What is chain? Chain (XCN) is a Web3 infrastructure provider that prioritizes scalability and accessibility. cryptocoin.com In this article, we have answered the questions that are the subject of curiosity among investors such as what is Chain, what it offers, what is XCN coin, what it does, how to buy it. Now let’s examine this project together, which allows developers and institutions to create their own Web3 products.
What is chain?
Chain allows developers to efficiently create financial services with less hassle. For this, it provides its customers with Blockchain-based Web3 infrastructure. The team designed two products to achieve this. These consist of an open-source Blockchain called Chain Core and an order book called Sequence. The team hopes that these two products will create a platform that supports multiple assets and networks. The project also encourages independent operators to develop its platform.
Thus, it ensures that all products have a common format. To do this, it uses Ethereum’s smart contract technology and software development kits. Chain was founded in 2014 by Adam Ludwin, who previously worked at RRE Ventures, a fintech venture capital firm. However, Ludwin did not stay long in this post. Currently, Deepak Thapilyal serves as the CEO and chairman of the board of Chain. Born in the United States, Thapilyal worked on trading systems before joining Chain.
What does Chain offer?
The Blockchain network called Chain Core forms the basis of the protocol. This allows developers and institutions to launch their own private networks on the network. In addition, users can create their own tokens through this Blockchain. Chain’s technology does this as a cloud-based infrastructure provider. Those who develop their own applications and networks with the ecosystem get rid of the trouble of creating infrastructure. Sequence, on the other hand, allows users to easily manage balances in apps such as wallet apps, marketplaces and lending platforms.
What is XCN coin? What does it do?
XCN works as the governance and service token of the Chain protocol. That is, it powers the infrastructure of the protocol. XCN owners can participate in the management of the platform. Thus, they can vote on improvements and decisions that affect the community. However, XCN coin also has a lot of utility for it. Platform users are required to pay fees in the form of XCN when creating networks or assets. Additionally, long-term owners get discounts and premium features on the protocol.
What is chain? How to buy XCN coin?
Currently Chain; It is traded on crypto currency exchanges such as MEXC, Bybit, Bitrue and Bitget. Investors who want to buy XCN coins need to access and become a member of one of these exchanges. After that, they can place a buy order for the cryptocurrency by depositing an asset in their wallet that matches the pairs XCN is listed in.
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