How do you know this coin is on the public chain? Will the currency rise sharply after being listed on the public chain?

With the development of blockchain technology and the maturity of public chains, project parties may choose to migrate their cryptocurrencies to a more open and scalable public blockchain network. Simply put, it means to The main network and infrastructure of the cryptocurrency have been migrated to a public blockchain. Such an operation may also cause the price of the currency to rise. Therefore, many investors are particularly concerned about how to know that the currency is on the public chain. Generally speaking, you can know it through official announcements, blockchain browsers, project releases, and communities. The editor will explain it in detail below.

How do you know this coin is on the public chain?

The public chain on the currency can be known through four methods: official announcement, blockchain browser, project release and community. The following is a detailed introduction:

1. Official announcement:

Usually, the project party will publish announcements about the chain on its official website, social media accounts or official forums. These announcements may provide detailed information, including the time of on-chain, target public chain, transaction hash, etc. Investors should pay close attention to these announcements and include the time of on-chain, target public chain, transaction hash, etc.

2. Blockchain Browser:

You can use the Blockchain Browser to view the details of a specific transaction, including the sender, receiver, number of transactions, etc. By viewing this information, you can confirm whether a specific cryptocurrency has been listed on the chain.

3. Project updates:

Following the latest updates and developments from the project side is also a way to know whether the cryptocurrency is on the chain. The project party may release updates or statements on the progress of the on-chain on its official channels. Stay tuned and understand the development route of the project so that you can keep up to date with the latest developments on the chain.

4. Community discussion:

Community discussions participating in the project may also provide information about the on-chain situation. You can join a project's social media group, forum, or chat room to connect with other community members and stay up to date.

Extended reading:

What does public chain mean? Comprehensive analysis of what a public chain is

Will the currency rise sharply after being listed on the public chain?

After a coin is listed on the public chain, it may not necessarily rise sharply. Coin listing on the chain is usually regarded as an important milestone event, which may have a positive impact on the price of the currency, but it does not necessarily lead to a large price increase. rise. The impact of on-chain on currency prices depends on a variety of factors, including market sentiment, project strength, market environment, technology but not limited to these. The following is an analysis of factors affecting price:

1. Market sentiment and expectations:

If the cryptocurrency community generally believes that on-chain is an important development milestone, and it is expected that on-chain will bring more adoption and investment, this may lead to a price increase.

2. Project strength and fundamentals:

The strength, technology, team, application and other fundamental factors of a cryptocurrency project will affect investors’ assessment of its long-term value. Even if it is on the chain, if the fundamentals of the project are not strong, the price may not rise significantly.

3. Market environment and market conditions:

The overall environment and market conditions of the cryptocurrency market will also affect the price performance of individual cryptocurrencies. If the market as a whole is bullish, it may lead to an increase in the price of cryptocurrencies after going on-chain.

4. Technical factors:

The chaining itself may not directly lead to price increases, but it may bring more development, application and adoption to the project, thereby creating a foundation for long-term value .

What does it mean to be on the public chain?

Being on the public chain means many aspects:

Technical significance:

Anti-tampering and transparency: The public chain uses distributed ledger technology to ensure the authenticity of transactions and transparency, users can verify and audit transactions. 1

Decentralization: The public chain adopts a point-to-point network structure, without a centralized management organization, and all nodes have the same power, representing a major breakthrough in blockchain technology.

Smart contract: The launch of the public chain means the realization of smart contracts, which can automatically execute the contract terms and ensure that the execution results cannot be tampered with.

Scalability and performance: The public chain needs to be able to handle large amounts of transactions and data and expand as the number of users increases, indicating a technological breakthrough for blockchain technology to meet the needs of practical applications.

Economic significance:

Value storage and transfer: Users can store and transfer value on the blockchain, providing new ways of value transfer and storage.

Disintermediation: The public chain reduces the participation of intermediaries through smart contracts, reduces transaction costs, and promotes a disintermediation economic model.

Projects and development:

The formation of new projects: The launch of the public chain represents the formation of new projects, which have their own Token and no longer rely on interface protocols such as Ethereum. 2

Token trading: Tokens of new projects will be logged into multiple platforms for trading, promoting the growth of circulation and number of users.

Application development: As a platform, the public chain facilitates the application development of other blockchain projects and attracts customers to develop new applications.

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