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Which chain is Catizen (CATI) currency on?
As an ERC-20 token built on Ethereum, Catizen (CATI) also operates on other blockchain networks such as Binance Smart Chain, Polygon, and Huobi Eco Chain.
Dec 15, 2024 at 01:36 am
Which Chain is Catizen (CATI) Currency On?
Introduction
Catizen (CATI) is the native token of the Cati platform, a blockchain-based ecosystem for content creators and their supporters. CATI is used for a variety of purposes within the ecosystem, including rewarding creators for their contributions, paying for content and services, and participating in governance.
Blockchain of Catizen (CATI) Currency
CATI is an ERC-20 token, meaning it is built on the Ethereum blockchain. Ethereum is a decentralized blockchain platform that allows for the creation of smart contracts, which are programs that automatically execute when certain conditions are met.
Other Chains That Catizen (CATI) Currency is On
In addition to the Ethereum blockchain, CATI is also available on the following blockchains:
- Binance Smart Chain (BSC): BSC is a high-performance blockchain that is compatible with Ethereum Virtual Machine (EVM). This means that CATI can be used on BSC dApps and smart contracts.
- Polygon: Polygon is a layer-2 scaling solution for Ethereum that offers faster and cheaper transactions. CATI can be used on Polygon to take advantage of these benefits.
- Huobi Eco Chain (HECO): HECO is a high-performance blockchain that is compatible with Ethereum Virtual Machine (EVM). This means that CATI can be used on HECO dApps and smart contracts.
Benefits of Using Catizen (CATI) Currency on Different Blockchains
Using CATI on different blockchains provides a number of benefits, including:
- Increased Accessibility: By being available on multiple blockchains, CATI becomes more accessible to a wider range of users.
- Faster Transactions: BSC and Polygon offer faster transaction times than Ethereum, which can be beneficial for applications that require real-time transactions.
- Lower Fees: BSC and Polygon also offer lower transaction fees than Ethereum, which can save users money on gas costs.
- Increased Security: The Ethereum blockchain is known for its high level of security, which is also inherited by CATI.
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