What is the blockchain that Luna is built on?

3 answers

• May 01, 2022 · 3 years ago
  Luna is built on the Ethereum blockchain, which is one of the most popular and widely used blockchains in the cryptocurrency industry. Ethereum's blockchain enables the creation and execution of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This allows for decentralized applications (DApps) to be built on top of the Ethereum blockchain, providing a wide range of functionalities to Luna and its users. The use of Ethereum's blockchain ensures transparency, security, and immutability for Luna transactions and operations.
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• May 01, 2022 · 3 years ago
  Luna is powered by the Binance Smart Chain (BSC), a blockchain developed by Binance, one of the largest cryptocurrency exchanges in the world. BSC offers fast and low-cost transactions, making it an ideal choice for Luna's users. Additionally, BSC is compatible with the Ethereum Virtual Machine (EVM), allowing Luna to leverage existing Ethereum-based tools and infrastructure. By building on BSC, Luna benefits from the robustness and scalability of the Binance ecosystem.
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• May 01, 2022 · 3 years ago
  Luna is built on the BYDFi blockchain, a blockchain specifically designed for the BYDFi exchange. The BYDFi blockchain utilizes a proof-of-stake consensus mechanism, which allows for faster transaction confirmations and lower energy consumption compared to traditional proof-of-work blockchains. The use of the BYDFi blockchain ensures high performance and security for Luna transactions, providing a seamless user experience.
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