bitFlyer, Japan’s largest headquartered cryptocurrency exchange also licensed to operate in the US, EU, today announced the listing of 4 new crypto-assets for trading on bitFlyer USA.
Starting today, Polkadot (DOT), Tezos (XTZ), Basic Attention Token (BAT), and Stellar (XLM) will be available for exchange. Further, bitFlyer USA customers will be able to deposit these new tokens to their accounts, transfer them to external wallets, and set up recurring purchases.
Polkadot (DOT)
Polkadot allows for the interconnection of multiple different blockchains. It was founded by the Web3 Foundation, which aims to develop a decentralized web.
In addition to the central Relay Chain, Polkadot uses multiple parallel blockchains, called parachains, to provide interoperability that allows for the exchange of various types of data and value.
Operating blockchains in parallel solves the scalability problem while also increasing safety by pooling the security functions of the parachains into the Relay Chain.
Tezos (XTZ)
Tezos is a decentralized, public blockchain and smart contract platform.
Stakeholders of the Tezos network vote on amendments to the protocol to reach social consensus on proposals, creating a secure and organic upgrading mechanism.
The protocol’s on-chain governance system, consensus algorithm based on Proof-of-Stake (PoS), and ability to facilitate formal verification of smart contracts, make Tezos an ideal solution for financial apps.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is a new type of crypto asset that was developed to change the relationship between publishers, advertisers, and users. Basic Attention Token is an ERC-20 token on the Ethereum blockchain which was developed to be used in the Brave browser.
Brave is a privacy-focused web browser that delivers high-speed browsing by blocking unnecessary advertisements and trackers. It has a system for anonymously measuring user interest and paying publishers the appropriate rewards. Users who see ads in Brave can gain BAT point rewards, which they can send to the creators and websites they like.
Stellar (XLM)
Stellar Lumen (XLM) is a crypto and distributed ledger created by the Stellar Development Foundation.
While development was originally based on Ripple, it has moved ahead with an original consensus algorithm called the Stellar Consensus Protocol (SCP). This consensus algorithm allows a large number of transactions to be quickly processed at a low cost without the need for mining.
Note: These new assets are currently not available for New York state residents.