What is the network that Tether operates on Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Tether operates on the Ethereum network on Coinbase. Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. Tether, as an ERC-20 token, leverages the Ethereum network to provide stability and liquidity to the cryptocurrency market. The advantage of using the Ethereum network is its widespread adoption and robust infrastructure, which ensures secure and efficient transactions. However, one disadvantage is that Ethereum's network congestion during periods of high demand can lead to slower transaction times and higher fees.
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• Dec 17, 2021 · 3 years ago
  Tether operates on the Ethereum network on Coinbase. Ethereum is a popular blockchain platform known for its smart contract capabilities. By leveraging Ethereum's network, Tether ensures fast and secure transactions. The advantage of using Ethereum is its large user base and extensive developer community, which contributes to its overall stability and reliability. However, one potential disadvantage is the reliance on a single network, which could pose risks if there are any issues or vulnerabilities in the Ethereum network.
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• Dec 17, 2021 · 3 years ago
  Tether operates on the Ethereum network on Coinbase. Ethereum is a widely adopted blockchain platform that offers a range of functionalities, including the ability to create and execute smart contracts. By utilizing Ethereum's network, Tether benefits from its established infrastructure and high liquidity. However, it's worth noting that Tether is not limited to the Ethereum network and also operates on other blockchain platforms like Tron and Omni. Each network has its own advantages and disadvantages, and the choice of network depends on factors such as transaction speed, cost, and user preferences.
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