Expanse is a decentralized cryptocurrency and blockchain platform that was launched in 2015. It was created to provide a blockchain platform for developers to build decentralized applications (DApps). Expanse utilizes a Proof-of-Work (PoW) consensus algorithm, specifically Ethash, which is the same algorithm used by Ethereum. This makes Expanse compatible with Ethereum-based smart contracts and DApps.
Expanse aims to create a platform that encourages innovation and promotes the development of decentralized solutions. It provides developers with the tools and resources needed to create and deploy DApps, tokenize assets, and execute smart contracts. Its decentralized nature ensures that all transactions are secure, transparent, and censorship-resistant.
The native cryptocurrency of the Expanse platform is EXP. It is used for various transactions within the platform, including payment for gas fees, to reward validators, and to participate in the platform's governance through decentralized autonomous organizations (DAOs). Expanding on the governance aspect, Expanse offers a decentralized autonomous organization called Expanse DAO, which allows the community to participate in decision-making processes.
Overall, Expanse serves as a platform for developers and blockchain enthusiasts to build decentralized applications while utilizing smart contracts and a reliable blockchain infrastructure.
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