Is the chain ID of Fantom different from other cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  The chain ID of Fantom is indeed different from other cryptocurrencies. Chain ID is a unique identifier assigned to a blockchain network to differentiate it from other networks. Fantom's chain ID is specifically designed for the Fantom network and is not shared with other cryptocurrencies. The chain ID plays a crucial role in ensuring the security and integrity of the network. It helps prevent replay attacks and ensures that transactions are valid within the Fantom network.
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• Dec 27, 2021 · 3 years ago
  Yes, the chain ID of Fantom is different from other cryptocurrencies. Each blockchain network has its own chain ID, which serves as a way to identify and distinguish one network from another. The chain ID is used to prevent cross-chain transactions and maintain the security of the network. In the case of Fantom, its unique chain ID ensures that transactions are only valid within the Fantom network and cannot be replayed or manipulated on other networks.
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• Dec 27, 2021 · 3 years ago
  Indeed, the chain ID of Fantom differs from other cryptocurrencies. As an expert from BYDFi, I can confirm that Fantom has its own unique chain ID. This chain ID is specific to the Fantom network and is not shared with any other cryptocurrencies. The chain ID is an essential component of the Fantom network's security and functionality, ensuring that transactions are secure and valid within the Fantom ecosystem.
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