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eToro Just Added 3 New Cryptos!

June 21, 2021 12:07 pm
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eToro Just Added 3 New Cryptos!

What did eToro just add to their crypto marketplace? Algorand (ALGO), Polygon (MATIC) and Basic Attention Token (BAT). 

What is Algorand? Algorand aims to improve upon current smart contract functionality, making it easier to implement technology on a wider scale. It’s a proof-of-stake (PoS) blockchain protocol that aims to reduce potential security points of failure found in standard blockchain projects. The Algorand network’s goal is to provide a scalable and secure blockchain platform that’s faster and safer to implement on a wide-scale basis within the developing decentralized finance sphere.

What is Polygon? Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. The open-source technology provides developers with the tools to readily deploy a stand-alone network or a secure sidechain that can optionally leverage the security of the Ethereum network via smart contracts. 

What is Basic Attention Token? Basic Attention Token (BAT) is a cryptocurrency that was developed to increase revenue for advertisers by removing middlemen, trackers and fraud. BAT is a new token designed to monetize exchanges among online users, publishers and advertisers. BAT has a specialized browser that lets you surf the internet and rewards you with tokens. Tokens are generated by a user’s attention to digital ads. The digital ad exchange using BAT is decentralized and transparent.

Interested in investing in one of the new cryptos on eToro’s platform? Visit eToro now

 

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