Which blockchain is Tether ERC20 based on?

3 answers

• Jan 15, 2022 · 3 years ago
  Tether ERC20 is based on the Ethereum blockchain, which is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). By leveraging the Ethereum blockchain, Tether ERC20 benefits from its security, transparency, and immutability. This ensures that Tether transactions are recorded on a public ledger and can be audited by anyone. The use of ERC20 standard allows Tether to be easily integrated into various Ethereum-based wallets and exchanges, making it widely accessible to users.
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• Jan 15, 2022 · 3 years ago
  Tether ERC20 is built on top of the Ethereum blockchain. This means that Tether transactions are processed and verified by the Ethereum network, which is a decentralized network of computers known as nodes. The Ethereum blockchain provides a secure and transparent environment for Tether transactions, ensuring that they cannot be tampered with or reversed. Additionally, the use of ERC20 standard allows Tether ERC20 tokens to be easily traded on decentralized exchanges and stored in compatible wallets.
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• Jan 15, 2022 · 3 years ago
  Tether ERC20 is based on the Ethereum blockchain, which is a popular choice for many projects in the cryptocurrency space. The Ethereum blockchain offers a high level of security and decentralization, making it a suitable platform for Tether to operate on. By using the ERC20 standard, Tether ERC20 tokens can be easily managed and traded on various exchanges and wallets. It's important to note that Tether ERC20 is not limited to the Ethereum blockchain and can also be issued on other blockchains in the future.
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