What is expanse exp?
There’s a lot of what makes Expanse different from many other cryptocurrencies. But to recognize that we need to discuss how EXP handles security. Smart contracts run as part of the Decentralized Autonomous Organization (DAOs), which is fully an open-source platform. It allows people from outside the community to bring their own ideas and be voted for implementation by the coin-holders. It ensures a higher level of transparency in the system.
In addition, Expanse has its own rewards system - Expanse Rewards. It distributes an equal amount of reward in EXP tokens among the coin-holders regardless of their investment. Expanse offers compatibility with the more secure hardware wallets – Ledger Nano.
Having the smart contract system increases security since it eliminates a few risks on both technical and human sides. A nominal fee for executing bits of smart contract data prevents hackers from attacking the Network with Denial-of-service attack (DDoS) attacks or Infinite loops.
On the human side, smart contract technology eliminates trust issues. To business, units can agree upon the conditions and prepare a contract. When certain conditions are met, the contract is triggered automatically and both parties benefit without worrying about the execution.
Expanse (EXP) is akin to Ethereum, similar but also different as presented by the co founder and chief developer Christopher Franko. It is a platform built on top of Ethereum made to create smart contracts and decentralized applications (dApps). The team led by Christopher Franko carries a strong vision since 2015 to make a better world, where human beings have a community-based transparent system backed by the blockchain technology. Expanse uses the same Proof-of-Work consensus algorithm to validate bit exchange in the Network and gives EXP tokens in return for validators.
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