Dymension Launches High-Speed Blockchain Network

You can also read this news on BH NEWS: Dymension Launches High-Speed Blockchain Network

Dymension, a pioneer in Web3 technology, has introduced a high-speed, modular blockchain network named RollApp. These RollApps are designed to facilitate the simple creation of blockchain applications by leveraging Elastic Block Production (EBP) to optimize scalability, security, and decentralization. Acting as a hub, the Dymension network ensures interoperability within a multi-chain ecosystem. The DYM token is integral for network security, governance, and cross-chain transactions. Dymension aims to significantly impact the future of blockchain technology with its innovative approach.

What is Dymension (DYM)?

Dymension has innovated within the Web3 space by developing RollApp, a high-speed, modular blockchain network aimed at simplifying blockchain application development. RollApps are inspired by the concept of “rollups,” which aggregate multiple transactions into a single one to enhance blockchain scalability.

The network offers a RollApp Development Kit (RDK), similar to the Cosmos SDK, allowing rapid and effective creation of RollApps. The Dymension network serves as a central hub, connecting various RollApps and providing scalability, interoperability, and efficiency in the multi-chain Web3 environment.

RollApps address blockchain scaling challenges by utilizing Elastic Block Production (EBP), producing blocks only when transactions occur, thus minimizing network load and resource usage. The Dymension network’s validators secure RollApps, which employ optimistic rollups for enhanced security.

How to Buy Dymension (DYM) with TRY?

For investors in Turkey, Binance TR is the most suitable platform to purchase Dymension (DYM). Binance TR enables the quick buying and selling of over 100 cryptocurrencies, including DYM, and supports transactions in Turkish Lira (TRY). Follow these steps to buy DYM with TRY on Binance TR.

Steps to Follow

Here is a brief guide to getting started:

• Open an account on Binance TR by visiting trbinance.com and completing the sign-up process, including email/sms verification and identity verification (KYC).
• Deposit Turkish Lira (TRY) into your Binance TR account using bank transfer, EFT, or FAST from various supported banks.
• Once funds are deposited, use the “Buy-Sell” option on Binance TR to purchase DYM coins with your TRY balance.

What is Binance TR?

Launched in 2020, Binance TR is the localized version of the world’s largest cryptocurrency exchange, Binance, specifically tailored for the Turkish market. Based in Istanbul, Binance TR enables users to trade both fiat-to-cryptocurrency and cryptocurrency-to-cryptocurrency pairs, leveraging Binance’s technology, security, and liquidity. The platform allows seamless deposits and withdrawals in Turkish Lira (TRY) and offers access to a robust trading engine, advanced security protocols, and comprehensive risk controls.

Overall, Dymension’s RollApp network and its integration with Binance TR present a dynamic and secure environment for blockchain development and cryptocurrency trading, particularly benefiting the Turkish market.

The post first appeared on BH NEWS: Dymension Launches High-Speed Blockchain Network