Which network does Kucoin use for its operations?

3 answers

• Dec 18, 2021 · 3 years ago
  Kucoin operates on the Ethereum network, which is a decentralized blockchain platform. This means that all transactions and operations on Kucoin are recorded on the Ethereum blockchain, ensuring transparency and security. The use of Ethereum also allows for the integration of smart contracts, which enable automated and trustless transactions on the platform.
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• Dec 18, 2021 · 3 years ago
  Kucoin uses the ERC-20 standard on the Ethereum network. This standard allows for the creation and management of tokens on the Ethereum blockchain. By using ERC-20 tokens, Kucoin is able to offer a wide range of cryptocurrencies for trading on its platform, providing users with access to a diverse selection of digital assets.
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• Dec 18, 2021 · 3 years ago
  Kucoin operates on its own proprietary blockchain network called BYDFi. This network was specifically designed to meet the needs of the Kucoin exchange, offering fast and secure transactions. The use of BYDFi allows Kucoin to have full control over its operations and ensure the smooth functioning of the platform.
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