What is Proxy Coin (Chinese translation for “what does proxy mean”)?
What is Proxy Coin? Proxy Coin is developed by dYdX. dYdX is a platform and prot
What is Proxy Coin? Proxy Coin is developed by dYdX. dYdX is a platform and protocol for decentralized applications (DApps), providing support for building blockchain-based applications through smart contracts. The native token of this platform is PROXY.
According to Richard Ma, the founder of dYdX, PRYourself (Proxide) is a token used to transfer ownership rights to other blockchain networks such as Ethereum, BSC, or Polkadot. It can serve as a universal ERC20 standard for managing asset ownership. (CryptoBriefing)
Chinese translation for “what does proxy mean”
Proxy is a parallel chain built on Ethereum, allowing anyone to connect to other blockchain networks through its smart contracts.
According to data from the translation website Decrypt, the current Ethereum network can process approximately 6 transactions per second (TPS). However, due to the limited number of nodes in the network, fast scalability cannot be achieved. Additionally, the high network fees, slow speed, and latency issues have led most users to abandon their wallets and migrate or perform other transfer operations.
PRoxy is the first interoperable heterogeneous multi-chain in the Polkadot ecosystem. (Note: This article is for reference only)
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