Upbit, why did new coins shrink?

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Selecting “Focus on Development Potential”

Upbit, the nation's largest cryptocurrency exchange, introduced a new coin.

Upbit recently announced that it will exit the exchange by designating significant stocks for insolvent projects that cannot be improved.

As an extension of these policies, the verification process for new transaction support coins has become more complicated.

Compared to the past, the number of new entry coins has decreased significantly, but the coins with a higher possibility of commercialization and development of services are making their names in Upbit.

Let's take a look at the main features of the new coin.

KRW Market: Hedera Hashgraph

Hedera hash graphs are public distributed ledgers for distributed applications.

Based on a hash graph consensus algorithm, the Hedera public network achieves the highest security in distributed ledger technology.

It also requires very fast transaction speeds and significantly lower Internet bandwidth.

Hedera has high throughput, low fees, and consensus confirmation in seconds.

Hedera is leading the future of public ledgers by enabling new applications, use cases, and business models beyond the current blockchain, which cannot be developed on other distributed ledger technology platforms.

Dr. Limon Baird, co-founder and researcher of Hedera Hashgraph, and co-founder and CEO, Mans Harmon, are colleagues with the US Air Force Academy.

Both have founded Trio Security, BlueWave Security, Swirlds, Inc.

In the process, he developed a breakthrough technology, a hash graph, which also received a patent.

BTC Market: BORA

BORA is a digital content platform based on blockchain.

BORA implements dual networks and tokens to overcome the limitations of availability, performance and scalability of existing Ethereum networks.

In addition, it provides fast processing speed and scalability through a private network that is not limited to expansion separately from the mainnet.

This provides BORA with a range of features to improve transparency, security, and the content distribution and service experience on digital content platforms.

Users can use BORA tokens to buy digital items or to purchase various contents.

BORA tokens can also be used for mileage and promotions on the platform.

BTC Market: DAI

DAI is a stable coin that is secured by Ethereum rather than fiat currency, and has a dollar value.

If you deposit Ethereum as collateral, you can issue new diecoins.

Managed by Ethereum smart contracts, unlike other stablecoins, the system is fully decentralized, preserving its value with a predesigned mechanism.

BTC Market: Maker (MKR)

MKR is a cryptocurrency that functions as a DAI issuance and stabilization fee in the smart contract platform that manages DAI.

MKR holders can participate in platform voting to make DAI policy decisions.