Cryptocurrency Q&A
What blockchain does SushiSwap use?
What blockchain does SushiSwap use?
Sara
Wed Sep 11 2024
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6 answers
1221
Excuse me, I'm curious to know which blockchain does SushiSwap utilize for its operations? Given the diverse landscape of blockchains and their unique features, I'm eager to understand the specific technology stack behind this popular decentralized exchange. Can you elaborate on the blockchain platform that SushiSwap relies on and perhaps share some insights into why this choice was made?
6 answers
HanjiArtistryCraftsmanship
Fri Sep 13 2024
SushiSwap is a pioneering decentralized cryptocurrency trading platform that operates seamlessly on the Ethereum blockchain. It is a testament to the ever-evolving landscape of decentralized finance, offering users a unique and innovative trading experience.
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DigitalDynasty
Fri Sep 13 2024
As a decentralized exchange (DEX), SushiSwap functions without the need for intermediaries or centralized authorities. This characteristic ensures that transactions are more secure, transparent, and efficient, as they are executed directly between users.
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Federico
Fri Sep 13 2024
The platform employs an automated market maker (AMM) system, which is a revolutionary approach to liquidity provision and pricing. Unlike traditional order books, AMMs use a mathematical formula to determine the price of assets and facilitate trades.
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CryptoNinja
Thu Sep 12 2024
This system not only ensures that users can trade assets seamlessly but also encourages liquidity providers to contribute to the platform's liquidity pools. In return, these liquidity providers earn trading fees generated from the platform.
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Rosalia
Thu Sep 12 2024
SushiSwap's decentralized nature also allows for cross-chain compatibility, enabling users to trade a wide range of cryptocurrencies and digital assets from various blockchains. This feature further enhances the platform's appeal and usability among the crypto community.
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