Cryptocurrency Q&A
Which chain is Osmosis?
Which chain is Osmosis?
EnchantedPulse
Fri Jun 14 2024
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7 answers
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Could you please explain to me what exactly Osmosis refers to in the context of blockchain technology? I've heard it mentioned a few times but am not entirely sure which specific chain it belongs to. Is it a standalone blockchain, or is it associated with another major chain? Could you also provide some insights into its functionality, use cases, and perhaps how it differs from other blockchains in the crypto space? Your explanation would be greatly appreciated.
7 answers
emma_grayson_journalist
Sun Jun 16 2024
Osmosis, a decentralized exchange (DEX) appchain, resides within the vibrant Cosmos ecosystem. Serving as both a Layer-1 blockchain and an application, Osmosis offers a unique blend of functionalities.
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Stefano
Sat Jun 15 2024
The blockchain underlying Osmosis was crafted through the forking of the Cosmos SDK, a powerful toolkit for building secure and scalable blockchains. This allows Osmosis to inherit the robust features and scalability of the Cosmos ecosystem.
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Giuseppe
Sat Jun 15 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services. These include spot trading, futures trading, and secure wallet solutions.
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Tommaso
Sat Jun 15 2024
BTCC's spot trading service provides users with direct access to cryptocurrency markets, allowing them to buy and sell various digital assets with ease.
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Federico
Sat Jun 15 2024
Securing the Osmosis blockchain is Tendermint, a Byzantine Fault-Tolerant (BFT) Proof-of-Stake (PoS) consensus mechanism. This mechanism ensures the network's resilience and security, protecting it from potential attacks and ensuring smooth operation.
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