bitFlyer starts handling Avalanche (AVAX), The Graph (GRT), and Render Token (RNDR) | CoinDesk JAPAN

bitFlyer started handling Avalanche (AVAX), The Graph (GRT), and Render Token (RNDR) at its sales offices from February 26th.

According to the release, the characteristics of each are as follows.

■Avalanche (AVAX): Uses a unique consensus algorithm that uses a proof-of-stake (PoS) mechanism, and has high scalability and interoperability.
It is also compatible with Ethereum, making it a platform that is highly compatible with DApps.
The crypto asset is a native token on the Avalanche network and can be used for staking, payment of fees within the ecosystem, governance voting, etc.

■The Graph (GRT): A distributed data retrieval protocol. The purpose is to make it easy and efficient to develop decentralized applications (DApps) and smart contracts.
In addition, the crypto assets can be used as fees when developers acquire data on the chain, holders can earn rewards by staking the crypto assets, and can be used for governance votes for operations. can also be used.

■Render Token (RNDR): A crypto asset used in a distributed cloud rendering service called Render Network. Render Network is a platform that allows users to monetize GPU computing power needed for graphics and video production by sharing it among users.
The crypto assets can be used for payments when using services and for governance votes regarding project management policies.

Reference: bitFlyer reputation/reviews

｜Text: CoinDesk JAPAN Editorial Department
｜Image: From the release