Which network does Kucoin use for its operations?
GbengharJul 01, 2022 · 3 years ago3 answers
Can you tell me which network Kucoin uses for its operations? I'm curious to know the underlying technology that powers this popular cryptocurrency exchange.
3 answers
- HomieAug 06, 2025 · 4 months agoKucoin 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.
- Hjelm LethJul 04, 2021 · 4 years agoKucoin 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.
- PauDaviMar 10, 2022 · 4 years agoKucoin 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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