YGGDRASH to Launch Cryptocurrency Exchange

YGGDRASH, a South Korean technology company that - in true sci-fi style - calls itself a “trust-based multi-dimensional Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term platform,” announced that on Friday that it has launched a cryptocurrency exchange and incubation center.

The company is going to launch its new incubation center at an event called ‘YEED-UP’ on the 23rd of November. YEED-UP will be held at the Shin-nonhyeon Culturelab Lounge in Seoul, South Korea’s capital.

More than 100 blockchain technology companies will be attending YEED-UP according to a statement released by YGGDRASH on Friday. The company says that it “will prepare various channels of communication” for the event.

YGGDRASH to Lead Event

YGGDRASH CEO David Seo will kick off the event. According to a statement released by the company, Seo will be discussing the incubator and the new cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, which the firm is calling DEXRADE.

It is unclear exactly what DEXRADE will do, but the YGGDRASH’s statement indicates that it will be a revenue sharing exchange. The firm says that users of the exchange will benefit from any company that joins it.

The company’s incubation center looks to be designed to attract firms that will one-day list on the DEXRADE exchange. Whether YGGDRASH has any preference or interest in certain strata of blockchain technology companies is unclear.