Cryptocurrency Q&A
What is osmosis coin?
What is osmosis coin?
Leonardo
Sat Nov 23 2024
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5 answers
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Osmosis Coin is a decentralized cross-chain exchange protocol in the Cosmos ecosystem, focusing on providing secure, efficient, and low-cost asset transactions and liquidity solutions. It utilizes Cosmos's cross-chain bridging technology for fast swaps and features customizable automated market-making with incentives for liquidity providers.
5 answers
DaeguDiva
Mon Nov 25 2024
One such ecosystem that Osmosis supports is Ethereum. Ethereum is known for its robust smart contract capabilities and vibrant decentralized application (dApp) ecosystem.
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Lorenzo
Mon Nov 25 2024
Osmosis (OSMO) functions as a decentralized exchange (DEX) tailored specifically for the Cosmos ecosystem. This ecosystem is characterized by its interconnected nature.
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IncheonBeautyBloomingRadianceGlow
Mon Nov 25 2024
In addition to Ethereum, Osmosis also supports assets from the Polkadot ecosystem. Polkadot is designed to facilitate interoperability and scalability across various blockchains.
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isabella_oliver_musician
Mon Nov 25 2024
The Cosmos ecosystem comprises a network of interoperable blockchains. These blockchains are seamlessly connected via the Inter-Blockchain Communication Protocol (IBC). This allows for smooth and efficient cross-chain interactions.
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CryptoWarrior
Mon Nov 25 2024
Osmosis doesn't limit its services to just the Cosmos ecosystem. It also supports non-IBC assets from other major blockchain ecosystems. This expands its reach and utility.
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