Coinbase is set to list the VARA-USD trading pair and become the first exchange to support the Vara Network. The listing will come with certain geographical restrictions on the exchange.
Vara Network, a Layer 1 decentralized network, has unveiled its mainnet with support from Polkadot founder Gavin Wood and backing from Gear Protocol. This development introduces innovative concepts like the Actor Model and Persistent Memory to enhance speed and reduce latency. Furthermore, it implements parallel processing and separate memory space for smart contracts, enabling development across various sectors, including gaming and finance.
Vara Mainnet efficiently addresses long-standing issues related to limited transaction throughput and slow processing. Notably, developers can now build games directly on the blockchain, eliminating the need for traditional support servers. This transformative change promises to deliver a gaming experience characterized by seamless, on-chain gameplay, thanks to parallel processing that enables simultaneous transactions.
In the broader context of the Polkadot ecosystem, Gear is building a network of smart contract storage, opening up opportunities to deploy dApps on Polkadot and Kusama at reduced costs. Gear’s approach streamlines the smart contract creation process, making it more accessible for developers without the complexities of building an entire blockchain network from scratch.
The Gear project began its public launch in August 2021, with plans to introduce the mainnet and release the official whitepaper in February 2022, further solidifying its role in driving blockchain technology and dApp development.