A ‘Thousand Validator’s’ to be Launched as Part of Polkadot and Chainlink Alliance
By Harry B – Cryptocurrency Broker
While analytics show that buying and selling Bitcoin is increasing in popularity, so is the number of people deciding to buy altcoins. Two platforms arguably considered the most successful altcoin projects are Polkadot (DOT) and Chainlink (LINK).
With this in mind, it is exciting for many to hear that Polkadot is planning a new Decentralised Finance (DeFi) alliance in their aim to implement more network nodes. As the latest competitor of Ethereum (ETH) to release such a partnership, the project seeks to deliver a platform focused on community integration and a forum to discuss its fundamental Substrate technology stack for DeFi.
Among the alliances’ underlying members is the oracle blockchain Chainlink (LINK). Their head of Business Development, Dan Kochis, announced that they are excited to navigate ‘the direction of Polkadot’s growing ecosystem.’
Other members of the alliance include numerous technology providers, such as Plasm Network, Tidal Finance and Polkaswap. As part of this program, Polkadot have stated that they will be releasing a ‘thousand validators’ this month, providing support and incentives to network participants to run a Polkadot node.
The project parallels the program launched on its sister network Kusama in February. While the parachain’s node count was close to 180 in February, the blockchain now supports over 700, with an additional 393 awaiting. Currently, two-thirds of the Polkadot network’s supply is being staked. As the ecosystem comprises of just 249 validator nodes, this for many, is indicative of a large portion choosing to use additional service platforms.
BC Bitcoin list over 115 cryptocurrencies. You can Buy and Sell Bitcoin, as well as Ethereum, Polkadot and Chainlink on our platform, or just get in touch with your Bitcoin broker UK.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards