppliers. Along with a set 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 wide array of digital tokens. Bitfinex’s technique focuses on offering unparalleled assist, instruments, and innovation for skilled merchants and liquidity suppliers world wide. Go to www.bitfinex.com to study extra.