Cryptocurrency Q&A
Do all cryptocurrencies have their own blockchain?
Do all cryptocurrencies have their own blockchain?
IncheonBeauty
Sun Jul 14 2024
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5 answers
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As a keen observer of the cryptocurrency market, I'm curious to know: do all cryptocurrencies operate on their own dedicated blockchain? I understand that blockchain technology is integral to the functioning of many cryptocurrencies, providing a secure and transparent ledger of transactions. However, given the wide range of cryptocurrencies available, is it standard practice for each one to maintain its own blockchain, or are there instances where multiple cryptos share the same blockchain? Clarifying this aspect would greatly enhance my understanding of the underlying infrastructure of the cryptocurrency ecosystem.
5 answers
SakuraSmile
Tue Jul 16 2024
Notably, not all of these digital assets possess their own dedicated blockchain.
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Emanuele
Tue Jul 16 2024
In fact, some cryptocurrencies have been developed as extensions or forks of existing blockchain networks.
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Valentina
Tue Jul 16 2024
These coins leverage the proven technology and security of their parent blockchain, while introducing novel features or modifications.
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HallyuHero
Tue Jul 16 2024
Cryptocurrencies exhibit a diverse range of underlying technologies.
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benjamin_cole_nurse
Tue Jul 16 2024
Conversely, there are also cryptocurrencies that have been built from the ground up, with entirely original blockchains tailored to their specific use cases.
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