Beginner Frequently Asked Questions
Noun 1.An uninterrupted space or area; a wide extent of anything: an expanse of water. 2.Something that is spread out, especially over a relatively large area: that great expanse, the sky. 3.Expansion; extension:
Expanse is a decentralized programmable platform that utilizes and allows for the application of blockchain technology in many facets of life. Expanse is the first stable fork of Ethereum.
Like Bitcoin, Ethereum utilizes a blockchain for security and transparency. Expanse, like Bitcoin, is also tradeable directly as Expanse (EXP). However, Expanse also allows for the creation of “smart contracts,” allowing developers to use blockchain technology, via Expanse, in their own programmable applications.
EXP is the name for the token Expanse uses. EXP is generated via algorithmic mining and is the basis of the Expanse network. Expanse serves as the blockchain technology platform for “smart contracts,” which often utilize “tokens.”
Expanse creates an ecosystem for the utilization of blockchain in everyday transactions and is designed with this intention. Bitcoin, on the other hand, was created as a form of electronic cash. Expanse uses similar blockchain technology to maintain all of the benefits of Bitcoin, but Expanse also allows for an infrastructure of applications that can extend beyond the exchange of currency.
The best use case example of why, is comparable to Ethereum. Although the concept behind both Ethereum and Expanse is similar, Expanse is faster, more stable, and scales. Consider the scenario where CryptoKitties was introduced onto the Ethereum blockchain. Due to the massive increase in traffic, the entire network of Ethereum was affected, essentially slowing down transaction times. If CryptoKitties was built using the Expanse blockchain, the traffic would not be affected.
Below is a side by side comparison
You are invited to become a part of the Expanse community! Here are a few ways you can participate:
- Follow all Expanse social media accounts.
- Talk about the project and share it with friends and family on your social networks to help spread awareness (organic growth).
- Join the Expanse Discord or Telegram channels.
If you’re a developer, feel free to reach out to the Expanse team if interested in building on top of the Expanse Network.