#CryptoWednesday #4 - Bitpanda decodes cryptography and zero-knowledge proof

 It’s another #CryptoWednesday, and the Bitpanda crypto train is rolling full steam ahead to the next stop on our coin launch journey - all aboard! We recently added some popular coins from the metaverse and NFT space and this week is just as exciting with the introduction of the latest cryptography and zero-knowledge tokens. Let’s learn more about these exciting new additions to the Bitpanda platform. 

About Dusk Network (DUSK)

Dusk Network is a blockchain for confidential and programmable securities. Using the Segregated Byzantine Agreement consensus mechanism, this layer 1 blockchain is looking to provide financial markets with the tools to become a privacy blockchain for financial applications. The core goal of the network is its ability to deliver a scalable public infrastructure, the direct settlement finality of transactions and to ensure strict data privacy. DUSK is the network’s native utility token that can be used for staking, transactions and atomic swaps, the deployment of smart contracts and for taking part in network consensus. Buy DUSK on Bitpanda. 

About dYdX (DYDX)

DYdX is a layer-2 decentralised crypto exchange powered by the Ethereum blockchain. The governance token of dYdX’s layer 2 is DYDX. DYDX holders can participate in the exchange’s governance by proposing alterations to dYdX’s layer 2. Moreover, holders can stake DYDX and obtain discounted trading fees. DYDX is now available on Bitpanda. Find out more about dYdX on their official page. 

About Immutable X (IMX)

Immutable X is a layer-2 scaling solution with a focus on NFTs running on Ethereum. Immutable X wishes to solve some of the issues of the Ethereum blockchain, from low scalability and illiquidity to issues that users and developers might experience. Immutable X wants to provide users with a highly scalable, safe environment for minting and trading NFTs, with instant trading and no gas fees. IMX is the protocol’s utility token and is used for governance, staking and payment of transaction fees. Don’t miss IMX on Bitpanda and find out more about the token on their official page. 

About Mina (MINA)

Formerly known as Coda Protocol, Mina is a minimal, succinct blockchain with a size of only 22KB. Interestingly, the blockchain is designed to never change in size, no matter the usage growth, to reduce computational requirements in an effort to run DApps more efficiently. To keep its size small and to minimise the weight of the transactions on the blockchain, Mina employs zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) proofs of the transactions processed on the blockchain. 

SNARK producers create zk-SNARK proof from the blocks made by block producers, which are added in the blockchain’s marketplace - Snarketplace. Before adding new work to this marketplace, block producers must purchase completed SNARK work. This system allows Mina to keep a small and fixed size. The native token and currency of the Mina blockchain is MINA, which is needed for both block production and purchasing SNARK proofs, and is now available on Bitpanda. Find out more about MINA on their official page.

Will Bitpanda introduce more new assets?  

Yes - we’re going to keep listing new cryptocurrencies every week going forward. New tokens will be announced on the Bitpanda blog and our social media channels, so watch this space every #CryptoWednesday!

Get your (cash)back 

Up your crypto game and get cashback when you invest in any of this week’s 4 new crypto listings on Bitpanda. Simply invest in MINA, IMX, DYDX or DUSK between Wednesday, April 6, 2022, 12:00 (CET) and Tuesday, April 12, 2022, 23:59 (CET) and receive 5% cashback in BEST. The cashback is capped at €100 and will be credited to your Bitpanda wallet automatically. 

Where can I learn more about investing? 

Check out the price developments of your favourite cryptocurrencies, stocks*, ETFs* and precious metals on our app for iOS and Android or on our web app. Check out Bitpanda Academy and don’t forget to subscribe to the official Bitpanda YouTube channel for our weekly recaps and video content. 

Do you want to get a Bitpanda account?

Opening your Bitpanda account is fast, simple and secure via Bitpanda’s web app or on our app for iOS and Android. Go ahead and verify your account, make your first deposit using your favourite payment method - including SEPA Instant - and start investing right away. 

Disclaimer

This article does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets.

This article is for general purposes of information only and no representation or warranty, either expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this article or opinions contained herein. *Bitpanda Stocks are contracts replicating an underlying stock or ETF. More information and the PRIIPs key information document (KID) are available at bitpanda.com.