FAQ: What blockchain?

Updated: 4 days ago

What blockchain krakens on? Originally Eth as a ERC-20 then Waves then back to Eth as an NFT ( another story the diff between a NFT token 1152 and regular ERC 20 (has its own blockchain on top of a blockchain) Point is doesn’t matter, one is just cheaper for you guys in transactions costs down the road when ya’all get the hang of it. Hence moving to Cardano once smart contracts and native assets arrive with Mary hardfork. Key to their chain is gas can be paid with “wicked” as opposed to Eth, to keep it simple. Nowhere is that possible at the moment and huuuge blessing to Kraken owner who is not tech savvy and do not understand gas fees.. Blockchain is just the block of info stored in a digital ledger online. Oh so you say big deal it’s online? Point is once written on the block it is immutable, it can not be changed. Billybob can’t tell Jimbo he paid a certain amount when he did not. :)




. ;)

69 views1 comment

Recent Posts

See All
  • Facebook
  • Twitter
  • LinkedIn

©2020 by Whats Kraken?. Proudly created with Wix.com