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Author Topic: Blockchain vs Platform vs Chain  (Read 169 times)
JailHouse (OP)
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January 08, 2024, 11:24:44 AM
 #21


Example is pancakeswap that uses binance smartchain and also uniswap that relies on ethereum network.

I always wondered what Pancakeswap and Uniswap were.

Are they simply websites (or platforms as we now call it) for exchanging tokens on a particular blockchain?
Is https://poocoin.app/swap the same thing?

If that is the case, why not just log into Binance and trade one token for another?
What's the difference?

JH
FatFork
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January 08, 2024, 12:14:57 PM
 #22

If that is the case, why not just log into Binance and trade one token for another?
What's the difference?

JailHouse, I appreciate your curiosity and I understand you're trying to join the conversation about crypto.  But some of your recent questions make me think you aren't really looking to learn and  they seem pretty basic - for example, with just a quick Google search, you can easily find out the key differences between centralized exchanges and DEXs in a matter of seconds.

If you really do want to understand cryptocurrency, I suggest doing your own research first.  That way, when you discuss it with others later you'll have more knowledgeable questions and comments to bring to the table.

I don't mean to assume the worst of your intentions.  But the way you've been engaging so far doesn't totally sit right with me.  I get the sense there's another reason you're posting so much.  Maybe you want to push an agenda? Or just mess with people?  Anyway, I think with some more independent learning, you'd get a lot more out of these forums.

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JailHouse (OP)
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January 08, 2024, 12:35:15 PM
 #23

If that is the case, why not just log into Binance and trade one token for another?
What's the difference?

JailHouse, I appreciate your curiosity and I understand you're trying to join the conversation about crypto.  But some of your recent questions make me think you aren't really looking to learn and  they seem pretty basic - for example, with just a quick Google search, you can easily find out the key differences between centralized exchanges and DEXs in a matter of seconds.

If you really do want to understand cryptocurrency, I suggest doing your own research first.  That way, when you discuss it with others later you'll have more knowledgeable questions and comments to bring to the table.

I don't mean to assume the worst of your intentions.  But the way you've been engaging so far doesn't totally sit right with me.  I get the sense there's another reason you're posting so much.  Maybe you want to push an agenda? Or just mess with people?  Anyway, I think with some more independent learning, you'd get a lot more out of these forums.


All the posts have been helpful so far except this one.
Why do people flame and become nasty on a forum when someone is out in need for genuine information?

Isn't a forum a place to ask questions and learn?

Why do you think I asked here despite Google being available for everyone? It's because the results don't explain in the manner you'd like it to explain.

So please don't rain on someone's good intentions and education. It says more about you as a person with a specific personality.

Try and be helpful rather than flaming on the forum.

JH
Yorubek
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January 08, 2024, 01:52:27 PM
 #24

Are there multiple Blockchains?
If so, can you name a few of the famous ones, and where I'd find a list of all of them?

After getting your question about this, I searched online and found that there are many blockchain projects. While we have heard the names of a few major blockchains. There are many other blockchain projects out there. Very common Blockchains are Bitcoin Blockchain, Ethereum Blockchain, Binance Blockchain and Tron Blockchain which are very much popular in the crypto industry. I am sharing a link from online where you will be able to get more ideas about other blockchains.

https://en.wikipedia.org/wiki/List_of_blockchains
Marvelman
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January 08, 2024, 04:25:30 PM
 #25

If that is the case, why not just log into Binance and trade one token for another?
What's the difference?

The main difference between centralized and decentralized crypto exchanges comes down to control.  Centralized platforms like Binance or Coinbase are owned and operated by a single entity and  this grants them immense influence over the exchange itself.  They can freeze accounts, block transactions, or even shut the entire exchange down if they want.  (I don't know if you are familiar with the FTX case that happened recently.)

Decentralized exchanges take a different approach.  Rather than vesting control in a single company, they distribute operations across a decentralized network of computers.  In general, there's no account freezing censorship, or kill switches.  And they operate without KYC/AML regulations.  But this also means no customer support or fraud protections.

sokani
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January 08, 2024, 05:20:11 PM
Last edit: January 08, 2024, 07:43:19 PM by sokani
 #26

I always wondered what Pancakeswap and Uniswap were.
Pancakeswap and Uniswap are both DEXs (decentralized exchanges) for swapping tokens. Pancakeswap supports Bep-20 tokens (tokens on the Binance Smart Chain) while Uniswap supports ERC-20 tokens (tokens on Ethereum network).

Is https://poocoin.app/swap the same thing?
Poocoin is a Decentralized Finance (DeFi) application that gives you a real time data of cryptocurrency and can also be used for trading various crypto assets. It was created to address some of the shortcomings of DEXs, such as price chart that's not available on the above mentioned DEXs.
JailHouse (OP)
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January 08, 2024, 09:54:15 PM
 #27

Ok, all that makes a lot more sense now.

Thanks a lot for making that clear all of you.

JH
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