Expanse is the first hard fork of ETH, a platform designed for developers to build and use DApp applications based on Blockchain technology. In this article, as Kriptokoin.com, “What is Expanse?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Expanse? What does EXP do?
EXP is a platform that executes smart contracts with a multitude of possibilities that form the basis of DAO. However, the DAO is transforming it into a decentralized, open-source platform, allowing EXP cryptocurrency holders to vote on changes to the platform, as well as allowing outsiders to propose ideas submitted for voting. The EXP platform works with a 4-person core team headed by Chief Developer and Co-Founder Christopher Franko.
What are the advantages of Expanse?
The basic unit of Expanse is a user account. EXP monitors every account on the Blockchain. Also, information as well as value is transferred between accounts on the Blockchain. There are two types of accounts on EXP, Blockchain. These:
- Externally owned accounts (EOA): Accounts controlled by private keys and then controlled by human users.
- Contract accounts: Accounts controlled by a contract code that can only be activated by an EOA.
Every contract code found in the contract account is a smart contract activated by users controlling the EOA. Users pay transaction fee on EXP network to protect Blockchain from DDoS attacks. The senders of each transaction are expected to pay a fee for each phase of the program they activate. These transaction fees are collected by miners or nodes. It is then grouped into blocks after verifying these transactions. Miners compete to have their blocks added to the Blockchain. You are rewarded with EXP for each successful block. It is similar to Bitcoin in that it requires miners to solve a memory-hard computer problem that requires memory and CPU. EXP uses an ASIC-resistant Proof-of-Work consensus algorithm. It also makes the ideal hardware a general computer rather than a specialized one.
How to buy EXP?
The largest exchanges that can be traded with EXP; Upbit is Bittrex, Poloniex, Cryptopia BiteBTC and Yobit. These steps are followed to buy coins. First of all, access the web/mobile application of the exchange that lists the EXP you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose EXP with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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