Dymension Introduces Fast Modular Blockchain Network

Dymension (DYM), a trailblazer in Web3 technology, has introduced RollApp, a high-speed modular Blockchain network. RollApps are specifically crafted to simplify the development of Blockchain applications, utilizing Elastic Block Production (EBP) to enhance scalability, security, and decentralization. Acting as a central hub for these applications, the Dymension network fosters interoperability within a multi-chain ecosystem. The DYM token plays a crucial role in ensuring network security, governance, and facilitating cross-chain transactions. With this innovative approach, Dymension aims to revolutionize the landscape of Blockchain technology.
What is Dymension (DYM)?
Dymension has made significant strides in Web3 technology by launching RollApp, a high-speed modular Blockchain network. RollApps offer a seamless solution for creating Blockchain applications efficiently. Inspired by the concept of “rollups,” which consolidate multiple transactions to boost scalability in Blockchain technology, RollApps pave the way for a new era in Blockchain development.
Dymension provides developers with the RollApp Development Kit (RDK), akin to the Cosmos SDK, enabling the rapid and effective creation of RollApps. Serving as a central connector for various RollApps, the Dymension network ensures scalability, interoperability, and efficiency within the multi-chain Web3 environment.
Designed to overcome the hurdles of Blockchain scaling, RollApps leverage Elastic Block Production (EBP) to produce blocks only when transactions occur, thereby reducing network load and resource consumption. Secured by validators on the Dymension network, RollApps enhance security through optimistic rollups.
Operating on a Delegated Proof of Stake (DPoS) mechanism, Dymension guarantees network security and decentralization. The DYM token is instrumental in various network functions, including security, transaction processing, staking, and governance. The Dymension ecosystem continues to evolve, as reflected in metrics such as total value locked (TVL), total active addresses, and total IBC transfers.
Dymension’s uniqueness lies in its RollApps, which are modular and application-specific Blockchains. This structure empowers developers to create Blockchain solutions tailored to specific use cases. Moreover, the Dymension network facilitates seamless data and value transfer between different Blockchains by connecting various RollApps.
How to Buy Dymension (DYM) with TRY?
For investors in Turkey looking to purchase Dymension (DYM), Binance TR stands out as the ideal cryptocurrency exchange. With over 100 cryptocurrencies available for swift buying and selling, including DYM, Binance TR offers a seamless platform for trading. To buy Dymension (DYM) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed with the “Create Account” step. You will be prompted to enter basic information like email address, phone number, name, date of birth, nationality, and T.C. identity number in the first step.


Upon providing the required information accurately, email/sms verification will be conducted to validate the details. Subsequently, you can proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before engaging in cryptocurrency trading. This process safeguards both the user and the cryptocurrency exchange. You can opt to complete the verification process via your phone or through the official Binance TR website. Note that you will need your mobile phone to complete identity verification through the website.


On the Binance TR website, navigate to the “Profile” option at the top right and select “Identity Verification and Limits” from the drop-down menu, then click on “Verify.” You will then be required to scan the QR code displayed using your phone’s camera and proceed with the verification process on your phone. In case you are unable to scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.


Upon entering the address on your phone or scanning the QR code, a screen will open prompting you to tap on the “Identity” option to proceed.


Subsequently, you will encounter a screen where you need to select the document type that aligns with your identification.


After selecting the document type, tap on the “Upload front side” option to capture a photo of the front side of the document. Then, proceed to take a photo of the back side of the document by tapping on the “Upload back side” option. Ensure that the images are clear and the information on the document is easily legible.
Next, tap on the “Selfie” option to scan your face using your phone’s front camera. Make sure your face occupies the camera area adequately.
Upon completing all the steps accurately, your identity verification process will be finalized promptly.
How to Deposit TL on Binance TR?
You can easily deposit Turkish lira (TL) to your Binance TR account from any bank. You can deposit and trade TL 24/7 from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts. Deposits exceeding 50,000 TL from other banks are processed during EFT hours. To deposit funds into your Binance TR account, visit trbinance.com, hover over the “Wallet” option at the top left of the homepage, and select the “Deposit” option from the drop-down menu.


Upon selecting your preferred bank, you can continue with the deposit process. If your bank is not integrated with Binance TR, click on the “Other Banks” option to proceed.


For instance, if you choose Vakıfbank, you will be provided with an account name and IBAN address for making transfers. Utilize this information to transfer the desired amount to your Binance TR account via transfer, EFT, or FAST.


Following the completion of the transfer process by your bank, the funds will be automatically reflected in your Binance TR account wallet.
How to Buy DYM Coin with TL on Binance TR?
After depositing funds, you can proceed to purchase DYM coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.


Upon clicking this option, you will be directed to a page where you can search for “DYM” and select the DYM/TRY option to proceed with purchasing DYM using TL.


On the DYM purchase page, enter the desired price and quantity of DYM in the designated fields, then click the “Buy DYM” button to complete the purchase.


What is Binance TR?
Binance, the largest cryptocurrency exchange globally in terms of trading volume, introduced Binance TR in 2020 to cater to cryptocurrency investors in Turkey. Headquartered in Istanbul, the cryptocurrency exchange can be accessed at trbinance.com.
Leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure, Binance TR offers trading services from fiat to cryptocurrency and cryptocurrency to cryptocurrency. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users benefit from market-leading spot trading liquidity, a robust matching engine, advanced security measures, custody solutions, and risk controls through Binance TR, supported by Binance’s core functionalities.
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Disclaimer: The information presented in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.