A Look at BYDFi and Two Coins Americans Can Still Buy
US and Canadian citizens often face difficulties when trying to buy crypto assets, as many exchanges are not available or on-ramping becomes challenging. However, BYDFi is a regulated exchange that allows trading for residents of these countries. In this article, we will explore BYDFi and highlight two small and mid-cap coins that Americans can still purchase.
Kaspa (KAS)
- Kaspa is a mid-cap choice with its KAS coin, which operates on a Proof-of-Work blockchain.
- The GHOSTDAG protocol, developed by Yonatan Somplinsky, is used for consensus on the Kaspa network.
- Kaspa positions itself as the best of Bitcoin and Ethereum, offering features like deflationary supply, scalability, and decentralization.
- The platform supports smart contracts and has two layers: a base consensus layer similar to Bitcoin and a secondary computation layer comparable to Ethereum’s layer 2.
- Kaspa launched in November 2021 with a fair launch, avoiding any presale or pre-mine.
Router Protocol (ROUTE)
- Router Protocol, with its ROUTE token, is a small-cap choice available exclusively on BYDFi for American and Canadian citizens.
- Router aims to bridge layer 1 and layer 2 networks, using the Cosmos SDK and a CrossTalk library similar to IBC on Cosmos.
- Unlike other bridges, Router connects multiple chains instead of just two, allowing new chains to join the network without creating new 1-on-1 bridges.
- Router Protocol has use cases for stablecoin transfers, governance synchronization, swap aggregation, NFT minting, and multi-chain wallet tracking.
- Currently, Router connects nine chains, including Ethereum, Base, Polygon, BSC, and Arbitrum.
Hot Take
BYDFi provides a regulated exchange option for US and Canadian citizens to trade crypto assets. Kaspa offers an innovative approach as a hybrid of Bitcoin and Ethereum, while Router Protocol focuses on cross-chain connectivity. These coins present interesting investment opportunities for crypto enthusiasts in North America.
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