Cryptocurrency Q&A
What network is shx on?
What network is shx on?
KimonoElegance
Sun Aug 11 2024
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6 answers
1005
I'm curious, can you clarify which blockchain network or platform does the cryptocurrency token or asset labeled "SHX" operate on? Is it a native token of a particular blockchain ecosystem, or is it built on a smart contract platform like Ethereum? I'm trying to understand the technological underpinnings and infrastructure that supports the transactions and operations of SHX. Can you provide more details about the network and how it fits into the broader cryptocurrency landscape?
6 answers
DondaejiDelightfulCharm
Tue Aug 13 2024
The Stellar Consensus Protocol (SCP) forms the backbone of Stellar's operations. This consensus mechanism ensures the network's security and integrity while maintaining low energy consumption.
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IncheonBeautyBloom
Tue Aug 13 2024
SHX, a cryptocurrency project, has been developed on the Stellar network. Stellar is renowned for its energy efficiency, making it a suitable platform for environmentally conscious blockchain projects.
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Valentina
Mon Aug 12 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at the current market price. The exchange's futures trading platform, on the other hand, enables users to speculate on the future price movements of cryptocurrencies.
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SoulStorm
Mon Aug 12 2024
SCP achieves consensus through a unique process called Proof-of-Agreement (PoA). PoA differs from Proof-of-Work (PoW) used by Bitcoin and other blockchains, as it does not require computationally intensive mining to validate transactions.
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Eleonora
Mon Aug 12 2024
By leveraging SCP and PoA, SHX benefits from the Stellar network's scalability, speed, and low transaction fees. This makes SHX an attractive option for users looking for a fast and cost-effective way to transact in cryptocurrency.
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