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Blockpass Expands Crypto Addresses to FLOW, ADA, MATIC, SOL, BCS
As we continue into 2022 Blockpass’ commitment to developing and expanding has continued unabated, and the most recent updates to Blockpass over the past month sees a number of new crypto address options being supported that Blockpass’ services might be extended to multiple new ecosystems. Consisting of Flow, Cardano, Matic, Sol and BCS, the new crypto address options are just the latest addition we hope those using Blockpass’ services will enjoy, with continued updates and improvements coming throughout the year.
The new crypto addresses are now live and can be found displayed in the admin console and KYC dashboard.
A new blockchain built for the next generation of apps, games, and the digital assets that power them, Flow is a fast, decentralized, and developer-friendly blockchain. It is designed to scale without sharding, allowing for improvements in speed and throughput while maintaining an ACID-compliant environment. The FLOW token is the native currency used for the Flow network as it develops a new, inclusive, and borderless digital economy. The FLOW token has been engineered to have diverse use-cases, broad distribution and low monetary inflation.
Built on the energy-efficient Ouroboros Proof-of-Stake (PoS) consensus protocol, Cardano is a blockchain platform which was developed using the Haskell programming language and with a focus on security and stability. One of the most popular cryptocurrencies by market cap, Cardano (ADA) enables smart contracts, allowing the development of DeFi apps, new crypto tokens, games and other possibilities. The design of ADA aims to improve token security and reduce transaction fees.
Polygon (MATIC) is an Ethereum token which is integral to the Polygon Network. Polygon, built to improve the scalability and functionality of the Ethereum network utilizes sidechains for faster and cheaper transactions. By depositing ETH in a Polygon smart contract, users can use a ‘bridge’ to gain access to MATIC tokens to pay transaction fees and participate in proof-of-stake consensus before withdrawing them back into ETH.
A decentralized blockchain, Solana is designed to facilitate apps which are both scalable and user-friendly. Solana claims to be the fastest blockchain in the world and underpins thousands of projects which range from DeFi to NFTs to Web3 and others in scope. Boasting speed, scalability and low transaction costs, Solana is an attractive option for developers and users alike. The native cryptocurrency SOL is used for transaction fees and staking and has linked voting rights on the platform.
Binance Smart Chain (BSC) is an EVM-compatible blockchain from Binance which offers greater functionality for developers building solutions compared to the company’s other chains, with smart contract options implemented. The flexible Binance Smart Chain wallet is capable of holding a variety of assets and other EVM-compatible solutions, such as MetaMask, can also be utilized.
The Blockpass platform is fully automated and hosted in the cloud, with no integration or setup fee. Businesses can sign up to the KYC Connect® console in a matter of minutes, test out the service, and start conducting identity documents verification, KYC and AML checks. Sign up for FREE at console.blockpass.org.