Cryptocurrency Q&A
Is AXS on Ethereum network?
Is AXS on Ethereum network?
SejongWisdomKeeper
Sun May 26 2024
|
7 answers
1389
Could you please clarify for me if AXS operates on the Ethereum network? I've heard conflicting information about its blockchain integration and I'm curious to know if it's indeed part of the Ethereum ecosystem. Is there a specific reason why AXS might or might not be on Ethereum? And if it's not, could you explain the alternative blockchain it utilizes? Understanding this would greatly assist me in navigating the cryptocurrency world. Thank you for your time and assistance.
7 answers
CherryBlossomBloom
Tue May 28 2024
Axie Infinity, a blockchain-based game, utilizes two primary tokens: AXS and SLP. Both tokens are ERC-20 standards, indicating their compatibility with the Ethereum network.
Was this helpful?
231
45
IncheonBlues
Mon May 27 2024
Proof of Work involves miners solving complex mathematical problems to validate transactions and secure the network. This process ensures the integrity of the blockchain and prevents double-spending or fraudulent activities.
Was this helpful?
224
24
KabukiPassion
Mon May 27 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services catering to the needs of crypto enthusiasts. Its platform supports spot trading, futures trading, and wallet services.
Was this helpful?
48
49
Giuseppe
Mon May 27 2024
ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. It defines a set of rules and functions that tokens must adhere to, ensuring interoperability and security.
Was this helpful?
342
93
Chiara
Mon May 27 2024
AXS and SLP tokens are launched on the Ethereum network, leveraging its robust infrastructure and widespread adoption. Ethereum's decentralized nature provides a secure foundation for these tokens.
Was this helpful?
241
95
Load 5 more related questions
