Upbit Adds DoubleZero (2Z) Cryptocurrency: A New Era for Blockchain Communication

South Korea's leading digital asset exchange, Upbit, has announced the listing of DoubleZero (2Z), a cutting-edge decentralized cryptocurrency, on its platform. Starting November 2, this groundbreaking token will be available for trading across three distinct pairs: KRW, Bitcoin (BTC), and Tether (USDT).

The exchange confirmed that deposits and withdrawals for DoubleZero (2Z) would go live at 9:00 PM KST on November 2, followed by the commencement of trading just an hour later at 10:00 PM KST. Users will be able to conduct transactions seamlessly using the Solana blockchain network, ensuring fast and secure transfers.

DoubleZero: Revolutionizing Blockchain Communication with Decentralized Infrastructure

DoubleZero is an innovative Decentralized Physical Infrastructure Network (DePIN) tailored to optimize blockchain communication and data transmission. The project addresses critical challenges such as latency and bandwidth limitations inherent in public internet infrastructures by leveraging a decentralized architecture.

The core of DoubleZero's solution lies in its ability to utilize idle optical fiber facilities contributed by network participants worldwide. By integrating these untapped resources with advanced technologies like edge filtering devices and multicast structures, DoubleZero creates an efficient, high-speed communication layer. This infrastructure eliminates network bottlenecks and significantly enhances data transmission capabilities for critical blockchain components such as validators, RPC nodes, MEV systems, and layer-2 sequencers.

Upbit's announcement revealed impressive performance metrics from DoubleZero's testnet phase, where over 140 validators participated. This network activity accounted for approximately 16% of the total staking volume on Solana’s mainnet during testing. Significantly, the DoubleZero (2Z) token acts as a utility within the ecosystem, supporting key functionalities such as transaction fee payments, staking, and rewarding network contributors.

Important Trading and Deposit Guidelines for 2Z

To provide a secure and orderly trading environment during the initial launch, Upbit will implement specific restrictions. Trading activity will begin with buy orders disabled for the first five minutes after the market opens. Additionally, only limit orders will be permitted during the initial two hours, ensuring stability amidst anticipated high demand.

Upbit has also emphasized the importance of adhering to proper deposit and withdrawal protocols. Users must confirm that their transactions utilize the Solana blockchain and reference the official contract address: J6pQQ3FAcJQeWPPGppWRb4nM8jU3wLyYbRrLh7feMfvd. Compliance with crucial regulations like the travel rule is mandatory, requiring validation of transaction addresses when sending or receiving assets through other exchanges or personal wallets.

Stay Informed with Real-Time Updates

For cryptocurrency enthusiasts and investors alike, staying updated on developments is vital. Follow trusted industry news sources, such as Block Media, on Google News or join their Telegram channel for timely updates on DoubleZero (2Z) and other blockchain projects reshaping the digital asset landscape.

The inclusion of DoubleZero (2Z) marks another leap forward for blockchain technology and positions Upbit as a leader in fostering innovative solutions within the digital asset ecosystem.