By Max S – Cryptocurrency Enthusiast - 01-12-2021
Clover Finance (CLV) is a self-proclaimed easy-to-use blockchain infrastructure established on the Polkadot (DOT) network. Users can invest in Clover CLV to pay for Clover transactions and vote for future upgrades. In recent news regarding Clover, investors can now buy CLV on Coinbase. The large crypto exchange platform has now listed CLV, making the coin accessible to over 68 million users.
Clover Finance started as just another new player in the crypto industry, and because of its new listing on Coinbase, it has become a leading DeFi project. Reportedly, Clover Finance is ahead in the DeFi sector with interoperability. The infrastructure brings together blockchain to further expand the Clover ecosystem and consistently better the crypto industry by making it user-friendly.
Clover Finance utilizes its blockchain-based technology to make the platform challenging to hack, change, or cheat the network. As a decentralised project, Clover Finance follows strict rules to ensure that the decentralised blockchain build is protected and secure against bad actors. Since the DeFi initiative was established on the Polkadot network, Polkadot helps to provide solutions for growth and scaling through parachains. Further, Polkadot connects blockchains by building bridges to allow all networks to run in unison.
Clover runs using a Nominated Proof-of-Stake (NPoS) consensus. Alike Polkadot, Clover is built with the features to bridge blockchains, to be able to do this, Clover will need to utilise the standard system of Polkadot. Polkadot has two key members in the standard system to make up the NPoS consensus; these members are Nominators and Validators. Validators provide maintenance to the network, and Nominators are economical token holders. As the name suggests, the token holders vote on the Validators and are then given incentives for when the chosen Validators support the network by keeping it secure.