Cryptocurrency Q&A
What blockchain is rune on?
What blockchain is rune on?
KpopStarlight
Thu Sep 26 2024
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5 answers
1100
Could you please elaborate on the blockchain technology that RUNE, the native token of the THORChain decentralized exchange protocol, operates on? I understand that RUNE is designed to facilitate cross-chain swaps and liquidity pools, but I'm curious about the specific blockchain architecture that underpins its functionality. Is it built on a popular blockchain platform like Ethereum, or is it a unique, proprietary blockchain tailored specifically for Thorchain's needs? Additionally, what are some of the key features and benefits of the blockchain that RUNE utilizes?
5 answers
HallyuHype
Sat Sep 28 2024
For instance, users with significant holdings may opt for hardware wallets, renowned for their heightened security features, while those engaging in frequent transactions might prefer software wallets for ease of access.
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Chiara
Sat Sep 28 2024
Among the reputable cryptocurrency exchanges, BTCC stands out as a top player, offering a comprehensive suite of services that caters to the diverse needs of crypto enthusiasts. These services encompass spot trading, futures trading, and a secure wallet solution, among others.
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Michele
Sat Sep 28 2024
RUNE, a popular cryptocurrency, boasts cross-chain compatibility, seamlessly integrating with multiple blockchain platforms such as Binance Chain and Ethereum.
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CryptoAce
Sat Sep 28 2024
This versatility allows users to store RUNE in a variety of wallets that are compatible with BEP-2 or ERC-20 tokens, offering flexibility and convenience.
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Arianna
Sat Sep 28 2024
The selection of a suitable wallet primarily hinges on two key factors: the amount of RUNE one intends to store and the purpose for which it is being held.
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