UNDERSTAND SOME CONCEPTS FIRST
Expanse is an open blockchain platform forked from Ethereum that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin and Ethereum, no one controls or owns Expanse – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Expanse was designed to be adaptable and flexible. It is easy to create new applications on the Expanse platform.
Expanse is a programmable blockchain. Rather than give users a set of pre-defined operations (e.g. bitcoin transactions), Expanse allows users to create their own operations of any complexity they wish. In this way, it serves as a platform for many different types of decentralized blockchain applications, including but not limited to cryptocurrencies.
Expanse incorporates many features and technologies that will be familiar to users of Bitcoin, while also introducing many modifications and innovations of its own. Whereas the Bitcoin blockchain was purely a list of transactions, Expanse’s basic unit is the account. The Expanse blockchain tracks the state of every account, and all state transitions on the Expanse blockchain are transfers of value and information between accounts.
The word mining originates in the context of the gold analogy for crypto currencies. Gold or precious metals are scarce, so are digital tokens, and the only way to increase the total volume is through mining. This is appropriate to the extent that in Expanse too, the only mode of issuance post launch is via mining. Unlike these examples however, mining is also the way to secure the network by creating, verifying, publishing and propagating blocks in the blockchain. Mining Expanse = Securing the Network = Verifying Computation
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.
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.”
Christopher Franko, James Clayton, Marcia Lewis, Omar Alvarez, and Scott Williams
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
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
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.
the Expanse Network.